Tesla CEO Elon Musk announced the decision to cut headcount by potentially more than 14,000 people globally amid the deteriorating outlook for EV sales.
Two of Tesla Inc.’s top executives have left in the midst of the carmaker’s largest-ever round of job cuts , as slowing electric-vehicle demand leads the company to reduce its global headcount by more than 10%.In addition, senior vice president Drew Baglino resigned from the company, he said on X Monday, confirming an earlier Bloomberg report.
The billionaire leads six companies and doesn’t devote his full time or attention to the world’s most valuable automaker. Tesla reported vehicle deliveries early this month that missed expectations by a wide margin, posting its first quarterly decline in four years.
Drew Baglino Electric Vehicles (Evs) Elon Musk EV Sales Job Cuts Rohan Patel Tech Jobs Tesla Motoring
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla CEO Elon Musk Plans to Meet with Indian Prime Minister Narendra ModiElon Musk expresses excitement about meeting with Prime Minister Narendra Modi in India. The meeting is expected to take place during the country's upcoming elections, where Modi's party is predicted to win a third term. India recently reduced import taxes on electric vehicles, which could benefit Tesla's plans to enter the Indian market.
Read more »
Elon Musk hints that pending Tesla Roadster could flyA flying car may be on the cards for the pending Tesla Roadster after Elon Musk played it coy in a recent interview. He also mentioned it could have a 0 – 100 km/h sprint time of a second!
Read more »
Trouble at Tesla - has Elon Musk run out of road?Having been a leader in the electric vehicle market for years, Tesla is now facing unprecedented challenges.
Read more »
Elon Musk’s Tesla settles wrongful death lawsuit from fatal crashTesla has settled with the family of an engineer killed when his Model X crashed in Silicon Valley six years ago.
Read more »
Elon Musk says Tesla will unveil robotaxi in August 2024South Africa-born billionaire Elon Musk has revealed that Tesla will pull back the curtain on a robotaxi this summer.
Read more »
Elon Musk’s X loses case against anti-hate speech groupA federal judge dismissed a lawsuit by Elon Musk’s X against a group that monitors online hate speech, concluding that the social media platform’s complaint was aimed at “punishing” criticism of it.
Read more »