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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and ...
Quick Glance: Tesla to Cut 14,000 Jobs, Elon Musk Aims for Lean Brand
  • Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, in response to slowing demand and price pressure.

  • Elon Musk announced the 'difficult decision' in a memo, mentioning that Tesla had experienced role and function duplications in certain areas due to rapid growth in recent years.

  • The job cuts follow a difficult start to the year for the electric carmaker, citing production problems caused by unforeseen factors and a decline in global demand.

  • Tesla recorded a gross profit margin of 17.6% in the fourth quarter, the lowest in over four years, attributed to repeated price cuts and increased competition in China.
Profile picture of Insider (news website)
Elon Musk confirms he used a secret account on X : Elon Musk said he had used an alternate "test account" on X, with which he at times roleplayed as a toddler.
businessinsider.com/elon-musk-confirms-secret-twitter-account-x-child-2024-4
Elon Musk confirms he used a secret account on X
Profile picture of Electrek
A 605 MW PV plant in Germany is now Europe’s largest solar farm: A 605-MW project in Germany has claimed the title of Europe's largest solar farm ...
electrek.co/2024/04/12/germany-europe-largest-solar-farm/
A 605 MW PV plant in Germany is now Europe’s largest solar farm
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Tesla to cut workforce as China accelerates into EV sector: NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting ...
asia.nikkei.com/Business/Automobiles/Tesla-to-cut-workforce-as-China-accelerates-into-EV-sector
Tesla to cut workforce as China accelerates into EV sector
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Tesla 'Layoffs' Spell Bad News for Elon Musk: Elon Musk has seen his personal fortune slashed by tens of billions of dollars so far this year.
newsweek.com/tesla-layoffs-elon-musk-bad-news-fortune-loss-1890250
Tesla 'Layoffs' Spell Bad News for Elon Musk
Quick Glance: Tesla Layoffs Impact Elon Musk's Fortune
  • Elon Musk has seen his personal fortune plummet by billions of dollars this year.

  • Tesla announced global workforce reductions of 'more than 10%' in an internal email sent by CEO Elon Musk to staff.

  • The reported layoffs come at a challenging time for Musk and Tesla, with quarterly results showing an 8.5% decline in product deliveries compared to the previous year.

  • Tesla shares have dropped over 30% this year, causing Musk to fall to third place on the Bloomberg Billionaires Index.
Profile picture of Insider (news website)
Musk needs to explain Tesla layoffs amid 'horror show': Dan Ives: Tesla's layoffs are adding to the "horror show" investors have been dealing with in recent ...
markets.businessinsider.com/news/stocks/elon-musk-tesla-stock-price-layoffs-earnings-outlook-dan-ives-2024-4
Musk needs to explain Tesla layoffs amid 'horror show': Dan Ives
Profile picture of Insider (news website)
Ford offers Tesla drivers $1,500 discount to switch: Ford is taking aim at Tesla. The automaker launched an initiative to give Tesla owners a special discount on ...
businessinsider.com/ford-offers-tesla-drivers-discount-to-switch-2024-4
Ford offers Tesla drivers $1,500 discount to switch
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Elon Musk raises alarm on Greece’s ‘population collapse’: Billionaire Elon Musk addressed Greece’s low birth rate in a post on Platform X on Monday.
ekathimerini.com/news/1236553/elon-musk-raises-alarm-on-greeces-population-collapse/
Elon Musk raises alarm on Greece’s ‘population collapse’
Profile picture of Insider (news website)
Some Tesla workers get badge scan, realize layoff: Tesla told staff it doing layoffs on Sunday night, but some workers realized they were out of a job when ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
Some Tesla workers get badge scan, realize layoff
Profile picture of Electrek
Tesla’s top engineering executive Drew Baglino leaves in massive leadership loss: Tesla’s top engineering executive, Drew Baglino, has left the automaker in a ...
electrek.co/2024/04/15/tesla-top-engineering-executive-drew-baglino-leaves-leadership-loss/
Tesla’s top engineering executive Drew Baglino leaves in massive ...
Profile picture of The Mercury News
Tesla to cut over 10% of workforce in global retrenchment: Chief Executive Officer Elon Musk revealed the job cuts in an email to staff, citing duplication of ...
mercurynews.com/2024/04/15/tesla-to-cut-over-10-of-workforce-in-global-retrenchment/
Tesla to cut over 10% of workforce in global retrenchment
Profile picture of N-tv
“Hungry for growth phase”: Tesla plans massive job cuts - 3000 jobs in Grünheide: For the first time in almost four years, Tesla sold fewer new cars at the ...
n-tv.de/wirtschaft/Tesla-plant-massiven-Jobabbau-3000-Stellen-in-Gruenheide-article24874548.html
“Hungry for growth phase”: Tesla plans massive job cuts - 3000 jobs in ...
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An Etsy entrepreneur is exposing Tesla's shortcomings to new owners taking delivery
trib.al/AXmWgVX
An Etsy entrepreneur is exposing Tesla's shortcomings to new owners taking ...
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Elon Musk : l'IA sera "plus intelligente que l'homme le plus intelligent" d'ici deux ans
t3n.de/news/elon-musk-ki-wird-innerhalb-von-zwei-jahren-intelligenter-als-der-intelligenteste-mensch-sein-1619109/
Elon Musk : l'IA sera
Profile picture of Quartz
The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank earnings and retail sales
qz.com/dow-jones-tesla-trump-media-goldman-sachs-reddit-1851411400
The Dow drops 250 points as Tesla and Trump Media struggles overwhelm bank ...
Profile picture of Insider (news website)
Tesla stock price extends 2024 decline amid big 10% job layoffs: Often when a company announces job cuts, its stock price jumps as investors applaud cost-saving ...
markets.businessinsider.com/news/stocks/tesla-stock-price-layoffs-elon-musk-memo-weakening-ev-demand-2024-4
Tesla stock price extends 2024 decline amid big 10% job layoffs
Profile picture of Mashable.com
Tesla to cut more than 10% of workforce, report claims: Tesla is laying off workers amid poor quarterly results.
mashable.com/article/tesla-workforce-cut
Tesla to cut more than 10% of workforce, report claims
Profile picture of Insider (news website)
Grimes apologizes to fans for technical issues after Coachella set: Videos on X showed Grimes visibly frustrated during her Coachella set and, at one point ...
businessinsider.com/grimes-apologizes-to-fans-for-technical-issues-after-coachella-set-2024-4
Grimes apologizes to fans for technical issues after Coachella set
Profile picture of Quartz
Read Tesla CEO Elon Musk's leaked layoffs memo: The electric vehicle maker is slashing "more than 10%" of its global workforce
qz.com/tesla-elon-musk-layoffs-leaked-memo-staff-1851409932
Read Tesla CEO Elon Musk's leaked layoffs memo
Profile picture of Insider (news website)
Elon Musk says AI will outsmart humans by 2026: Tech billionaire Elon Musk believes AI will outsmart humans by 2026. But data scarcity and a chip shortage may ...
businessinsider.com/elon-musk-says-ai-will-outsmart-humans-by-2026-2024-4
Elon Musk says AI will outsmart humans by 2026
Quick Glance: Elon Musk predicts AI will surpass human intelligence by 2026
  • Elon Musk anticipates AI to be smarter than an individual human by the end of next year.

  • The Tesla CEO forecasts that the total amount of sentient compute will surpass all humans in five years.

  • Musk speculates that due to the abundance of talent in AI, AI could surpass human intelligence by 2026.

  • Despite highlighting hardware constraints and data scarcity, Musk remains optimistic about AI advancements in the upcoming years.
Profile picture of NBC News
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
cnbc.com/2024/04/16/tesla-layoffs-send-shares-down-on-concerns-about-weakening-demand.html
Tesla job cuts heighten Wall Street concerns that EV maker faces a demand ...
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Are front license plates required for all vehicles in Sacramento? Your question answered
sacbee.com/news/local/article287693925.html
Are front license plates required for all vehicles in Sacramento? Your ...
Profile picture of Insider (news website)
Tesla loses senior staff amid layoffs, analyst urges Musk to set out vision: High-level Tesla executives have announced they're leaving since Elon Musk announced ...
businessinsider.com/tesla-elon-musk-layoffs-senior-staff-2024-4
Tesla loses senior staff amid layoffs, analyst urges Musk to set out ...
Profile picture of Electrek
Tesla (TSLA) is rumored to be preparing a massive round of layoffs: Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production ...
electrek.co/2024/04/14/tesla-rumor-massive-round-layoffs/
Tesla (TSLA) is rumored to be preparing a massive round of layoffs
Profile picture of Insider (news website)
Most unusual CEO habits: from naps at noon to 3.30 a.m. workouts: These are some of the bizarre daily habits of top CEOs such as Elon Musk, Tim Cook ...
businessinsider.com/elon-musk-mark-zuckerberg-tim-cook-ceos-unusual-habits-routines-2024-4
Most unusual CEO habits: from naps at noon to 3.30 a.m. workouts
Profile picture of Insider (news website)
Tesla's layoffs aren't just in the US, report says: Tesla's layoff plans may not be confined to the US, with Reuters reporting jobcuts in China too ...
businessinsider.com/teslas-layoffs-arent-just-in-us-report-china-germany-2024-4
Tesla's layoffs aren't just in the US, report says
Profile picture of Insider (news website)
Tesla employees worry that layoffs are coming: Some Tesla employees told Business Insider they are concerned that layoffs are imminent ...
businessinsider.com/tesla-layoffs-employees-worry-2024-4
Tesla employees worry that layoffs are coming