Tesla will fire 9% of employees in the course

Tesla will fire 9% of employees during a large restructuring, which, as the manufacturer of electric vehicles insists, will not affect the plans for the production of Model 3 - available for the mass audience of the electric car.

Details

Tesla General Director Ilon Musk on Tuesday wrote on Twitter that this step was “difficult, but necessary” so that the company could hold expenses, while increasing the release of its last model.

https://twitter.com/elonmusk/status/1006597562156003328

Mask promised that the reductions would not affect production and therefore will not affect the company's ability to achieve targets in Model 3 in the coming months. As the general director of Tesla specified, the dismissal will be held as part of the reorganization of the company, which he reported in May.
First, Musk announced the preparatory reductions only in a letter to the company's employees. However, after the document in the press, the head of Tesla published it on his Twitter account.
As Reuters clarifies , we are talking about the dismissal of several thousand employees. As a result of reductions, the total number of employees of the company will return to the figure of 37 thousand people (this corresponds to the level at the end of last year).
On the news about the upcoming reductions, Tesla stocks grew by 7%, but later they fell again and at the time of publication the news was 3% higher than the closure of the previous day.
“Dismissal of 9% of employees is a good figure and I do not think that more reductions should be expected in the near future,” said Efraim Levy, analyst at CFRA Research.

Context

In early April, the company's shares fell by about 35% compared to the peak values of September last year, but the signs that the company on the way to achieving a targeted indicator for the production of Model 3 in 5000 cars per week helped to play these losses.

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Tesla will fire 9% of employees in the course

Details

Tesla General Director Ilon Musk on Tuesday wrote on Twitter that this step was “difficult, but necessary” so that the company could hold expenses, while increasing the release of its last model.

https://twitter.com/elonmusk/status/1006597562156003328

Mask promised that the reductions would not affect production and therefore will not affect the company's ability to achieve targets in Model 3 in the coming months. As the general director of Tesla specified, the dismissal will be held as part of the reorganization of the company, which he reported in May.
First, Musk announced the preparatory reductions only in a letter to the company's employees. However, after the document in the press, the head of Tesla published it on his Twitter account.
As Reuters clarifies , we are talking about the dismissal of several thousand employees. As a result of reductions, the total number of employees of the company will return to the figure of 37 thousand people (this corresponds to the level at the end of last year).
On the news about the upcoming reductions, Tesla stocks grew by 7%, but later they fell again and at the time of publication the news was 3% higher than the closure of the previous day.
“Dismissal of 9% of employees is a good figure and I do not think that more reductions should be expected in the near future,” said Efraim Levy, analyst at CFRA Research.

Context