Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles.
Tesla CEO Elon Musk plans to dismiss everyone working for the sacked senior executives, including the roughly 500 employees who work in the supercharger group, according to a report by The Information.
Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.
Elon Musk-owned Tesla, which recently announced layoffs of some 14,000 workers, has also undertaken a recall of its Cybertruck due to an acceleration problem. The company s Q1 profits fall 55%, but shares rose on news Tesla s new models will include affordable ones.
Tesla announces to lay off of over 6,000 jobs ahead of the quarterly results, which is expected to begin on June 14. Check for further details here. Tesla Layoffs: Elon Musk-Run Tesla Announces To Lay Off Over 6,000 Employees From Texas and California; Check Details To Know Why.