Musk deepens ‘hardcore' job cuts at Tesla [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
The electric car maker's chief executive told managers that staff who were not “excellent, necessary and trustworthy” should be axed. It comes a week after Tesla made around 14,000 staff redundant , roughly a tenth of the company's workforce. Tesla dismissed two key executives, while also cutting entire teams. Rebecca Tinucci, the head of its Supercharger network, and Daniel Ho, its head of new products, are both leaving. Ms Tinucci's 500-strong Supercharger team and Tesla's lobbying operation are also being dismissed “Hopefully these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction,” Musk wrote in an email to executives, according to the technology news website The Information. “While some on exec staff are taking this seriously, most are not yet doing so.” Last week, Tesla reported its biggest sales drop in 12 years and a slump in profits amid stalling demand for electric cars and growing competition from China. T
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- 4/23/24 - Beat
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Sec Filings
- 5/21/24 - Form DEFA14A
- 5/21/24 - Form PX14A6G
- 5/21/24 - Form PX14A6G
- TSLA's page on the SEC website