Business

Tesla CEO Elon Musk Cuts Execs, Plans More Layoffs Amid Sales Drop

According to a report from Reuters, citing The Information, Tesla’s CEO Elon Musk isn’t happy about the company’s sales dropping and how quickly they’re cutting jobs. So, he’s fired two top executives and is planning to let go of even more people.

The report talks about an email from Musk to the higher-ups in the company. It mentions that Daniel Ho, in charge of new vehicle programs, and Rebecca Tinucci, who led the Supercharger division, will be leaving on Tuesday.

It seems Musk wants to get rid of all the teams under Tinucci and Ho, affecting about 500 workers in the Supercharger team. The report didn’t give specifics about how many people were under Ho. Also, Rohan Patel, who used to lead Tesla’s public policy team, won’t be in that role anymore.

As of the end of 2023, Tesla had around 140,473 employees worldwide. In Musk’s email, he said they need to be really strict about cutting costs and jobs. He mentioned that some of the top managers are taking it seriously, but most aren’t yet. Tesla didn’t respond immediately when Reuters asked for a comment.

Looking at their LinkedIn profiles, Ho started working at Tesla in 2013 and worked on different car models before taking charge of all new car projects. Tinucci switched to a senior product manager role at Tesla in 2018. Apart from the plan to let go of about 10% of their workforce, two other top executives, Patel and battery development chief Drew Baglino, also said they’re leaving earlier this month.

A report released this week says Tesla’s sales dropped for the first time since 2020 because of more competition and fewer people buying their cars. Musk went to China last Sunday to launch a cool new driving system for Tesla cars, especially because China is where lots of electric car companies compete on prices. He went there even though he postponed his trip to India, where Tesla wants to set up offices, because he said he had too many things to do for Tesla.

Vishakha Bhardwaj

A journalist known for delivering accurate, engaging, and insightful stories across diverse beats, ranging from politics and sports to business and entertainment. I am also recognized as a content writer and web story developer, combining factual accuracy with creative flair.

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