Musk Lays off Tesla Senior Executives in Fresh Job Cuts, The Information Reports

Reuters04-30

April 30 (Reuters) - Elon Musk is thinning Tesla's senior management and laying off hundreds more employees, frustrated by falling sales and the pace of layoffs so far, The Information reported early Tuesday, citing an email sent by the CEO to senior executives.

Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of new products, will leave on Tuesday morning, The Information reported.

In the email, Musk also said he would dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said.

"Hopefully these actions are making it clear that we need to be absolutely hard core about headcount and cost reduction," Musk wrote in the email, the report said. "While some on exec staff are taking this seriously, most are not yet doing so."

Tesla's public policy team, which was led by former executive Rohan Patel, will also be dissolved, according to the report.

Tesla did not immediately respond to Reuters' request for comment.

Earlier this month, Tesla ordered the layoffs of more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).

Two senior leaders, battery development chief Drew Baglino and Patel also announced their departures, drawing posts of thanks from Musk although some investors were concerned.

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Comments

  • Windkaze
    04-30
    Windkaze
    Imagine the ppl he lay off are ppl who are actually generating revenue for the company, or are actually substantial shareholders. Maybe it's time for the man himself to step down instead, layoffs are never a good sign, it only shows how poor his strategic planning skills really are. All those recent news have no real substance.
  • Dr Rck
    04-30
    Dr Rck
    Usually whenever there is a layoff there will be a temporary upward movement of its share price but this could be a further sign of more troubles ahead for TSLA before continued rise due to its FSD upcoming launch (in principle approval in China). Is that all? The panic buying is a bit overdone.  
  • BB J
    04-30
    BB J
    Elon Musk is the conductor of an orchestra!!
  • Hugo Sing
    04-30
    Hugo Sing
    What Enron Musk knows that we don't know [LOL]  [LOL]  
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