Tesla is reportedly shedding 'greater than 10 p.c' of its workforce

“There's nothing I hate extra, however it must be carried out,” Elon Musk stated within the printed e-mail. Electrek, “This may allow us to be lean, modern and hungry for the subsequent progress part cycle.”

Tesla has additionally reportedly deserted its plans to provide an inexpensive Mannequin 2 that will value round $25,000 because it focuses on a brand new robotaxi as a substitute. This comes as the corporate faces rising strain from extra inexpensive Chinese language producers. Final yr, Tesla misplaced the title of world's prime electrical automobile maker to China's BYD, which produced 3.02 million EVs in comparison with Tesla's 1.81 million.