EV Pink Slips: Elon Musk Has Slashed 14% of Tesla’s Workforce

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Recent internal records suggest that Tesla, Elon Musk’s EV company has reduced its global workforce by more than 14 percent since the beginning of 2024, bringing its total headcount to just over 121,000 employees, including temporary workers.that Tesla, Elon Musk’s electric vehicle manufacturer, has undergone a significant restructuring since 2023, with internal records indicating a substantial reduction in its global workforce.

There are multiple potential issues that could explain this substantial workforce reduction. Tesla is grappling with an aging lineup of electric vehicles, increased competition in key markets like China, and a perceived brand deterioration. A recent survey attributed part of this brand erosion to Musk’s “antics” and “political rants.

 

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