Tesla CEO Elon Musk waves as he leaves the Tesla Gigafactory for electric cars after a visit in Gruenheide near Berlin, Germany, March 13, 2024. After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. (AP Photo/Ebrahim Noroozi, File)

Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

by The Associated Press May 16, 2024

written by The Associated Press May 16, 2024

DETROIT (AP) — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees. The layoffs could affect about 14,000 of the 140...

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Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report

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