Elon Musk pushed for 20% headcount reduction in Tesla- Bloomberg
), Bloomberg reported on Sunday, citing a source close to the EV maker’s CEO as it undertakes a pivot into autonomous vehicles following a drop in deliveries.
Deliveries fell about 20% in the first quarter of 2024 from the prior quarter- a figure which had also factored into Musk’s call for a 20% headcount reduction, the Bloomberg report said. Development of a robotaxi is also reportedly taking precedence over plans for a cheaper EV model, which analysts and investors had hoped would help revive sluggish sales for the company.
Dropping sales, doubts over its FSD pivot and uncertainty over Musk’s priorities saw Tesla lose 39% in market capital so far in 2024- nearly half a trillion dollars.
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