Tesla may lay off workers in the U.S., potentially involving tens of thousands of employees
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According to foreign media reports, several reports from Tesla employees in the United States indicate that the company will conduct a round of large-scale layoffs in the near future. Some of them also revealed that this round of layoffs may involve up to 20% of employees, as many as tens of thousands of people.
American automotive news website electrek reported that Tesla announced to employees at its Texas Gigafactory that it would shorten the production shifts of its electric pickup truck Cybertruck.
Another seven Tesla engineers from Austin, Fremont and other places told the Business Insider website that news that “layoffs are about to begin” has spread from Tesla’s office, and no formal notice has been issued to the team yet. However, some employees claimed that they had heard that layoffs may begin as soon as possible in the near future.
This is the second time in as many months that Tesla has “delivered news of layoffs to employees.” In February, Tesla executives were asked to identify the “most important roles” on their teams, and the company postponed performance reviews for some employees. According to three sources, the work was later “rescheduled.”
According to foreign media reports, Ben Carlo, an analyst at the U.S. investment bank Baird, said in a report released last week that Tesla’s decline in car sales in the first quarter of this year surprised investors, but its car sales in the second quarter Sales may decline again.
Carlo said that compared with the same period last year, Tesla is currently facing a difficult situation and is expected to deliver 444,510 vehicles in the second quarter, a decrease of 4.6% from the same period last year. “There is no denying that the demand environment has deteriorated. Tesla CEO Elon Musk was very vocal on the recent call that increasing sales in a rising interest rate environment is difficult, and we expect that to be the case at least in the first half of this year.” , which is still a negative factor.”
Wall Street is increasingly concerned about Tesla’s near-term sales prospects. Wells Fargo analyst Colin Langan said last month that Tesla was a “growth company without growth.” Musk has also previously said that Tesla is currently in the interval between two major growth peaks.
However, Carlo no longer views Tesla stock as a “bearish” stock, citing new product launches and other factors. Carlo said Musk’s previous announcement that he would release a self-driving taxi on August 8 could boost Tesla’s stock price.
Data show that Tesla delivered nearly 387,000 electric vehicles globally from January to March this year, a decrease of nearly 9% from the 423,000 vehicles delivered in the same period last year. It was the first quarterly delivery decline in the past four years. According to the Associated Press, Tesla’s sales were lower than Wall Street analysts’ least optimistic estimates. Auto industry analysts previously predicted that Tesla would deliver 457,000 vehicles in the first quarter.
Tesla attributed part of the decline in sales to factors such as the impact of its Model 3 model changes on production, the closure of factories due to tensions in the Red Sea affecting shipping, and the interruption of power supply to Tesla’s German factory due to arson damage to high-voltage transmission towers. .
According to the Associated Press, the growth of the U.S. electric vehicle market is slowing down. Electric vehicle sales will increase by 47% to 1.19 million units in 2023, and the electric vehicle market share will rise to 7.6%. However, the pace of growth slows down towards the end of the year, and sales in December last year increased year-on-year. 34%.
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