Americans are less interested in electric vehicles every year. And with the interest in EVs cooling down faster every year, the stress on the industry is telling. Now, even Elon Musk is announcing layoffs at Tesla.
Tesla is looking to layoff as much as ten percent of its global workforce, according to a Monday announcement, Just The News reported.
“Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said in an email to staff.
“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle,” he also said.
Tesla missed its first quarter vehicle delivery expectations, the company reported.
As CNBC reported on March 13, a growing number of car makers are pulling back on their headlong rush to go “all electric.”
Most of these companies are pushing back their all-EV dates by several years and some are cutting way back on the number of EVs they plan to make.
CNBC noted that Ford Motors, General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover, and Aston Martin are all making severe cuts in their announced EV plans.
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