Electric car manufacturer Tesla will lay off 14,000 workers, which is 10% of its workforce worldwide. In the first quarter of this year, Tesla sold 433,000 cars, a 10% decrease compared to the previous quarter.
Despite the decline in sales, Tesla managed to overtake the Chinese BYD, which produced only 300,000 electric cars at the time, and became the largest electric car manufacturer in the world. Elon Musk in a leaked letter: "I hate to fire, but we will be leaner and hungrier" and "This will allow us to be lean, innovative and hungry for the next growth phase cycle" "It is very important to look at every aspect of the company to reduce costs and increase productivity," added Musk, whose personal fortune is estimated at $200 billion. "There is nothing I hate more, but it has to be done," said Musk in the leaked letter, which was published on the Elektrek website on Monday.. The company's growing problem is a limited and relatively expensive model range.