Tesla seems to be planning job cuts: more than ten percent

In the letter, Musk outlines the steps needed to be “ready for the next phase of growth” and “lean, innovative and hungry.” To do this, it is important to explore options to save costs in each area of ​​the company and ultimately increase productivity. He hates action, but it is necessary.

The growth of the electric car business has recently slowed down in many regions of the world, and Tesla has not been affected by this. The company will present its figures for the last quarter next week. The electric car pioneer started the year with declining sales.

It was the first time in almost four years that the company sold fewer cars than a year ago. Tesla is battling competition from other car companies or new entrants such as China’s smartphone maker Xiaomi and a growing range of electric vehicles.

The impact of price cuts and discounts is now diminishing as Americans are slowly refreshing their aging design models and will come up with important new products next year.