Musk to cut 14,000 Tesla jobs amid electric car slowdown

Tesla is laying off more than 10% of its global workforce, equivalent to at least 14,000 roles, as the electric carmaker reacts to slowing demand and pressure on prices.

- Dan Milmo, Graeme Wearden

The chief executive, Elon Musk, announced "the difficult decision" in a memo first reported by the online publication Elektrek. Tesla employs 140,473 people, according to its annual report.

Musk wrote that Tesla had grown rapidly in recent years and as a result there had been duplication of roles and job functions in certain areas.

Referring to the job cuts, he wrote: "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." It follows a difficult start to the year for the electric carmaker. Tesla said it had made about 387,000 deliveries to customers in the first quarter of 2024, missing market expectations by about 13%. It was its first fall in deliveries in almost four years.