In all, Tesla said it would cut more than 10% of its workforce, amounting to more than 14,000 people.
Tesla is also losing some key top executives: Drew Baglino and Rogan Patel announced this week they would leave the company.
AdvertisementIt's unclear what, exactly, Tesla plans to show off in August as a self-driving, revenue-generating new product.
He also reportedly said Tesla robotaxis would be able to do 100 hours of work a week for their owners.
According to Reuters, Tesla has ended plans for another one of Musk's longtime pet projects: a truly affordable EV.
Persons:
—, Elon Musk, Tesla, Drew Baglino, Rogan Patel, Baglino, Patel, Musk, Ryan Brinkman, Kelley, Adam Jonas
Organizations:
Service, Business, CNBC, Reuters, JPMorgan, US
Locations:
China, Europe, Asia, Mexico