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☆ Elon Musk axed the entire Tesla Supercharger team after their division chief defied orders and said no to more layoffs
  + stars: | 2024-05-16 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +4 min
Read previewTesla CEO Elon Musk made the snap decision to fire the entire Supercharger team after its division chief refused to make further layoffs happen, Reuters reported on Wednesday. The billionaire said in an email to staff on April 29 that he was dissolving the entire team behind Tesla's charging infrastructure, per The Information. AdvertisementRepresentatives for Tesla, Musk, and Tinucci didn't respond to Reuters' request for comment. The Tesla chief moved quickly to assuage concerns, and assured investors that Tesla's Supercharger network isn't going anywhere. A slowdown in the rollout of Tesla's charging infrastructure would thus be a setback for Biden's clean-energy agenda.
Persons: —, Elon Musk, Musk, Rebecca Tinucci, Tinucci, Tesla's, Tesla, Mercedes Benz, haven't, Aaron Luque, Joe Organizations: Service, Reuters, Bloomberg, Business, Tesla, The, Motors, Ford, Politico, BI
☆ Elon Musk isn't even close to being done with his 'absolutely hard core' slashing of Tesla's headcount
  + stars: | 2024-04-30 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +1 min
The layoffs at Tesla aren't over yet, says Tesla CEO Elon Musk. On Monday, he announced the departure of two senior executives and the axing of their divisions. Tesla, Musk said, needs to be "absolutely hard core about headcount and cost reduction." download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTesla CEO Elon Musk says the EV giant is not done with laying people off.
Persons: Elon Musk, Musk, —, — Tesla's, Rebecca Tinucci, Daniel Ho — Organizations: Tesla, Service, The, Business Locations: Tinucci's
☆ Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs
  + stars: | 2024-04-30 | by ( Yuheng Zhan | ) www.businessinsider.com   time to read: +2 min
Tesla stock dropped as much as 5% on Tuesday amid reports of more layoffs at the company. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementShares of Tesla dropped as much as 5.5% on Tuesday amid reports that Elon Musk announced hundreds more layoffs, including two high-level executives. The loss eats into some of Monday's big gain following the Tesla CEO's trip to China. Tesla stock is down almost 30% since the beginning of this year, while its rating and price target were slashed by a number of Wall Street analysts.
Persons: —, Tesla, Elon, Rebecca Tinucci, Daniel Ho, Rohan Patel Organizations: Service, Elon Musk, Elon, The, Wall Street, EV Locations: China, New York
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