Tesla CEO Elon Musk sent an email to "everybody" that day.
He told employees, "Over the next few weeks, Tesla will be doing a comprehensive review to provide stock options grants for exceptional performance."
In a filing for the fourth quarter, Tesla said its employee head count worldwide at the end of December was 140,473, a number that represents salaried and hourly staffers.
At around 121,000, that suggests Tesla has reduced overall headcount by at least 14% since the end of 2023.
For the first quarter, Tesla reported a 9% drop in annual revenue, the biggest decline since 2012.
Persons:
X Elon Musk, Mark Read, Elon Musk, Tesla, Musk, We've, Rebecca Tinucci
Organizations:
Lumiere Theatre, Cannes Lions, CNBC, Tesla, Reuters, Bloomberg, Nasdaq
Locations:
Cannes, France, China