• Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported.
  • Musk wanted the layoffs to match the drop in quarterly vehicle deliveries.
  • Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter.

Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.

The reduction, Musk reasoned, should match the reduction in vehicle deliveries between the fourth quarter of 2023 and the first quarter of 2024, per Bloomberg.

  • Telodzrum@lemmy.world
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    6 months ago

    You need both and trailing twelve months as well as annualized and probably a few others to get a complete picture. Cars have a lot of seasonality, so you’re absolutely not wrong.