Tesla, the company that makes electric cars, has decided to lay off more workers. They are cutting jobs in departments like software, service, and engineering. This news was reported by Electrek on Monday. They got this information from emails and people who know about what’s happening inside the company.
This decision comes after Tesla stopped its electric vehicle charging department. Last month, Tesla said it was going to reduce its workforce by more than 10%. Tesla’s shares, which are like parts of the company people can buy, went up about 1% after this news. Reuters, a news agency, asked Tesla for a comment, but they didn’t respond right away.
The company is facing challenges because it’s selling fewer cars and facing competition from other carmakers. Interest rates, which are the cost of borrowing money, are also going up. This is making it harder for people to buy electric cars.
In April, Tesla said it would have to spend more than $350 million in the second quarter because of the job cuts. Some high-ranking executives, like Drew Baglino, Rohan Patel, Rebecca Tinucci, and Daniel Ho, also left the company as part of these changes.
Tesla also said in April that they are working on new car models. These cars will use the same platforms and production lines as their current models. This means they can save money and better manage how much they spend on making cars.
