Tesla has been firing lots of workers lately. First, they let go of people in California and Texas. Then, they got rid of the team that runs the Supercharger network. This week, even the interns got cut. Now, a top executive leaving Tesla is questioning Elon Musk’s decisions.
Rich Otto, who worked with Tesla’s vehicle engineering and creative teams, spoke out about the recent job cuts. He said these layoffs are hurting the company in many ways. They’re bringing down morale and even affecting Tesla’s stock price.
Otto made his thoughts known on LinkedIn. He announced his resignation from Tesla and expressed concerns about the direction the company is taking. He wrote, “The recent layoffs that are rocking the company and its morale have thrown this harmony out of balance and it’s hard to see the long game. It was time for a change.” He also mentioned how much he’ll miss the people at Tesla.
These job cuts are just one part of Tesla’s recent troubles. The launch of their new Cybertruck had some serious problems. There were issues with the manufacturing process, like the accelerator pedals getting stuck. Also, the U.S. government is investigating how Tesla handled a recall related to its Autopilot and Full Self-Driving software.
Because of all this bad news, Tesla’s stock price is dropping. According to Barron’s, the price of Tesla shares went down by 0.6 percent to $173.75. This decline happened after news about the layoffs came out, and it followed a 1.7 percent drop the day before.
