- 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.
Long term, the company’s biggest value is a charging network. Their cars aren’t ahead of the rest of the industry anymore, except maybe in live software updates. Even that’s been tainted by updates that make the car good or bad depending on the day of the week. The charging network, though, is only going to have more customers as other companies adopt Tesla’s plug.
That only applies to the USA in Europe, or at least in Germany and Austria the charging network is not better than the other providers.