Elon Musk is planning hundreds more job cuts across Tesla Inc. as two more senior executives leave the company, according to the Information.

Rebecca Tinucci, senior director of the Supercharger group, and Daniel Ho, head of new products, will no longer work at Tesla from Tuesday, according to the report, which cited an internal company memo. In the email, Musk said he would dismiss everyone working for the executives, with a few employees set to be reassigned, including roughly 500 people from Tinucci’s group, the report said.

The fresh round of cuts comes just weeks after Tesla announced it would lay off more than 10 per cent of its workforce and two top executives — powertrain chief Drew Baglino and head of business development Rohan Patel — publicly announced their resignations. The upheaval reflects broader ructions at the EV maker, which is facing unprecedented local competition in China and has seen a series of price reductions do little to revive slumping sales. 

Tesla didn’t immediately respond to an emailed request for comment on the report sent by Bloomberg News outside business hours.

Alongside the announcement of Tinucci’s departure, Musk said Tesla would continue to build out some new Supercharger stations, where critical, and finish those under construction, according to the Information. The extensive charging network is viewed as core to the success of Tesla driving wider EV adoption, and the carmaker allows rival marques to use its chargers. 

Musk also signaled the potential for even more job cuts, asking for the resignation of any executive who retains team members whose work isn’t up to standard, according to the report. Bloomberg News has previously reported Musk has pushed for a 20 per cent reduction in Tesla’s workforce.

Tesla’s shares have been whipsawed over the past week as the company announced plans to speed up the release of cheaper models to counter a broad downturn in EV demand. The stock jumped 15 per cent on Monday after the automaker received in-principle approval from government officials to deploy its driver-assistance system in China, though it’s still down more than 20 per cent this year.


Tesla to cut hundreds more jobs in Musk cost

 push: report

By AFP
April 30, 2024

Tesla's German plant started operations in 2022 - Copyright AFP ELVIS BARUKCIC

Tesla plans hundreds of additional job cuts beyond a recent company-wide layoff as it cracks down on costs in a tough electric vehicle market, according to a US media report.

Elon Musk’s EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday.

The online technology publication quoted from a Musk email in which he vowed to be “absolutely hard core about headcount and cost reduction.”

Musk will seek to oust any executive “who retains more than three people who don’t obviously pass the excellent, necessary and trustworthy test … I have been super clear about this,” said Musk’s email, according to the Information.

The latest cuts mean Rebecca Tinucci, a senior director in EV charging, and Daniel Ho, head of new products, will leave the company.

Also departing will be most of the 500 workers in Tinucci’s Supercharger group, plus other staff reporting to Ho. Musk is also dissolving a public policy team, the report said.




Tesla is cutting hundreds of more jobs in part of Elon Musk’s latest cost-cutting push – Copyright AFP/File SAUL LOEB

Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 billion, reflecting a decline in EV sales in a market with intensifying competition.

Despite the downcast results, Tesla shares were buoyed last week by Musk’s pledge to accelerate production of new, more affordable EVs and by Musk’s visit to China on Monday that resulted in a key security clearance from the Chinese government for Tesla technology.