Musk releases an all-employee letter announcing that Tesla will lay off 10% of its global workforce

Musk sent an all-staff email this afternoon, saying Tesla will lay off 10% of its employees worldwide.

Earlier, foreign media reported that some employees said the layoff rate may be as high as 20%. However, according to verification, Tesla’s official all-employee letter was released at around 3:00 pm on April 15th, Beijing time, confirming that the layoff ratio would be 10%.

Some media asked Tesla store employees in China to confirm the news. The other party said that they had not received the notification yet, but it would not have an impact on the business. Tesla has more than 140,000 employees worldwide, according to a December filing with regulators.

Entering April this year, a new round of “price war” among car companies has begun. According to incomplete statistics, more than 10 brands have successively launched preferential activities since April.

In addition to price reductions, consumers are attracted through various methods such as price reductions for additional equipment, separation of vehicles and electricity, and replacement subsidies.

With Xiaomi Motors’ first car officially launched, priced starting at 215,900 yuan, new entrants have made the price war even more intense.

Tesla also followed up with price cuts. In January this year, Tesla took the lead in launching a new round of price war in the Chinese market. In the following February and March, Tesla announced limited-time discounts and insurance subsidies respectively, and launched designated car paint discounts and financial low-interest discounts to further lower the product purchase threshold.

On April 3, Tesla’s official WeChat announced a limited-time low-interest replacement policy for Model 3/Y models, and launched a “0-interest” installment car purchase preferential policy for the first time.

According to the latest policy, if you order the latest Model 3/Y model before the end of April, you can enjoy 0 interest for up to 3 years or ultra-low interest for 5 years. Taking 36 interest-free installments over 3 years as an example, you can drive a Model Y with only a down payment of 79,900 yuan.

Facing the increasingly fierce price war in the domestic new energy vehicle market, Tesla has to follow suit in terms of price policy; at the same time, Tesla’s global delivery data in the first quarter of 2024 has declined rapidly year-on-year, which has sharply increased operating pressure.

On April 2, local time in the United States, Tesla announced delivery data for the first quarter of 2023. Data shows that Tesla delivered a total of 386,800 vehicles globally from January to March this year, a new low in the past five quarters. Deliveries fell 8.5% compared with the same period last year and 20.2% compared with the fourth quarter of last year.

According to foreign media reports, Tesla has canceled affordable electric cars and will continue to develop driverless taxis on the same small car platform.

Guodu Securities pointed out that Tesla’s Model 3 currently on sale has a starting price of 245,900 yuan, making it Tesla’s cheapest model. It is expected that as the market age increases and competition in the auto market intensifies, subsequent prices are expected to be similar to those of older models. It is gradually approaching 200,000 yuan. Therefore, if Tesla launches affordable models (Model 2 or other), the price will fall into the price range of 150,000 yuan to 200,000 yuan. At the same time, the body size will also be smaller and the space will be more cost-effective. Low, competition among models in the same price range is fierce, and sales are difficult to increase.

Affected by rumors of layoffs and declining performance, Tesla’s stock price has also fluctuated. On April 12, local time, Tesla closed at $171.05, a drop of 2.03%. Tesla’s stock price has fallen by about 31% this year.

Like (0)
Previous April 15, 2024 5:48 am
Next April 15, 2024 5:50 am

Related posts

  • Yang Zhenjin: How to layout gold and silver when they are in shock. Today’s latest trend analysis and operational suggestions

    Market interpretation: On Thursday, April 25, during the Asian session, spot gold fluctuated within a narrow range. The price of gold stabilized above the 2,300 mark on Wednesday, closing at $2,315.80 per ounce. The risk premium caused by tensions in the Middle East has eased, and investors are paying close attention. U.S. economic data will be released later this week, which may provide clues on the path of the Federal Reserve to raise interest rates. Gold and silver markets are correcting as conflicts in the Middle East deescalate. The key question is whether these corrections will turn into a near-term downward price trend, thus signaling that a market top has occurred. Market focus has returned to economic reports and the Federal Reserve. If the inflation data is too hot, it will be more difficult for the Federal Reserve to cut interest rates. The main economic focus this week will be the first-quarter gross domestic product (GDP) data released on Thursday and the March personal consumption expenditures (PCE) price index due to be released on Friday. Previously released consumer price inflation…

    US stock news April 25, 2024
  • Released the first \”Low Carbon Medical Action Guidelines\”, Yingkang Life Insurance further promotes low carbon operations

    Recently, the \”Seventh Hospital Logistics Development Conference and Hospital Logistics Equipment, Technology and Service Exhibition\”, guided by the Hospital Construction and Equipment Branch of the China Medical Equipment Association and sponsored by Zhuyi Tai, was officially held. The conference aims to improve the sophistication of the overall hospital operations. and informatization to help build smart hospitals, safe hospitals, and green hospitals. At the scene, Yingkang Life, a listed company under Haier Group\’s big health ecological brand Yingkang Life, released the \”Low Carbon Medical Action Guidelines\”. According to industry experts, this is the first action guideline for the mainland medical industry to integrate low-carbon and medical care. Hospitals are an important area of ​​medical carbon footprint and an important scenario for achieving medical carbon peak and carbon neutrality. According to \”HEALTH CARE`S CLIMATE FOOTPRINT\” released by Harmless Medical, the carbon footprint of the medical sector in various countries around the world accounts for an average proportion of national carbon emissions of 4.4%. The top ten medical system emitters account for 75% of the total global health care emissions. China ranks second…

    US stock news April 25, 2024
  • Hainan Haiyao received advance notice of punishment from the China Securities Regulatory Commission, investor claims reminder

    Injured shareholders can register for the company\’s rights protection on the Sina Shareholder Rights Protection Platform: http://wq.finance.sina.com.cn/ Follow @Sina Securities, follow Sina Brokerage Funds on WeChat, search Sina Shareholder Rights Protection on Baidu, and visit Sina Finance Client You can find us on the homepage of Sina Finance! On the evening of April 12, 2024, Hainan Haiyao (rights protection) (000566) announced that it had received the \”Administrative Penalty Prior Notice\” from the Hainan Supervision Bureau of the China Securities Regulatory Commission. Lawyer Xu Feng from Shanghai Jiucheng Law Firm reminded that so far, Hainan Haiyao The alleged violations have been basically clarified, and investors who have been harmed by their violations can initiate claims according to law. (Column of Lawyer Xu Feng) The above-mentioned \”Advance Notification of Administrative Punishment\” announcement information shows that after investigation, the facts that Hainan Haiyao Co., Ltd. is suspected of violating the law are as follows: Hainan Haiyao did not disclose related transactions in its regular reports. From December 2018 to January 2020, Hainan Haiyao and its subsidiaries engaged in non-operating fund occupation with Chongqing…

    US stock news April 25, 2024
  • Quant MF gets RBI nod to hike stake in RBL Bank

    The Reserve Bank has allowed Quant Mutual Fund to hike its stake in RBL Bank to 9.98 per cent, according to a regulatory filing.

    US stock news May 14, 2024
  • NVIDIA\’s earnings report was eye-catching, and its stock price exceeded $1,000 after the market closed.

    NVIDIA on Wednesday announced first-quarter results that exceeded analysts\’ expectations, and its stock price exceeded the $1,000 mark for the first time after the market closed.

    US stock news 2 days ago
  • Peloton fell about 3.6% pre-market as it seeks to refinance debt

    Gelonghui, May 21 | US social fitness platform Peloton Interactive (PTON.US) US stocks fell about 3.6% before the market opened, to US$3.77

    US stock news 4 days ago