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Musk said Tesla will cut 10% of its staff, its share price plummeted 9% and its market value evaporated 44

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. On Friday, local time in the United States, affected by the news of layoffs, Tesla's share price closed 9% lower. On the same day, media reported that elonmusk, CEO of Tesla, planned to cut 10% of staff and suspend recruitment

later on Thursday, musk sent an email to Tesla executives, saying that he had a "very bad feeling" about the economic situation and called for layoffs. Affected by this news, Tesla's share price plummeted by 9.22% to $703.55 per share, and about $67.2 billion (about 440billion yuan) of market value evaporated overnight, the largest one-day decline in nearly five weeks

on the same day, musk clarified that 10% of Tesla's layoffs are only applicable to "salaried employees", and the automaker is still recruiting hourly workers. Tesla will reduce the number of salaried employees by 10% because we already have a surplus of employees in many areas

according to the daily economic news, Tesla China did not respond to the layoffs. However, a Tesla China customer service staff member said: "at present, we have not received any notice about layoffs and suspension of recruitment."

previously, musk required all Tesla and SpaceX employees to stop remote work and work in the office for at least 40 hours a week

according to Tesla's annual financial report, Tesla employs 99290 employees worldwide by the end of 2021

since the beginning of this year, with investors selling technology stocks on a large scale, Tesla's share price has fallen by more than 25%

like other automobile manufacturers, Tesla has been dealing with parts shortages and supply chain problems

on Friday, analysts from Cowen, an investment bank, lowered Tesla's expectations for delivery in the second quarter. Car deliveries are the closest number to Tesla sales

Tesla's new factory outside Berlin started construction in March this year and began to increase production in May. Jeffrey Osborne, managing director and senior research analyst of Cowen, wrote in a report on Friday: "we expect to lose about 50000 to 60000 vehicles, which will also affect profitability. The challenge of producing model y in Berlin and Austin will exacerbate this problem."

cowen also predicted that Tesla will lower its performance forecast for this year. The company has set a goal of achieving 50% growth in car sales in 2022. Osborne wrote: "we expect Tesla to face challenges in achieving its delivery growth target of about 50% in 2022. The previous target was 1.35 million vehicles, and we expect to deliver 1.28 million vehicles this year."

in addition to worrying about Tesla's performance, musk also plans to spend $44billion to acquire twitter. With Tesla's share price falling, Musk's capital resources are also falling. (Chenchen)


2023-03-22 10:04:53

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