Tesla Cuts Supercharger Team, New Round Of Layoffs

Elon Musk Going ‘Absolutely Hardcore’ With Tesla Layoffs. The company’s active layoffs hit most of its Supercharger team, with at least five senior executives either resigning, being pushed out, or announcing departure.

Tesla is firing the workers in its Supercharger division a very important segment of the business, calling into question the direction of the company’s charging strategy. EV advocates stress the need for further expansion in this specific area of vehicle development

These extremely important superchargers are vital to the cars travel on trips. — Tesla has the world’s largest EV charging network with more than 50,000 plugs. It is a competitive advantage and key to EV sales growth among other brands.

The company fired EV charging boss Rebecca Tinucci and all of her 500-person team… That is a ton of people and a massive drop in employees.

This month, Tesla is firing numerous workers, already announcing plans to cut over 10% of its workforce. That is HUGE!

• “The way to think about it is any tree which grows, it needs pruning,” CFO Vaibhav Taneja said last week on an earnings call. “This is the pruning exercise which we went through.”
• “We’re not giving up anything that is significant that I’m aware of,” Musk added, saying Tesla had become too inefficient and that “it is time to reorganize the company for the next phase of growth.”

A slew of automakers recently struck deals with Tesla to allow their EVs to charge on the company’s network, including GM & Ford, Toyota, Rivian, and Volvo. This means the supercharging stations will be getting much more crowded with longer lines. Maybe not the best place to cut employees.

Tesla stock sank more than 2% in pre-market trading Tuesday. These unexpected additional layoffs surprise, though not entirely unexpected, catching many off guard. Tesla earlier this month said it would slash “more than 10%” of its 140,000-person strong global workforce.

But Musk had reportedly pushed to lay off about 20% of the company, an amount that, he reasoned, would match Tesla’s sales decline between the fourth quarter of 2023 and the first quarter of 2024.