When you are Tesla and especially if the CEO of the company is Elon Musk the media spotlights around the world may be pointing you right in the face. Due to this it is not surprising that any movement in this sense has much more impact than expected and, unfortunately, based on being in the media, Tesla does not get more income, if a greater impact, something that is always good for everything. the world knows the Tesla brand, but not to offer your investors those benefits that they have been waiting for so long.
The problem of Tesla currently is that it has literally become a money-burning machine, something that, as often happens, no matter how successful the presentation of new products is, the market or investors do not usually like it. In this sense and to calm the spirits, a few months ago, Elon Musk declared that by the end of the year he was going to make the American company stop losing money month after month and become profitable And, for this, it is necessary to carry out a series of forced changes, such as an internal restructuring of the entire company that, surely, many will not like, especially workers who, overnight, find themselves without job.
Elon Musk announces internal restructuring at Tesla that will put 9% of workforce out of work
In order to make Tesla profitable, it was Elon Musk himself who confirmed, after his letter to employees to communicate the decision made at the top of the company was leaked, that no less than the 9% of the workforce. This letter ensures that, in this case, It has been studied how the layoffs do not affect the production of the Tesla Model 3 in any way. In this way, it seems that Elon Musk has finally managed to carry out his internal restructuring plan for the company, a plan that had already been announced a few months ago.
In the document that has been leaked, you can read how the CEO of the company himself announces that because Testla «has grown and evolved rapidly in recent years«, Something that has finally ended by duplicate some roles and functions within the company itself. Due to this and in his attempt to reduce costs as much as possible and especially to improve the profitability that Tesla offers today, the decision has been made to terminate the contract and «let go»Approximately 9% of the total workforce that makes up the company.
In all of Tesla's history, some 15 years, the company has never made a profit
At this point it is especially striking that this internal restructuring, which is how this movement has been baptized, has not been motivated by much of the fact that Tesla loses money almost every month. In this sense, it is especially striking that, in the document, it is mentioned that the company has never had profits in its 15-year history, so this is not a determining factor for the layoffs to be carried out, rather the idea with the termination of contracts is to try «accelerate the world's transition to clean and sustainable energy«.
To get an idea of the magnitude of laying off 9% of the workforce, tell you that Tesla currently has about 46.000 employees hired, which means that more than 4.000 people will lose their job. As it could not be otherwise, this decision has had a special impact on Tesla's listing on the stock market where, after several days of rising stock prices, where a price of $ 355 per share had been reached, the same they have dropped to $ 345.