Tesla to cut nine per cent of workforce in search of profitability

Madeleine Cuff
clock • 2 min read

Company-wide restructure will slim staff numbers but not affect Model 3 production rates, says founder Elon Musk

Electric car giant Tesla is letting go of nine per cent of its workforce, in a major restructuring designed to get the firm on track to become "sustainably profitable". Announcing the plans this week,...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Automotive

Driverless electric taxis tipped for London launch as early as September

Driverless electric taxis tipped for London launch as early as September

Fully-electric 'robotaxis' set to launch in the UK later this year, with testing of driverless vehicles already underway

Stuart Stone
clock 30 January 2026 • 3 min read
How electric vehicle makers defied the auto industry's 'toughest year in a generation'

How electric vehicle makers defied the auto industry's 'toughest year in a generation'

Almost 300,000 low emissions cars rolled out of UK factories last year, providing a major bright spot as overall production fell 15.5 per cent

Stuart Stone
clock 29 January 2026 • 7 min read
Government urged to boost support for 'overlooked' used EV market

Government urged to boost support for 'overlooked' used EV market

Study warns adoption of EVs is being hampered by myths about the long-term reliability of batteries

clock 28 January 2026 • 4 min read