Two Senior Tesla Executives Leave Amid Global Layoffs

Update (1025ET):

The Wall Street Journal reports Tesla plans to reduce 10% of its global workforce, approximately 14,000 employees, confirming an earlier report by the EV blog Electrek. 

Tesla Chief Executive Elon Musk sent a letter to employees detailing how the company needed to reduce costs and increase productivity. WSJ obtained a copy of the email.

“As part of the effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” Musk wrote in the letter, adding, “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative, and hungry for the next growth phase cycle.”

Separately, Bloomberg journalists on X reported that Tesla Senior Vice President Drew Baglino and Tesla Vice President of Public Policy and Business Development Rohan Patel are leaving the company.