Learn more

US carmaker Tesla is to cut more than a tenth of its workforce worldwide, equivalent to an estimated 14,000 employees, according to an internal email from Tesla boss Elon Musk pointing to a slump in the market for EVs and weak sales worldwide. As part of efforts to cut costs and increase productivity, “we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” Musk writes in the email seen by dpa. Tesla’s staff complement stood at more than 140,000 at the end of last year, according to its annual report. On Monday, top…

cuu