April 15, 2024 – 8:28 AM PDT
BERLIN (Reuters) – Tesla (TSLA.O) will lay off more than 10% of its global workforce, an internal memo seen by Reuters on Monday shows, as it grapples with falling sales and an intensifying price war for electric vehicles (EVs).
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In a sign of further instability at the EV maker, Tesla’s senior vice president Drew Baglino, in charge of battery development, and Rohan Patel, vice-president for public policy and business development, both announced their exits from the company on X on Monday.
Baglino was one of four members in Tesla’s leadership team listed on the company’s investor relations website that includes CEO Elon Musk. Musk in a response to Baglino’s…
