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Another Round of Mass Firings at Tesla, Sales Must Be Imploding

• https://mishtalk.com, By Mish

Electrek reports Tesla (TSLA) launches another round of layoffs

Three weeks ago, Tesla started a significant wave of layoffs. The automaker announced it was laying off about 10% of its workforce. However, we reported prior to the announcement that the layoffs could be closer to 20% of the workforce once everything is said and done.

Sure enough, Tesla had another significant wave of layoffs last week.Now, we hear of yet another round of layoffs at Tesla.Several sources familiar with the matter told Electrek that workers across several departments, including software, service, and engineering, have received the dreaded "employment level" email between Friday and Sunday.

The layoffs were expected after CEO Elon Musk made an example of Rebecca Tinucci, Tesla's former head of charging, and her entire team by firing everyone last week. After the move, he emailed other executives and told them that they would also be let go if they don't let go higher percentages of their teams.