Musk told Tesla staff in a memo that the company's "rapid growth" had resulted in "duplication of roles and job functions in certain areas."
Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported.
Musk wanted the layoffs to match the drop in quarterly vehicle deliveries.
Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter.
Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.
This is where real business men shine. Anyone can ride the wave of right place, right time. It blows my mind how much of our tax dollars are funneled to this bafoon.