Thursday, September 19, 2024
Recent developments suggest possible layoffs looming at Tesla as managers evaluate job criticality amidst canceled performance reviews, raising concerns among employees. With shares down 26% in 2024 despite 2023 growth, Tesla's workforce doubling since 2020 faces uncertainty, while reports hint at ongoing recruitment amid internal restructuring efforts.
In 2025, Tesla is planning to launch an affordable compact crossover electric vehicle, targeting the mass market. Speculation is growing that it may become Tesla's most competitively priced offering. The new model, codenamed "Redwood," is set for production by mid-2025, resembling a small crossover.