Tesla Job Cuts 2024 Model 3. Tesla began to acknowledge earlier this year that 2024 growth might be “notably lower” compared to the prior year. Tesla (tsla), in a bid to control costs to prepare for its next phase of growth, announces the layoff of 10% of its workforce.

Tesla faces increasing competition in china in a fierce price war with rivals led by byd, slowing sales in the united states, as well as high investment costs in new models and. The company has said it’s between two waves of ev growth.