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Tesla fires hundreds of employees over bad performance

17 October 2017

One month after Tesla lost its head of business development who wished to "spend more time with his family", and just weeks after the EV company's veteran battery technology director also unexpectedly quit amid a growing senior management exodus (full list at the bottom of this article), Tesla made a decision to even out the ranks on the bottom as well, and fired "hundreds of workers" this week, including engineers, managers and factory workers even as the company struggles to expand its manufacturing and product line, according to the Mercury News which first reported of the mass layoffs.

Workers who spoke to The Mercury News estimated that 400 to 700 employees were fired, although Tesla would not give a number. Tesla has said it is still growing its workforce worldwide.

The company has about 450,000 preorders of its Model 3 vehicles, but it only produced 260 Model 3s in the third quarter. Tesla continues to grow and employ new people from all over world "explained". Including its other models, Tesla expects to make about 100,000 vehicles this year.

The housecleaning swept out employees in administrative and sales positions, outside of manufacturing department.

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The firings were wide-ranging, and are said to have included managers. "We don't know how high up it went", said the former assembly line employee.

Big Picture: Reports of layoffs at Tesla, plus an analyst's projection steeper losses this year, sent the company's shares down a bit on Monday. That production surrounds the Model 3, the company's first mass-market vehicle, for which Musk has set an aggressive production schedule - one the company has not kept pace with.

The company noted that there are "no fundamental issues with the Model 3 production or supply chain" and said that company officials understand "what needs to be fixed".

Musk also has delayed the introduction of self-driving semi-truck to November to focus on getting Model 3 ready for delivery to waiting customers.

Tesla fires hundreds of employees over bad performance