Tesla Intensifies Job Cuts in China Amid Global Market Pressures

As sales falter in the competitive EV market, Tesla slashes jobs and scales back global operations, impacting thousands.

Tesla's layoffs in China target a wide range of departments, from customer service to engineers, as part of an effort to regain market share.
Global slowdown in EV demand prompts Tesla's largest layoffs, with significant cuts at the Shanghai plant affecting production.
Tesla discontinues thousands of job postings in North America, leaving only limited roles open amid a hiring freeze.
Financial pressures and intense competition in China see Tesla's market share drop from 10.5% to 7.5% in the first quarter of 2024.
Despite layoffs, Tesla secures approval for its driver-assistance system in China, potentially boosting revenue.