Tesla fires hundreds of employees a week after major profit slump

Elon Musk is eliminating the Tesla teams responsible for building electric vehicle charging stations in a new round of layoffs announced in an email on Monday.

The Information, an online newsroom focused on the technology industry, was the first to report the news. Additionally, Musk said that two executives: Rebecca Tinucci, senior director of the Supercharger group and Daniel Ho, head of new products, would be leaving the company effective Tuesday morning.

The decision leaves the future of electric vehicle charging stations hanging in the balance and could have ripple effects across the electric vehicle industry.

The decision will impact hundreds of employees.

Mr Musk, the company’s chief executive, recently made deals with Ford Motor and General Motors that would allow vehicles manufactured by other entities to use their supercharger stations.

Nearly all key players in the auto industry have made plans to switch the hardware and software in their vehicles to be compatible with the chargers. The company is not likely to stop being the chargers altogether.

Some of the company’s employees announced they’d been laid off in social media posts.

The company had recently reported a 55 per cent drop in its first quarter profit. As of Tuesday afternoon, Tesla stock dropped five per cent. Earlier this month, stock dipped below $150 per share, effectively wiping out all of the gains made in the last year.

George Bahadue, a senior manager for site acquisition and business development in commercial charging expressed his regret over the decision in a LinkedIn post.

“To the Supercharger team, this is not the end,” he wrote. “It is the start of a new chapter. “Keep your chins up and hold your heads up high.”

Earlier this month, Tesla discounted five of their models by $5,000 in an effort to get more people to buy their vehicles after a sales slump.

In a statement posted to

This is a developing story…