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Tesla is also going to lay off staff? Tesla CEO Elon Musk released an internal email on June 2 local time saying that the company needs to cut 10% of its workforce and suspend global hiring, according to media reports such as Reuters and the financial union news agency. "I have a very bad feeling about the economy," Musk said in an email titled "suspending global hiring". "

It is not known whether Musk's claimed layoffs involve the Chinese region, but Tesla only recently launched a round of recruitment of a large number of technology research and development personnel in the country. On May 22nd, Tesla recruitment WeChat announced that the R & D and Innovation Center in Lingang (600848) in Shanghai was recruiting technical R & D. the positions involved include more than 100 positions in vehicle software, hardware design engineering, power & energy engineering, vehicle engineering and other fields.

As to the question of whether recruitment at Tesla's Shanghai R & D and Innovation Center will be suspended, a Tesla Chinese customer service worker replied to the Daily Business News: "at present, we have not received any notice about layoffs and recruitment suspension." In addition, Tesla China recently released information about recruiting store managers in southwestern regions, including Chengdu, Kunming, Chongqing and Guiyang. The customer service staff also responded to the reporter, "has not received the relevant notice about layoffs and recruitment suspension."

As of press time, Tesla had no comment on the above news. Or affected by the news, Tex Latin American stocks fell nearly 3% before trading.

According to Tesla's annual financial statements filed with the Securities and Exchange Commission (SEC) in February, Tesla had 99290 employees worldwide by the end of 2021, meaning that if Tesla laid off about 10 per cent, that would mean nearly 10, 000 employees would be out of work. Public data from Tesla show that since 2010, Tesla's team has been in a state of rapid expansion. From 2019 to 2021, the number of Tesla employees was 48016, 70757 and 99290 respectively. Tesla recruited 28533 employees worldwide, a sharp increase of 40.3%. The sharp expansion of Tesla's staff between 2020 and 2021 is mainly due to expansion in the Chinese and European markets.

Tesla's staff size over the years

This time Tesla was exposed that layoffs were made without warning. On the evening of May 31, US Eastern time, Musk issued a "mandatory attendance order" to his employees. "everyone in Tesla must stay in the office for at least 40 hours a week," Musk said in an email with the theme "No longer accepting telecommuting". If you don't show up, we'll think you've resigned. The higher your level, the more obvious your presence must be. That's why I often live in factories so that people on the production line can see me working with them. If I hadn't done so, Tesla would have gone bankrupt. " After the release of this email also caused the dissatisfaction of many employees, some employees said: "if there is a wave of large-scale turnover, how will Tesla complete the project?" I don't think investors will be happy about this. " At the same time, Musk's move was interpreted by the market as a "disguised layoff" by letting employees go to work.

As for Musk's view of the "bad economy", as early as the end of last year, Musk said on Twitter that if history can be used for reference, then most people will not be able to survive the next recession, which will come in the spring or summer of 2022 or no later than 2023 at the latest.

Asked on May 26, "do you think we are approaching a recession", Mr Musk replied on Twitter: "Yes, but I think it's actually a good thing", which he said is good for survival of the fittest. Asked "how long do you think this recession will last?" Musk said, "based on past experience, it will take about 12 to 18 months. Companies that are essentially negative cash flow, that is, value destroyers need to die so that they can stop consuming resources. "

Tesla's total revenue in the first quarter of this year was $18.756 billion (120.2 billion yuan), up 81 percent from a year earlier, according to data. Net profit attributable to shareholders was $3.318 billion (21.28 billion yuan), up 658% from a year earlier. The gross profit margin of cars was 32.9%, an all-time high. Tesla said at the time that the company's revenue growth was partly due to an increase in the number of cars delivered by Tesla and an increase in average sales prices.

In terms of sales volume, Tesla delivered 310048 cars in the first quarter, an increase of 68 percent over the same period last year, of which Tesla Shanghai Super Factory delivered 182174 vehicles (59846 in January, 56515 in February and 65814 in March). Accounting for 58.76% of Tesla's total global market share, it is Tesla's first single market in the world.

In April this year, Tesla's April sales were hit hard by the epidemic and supply chain factors. Data show that Tesla sold only 1512 vehicles in April, down 94.15% from a year earlier and 97.70% from a month earlier. The sharp decline is mainly due to the impact of the epidemic in Shanghai. Tesla's Shanghai factory stopped production in April until April 19 before resuming production.

As for this year's sales target, Musk said on a conference call in the first quarter that Tesla is estimated to be able to produce 1.5 million cars this year and 930000 vehicles and 936000 vehicles for the whole of 2021. At present, although Tesla has resumed production, under the continuous influence of epidemic prevention and control and the supply of spare parts, Tesla's production speed is still relatively slow in the short term, and it will take a long time to climb the slope if he wants to return to the pre-epidemic level.

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