AutoBeta(AutoBeta.net)06/14 Report--

After Tesla CEO Elon Musk announced that he would cut jobs worldwide for a week, Tesla has fired Christopher Bousigues, the Singapore-based regional manager, according to a number of media reports on June 13. Meanwhile, in an internal memo from Tesla, Mr Musk asked "employees to redouble their efforts". Musk said the second quarter of 2022 was a "very difficult quarter" for Tesla because of supply chain shortages, so he called on employees to work harder to help the company get back on track.

Local time 12, Tesla Singapore regional manager Christopher Bousigues posted on social media that his position in Tesla has been "cancelled", but he did not mention the specific reasons for his dismissal, but said it was related to Musk's recently announced layoffs. Bousigues says he is Tesla's first regional manager in Southeast Asia. During his year as manager in Singapore, he and his team "built the business from scratch". Achievements in Tesla include the establishment of two exhibition halls, a service center and the launch of Tesla Model Y in Singapore last week.

As of press time, Christopher Bousigues and Tesla have not publicly explained the dismissal, and there is speculation that due to the high price of Tesla in Singapore, "a standard continued flight version of Model Y costs S $91000 (about 440000 yuan for the people) there, and reaches S $142000 (about 680000 yuan for the people) after taking into account all kinds of taxes and fees." the sales performance is mediocre. As a result, there is no need for a large number of teams and dedicated executives to operate and manage. After Tesla cuts the post, Tesla will have no regional manager in Singapore, and Tesla's Hong Kong office will manage business in Singapore, the source said. The report quoted Singapore data as saying that 924 Tesla cars were registered in Singapore in 2021, compared with 190 from January to May this year.

"I have a very bad feeling about the economy," Musk said in an email titled "suspension of global hiring" on June 2, according to previous reports from the auto industry. " In the email, Mr Musk said Tesla needed to cut 10 per cent and suspend global hiring. After the news, Tesla's share price fell more than 10% in intraday trading that day, and finally closed down 9.22%. On the news of the layoffs, Tesla, a relevant person in China, said that there was no reply to the suspension of recruitment for the time being. On June 5, an unverified Twitter account posted that Tesla's employee number would increase in the next 12 months. In response, Tesla Musk replied: "Tesla's total number of employees will increase in the next 12 months, but wages should be quite stable." On June 10, several media reported that Tesla China had cancelled three online recruitment events involving sales, R & D and supply chain positions scheduled for June 16, 23 and 30 in China, but the reasons for the cancellation were not given.

Tesla had 99290 employees worldwide as of the end of 2021, according to Tesla's annual financial statements filed with the Securities and Exchange Commission (SEC) in February. If Tesla cuts about 10 per cent, that means nearly 10, 000 employees will lose their jobs. It is understood that Tesla launched two rounds of layoffs from the second half of 2018 to early 2019, with layoffs of 7 per cent and 9 per cent respectively. Since then, Tesla's team has been expanding rapidly. Public data from Tesla show that from 2019 to 2021, the number of Tesla employees was 48016, 70757 and 99290 respectively. In 2021 alone, Tesla recruited 28533 employees worldwide, an increase of 40.3%. Among them, the new jobs are mainly concentrated in Europe and China, that is to say, the number of Tesla employees has doubled since the end of 2019.

Tesla's staff size over the years

Or affected by the news such as layoffs, as of Monday's close, Tesla fell more than 7% to $647.21 per share. However, Royal Bank of Canada Capital Markets said: "Tesla's profit margins are likely to rise unexpectedly in the second quarter." 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, of which 182174 were delivered by Tesla Shanghai Super Factory, accounting for 58.76% of Tesla's total global market share, making it Tesla's first single market in the world. In April, Tesla's sales in China were hit hard by the epidemic and supply chain factors, delivering only 1512 vehicles in April. According to the latest data, Tesla sold 32165 vehicles wholesale in China in May, including 22340 for export and 9825 for domestic retail. Tesla sold a total of 215851 vehicles in China from January to May this year.

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