On April 15, 2024, Tesla, Inc. announced a company-wide restructuring that reduces headcount by more than 10% globally. Over the years, the company have grown rapidly with multiple factories scaling around the globe. With this rapid growth, there has been a duplication of roles and job functions in certain areas.

The company believe it is extremely important to look at every aspect of the Company for cost reductions and increasing productivity. This action will prepare Tesla for the company's next phase of growth, as the company is developing some of the most revolutionary technologies in auto, energy and artificial intelligence.