Tesla has announced that it is cutting more than 10% of its workforce worldwide, i.e. more than 14,000 employees. One of the company's top executives, Drew Baglino, is also stepping down, not because of the cuts, but possibly because of differences over Tesla's future strategy.

Recent discussions within the company reveal a potential change of direction, with increased focus on developing a robotic taxi at the expense of producing a more affordable vehicle. This strategic direction raises questions about the feasibility and prioritisation of projects at Tesla, particularly in relation to the company's ambitions for autonomous cars.

The downsizing comes at a time when Tesla is looking to cut costs in the face of a rapidly evolving global market for electric vehicles. This budget-cutting strategy is raising concerns among investors, particularly about the stability of management and the clarity of the company's strategic vision.

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