Tesla is laying off 7% of its employees, according to an email Elon Musk sent to workers, which was published on the company’s website.
The job cuts will impact more than 3,000 members of staff after Musk said last year that the electric carmaker had a workforce of 45,000 people. It follows a similar round of layoffs in June last year.
Tesla shares were down around 8% in premarket trading.
