The company logo is pictured on a Tesla Model X electric car in Berlin, Germany on Nov 13, 2019. Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric vehicle maker's strategy to combat slowing demand and falling margins.
Tesla will cut 3,332 jobs in California and eliminate 2,688 positions in Texas, starting Jun 14, the notices showed. Shares of the Austin, Texas-based automaker were up about 2 per cent ahead of the company's first-quarter results that are due after markets on Tuesday , and set to break a seven-session losing streak that had dragged the stock down 19 per cent.
The global job cuts would include 285 employees at its Buffalo, New York premises that house the labelling team for its Autopilot driver assistance software that makes fast-charging equipment.