Financial Services Association, May 7 (Editor: Huang Junzhi) On Monday, the media quoted people familiar with the matter as reporting that the US electric vehicle manufacturer$Tesla (TSLA.US)$A new round of layoffs has begun, this time targeting the software, services, and engineering departments.

According to people familiar with the matter, some Tesla employees received an email last weekend as part of the company's large-scale layoff plan. Earlier, Tesla announced last month that it would lay off more than 10% of its global workforce and disband its electric vehicle charging division.

According to some sources, Musk originally wanted to lay off 20% of its employees because of a 20% drop in quarterly car deliveries. Eventually, he also emailed other executives telling them that if they didn't make a higher percentage of layoffs, the executives themselves would also be fired.

Musk gave several reasons for the layoffs. He first told employees that this was due to Tesla's rapid increase in the number of employees over the past few years, leading to inefficient recruitment and repetitive roles. He also told investors and employees that it was to “restructure for the next phase of growth.”

Tesla revealed in a notice last month that it will lay off more than 6,700 employees in Texas, California, Nevada, and New York. The layoffs include the departure of a large number of executives. The company also anticipates that large-scale layoffs will cost more than $350 million in the second quarter.

Tesla's stock price closed up 1.97% to $184.76 on Monday, but the stock has declined by about 26% so far this year.

As rising interest rates slow the popularity of electric vehicles, Tesla has been under pressure from declining sales and increased competition. Analysts say Tesla wants to focus on autonomous driving software, robot taxis, and the humanoid robot “Optimus (Optimus),” and Musk may cut expenses for some teams to reserve cash for these projects.

Racking my brain to save money

Recently, Tesla can be described as “racking up his brain” in order to save money. In addition to large-scale layoffs, last week it was reported that Tesla had abandoned plans to innovate in its pioneering gigacasting (gigacasting, hereinafter collectively referred to as “integrated die casting”) process.

“Integrated die casting” is a cutting-edge technology designed to die cast most of the bottom of an automobile body into a single whole by using a large press. And in a typical car, the bottom of the body is supposed to be made up of hundreds of individual parts. As a result, the technology was expected to completely change the way cars are manufactured, and Tesla has always been a leader in this field.

But now, Tesla is said to have stopped this innovative program and chose to return to the more traditional three-stage casting method. According to reports, Tesla's two new models, the Model Y crossover SUV and Cybertruck pickup truck, both use traditional three-stage casting methods.

In April of this year, Tesla also said it is developing “new models” that will use its existing platforms and production lines — a move that is expected to allow the company to better control capital expenditure.

Editor/Somer