CEO Elon Musk told workers about the cuts Friday in a letter that Tesla posted online. The company will only retain the most critical temps and contractors, Musk said.
Must wrote in the letter that Tesla is "up against massive, entrenched competitors" and must work "much harder than other manufacturers to survive while building affordable, sustainable products."
"To those departing, thank you for everything you have done to advance our mission," he said. "I am deeply grateful for your contributions to Tesla."
Tesla (TSLA) shares fell 4% in premarket trade. In June 2018, the carmaker laid off 9% of its staff.
This is a developing story.
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