Tesla Senior Executives Leave in Midst of Global Job Cuts (3)

Two of Tesla Inc.’s top executives have left in the midst of the carmaker’s largest-ever round of job cuts, as slowing electric-vehicle demand leads the company to reduce its global headcount by more than 10%.

The cuts could reach closer to 20% in some divisions, two people familiar with the matter say.

In addition, Senior Vice President Drew Baglino resigned from the company, he said on X Monday, confirming an earlier Bloomberg report. Baglino had been one of just four named executive officers at Tesla, leading engineering and technology development for its batteries, motors and energy products.

WATCH: Two key executives leave Tesla.

Source: Bloomberg