What?
Tesla has put a freeze on hiring in North America after massive layoffs, with only three training programs available for potential future employees. The hiring slowdown follows a significant reduction in the workforce and calls into question Tesla’s plans for future models.
Why does it matter?
The hiring freeze raises concerns about Tesla’s ability to launch multiple affordable EVs by mid-2025 as promised by Elon Musk. The sudden halt in hiring also indicates potential challenges in maintaining a sufficient workforce for upcoming projects. Additionally, the impact of China’s connected cars on national security is being investigated, with possible extreme actions against Chinese vehicles on the table.
How is it going to shape the future?
The hiring freeze at Tesla and the national security concerns surrounding Chinese connected cars highlight the complexities and uncertainties in the automotive industry. As Ford reconsiders its plan to go all-electric in Europe by 2030, the landscape of the automotive market continues to evolve, posing challenges and opportunities for industry players. The shift towards electrification and the influence of geopolitical factors on car manufacturing and sales will likely shape the future of the automotive industry in significant ways.
Source: https://insideevs.com/news/719111/tesla-hiring-freeze-layoffs-critical-materials/