CEO Elon Musk reportedly wrote in an email to employees that after reviewing its workforce, the electric-vehicle maker found that duplicate job functions had been added over the past few years as Tesla’s factories grew. At the end of last year, Tesla employed 140,473 staff. (Electrek)

Talking point: In the memo, Musk said that Tesla was preparing for its “next phase of growth.” The company appears to be shifting its strategy towards a new robotaxi product, while other firms are reassessing their EV ambitions. Companies like Ford, Apple and Rivian are all laying off workers, or delaying or cancelling EV projects, as EV sales growth is being tempered by high interest rates and consumers’ lingering concerns about charger availability. Tesla, which disbanded its press-relations team in 2020, did not respond to The Logic’s request for comment on whether the layoffs impact its Canadian workforce, which stood at about 1,300 in 2022.  Tesla shares fell more than five per cent on the Nasdaq on Monday.