According to Tesla's US official website, the price of Tesla Model Y has been reduced to $42990, the price of Model Y long-lasting version has been reduced to $47990, and the price of Model Y high-performance version has been reduced to $51490. Tesla Model S fell to $72990 and Model S PLAID dropped to $87990. The price of Tesla Model X dropped to $77990, and the price of Model X PLAID dropped to $92990.

Recently, Tesla CEO Elon Musk tweeted that he was not optimistic about the economic situation. Tesla needs to lay off about 10% of his staff and will suspend global recruitment.

According to Tesla's current situation,Realmoneyslots14% of global staffRealmoneyslotsThe total number of layoffs is estimated at 14500, which is expected to be Tesla's largest layoff since 2017.

It is reported that the scope of Tesla's layoffs is not limited to North America, Europe and Asia are also involved. Among them, in the Chinese market, the scope of layoffs involves a number of departments, some of which have been laid off.

'After years of development, Tesla has large-scale production plants around the world, 'Mr. Musk said in an internal email.' in the process of rapid development, we have found overlap in the responsibilities of some positions, 'Mr. Musk said in an internal email. In order to better meet the next stage, we need to re-examine all aspects of the company's operations, reduce costs and increase productivity.

"I hate this decision very much, but it is a decision that must be made to make us slimmer, hungrier and more efficient in facing the next phase of challenges." Marc said.

Behind the price cuts and large layoffs, it reveals the reality that Tesla is under pressure. According to the sales data for the first quarter of 2024 just released by Tesla, the company delivered a total of 386800 vehicles worldwide during the reporting period, down 8.5% from the same period last year and 20.2% from the fourth quarter of last year, the lowest in the past five quarters. This is also the first time that Tesla's quarterly sales have fallen below the 400000 mark since the third quarter of 2022.

Tesla attributed the decline in sales to the rejuvenation of Model 3, shipping diversion caused by the Red Sea crisis and arson damage to German factories.

Wall Street does not seem to buy this explanation. Recently, analysts from about 15 institutions lowered their 12-month price target for Tesla.

Analysts at Deutsche Bank said Tesla's Q1 delivery figures were well below Wall Street's minimum expectations of 414000 vehicles. Moreover, the gap between delivery and production confirms that "there may be serious demand problems beyond known production bottlenecks".

Affected by the above news, Tesla's share price has plummeted recently. so far, Tesla's share price has closed at $147.05, down about 14 per cent this week and more than 40 per cent so far this year. The latest total market capitalization is $468.3 billion, more than $300 billion (more than 2 trillion yuan) compared with the end of 2023.