Tesla Inc. Cuts Over 1,700 Jobs at Berlin Gigafactory While Increasing Production
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Should l Buy TSLA?
Source: Benzinga
- Job Cuts: Tesla has cut over 1,700 jobs at its Berlin Gigafactory, despite previously denying such reports, indicating the company's strategic response to market challenges.
- Workforce Composition Change: Internal election documents from 2024 reveal a significant reduction in workforce from 1,788 women, 10,616 men, and 11 non-binary individuals to 1,683 women, 9,006 men, and 14 non-binary workers, highlighting major adjustments in human resources.
- Production Increase: Despite the layoffs, Tesla plans to ramp up production at the Berlin facility to meet vehicle demand across 37 markets, particularly following record Q3 deliveries, demonstrating the company's confidence in future market opportunities.
- Sales Decline: Tesla's sales in Europe fell nearly 50% last year, resulting in BYD surpassing it in market share, illustrating the pressures and challenges Tesla faces in an increasingly competitive environment.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to rise
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 381.630
Low
25.28
Averages
401.93
High
600.00
Current: 381.630
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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