In response to previous media reports that "Tesla is laying ...

In response to previous media reports that "Tesla is laying off 10% of its workforce", Musk also gave an explanation on Tuesday, saying that in response to the current economic situation in the US, Tesla will lay off about 10% of its regular employees and hire more hourly workers. Overall, the impact of this layoff on the company's overall workforce will be around 3.5 percent. This past weekend, two former Tesla employees filed a lawsuit arguing that the company was involved in "mass layoffs" and violated federal labour laws.
In addition to the planned layoffs, Tesla shares closed up 9.35% on Tuesday, driven by positive news about AI bots and the smooth progress of the Twitter deal.