Is Tesla Done Downsizing? New Job Openings In Sales, Vehicle Service, Energy Storage Signal Growth Strategy Shift

Anan Ashraf

June 11, 2024

EV giant Tesla Inc (NASDAQ:TSLA) is now hiring for several roles across categories including energy storage, manufacturing, sales and customer support, and vehicle service.

What Happened: Tesla announced its decision to lay off a significant portion of its global workforce in April and subsequently halted the hiring process.

However, Tesla’s career page now shows multiple openings at the company across categories. The company now has openings for field service technicians for its energy storage segment as well as an opening for a Megapack sales engineer based out of Palo Alto.

The company has also listed several openings in the manufacturing category based out of Nevada, California, and Texas, including several openings focussed on the Megafactory in Lathrop, California, where the company manufactures its megapack energy storage product.

Other openings are mostly for sales and customer service and vehicle service.

Why It Matters: Tesla removed nearly all job listings in North America after announcing a 10% reduction in its global workforce in April. The layoffs are expected to impact at least 14,000 workers including executives across the company's different segments.

The company resumed hiring in North America in late May with job openings in the field of autopilot and robotics involving mostly work on the company's self-driving and AI infrastructure efforts in Palo Alto, California.

The new openings suggest the company is also looking to ramp up its sales and energy storage business segment in addition to its vehicle autonomy efforts.

Tesla reported an 8.5% year-on-year decline in first-quarter deliveries with 386,810 vehicles delivered across the world. This was the first time Tesla reported a drop in deliveries in about four years since the second quarter of 2020 when the COVID-19 pandemic halted production efforts. However, Tesla CEO Elon Musk is optimistic that Tesla will have higher sales in 2024 compared to 2023 when it delivered 1.8 million cars.

Meanwhile, in the energy segment, Tesla deployed 4,053 MWh of energy storage products in the first quarter, representing its highest quarterly deployment to date and a year-on-year increase of 4.2%. Musk in April said that the demand for its stationary energy storage products is “super high” and hinted that the company might make more batteries for energy storage than cars in the long term.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More: Former Tesla Exec Says Traditional Dealership Model ‘Would’ve Ended’ Company: ‘Existential Threat To EVs’

Image via Shutterstock

Recommended

The Nanotech Startup on a Mission to Save Millions of Lives - Ad

Warren Buffett's "Mystery Stock" - Ad

Google CEO: This Is likely Bigger Than Electricity - Ad

Popular

Top 3 Financial Stocks That May Crash This Month

As of June 24, 2024, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

This Election Shocker Could Be Worse Than Trump's Conviction

This Election Shocker Could Be Worse Than Trump's Conviction - Ad

Former advisor to the CIA, the Pentagon and the White House Jim Rickards just dropped this Trump election bombshell. For the sake of our country...I hope he's wrong. Because if he's right, you need to prepare now.

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Vladimir Putin's daughters are making public appearances as the Russian president contemplates his legacy.

Trump Vs. Biden: Latest Poll Reveals Clear Impact Of Ex-President's Conviction On Voters In Tightly Contested Race

Ahead of the 2024 presidential election, former President Donald Trump has seen a decline in support following his recent conviction.

A Silent Invasion of America

A Silent Invasion of America - Ad

America's southern border is in chaos, but a more alarming invasion is occurring nationwide. This unprecedented event will reshape the country dramatically, equating to 300 years of change in just 24 months. I've discovered startling facts that every American must know before it's too late.

Donald Trump Ally Kari Lake Sparks Controversy With Speech In Front Of Confederate Flag: 'They Stole Our Government'

Republican Senate candidate Kari Lake sparks controversy by speaking in front of a Confederate flag, echoing debunked election fraud claims.

From Nvidia's Stock Split, Intel's Revitalized AI Strategy To Tesla's Chip Saga: This Week In The World Of AI

Industry giants Nvidia and Intel made major moves this week, including a 10-for-1 stock split and new AI chips. Foxconn also predicts AI server sales surge.

5 Wall Street Legends Just Bought This One Stock

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Cybersecurity Provider CrowdStrike And These 2 Companies Make The Cut For S&P 500 Inclusion, Palantir Misses Out Yet Again

Palantir was once again overlooked, while an asset manager and two tech companies were deemed worthy of being added to the prestigious index.

World Bank approves a $1 billion loan for Pakistan's key hydropower project

ISLAMABAD (AP) — The World Bank said Tuesday it has approved $1 billion for the construction of Pakistan's biggest Dasu hydropower project, which is being built in the country's northwest with China's help.

After Conviction, There Could Be More Bad News for Trump

After Conviction, There Could Be More Bad News for Trump - Ad

Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package

DETROIT (AP) — If Tesla shareholders approve an all-stock compensation package for CEO Elon Musk , it would almost guarantee he would remain at the company he grew to be the world leader in electric vehicles, shifting to AI and robotics including autonomous vehicles, which Musk says is Tesla's future.

AES' Kuihelani Facility: Biggest Solar Plant In Hawaii Flips the Switch on Clean Energy

The AES Corporation's AES Hawaii launched the Kuihelani Solar-plus-Storage facility, generating 60MW of renewable energy and reducing Maui's reliance on fossil fuels.

Where Buffett, Gates, and Bezos Are Investing Now

Where Buffett, Gates, and Bezos Are Investing Now - Ad

Billionaires are plowing millions of dollars into a new technology that early estimates say could generate more wealth than A.I. -- and determine the future of companies like Microsoft. The problem? Most investors have no idea it's happening, or how to profit on it. This expert just went public with all the details, including which stocks to jump on immediately.

Elon Musk Hails 'Diablo' As A 'Hall-Of-Fame' Game After Player Count Surpasses 100 Million

Elon Musk praised Blizzard Entertainment's "Diablo" series for surpassing 100 million players over its 27-year history.

Broadcom Shares Are Surging: What You Need To Know

Broadcom Inc. (NASDAQ: AVGO) shares are trading higher Monday afternoon. The significant rise follows the company's impressive second-quarter financial results, robust revenue guidance and the announcement of a 10-for-1 forward stock split.

America's 'Silent Invasion' - Is Your Town in the Crosshairs?

America's 'Silent Invasion' - Is Your Town in the Crosshairs? - Ad

A silent invasion is happening all over America. It has nothing to do with the border but will end with even more disastrous results. Why? A faceless entity is coming by air, rail, port, and highway. What does it mean for you and your money? There's still time to prepare, but you must act today.

Nvidia's Future Cash Flow Could Surpass Microsoft's, Investor Says: 'Blew My Mind'

Yuri Khodjamirian, the Chief Investment Officer at Tema ETFs, highlighted Nvidia's potential for long-term success. He pointed to the company's projected free cash flow over the next two years, which is expected to exceed that of Microsoft Corp.

Puerto Rico restores power after a massive blackout as lawmakers call for a state of emergency

BAYAMÓN, Puerto Rico (AP) — A power company in Puerto Rico announced Thursday that it has restored electricity to most areas affected by a .

Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too."

Wall Street Legend on Economy: "If you knew what I know, you'd be terrified too." - Ad

Something huge is headed to America's shores -- and it scares the hell out of Wall St. legend Louis Navellier. When it makes landfall, its impact will be more violent and more severe than any financial crisis we've ever seen... "No matter how prepared you think you are, you aren't prepared enough," he warns.

GOP-Controlled House Strips Cannabis Banking Protections From Government Spending Bill In Blow To Legal Marijuana Industry

House Republicans remove cannabis banking protections from funding bill due to concerns within party. Debate continues over legalization.

What's Going On With BioRestorative Therapies Stock?

BioRestorative Therapies shares are trading higher Monday after the company announced it has received notice from the Nasdaq Stock Market that it has regained compliance with listing requirements.

Buy This Sub-$5 Play on His Final Masterpiece

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

XPeng's Flying Car Takes Off In China, Aims For Commercialization By End Of The Year

China's XPeng Inc. successfully showed off its flying car, the X2, at a trade fair, signaling a push towards commercialization in the low-altitude economy.

Massachusetts on verge of becoming second-to-last state to outlaw "revenge porn"

BOSTON (AP) — A bill aimed at outlawing “revenge porn” has been approved by lawmakers in the Massachusetts House and Senate and shipped to Democratic Gov. Maura Healey, a move advocates say was long overdue.

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1%

Wall St. Icon: Looming Financial Tsunami Will Wipe Out the 1% - Ad

Wall Street icon who forecasted Black Monday and dot-com crash says a new economic event will hit the American economy like a tsunami. It doesn't matter if you're blue collar, white collar, working, or retired. He says, "I am literally afraid for my family's future. I'm taking drastic steps to prepare for what I know will inevitably happen next."

How These 2 Nasdaq-Listed Marijuana Companies Found A Way To Raise $250M Without Tanking Their Stock

This week's Viridian Valuation Tracker investigates the valuation metrics of Canadian cultivation and retail companies with market caps over $100M.

Florida jury finds Chiquita Brands liable for Colombia deaths, must pay $38.3M to family members

Banana giant Chiquita Brands must pay $38.3 million to 16 family members of people killed during Colombia's long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided.

Collect 10%+ Dividends From AI's Explosive Growth?

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

Trump's Niece Says Ex-President 'Not Somebody Who Should Go Anywhere Near Levers Of Power,' Slams Media Coverage Of His Vegas Rally

The media sees its role as translating Donald Trump to make him palatable to people, who aren't watching the rallies, said Mary Trump.

Edward Snowden Takes A Jab At Elizabeth Warren's Anti-Bitcoin Stance Through The Infamous 'We're All Going To Die' Remark Broadcast On China-Controlled TV

Renowned whistleblower and privacy advocate Edward Snowden poked fun at Senator Elizabeth Warren (D-Mass.) for her anti-Bitcoin (CRYPTO: BTC) stance by comparing it with the bizarre perspective of the Chinese Communist Party.

America's No. 1 AI Dividend Stock Revealed

America's No. 1 AI Dividend Stock Revealed - Ad

Marc Lichtenfeld has just gone public with his No. 1 AI dividend stock. in his new "AI Income Playbook", you'll discover why this firm has become Marc Lichtenfeld's "No. 1 AI dividend stock"... Including its name, ticker symbol, and a full breakdown of its AI profit potential.

With deal done, Disney will withdraw lawsuit, ending conflict with DeSantis and his appointees

ORLANDO, Fla. (AP) — Now that Disney and Florida Gov. Ron DeSantis' appointees to a governing district have reached a deal on over the next two decades, the company plans to ask that its be dismissed, ending the last piece of conflict between the two sides.

Paramount's Parent Attracts Bids from Bronfman Jr and Steven Paul

Paramount Global's National Amusements, controlled by Shari Redstone, is attracting interest from former exec Edgar Bronfman Jr. and Hollywood producer Steven Paul, as it faces challenges and potential mergers. Warren Buffett sold its stake, while Sony and Apollo were previously interested. Stock trading lower.

Wall St. Legend: Millions of Americans About to Fall Out of the 1%

Wall St. Legend: Millions of Americans About to Fall Out of the 1% - Ad

Wall Street insider reveals the financial tidal wave about to knock millions of Americans out of the One Percent. Predicts it will be far worse for everyone else. Warns EVERYONE to seek higher ground now!

Does 'Sell In May And Go Away' Work For Bitcoin? This Researcher Crunched The Numbers

Crypto researcher TradeTheFlow challenged the prevailing notion that summer is a dull period for cryptocurrency markets, particularly Bitcoin (CRYPTO:

Biden Vs. Trump Matchup In Key Swing State Of Arizona Shows One Candidate Pulls Ahead With Appreciable Lead, But This Demographic Could Tip The Scale For Either Candidate

The 2024 election is shaping up to be one of the most closely contested, even though neither of the presumptive candidates inspires much confidence among voters.

The Tiny Tech Disrupting the $28.4B Hospital Infection Epidemic

The Tiny Tech Disrupting the $28.4B Hospital Infection Epidemic - Ad

Hospital-acquired infections are a silent killer, but one small company's nanotechnology could put an end to this costly crisis. Their proactive approach is turning heads in the healthcare industry.

Dog fight! Joey Chestnut out of July 4 hot dog eating contest due to deal with rival brand

NEW YORK (AP) — America’s perennial hot dog swallowing champion won’t compete in this year’s Independence Day competition due to a contract dispute, organizers said Tuesday.

Trending Now

Donald Trump Isn't A Convicted Felon Just Yet And Can Still Pursue These Options To Fight Damning Verdict, Says Yale Law Professor

Tesla 'Not Going To Grow This Year,' Says Bernstein Analyst: Maintains 'Underweight' Rating While Noting That Elon Musk's Pay Package Approval Will Bring 'Relief Rally'

Musk Urges Tesla Shareholders To Vote, Says Too Much Of The Stock Market Is Controlled by ISS And Glass Lewis: 'Zero Economic Alignment With Actual Shareholders'

Ethereum Spikes, Bitcoin, Dogecoin Stay Choppy As Market Celebrates Legal Win Against SEC: King Crypto Could Bounce 80% Over Next 2 Weeks, Says Analyst