Musk Lays off Tesla Senior Executives in Fresh Job Cuts

(FILES) A Tesla Model Y car stands in front of the company's plant as Tesla CEO Elon Musk visits the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage. (Photo by Odd ANDERSEN / AFP)
(FILES) A Tesla Model Y car stands in front of the company's plant as Tesla CEO Elon Musk visits the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage. (Photo by Odd ANDERSEN / AFP)
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Musk Lays off Tesla Senior Executives in Fresh Job Cuts

(FILES) A Tesla Model Y car stands in front of the company's plant as Tesla CEO Elon Musk visits the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage. (Photo by Odd ANDERSEN / AFP)
(FILES) A Tesla Model Y car stands in front of the company's plant as Tesla CEO Elon Musk visits the company's electric car plant in Gruenheide near Berlin, eastern Germany, on March 13, 2024, as employees resumed work after production had to be halted due to a suspected arson attack that caused a power outage. (Photo by Odd ANDERSEN / AFP)

Elon Musk has dismissed two Tesla senior executives and plans to lay off hundreds more employees, frustrated by falling sales and the pace of job cuts so far, The Information reported on Tuesday, citing the CEO's email to senior managers.
Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, will leave on Tuesday morning, the report said.
Musk also plans to dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said. It was not clear how many employees worked for Ho.
Tesla's public policy team, which was led by former executive Rohan Patel, will also be dissolved, the report said.
"Hopefully these actions are making it clear that we need to be absolutely hard core about headcount and cost reduction," Musk wrote in the email, the report said. "While some on exec staff are taking this seriously, most are not yet doing so."
Tesla, which had 140,473 employees globally as of end-2023, did not immediately respond to a Reuters' request for comment.
Ho joined Tesla in 2013 and was a program manager in the development of the Model S, the 3, and the Y before being put in charge of all new vehicles, while Tinucci joined in 2018 as a senior product manager, according to their LinkedIn profiles.
Two other senior leaders -- Patel and battery development chief Drew Baglino -- announced their departures earlier this month, when Tesla also ordered the layoffs of more than 10% of its workforce.
Tesla is grappling with falling sales and an intensifying price war, which led to its quarterly revenue falling for the first time since 2020, the company reported last week.
Musk made progress towards rolling out Tesla's advanced driver-assistance package in China, the epicenter of the EV price war, during a surprise visit to Beijing on Sunday.
That trip came just over a week after he scrapped a planned trip to India, where Tesla has long sought to start operations, due to "very heavy Tesla obligations."



Meta Plans to Invest $60 bn or More in AI this Year

A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
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Meta Plans to Invest $60 bn or More in AI this Year

A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)
A photograph taken during the World Economic Forum (WEF) annual meeting in Davos on January 19, 2025, shows the logo of Meta, the US company that owns and operates Facebook, Instagram, Threads, and WhatsApp. (Photo by Fabrice COFFRINI / AFP)

Meta chief executive Mark Zuckerberg on Friday said the tech giant plans to invest at least $60 billion in artificial intelligence in 2025, aiming to lead in the technology.
"This will be a defining year for AI," Zuckerberg said in a post on his Facebook page.

Zuckerberg expects Meta AI to be the top digital assistant, used by more than a billion people, and for the tech firm's Llama 4 to be at the forefront of AI models, according to the post.

Meta is creating an AI "engineer" to contribute computer coding to its research and development efforts, he explained.

Meta will construct a massive new datacenter to power its AI ambitions and is planning $60 billion to $65 billion in capital expenditures this year related to the technology, according to Zuckerberg, AFP reported.

"This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership," he said.

The post comes just days after US President Donald Trump announced a major investment to build infrastructure for artificial intelligence led by Japanese giant SoftBank and ChatGPT-maker OpenAI.

Trump said the venture, called Stargate, "will invest $500 billion, at least, in AI infrastructure in the United States."

But in a post on his social media platform X, Trump ally and tech tycoon Elon Musk said the main investors "don't actually have the money."

The comment marked a rare instance of a split between the world's richest man and Trump, with Musk playing a key role in the newly installed administration after spending $270 million on the election campaign.

Microsoft president Brad Smith, meanwhile, has gone on record saying the company was on pace this fiscal year to invest about $80 billion to build out AI datacenters, train AI models and deploy cloud-based applications around the world.

"The United States is poised to stand at the forefront of this new technology wave, especially if it doubles down on its strengths and effectively partners internationally," Smith said in an online post.