Tesla just lost S$616 million due to the ongoing cryptocurrency crisis, announced last month that its new plants are losing billions of dollars, and fired its country manager in Singapore in a round of job cuts—but if you’re looking for a new job, you may just want to apply.
At least seven openings for Tesla in Singapore have been listed on LinkedIn, including positions in sales, marketing, operations, delivery, and project management. The company’s job listings in Singapore may be found here.
This comes just weeks after Mr Christopher Bousigues, who Tesla hired in June 2021 to be its first country manager in South East Asia, announced that his role was “eliminated” as of June 12.
Early in June, Tesla CEO Elon Musk said in a leaked email that he had a “super bad feeling” about the economy and needed to cut around 10 per cent of salaried staff. He also told executives to “pause all hiring worldwide.” One of the jobs that reached the chopping block was that of the Singapore country manager.
“Tesla announced a 10% of workforce reduction. My role was chosen to be eliminated as of today,” Mr Bousigues wrote in a LinkedIn post on June 12.
A July 5 Bloomberg report quoted the company as saying that it sold 254,695 cars around the globe earlier this year.
Late last month, Mr Musk said in an interview with the Tesla Owners of Silicon Valley that the firm’s new factories in the United States and Germany are “losing billions of dollars” because of battery shortages as well as supply disruptions in China.
“There’s a ton of expense and hardly any output,” he said.
The CEO characterised its plants in Texas and Berlin as “gigantic money furnaces” and also spoke of impending job cuts.
”Both Berlin and Austin factories are gigantic money furnaces right now. It’s really like a giant roaring sound, which is the sound of money on fire,” he added.
But this is not his only woe.
A Telegraph report on July 3 said that the sharp decrease in the value of Bitcoin caused the company a S$616 million write-down on the holdings of the cryptocurrency, which had lost a significant portion of its value.
Tesla bought US$1.5bn worth of Bitcoin in early 2021, but after Bitcoin’s value sank to an 18-month low, the company’s investment also shrank. /TISG
Tesla fires Singapore country manager after Elon Musk warns of cutting 10% salaried staff