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Capital & Main
Capital & Main
Marcus Baram

Elon Musk’s Slash-and-Burn Approach Is Bound to Cause Mayhem, Efficiency Experts Say

CEO of Tesla and SpaceX Elon Musk leaves the stage holding a chainsaw after speaking at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on February 20, 2025 in Oxon Hill, Maryland. Photo by Andrew Harnik/Getty Images.

Tesla workers at the automaker’s massive factory in Fremont, California, are all too familiar with CEO Elon Musk’s efficiency approach that he’s now using to slash government programs as one of the most powerful members of President Donald Trump’s administration.

Back in April, Musk cut Tesla’s workforce by 10%, informing workers in a late-night company-wide email. The layoffs came in the wake of an 8.7% year-over-year drop in revenue at the automaker. 

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