Elon Musk reportedly emailed Tesla staff announcing hundreds of layoffs and reiterating the need to be 'absolutely hard core' with cost cuts and staff reductions.
Musk called for the resignation of any exec who kept more than three direct reports who aren't stars.
Musk announced the departure of two executives at the company and additional job cuts.
Tesla reported an 8.7% year-over-year revenue drop for the first quarter.