Tesla to Lay Off 9% of Its Workers

Tesla announced Tuesday it planned to lay off up to 9% of its workforce, a move that could eliminate roughly 3,700 employees.

In a companywide email, chief executive Elon Musk described the decision as “restructuring” and said it would affect only salaried employees—not the factory workers building its next fleet of Model 3 electric cars.

“Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job