Focus on the BIG picture.
Saturday, Sep 05, 2026

Tesla trails Ford and GM in revenue generated per worker

Tesla, led by Elon Musk, who is considering staff reductions, falls behind Ford and General Motors (GM) in the revenue generated per employee, according to the latest financial figures from US car manufacturers.
While Tesla earned nearly $97 billion last year, amounting to about $690,000 per employee for its workforce of over 140,000, GM surpassed this with $1 million per its 163,000 employees, and Ford followed closely with $937,000 per its 173,000 staff.

Amid concerns over slowing EV demand and heightened competition, Tesla has seen its growth projections decline for the year. To address costs, Tesla is scrutinizing the necessity of each job role, inciting worries about potential layoffs.

Despite these challenges, Tesla's shares saw a slight rise of more than 1% on Thursday, though its market value has dropped by over $180 billion in 2024, putting its current worth at $603 billion, slightly more than semiconductor giant Broadcom.

Tesla's profit margins, previously a strong suit, hit a low in the December quarter not seen since 2019, even as its quarter revenue increased by 3% to $25.17 billion, the least growth in over three years.

However, Tesla has improved revenue per employee from $637,000 in 2022 and expanded its workforce by 10% in 2023.

Tech giants on Wall Street have been shedding jobs acquired during the pandemic, releasing hundreds of thousands of workers in the past two years but still managing to boost sales.

Meta Platforms exemplified this trend by increasing quarterly revenue by 25% while cutting costs by 8%, after laying off more than 21,000 staff since late 2022.
Newsletter

Related Articles

0:00
0:00
Close
US Trade Representative Opens Intellectual Property Consultations With Trading Partners
US Government Accelerates Disposal of Underused Federal Property
White House Reviews Housing Affordability and Consumer Sentiment Data
US Health Department Begins Autumn Respiratory Virus Preparedness Campaign
US Small Business Administration Expands Rural and Agricultural Lending Support
FCC Announces New Spectrum Auctions and Rural Broadband Funding
NASA and International Partners Review Artemis Lunar Mission Plans
FAA Begins Air Traffic Control Upgrades as Passenger Volumes Rise
EPA Advances Review of Vehicle Emissions and Industrial Pollution Rules
US Agriculture Department Updates Beef Grading and Market Transparency Rules
US Homeland Security Maintains Enhanced Border Enforcement Amid Funding Talks
US Diplomats Engage Middle East Partners on Ceasefire and Post-Conflict Plans
Pentagon Reviews US Indo-Pacific Deterrence and Military Readiness
Data Center Growth Fuels State-Level Debate Over Electricity Demand
FBI and CISA Issue Updated Cybersecurity Guidance for Election Officials
US Supreme Court Faces Major Autumn Cases on Executive Authority and Voting Rules
US Expands Tariff Measures on Chinese Electric Vehicles, Batteries and Semiconductors
Federal Reserve Weighs Inflation and Labor Data Ahead of Rate Decision
US Jobs Data Shows Steady Hiring as Markets Watch Federal Reserve Outlook
White House Meets Major US Oil Companies as Fuel Prices Rise
Trump Nominates Retired Navy Captain Hung Cao as US Navy Secretary
US Justice Department Files Emergency Appeals Over Election Administration Rulings
Missouri Court Blocks Trump-Backed Congressional Map Ahead of Primary Elections
US House Censures Republican Congressman Chuck Edwards Over Sexual Harassment Findings
Federal Judge Extends Block on Trump Mail-In Voting Order Ahead of Midterms
White House Reviews Consumer Sentiment and Housing Affordability Pressures
Veterans Affairs Expands Healthcare Services and Electronic Health Record Modernization
US Government Accelerates Sale of Underused Federal Property and Office Modernization
US Health Department Prepares Hospitals for Autumn and Winter Respiratory Virus Season
Small Business Administration Expands Financing Support for Rural and Agricultural Firms
US Trade Representative Opens Intellectual Property Enforcement Consultations
IRS Operations Continue Uninterrupted Under Short-Term Federal Funding Bill
FAA Begins Air Traffic Control Upgrades and Expands Airline Safety Inspections
NASA and International Partners Review Artemis Lunar Mission Plans
FCC Prepares Spectrum Auctions and Broadband Grants for Rural Communities
US Energy Department Tracks Oil Markets and Strategic Petroleum Reserve Levels
EPA Reviews US Vehicle Emissions Standards and Industrial Pollution Rules
Senate Republican Campaign Committee Adjusts Strategy After Congressional Legislative Wins
House Democrats Center Midterm Campaign Message on Healthcare and Cost of Living
House Republicans Shift Midterm Focus to Border Security, Growth and Regulatory Policy
US Homeland Security Maintains Enhanced Border Enforcement Amid Funding Debate
US Diplomats Pursue Middle East Ceasefire, Governance and Normalization Talks
Pentagon Reviews US Indo-Pacific Deterrence and Allied Military Readiness
US Agriculture Department Announces Beef Grading and Country-of-Origin Transparency Measures
Trump Signs Executive Orders Supporting US Ranchers and Meat Producers
FBI Issues New Election Security Guidance on Foreign Interference and Cyber Threats
Democratic State Attorneys General Secure Extended Court Protection for Mail-In Voting Procedures
Whistleblower Warns Proposed Postal Ballot Rules Could Delay or Reject Legitimate Votes
Federal Reserve Weighs Inflation and Jobs Data Ahead of Next Interest Rate Decision
Strong August US Jobs Report Shows Robust Private-Sector and Manufacturing Hiring
×