GlobalData: Tesla Plans to Grow Employee Headcount to ~65,000 by Year-End

by Eva Fox September 30, 2020

GlobalData: Tesla Plans to Grow Employee Headcount to ~65,000 by Year-End

Featured image: GlobalData

The automotive industry is going through difficult times. Changing customer values ​​and preferences, coupled with the impact of COVID-19, have put pressure on all carmakers, affecting their ability to expand production and recruit new employees. However, Tesla--which truly brought S3XY back with the electric car movement--is at the forefront and continues to create more and more new jobs as it evolves.

In 2020, despite the pandemic, Tesla defied adversity and continued to hire employees at a higher rate than the industry average, GlobalData reported. According to the firm's job analytics database, recruitment in the global auto industry has largely remained unchanged throughout this period. Job vacancies declined in Q2 before showing signs of recovery in Q3 of 2020. However, Tesla continued to hire employees in Q1, with a slight decline in Q2.

David Leggett, the Automotive Analyst at GlobalData, comments: “Tesla has been outperforming a sector that has been hit hard by the pandemic. It is growing sales around the world and well placed to benefit from rapidly rising sales of electric vehicles. Crucially, it has a plant in China coming on stream to supply the world’s biggest market.”


Source: GlobalData

Aurojyoti Bose, the Lead Analyst at GlobalData, says: “In a bid to boost production capacity, Tesla is planning to increase its headcount to around 65,000 by the end of 2020, and is expanding its production footprint with Gigafactories across the world--notably in the US, China, and Germany. According to GlobalData, Tesla’s active hiring of operational employees in China is likely for staffing its Shanghai Gigafactory, from which the company plans to export vehicles across Asian markets such as Singapore, Australia and New Zealand, as well as Europe.”

In addition, Tesla is expanding its presence around the world, opening representative offices and service centers. This step makes it possible to hire new employees.

 



Along with its auto business, Tesla is also looking to expand into the energy generation and storage segments via batteries and solar shingles, as evidenced by an increase in hiring in New York and Nevada starting in Q3.

© 2020, Eva Fox. All rights reserved.

_____________________________

We appreciate your readership! Please share your thoughts in the comment section below.

Article edited by @SmokeyShorts, you can follow him on Twitter








Previous  / Next