According to Bloomberg News, the electric vehicle company Tesla is reportedly cutting off some employees at its Shanghai plant who produce batteries.

As of the report’s publication on Friday, it was unknown how many employees exactly were affected by the layoffs and what factors exactly led to them.

It is significant to note that Tesla presently employs about 20,000 people at its Gigafactory Shanghai, which is the company’s biggest and most productive operation.

These employees are involved in various aspects of production, including assembly for popular models such as the Model Y and Model 3.

In a separate development, Tesla announced on Friday that it would provide a cash bonus to new buyers of its top-selling electric vehicles in China.

These employees are involved in various aspects of production, including assembly for popular models such as the Model Y and Model 3.

In a separate development, Tesla announced on Friday that it would provide a cash bonus to new buyers of its top-selling electric vehicles in China.

The cash rebate, amounting to nearly $500, will be given to customers who can provide a referral from an existing owner. This move by Tesla intensifies the price war in China, which happens to be the world’s largest market for electric vehicles.