Tesla has grown incredibly quick, all while essentially having the electric car market to themselves. That is no longer true---their market share will inevitably shrink, because it has nowhere to go but down. If the overall market growth slows---say, because of inflation and a recession---then this could be a problem for a company that has been staffing for breakneck growth and now sees that growth flattening. I'm not saying Tesla is going bankrupt, but I do believe that having two major competitors beat it to market in a strategic segment like trucks is a problem for Tesla, they are seeing that problem play out in projected sales, and they are trimming the payroll to rightsize for more challenging conditions.