Tesla's layoffs show the company needs to cut costs and move toward making some cheaper options. European deliveries can offset demand in the next few months, says one analyst.
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Tesla to slash workforce by 7 percent, plans to increase Model 3 productionSaying the road ahead was “very difficult,” Tesla’s CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.
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Tesla to Slash More Jobs in Effort to Reduce Model 3 PriceElon Musk’s Tesla is cutting its full-time workforce by 7% as part of an effort to lower costs so the company can sell the Model 3 sedan at a lower price, the chief executive told employees.
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Tesla warns on Q4 profit, cuts jobs to pull down Model 3 priceElectric-car maker Tesla Inc. will cut “approximately” 7% of its full-time workforce and warned that Q4 profit won’t meet the performance of Q3, CEO Elon Musk said in an update Friday.
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