The billionaire says that there is a ‘very difficult’ road ahead for the company. Musk took to his blog to explain the reasoning behind the…
The billionaire says that there is a ‘very difficult’ road ahead for the company.
Musk took to his blog to explain the reasoning behind the mass layoffs, saying it had been the “most challenging” year in the history of the company. The cutbacks announcement comes only one day after Tesla officially announced it would also be ending its customer referral program in the hopes that it would help reduce costs. The referral program previously allowed people to give their friends a code that granted them six months of free charging on Tesla’s Supercharger network. The program will come to an end on February 1.
Part of the turmoil Tesla experienced this year comes from the launch of the Model 3, which is the company’s first mass-marketed vehicle.
