Start United States USA — IT Tesla is cutting thousands of jobs as the electric Model 3 goes...

Tesla is cutting thousands of jobs as the electric Model 3 goes into production

271
0
TEILEN

Tesla is cutting down on jobs by 7 percent, while its shares are now down by 4.1 percent.
Reuters Jan 18,2019 17:17:46 IST
Tesla Inc said on Friday it was cutting several thousands of jobs, as the electric car maker looks to trim costs and be consistently profitable while it ramps up the production of its crucial Model 3 sedan.
Tesla shares fell 4.1 percent to $333 in premarket trading.
“Tesla will need to make these cuts while increasing the Model 3 production rate and making many manufacturing engineering improvements in the coming months,” Chief Executive Officer Elon Musk said in an email to employees that was published on the company’s blog .

Continue reading...