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Tesla To Lay Off 3,000 Employees

Video Credit: Wochit Business - Duration: 00:43s - Published < > Embed
Tesla To Lay Off 3,000 Employees

Tesla To Lay Off 3,000 Employees

According to Business Insider, Tesla announced Friday in a company email that it would lay off 3,000 workers in the coming months, which is 7% of its workforce.

The company also let go 9,000 workers last year.

At its Fremont factory, assembly line workers alone equal half as many people building half the number of vehicles as the same plant made in the 1980s, when it was known as NUMMI.

Tesla shares slid Friday after CEO Elon Musk projected weaker profits on Model 3 than some investors expected.

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Tesla To Lay Off 3,000 Employees

A JULY 8, 2018, PHOTO AN APRIL 15, 2018 FILE PHOTO



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