Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Tesla CEO Elon Musk Announces Job Cuts

Video Credit: Wochit Business - Duration: 00:38s - Published < > Embed
Tesla CEO Elon Musk Announces Job Cuts

Tesla CEO Elon Musk Announces Job Cuts

Tesla announced on Friday that it would be slashing thousands of jobs from its workforce in an attempt to bring down costs and increase production of the Model 3 sedan.

The electric car manufacturer has struggled to achieve long-term profitability while balancing its expense sheet.

Reuters reports that Chief Executive Officer Elon Musk announced the job cuts via a letter sent to employees and posted on the brand's blog.

Approximately 3150 jobs will be lost.

0
shares
ShareTweetSavePostSend
 

Tesla CEO Elon Musk Announces Job Cuts

A JULY 8, 2018, PHOTO AN AUG.

8, 2018, FILE PHOTO



Recent related news from verified sources

SEC regulators: Tesla CEO Elon Musk’s defense of his tweets ‘borders on the ridiculous’

Tesla Inc. CEO Elon Musk hasn’t asked for pre-approval before sending any Tesla-related tweets, in...
bizjournals - Published

JPMORGAN: Tesla investors are ignoring the possibility that CEO Elon Musk will be forced out. Here's how they can protect against that worst-case scenario.

JPMORGAN: Tesla investors are ignoring the possibility that CEO Elon Musk will be forced out. Here's how they can protect against that worst-case scenario.· Tesla has experienced a series of issues stemming from CEO Elon Musk's use of Twitter, and several...
Business Insider - Published


You Might Like


Recent related videos from verified sources

Tesla Raising Prices on Inventory Cars [Video]Tesla Raising Prices on Inventory Cars

Elizabeth Keatinge tells us about a recent price hike at Tesla, and some other electric car chatter.

Credit: Veuer     Duration: 00:57Published

Tesla Will Increase Car Prices On April 1 [Video]Tesla Will Increase Car Prices On April 1

Although Tesla recently dropped the prices on their sedans, Automotive News reports that on midnight, April 1, the cost of all Tesla cars will jump up 3%. CEO, Elon Musk, shared the news in a..

Credit: Wochit     Duration: 00:41Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.