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

Tesla Announces Layoffs

Video Credit: Wochit - Duration: 00:47s - Published < > Embed
Tesla Announces Layoffs

Tesla Announces Layoffs

Tesla has announced that it would lay off 7% of its workforce— about 3,000 workers — to turn its plan to create a $35,000 Model 3 into a reality in "all markets," CEO Elon Musk said in a company statement Friday.

Musk spelled it all out in a message to employees, but what he didn't mention was Tesla's additional pressure of a $900 million bond payment coming due in March.


You Might Like

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? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest