Bay Area-based electric car maker Tesla will cut seven percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.
According to Reuters, Wall Street analysts expect Tesla Inc to forecast a loss for the first quarter when it reports results on Wednesday, having changed their expectations for a profit after Chief..
Don't count Tesla out just yet.
Although Tesla CEO, Elon Musk announced on Friday that the electric car company plans to lay off 7% of its staff, due to pressure on their profits and their Model 3..
Tesla is slashing its workforce by 7 percent. CNN reports that the electric car manufacturer on Friday announced plans to cut its full-time employee roster as it vies to increase Model 3 production...
![Tesla Seen Forecasting A First-quarter Loss [Video]](https://video.newsserve.net/300/v/20190128/1259457900-Tesla-Seen-Forecasting-First-quarter-Loss.jpg)
![Millennials Bank On Tesla Even After Its Layoffs [Video]](https://video.newsserve.net/300/v/20190124/1259170478-Millennials-Bank-On-Tesla-Even-After-Its-Layoffs.jpg)
![Tesla Decreasing Workforce In An Effort To Increase Production [Video]](https://video.newsserve.net/300/v/20190118/1258576513-Tesla-Decreasing-Workforce-In-An-Effort-To-Increase.jpg)
![Tesla Cuts 7% of Workforce, Saying There's a 'Very Difficult' Road Ahead [Video]](https://video.newsserve.net/300/v/20190118/1258544821-Tesla-Cuts-of-Workforce-Saying-There.jpg)
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