Friday, 18 January 2019

Tesla to cut workforce 7%; Musk expects 'tiny' Q4 profit

Tesla said it plans to cut 7 percent of its workforce -- an estimated 3,150 jobs -- as the electric automaker looks to trim costs and be consistently profitable while it ramps up the production of its crucial Model 3 sedan. CEO Elon Musk said the company will target a "tiny profit" for the fourth quarter.



source https://www.autonews.com/manufacturing/tesla-cut-workforce-7-musk-expects-tiny-q4-profit

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