Friday, 18 January 2019

Tesla to reduce work force 7%; Musk expects 'tiny' Q4 profit

Tesla plans to cut 7 percent of its work force -- an estimated 3,150 jobs -- as the EV maker looks to trim costs and be consistently profitable while it ramps up production and strives to lower prices on the Model 3 sedan. CEO Elon Musk said the company is targeting a "tiny profit" in the fourth quarter.



source https://www.autonews.com/manufacturing/tesla-reduce-work-force-7-musk-expects-tiny-q4-profit

No comments:

Post a Comment