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Tesla Inc.

will let go of about 9% of its workforce in what Chief Executive Elon Musk on Twitter Tuesday called a “difficult but necessary reorg.”

Musk tweeted the email moments after it had leaked to a few media organizations...

...Analysts at Consumer Edge said they viewed the job cuts as “a positive in helping Tesla track toward profitability later this year.” Model 3 production “is still the primary driver of upside to expectations and shares in 2018,” they said...

 

 




It's OFFICIAL: Tesla's Elon Musk CONFIRMS That It Will Lay Off Nine Percent Of Its Workforce

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