Elon Musk announced massive layoffs in Tesla

Elon Musk announced massive layoffs in Tesla

June 13, 2018 0 By autotimesnews

Elon Musk promised that dismissals will not affect workers who are engaged in direct production of electric cars Tesla

The company Tesla will soon leave about 9% of its employees (about 4 thousand people). A corresponding e-mail from the head of the company, Elon Musk, was available to Reuters. He explained this decision by the need to cut costs and try to reach profitability.

Dismissals will not affect workers who are engaged in the direct production of electric cars. Therefore, the reductions will not affect the release of the new Model 3, stressed Mask. At the moment, Tesla employs more than 37,000 people.

Earlier, the American company admitted that the release of the new Model 3 model is still behind the forecasts. After modernization, the company expects to produce up to 5 thousand electric cars a week. It is projected that this will happen by the end of the second quarter of 2018. Tesla’s managers named the small number of suppliers of components for the American company the main reason for the disruption of the plan for the release of the new Model 3.

In April, shares of American company Tesla collapsed by 5.1% during trading on the New York Stock Exchange. According to analysts, this led to a number of negative events that occurred to the automaker over the recent period.

Tesla, a company focused on the production of electric vehicles, was founded in 2003. Since 2008, he sells the Tesla Roadster. In 2012, the company introduced the Model S sedan. The manufacturer’s headquarters are in Palo Alto, California.

In February of this year, Tesla Motors decided to change its name to Tesla Inc. At this step, the American company went to remind of its plans to go beyond selling only electric cars and create a real “energy empire.”