EnergyWatch

Tesla announces layoffs to save annual profit

Up to 3,500 employees will be dismissed from Tesla in comprehensive cost-cutting exercise. The company must be profitable, says CEO.

Tesla has plans to lay off thousands of employees in order to make the company more profitable, according to a letter written by Elon Musk to his employees.

The layoffs will take place without affecting the manufacturing process of Model 3, which is paramount for Tesla to make an annual profit.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

European Energy: Danish government runs risk of doing major harm to PtX

In the first quarter, European Energy has signed a deal concerning construction of a new PtX facility in the city of Aalborg as the most recent move in the third prong of activities, which primarily consist of solar and wind energy. But the company’s CEO warns of political short-sightedness.

Further reading

Related articles

Latest News

See all jobs