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Tesla is slashing its workforce by 7% to make a cheaper Model 3

Tesla has announced plans to cut its full-time workforce by 7% as it works to increase Model 3 production.

Marketwatch /
Tesla stock tanks as layoffs, profit comment ignite demand fears

News of layoffs and a smaller fourth-quarter profit stoke fears about growth and demand at Tesla Inc.

Tesla sinks after cutting 7% of its workforce. Five experts weigh in on what's next

Tesla shares took a big hit to end the week after CEO Elon Musk announced that the company would cut 7 percent of its workforce. Five experts weigh ...

Tesla has $920 million in debt that's coming due — and it could wipe out a large chunk of its cash

The company continues to reveal pressure to maintain profitability.

Tesla to slash 7 percent of its workforce, CEO Elon Musk says - Roadshow

The CEO says the cuts are related to challenges with the Model 3 last year.

Reuters /
Tesla cuts jobs as it looks to make Model 3 more affordable

Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent.

Tesla to cut 7% of work force, focus on bringing down prices of its cars

Tesla will cut 7 per cent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.

Tesla cuts 7 percent of staff as Musk says "road ahead is very difficult"

CEO Elon Musk said carmaker may post a "tiny profit," but that it can't support its current workforce

Tesla dives, but analysts stay bullish: Job cuts signal 'productivity gains'

Job cuts at Tesla are not quite the bad news as first seemed, analysts at Jefferies and Oppenheimer say.

NY Times /
Tesla to Cut 3,000 Jobs in Bid to Push Model 3 Into the Mass Market

The reductions, which amount to 7 percent of Tesla’s work force, were necessary keep the company viable, Elon Musk wrote in an email to employees.

Read the email Elon Musk sent to Tesla employees explaining the need for job cuts

Musk says Tesla faces a "very difficult" road ahead in its long-term goal to sell affordable renewable energy products at scale.

Fox News /
Tesla to cut workforce by 7 percent

Tesla plans to increase production of its crucial Model 3 sedan.

USA Today /
Tesla to cut workforce by 7 percent, increase Model 3 production at lower prices

Saying the road ahead was “very difficult,” Tesla’s CEO Elon Musk said Friday that the company would be cutting its staff by about 7 percent.        

VoA /
Tesla Plans 7 Percent Staff Cut, Says Bumpy Road Ahead

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent. "The road ahead is very difficult," the company's founder and CEO Elon Musk said in an email to employees posted on the company's website. He said ...

Tesla shares plunge after job cuts, as Elon Musk sees a 'very difficult' road ahead

Tesla is cutting its full-time staff headcount by around 7 percent as it ramps up production of its Model 3 sedans, CEO Elon Musk says.

Washinton Post /
Tesla’s Job Cuts Bring the Shock of the Ordinary

To justify its nosebleed valuation, the electric-car maker should be growing, not pulling back.

Brexit row erupts as opposition party rejects Theresa May's offer for talks

The British government has insisted that cross-party talks to find a consensus on Theresa May's Brexit plans have been "constructive."

National Energy Board rejects Burnaby's bid to stop work at Trans Mountain pipeline terminal

The National Energy Board has rejected a request by Burnaby, B.C., that it rescind orders allowing the company building the Trans Mountain pipeline expansion to conduct work at the city's terminal.

USA Today /
Tesla cuts 7% of workforce; There's a 'very difficult' road ahead

CEO of Tesla, Elon Musk announced that the company will be cutting 7% of its full-time workforce to help sell its new Model 3 at a lower price.        

Ford says it will produce electric versions of F-Series pickup trucks

Ford Motor Co. said it's planning to make electric versions of its popular F-Series pickups, in a bid to keep up with competitors like General ...

Engadget /
Tesla is laying off 7 percent of its full-time employees

Tesla CEO Elon Musk has announced that the company is laying off 7 percent of its full-time employees in an effort to cut costs and increase ...

Washinton Post /
Tesla announces plan to cut 7 percent of its workforce to aid Model 3 production

In a memo to employees, chief executive Elon Musk said the layoffs are a way to boost margins as the company plans to ramp up production on the Model ...

Tesla's referral program will be kaput as of Feb. 1 - Roadshow

Bad news if you were hoping to coerce your friends, family members and coworkers into buying a Tesla so you could get yourself a free set of wheels.

USA Today /
Elon Musk says that Tesla will end its buyer referral program on Feb. 1

In a subsequent reply to a tweet, Musk said that the program was 'adding too much cost to the cars, especially Model 3.'        

Fox News /
Tesla's Elon Musk to end customer referral program. Here's why

The billionaire investor said the program was too expensive.

Reuters /
Musk tweets Tesla to end customer referral plan because of costs

Tesla Inc's customer referral incentive plan will end on Feb. 1, the electric carmaker's Chief Executive Officer Elon Musk tweeted on Thursday, citing costs.

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