News of layoffs and a smaller fourth-quarter profit stoke fears about growth and demand at Tesla Inc.
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 ...
Names on the move ahead of the open.
The CEO says the cuts are related to challenges with the Model 3 last year.
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.
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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.
CEO Elon Musk said carmaker may post a "tiny profit," but that it can't support its current workforce
Job cuts at Tesla are not quite the bad news as first seemed, analysts at Jefferies and Oppenheimer say.
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.
Musk says Tesla faces a "very difficult" road ahead in its long-term goal to sell affordable renewable energy products at scale.
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.
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 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.
The British government has insisted that cross-party talks to find a consensus on Theresa May's Brexit plans have been "constructive."
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.
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 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 ...
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 ...
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 ...
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.
In a subsequent reply to a tweet, Musk said that the program was 'adding too much cost to the cars, especially Model 3.'
The billionaire investor said the program was too expensive.
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.