Tesla plans 7 pct staff cut, says road ahead very difficult

Tesla plans 7 pct staff cut, says road ahead very difficult

5 years ago
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https://phys.org/news/2019-01-tesla-pct-staff-road-difficult.html

Musk said Tesla hopes to post a "tiny profit" in the current quarter but a 30 percent expansion in its workforce last year was more than it can support.

Tesla's shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

Tesla plans 7 pct staff cut, says road ahead very difficult

Jan 18, 2019, 11:27am UTC
https://phys.org/news/2019-01-tesla-pct-staff-road-difficult.html > Musk said Tesla hopes to post a "tiny profit" in the current quarter but a 30 percent expansion in its workforce last year was more than it can support. > Tesla's shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.