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