Tesla Axing 3,500 Workers

Posted by at 3:53 am on June 13, 2018

Tesla will lay off about 3,500 workers in an effort to boost profitability, CEO Elon Musk wrote in a company email.

“What drives us is our mission to accelerate the world’s transition to sustainable, clean energy, but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable,” Musk wrote.

Musk wrote the layoffs were part of a restructuring to make the company “communicate better, eliminate bureaucracy and move faster.” He noted that the cuts will not affect Tesla’s ability to reach targets for producing the Model 3. He has promised to make 5,000 Model 3 cars a week by the end of June

 

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