The electric automaker is eliminating 7 percent of its workforce in a cost-cutting measure. "The road ahead is very difficult," Musk told employees in an email.
Camila Domonoske. NPR. Fri, 18 Jan 2019 13:12:32 -0500.
Tesla's newest round of layoffs is simply Elon Musk trying to "right-size" the company, said Steve Westly. But Needham analyst Rajvindra Gill said there are risks on the horizon.
CNBC. Fri, 18 Jan 2019 17:53 GMT.
Tesla's layoffs show the company needs to cut costs and move toward making some cheaper options. European deliveries can offset demand in the next few months, says one analyst.
CNBC. Fri, 18 Jan 2019 14:03 GMT.
Elon Musk has attended the ground-breaking ceremony for a $2bn (£1.6bn) Tesla factory in Shanghai that is expected to begin producing electric cars by the end of the year.
Sky News. Mon, 07 Jan 2019 12:45:00 +0000.