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Employee cut for Tesla: here’s what’s happening



Employee cut for Tesla: here’s what’s happening

Difficult hours for employees of Tesla who, opening their corporate email, found themselves announcing a 7% staff cut by the company. The notice, which was also immediately published online, caused the company to lose l‘8% in Wall Street in the first hour after the opening of trading.

Here are the reasons that led to this cut

All this was done with the aim of remedying the difficult situation, trying to obtain wider profit margins, especially those concerning the sales of the company. Model 3. Indeed, the purpose of the CEO Elon Musk is to produce cars at more competitive prices in order to reach as many people as possible.

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Mush, who commented on the 2018 as “one of the busiest years in Tesla’s history”, he also stressed that, despite the great progress made, “our products are still too expensive for most people.” This is precisely the reason that led to the cutting of employees, in order to speed up production times and contain as many costs as possible.

Definitely another headache for the American company, which has yet to fix the problem of the defective airbags on 15,000 cars However, Elon has announced improvements on the way.