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06-12-2018, 1:42pm | #1 | |||||||
Chief Meat Gazer
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Tesla to cut about 4100 jobs across company
Tesla will cut approximately 9 percent of its 46,000-person workforce.
Tesla told employees it will cut about 9 percent of its workforce, trimming mostly salaried positions. Since the start of the year, Tesla has been adding to its staff and currently employs approximately 46,000 workers. Through this reorganization, it will shed about 4,100 jobs. In mid-May, Tesla CEO Elon Musk had warned the company was undertaking a "thorough reorganization" and that it would flatten its management structure. "To be clear, Tesla will still continue to hire outstanding talent in critical roles as we move forward and there is still a significant need for additional production personnel," Musk said in a letter to employees on Tuesday. "I also want to emphasize that we are making this hard decision now so that we never have to do this again." Tesla has struggled to meet production targets and achieve profitability. It has been burning through billions in cash as it tries to scale up production of its mass market Model 3 sedan. Musk has said he expects Tesla to be profitable and cash flow positive in the third quarter. A paragraph in Musk's long email to Tesla employees: Quote:
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06-12-2018, 1:49pm | #2 | ||||||
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Can you post a link to the source of your OP?
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06-12-2018, 1:51pm | #3 | ||||||
Sparkles Flambeaux
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https://www.cnbc.com/2018/06/12/tesl...ny-report.html
this scam is going to come crashing down one day. |
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06-12-2018, 2:00pm | #4 | ||||||
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Whatever they did, stock price was up ~7% earlier today and up only about 2% now.....
Add on top of that the new production numbers for the Model 3 are going to 30,000 for the quarter over the estimated 20,000. I am guessing those people are not related to production and more salaried desk positions related to other business units within the organization. |
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06-12-2018, 2:09pm | #5 | |||||||
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06-12-2018, 2:17pm | #6 | |||||||
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06-12-2018, 5:27pm | #7 | ||||||
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I'm glad I didnt take the job at Tesla last year.
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06-12-2018, 6:23pm | #8 | ||||||
Sparkles Flambeaux
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06-14-2018, 5:21pm | #9 | |||||||
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Quote:
http://www.latimes.com/business/la-f...531-story.html |
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06-14-2018, 8:44pm | #10 | ||||||
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Tesla's are popular here. I see them all the time. Would I buy one? Nope, I can't see paying upwards of $80k. Electric mileage is electric mileage and can be had for much cheaper. But maybe I shouldn't apply common sense to something that's also used as a status symbol.
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06-14-2018, 8:52pm | #11 | |||||||
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06-14-2018, 9:33pm | #12 | ||||||
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06-14-2018, 9:42pm | #13 | ||||||
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This is a tragedy of epic proportions. What will we do? Can't even spend $120,000 on a car nowadays.
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06-14-2018, 10:07pm | #14 | ||||||
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I live a few miles from the Fremont plant so we started seeing them early on. I like them, we checked them out but never crunched the #'s of electricity to charge it vs gas. Another factor was distance on a charge. They are expensive so we went conventional gas at that time. I really liked the instant torque.
Kind of a fun vid of the instant torque in action... |
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06-14-2018, 11:15pm | #15 | |||||||
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06-14-2018, 11:54pm | #16 | ||||||
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06-15-2018, 6:32am | #17 | |||||||
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06-15-2018, 7:54am | #18 | |||||||
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06-15-2018, 7:55am | #19 | ||||||
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06-15-2018, 7:56am | #20 | |||||||
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