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Tesla to cut 9% of workforce
FOX Business ^ | June 12, 2018 | Brittany De Lea

Posted on 06/12/2018 12:15:13 PM PDT by george76

Electric automaker Tesla is cutting 9% of its employees across the company

...

Throughout its nearly 15 years of existence, the company has never made a profit,

...

Tesla will also not be renewing its residential sales agreement with Home Depot, Musk said, opting instead to focus on selling its solar products in its stores and on its website.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events; US: California
KEYWORDS: automakers; california; elonmusk; falcon9; falconheavy; fremont; globalwarming; globalwarminghoax; homosexualagenda; musk; spacex; taxes; taxpayermoney; tesla
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1 posted on 06/12/2018 12:15:14 PM PDT by george76
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They fired the rest of the Finance department?


2 posted on 06/12/2018 12:17:19 PM PDT by george76 (Ward Churchill : Fake Indian, Fake Scholarship, and Fake Art)
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To: george76

HA HA!


3 posted on 06/12/2018 12:17:47 PM PDT by Beagle8U (Liberals can kiss my bitter clingers!)
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To: george76

4 posted on 06/12/2018 12:18:22 PM PDT by simpson96
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To: george76

Electric cars = joke.


5 posted on 06/12/2018 12:20:18 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: george76

If fossil fuels are not banned or their use forcefully curtailed, Tesla has no chance. The gig is almost up for the con man.


6 posted on 06/12/2018 12:21:26 PM PDT by deadrock
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To: george76

Musk should have invested his time and talent in the mining industry if he’s so intent on developing a coal powered car.


7 posted on 06/12/2018 12:21:34 PM PDT by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: george76

This is electrifying news.


8 posted on 06/12/2018 12:22:23 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: george76

This news will be a real jolt to the auto industry. It is shocking to say the least. The greens will be disappointed in this highly charged political environment.


9 posted on 06/12/2018 12:26:12 PM PDT by central_va (I won't be reconstructed and I do not give a damn)
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To: george76
The Chevy Bolt from what my gnomes tell me is a better dollar value and a better car than the "C", as it's entry level price might be in the Bolt's space, with with any bells and whistle, the C it is north of 50K.

My guess is those really in the market for said type of vehicle see this too.

10 posted on 06/12/2018 12:27:42 PM PDT by taildragger ("Do you hear the people Singing? Singing the Song of Angry Men!"i)
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To: george76

The stock is up 3% today and up over 10% the last month.

It’ll be interesting to see more uninformed snarky remarks.


11 posted on 06/12/2018 12:30:28 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: george76

Tesla has added 8000 employees since the beginning of the year. It plans to layoff 4100 mostly management employees.


12 posted on 06/12/2018 12:39:21 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: george76

I don’t get how people seem to actively root for the demise of an American company with such glee and snark.


13 posted on 06/12/2018 12:39:55 PM PDT by Roobarb321
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To: Roobarb321

An American company that takes tons of taxpayer money and lectures us on global warming. What’s not to love?


14 posted on 06/12/2018 12:49:57 PM PDT by proust ("The rule is, jam tomorrow and jam yesterday, but never jam today.")
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To: george76

This is truly SHOCKING news! But we must all keep CURRENT on it - that’s how most people are WIRED! But, I am sure all Tesla’s competitors will get a CHARGE out of it!


15 posted on 06/12/2018 1:36:30 PM PDT by 2harddrive
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To: Roobarb321

“I don’t get how people seem to actively root for the demise of an American company with such glee and snark.”

Why aim your response at george76?

He just posted the article.


16 posted on 06/12/2018 1:49:32 PM PDT by BBB333 (The Power Of Trump Compels You!)
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To: Moonman62

“The stock is up 3% today and up over 10% the last month. It’ll be interesting to see more uninformed snarky remarks.”

You mean like your ignorant remark?

Stock price has little to do with company performance.

For a company that has supposedly a backlog of orders there is no reason to be cutting 9% of the workforce. The workforce should be expanding.

Your evangelizing Tesla is getting old, and very obvious.

The fact is Obama’s illegal EPA made motor vehicle fleet MPG at over 50mpg, so electric cars were thrust on the market. Trump, Thank God he’s president, had his EPA know that crap off and get back to 30mpg.


17 posted on 06/12/2018 1:58:02 PM PDT by CodeToad
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To: CodeToad

You mean like your ignorant remark?

...

Right! Making a factual comment is ignorant, you crazy jerk.


18 posted on 06/12/2018 2:01:46 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Moonman62

“Making a factual comment is ignorant, you crazy jerk.”

The only crazy here are the ones who cheerlead a company on FR as you do. Your entire life seems to revolve around Tesla. You’re such a thin-skinned little boy that the first non-sycophantic remark made about Tesla and you lose your mind.


19 posted on 06/12/2018 2:49:11 PM PDT by CodeToad
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To: CodeToad

For a company that has supposedly a backlog of orders there is no reason to be cutting 9% of the workforce.

...

I guess you were in such a rush to be a jerk that you missed my comment about Tesla hiring 8000 new people since the beginning of the year, while the planned layoffs amount to 4100, and that it’s going to mostly be management, not production workers.

The stock going up today is a good indication that the layoff news isn’t negative.

Once again, stating facts isn’t ignorance or evangelizing. But it does help to counter idiotic posts such as yours.


20 posted on 06/12/2018 3:17:10 PM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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