Posted on 06/12/2018 12:16:03 PM PDT by Lurch Addams
Tesla Inc. will let go of about 9% of its workforce in what Chief Executive Elon Musk on Twitter Tuesday called a difficult but necessary reorg.
The layoffs will almost entirely affect salaried employees and no production employees are included as the Silicon Valley car maker focuses on increasing Model 3 production, the email said. Tesla is providing significant salary and stock vesting to the employees affected.
Tesla has also decided not to renew a deal with Home Depot Inc. HD, +0.45% to showcase Teslas solar products in Home Depot stores in order to focus on in-house sales, it said. That tie-in had been hammered out in February.
(Excerpt) Read more at marketwatch.com ...
They must be doing great!
LOL
Duplicate posting. Moderater plz delete
Musk follies continue—guess some creditors had a little talk with him—”pay me or we break your legs”...
This company would not have survived or continued operation without tax payer money subsidizing them.
That's refreshing. It is actually a good sign for them. If you don't have the orders, production would be the first to go.
This is unlike GM who would vote themselves a raise and lay off production employees to pay for it.
The Fremont plant is on the brink of reaching 5000 vehicles per week; the stock is up over $10 a share today, part of a 100+buck run over recent weeks.
How much of our tax money went to tesla?
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 competitor’’s will get a CHARGE out of it!
And it begins
“9% of its workforce” are leaving today. 91% will leave later when people get tired of the gimmick.
The Fremont plant is on the brink of reaching 5000 vehicles per week; the stock is up over $10 a share today, part of a 100+buck run over recent weeks.
...
Yep, and Tesla has hired 8000 since the beginning of the year.
That’s refreshing. It is actually a good sign for them. If you don’t have the orders, production would be the first to go.
...
It’s really good if they are using the savings to hire more production workers or increase capacity.
How much of our tax money went to tesla?
...
Take the money that’s gone to Boeing and divide by three.
You can only burn money for so long.
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