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Tesla plans loss of around 3,000 jobs

The U.S. electric car pioneer Tesla plans to cut thousands of jobs, and yet the production of its new sedan Model 3. "The road ahead is very difficult," wro

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Tesla plans loss of around 3,000 jobs

The U.S. electric car pioneer Tesla plans to cut thousands of jobs, and yet the production of its new sedan Model 3. "The road ahead is very difficult," wrote CEO Elon Musk in a letter to employees on Friday. That is why Tesla did not reduce any other choice than the number of jobs by seven percent.

in Addition, the group will retain only the most important time workers and freelancers. In mid-October, Musk had estimated the number of employees with 45'000, that would mean the removal of a good 3000. The Tesla shares fell in premarket by more than four percent.

"Tesla will need to make these cuts, while at the same time the Model 3 production will be ramped up and we need to improve in the production in the next few months a lot," wrote Musk. Tesla have written in the third quarter of last year in the black, and probably also in the fourth quarter, a profit, albeit lower than in the previous quarter, wrote Musk. In the current quarter could jump out - "with great effort, difficulty and some luck" - again a small profit because of the sale of the Model 3-starts sedans in Europe and Asia. (Dec/sda)

Created: 18.01.2019, 12:13 PM

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