Implications of Tesla's Recent Layoffs
Tesla's decision to lay off 3,000 workers has raised concerns among investors about a potential decline in demand for its Model 3 sedan, as reported by Business Insider.
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5 views β’ Jan 19, 2019
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According to Business Insider, News of Tesla laying off 3,000 workers on Friday has added to investor worries that demand may be shrinking for its Model 3 sedan.<br />In an email to employees, CEO Elon Musk said the layoffs were part of an initiative to bring down the cost of producing the sedan, which has only been complicated by the halving of a US federal tax credit previously available to buyers. <br />
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Jan 19, 2019