Tesla Lays Off 3,000 Workers in Cost-Cutting Effort

In an open letter to Tesla staff today, CEO Elon Musk announced the automaker is laying off 7 percent of its full-time work force, more than 3,000 people. It’s an effort, Musk wrote, to streamline the company and prepare it for tough times ahead. It can also seem surprising, given Tesla’s blockbuster, profitable finish to …

Continue reading “Tesla Lays Off 3,000 Workers in Cost-Cutting Effort”