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Tesla to lay off 4.100 employees


The luxury electric car maker Tesla will lay off 9% of its workforce to show that it can be profitable after being unable to make a profit in its 15-year history.

Elon Musk, the owner of Tesla.

Elon Musk, CEO of the company, communicated in a letter to the workers of Tesla Motors that it has begun to inform the affected personnel after "Critically evaluate each position" y “Valuing the specific capacities of each individual”.

The measure will mean the departure of some 4.100 employees of the 46.000 that Tesla has, although they do not affect the plant operators that produce the vehicles. Also, you will not renew the agreement you have with the firm Home Depot For which it rents space in some 800 establishments of this company to sell its products of domestic solar panels.

Musk said he has made the decision to cut jobs so he doesn't have to do it again. "We are a small company in one of the toughest and most competitive sectors on Earth, in which simply surviving, no longer growing, is a form of victory", the executive explained.

In May, Musk announced a deep reorganization of Tesla in the face of the firm's economic difficulties, unable to generate profits and meet its production targets with its latest model, Model 3.

Tesla increased its losses by 97,5% to $ 784,6 million in the first quarter of the year, despite its revenue increasing 26,4% to $ 3.408,7 million.

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Automundo

Automundo is the blog about news from the automotive industry, motorsport and the culture of the region. Director: Diego Durruty.

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