• ABOUT
  • CONTACT
Air Herald
Air Herald
  • People & World
  • Pulse
  • Economy
  • Politics
  • Health
  • News
  • Basic

Breaking News

Die beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im Angebot
New medical breakthrough could aid lung cancer patients
Iran started injecting uranium gas into more than 1.000 centrifuges this midnight
Get Free Solar System Quotes in Kern County, California
Activist involved in anti-government protests in Hong Kong has been shot by police during a clash
Tesla Cuts Jobs In Order To Make More Affordable Electric Cars

Economy

Tesla Cuts Jobs In Order To Make More Affordable Electric Cars

Hossein Karami affordable electric car, cuts jobs, elon musk, Model 3 Sedan, Tesla January 18, 2019

Tesla Inc announced on Friday that it will need to cut 7 percent of its workforce in order to increase production of lower priced versions of Model 3 Sedan

Tesla’s cheapest model is the $44,000 Model 3 Sedan than needs to break out of the niche-car market and broaden its customer base so that more people can afford it.

Tesla already cut its staff by 9 percent in June, leaving the company with a team of 45,000 people. But is now still struggling to achieve long-term profitability and is seeing lower profits than anticipated. The 7 percent cut would mean that about 3,150 people will lose their jobs.

Tesla CEO Elon Musk said on Friday in a letter to his employees that the company will reduce full-time employee headcount by about 7 percent and only retain the most critical temps and contractors:

“Looking ahead at our mission of accelerating the advent of sustainable transport and energy, which is important for all life on Earth, we face an extremely difficult challenge: making our cars, batteries and solar products cost-competitive with fossil fuels. While we have made great progress, our products are still too expensive for most people.”

He also said that Tesla needs to deliver at least the mid-range Model 3 version in all markets starting around May, since it needs to reach more customers who can afford the cars:

“Starting around May, we will need to deliver at least the mid-range Model 3 variant in all markets, as we need to reach more customers who can afford our vehicles.”

Moreover, Tesla broke ground earlier this month with starting the built of a factory in Shanghai, its first outside the United States. The company plans to begin production of the Model 3 there and a planned crossover by the year’s end.

Source: Associated Press: apnews.com

2,438

Related Posts

US job growth likely slowed in August, but gains are enough to support the economy

Economy /

US job growth likely slowed in August, but gains are enough to support the economy

Huawei CEO says China shouldn’t punish Apple

Economy /

Huawei CEO says China shouldn’t punish Apple

Avon May Be Selling To Brazilian Cosmetics Group Natura

Economy /

Avon May Be Selling To Brazilian Cosmetics Group Natura

Crypto CEO dies holding the only passwords that could unlock millions of coins

Economy /

Crypto CEO dies holding the only passwords that could unlock millions of coins

How do you know a company’s culture fits your needs and personality?

Economy /

How do you know a company’s culture fits your needs and personality?

Apple revenue and profits are down as iPhone sales take a hit, but Apple services are flourishing

Economy /

Apple revenue and profits are down as iPhone sales take a hit, but Apple services are flourishing

‹ Moving More Than Sitting Could Reduce the Risk of Early Death According to Scientists › 25% of antibiotic prescriptions aren’t necessary. What are the risks?

Recent Posts

  • Die beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im AngebotDie beste Abnehmlösung auf dem Markt, die fortschrittlichen Figur Kapseln, sind jetzt in Deutschland im Angebot
    January 25, 2023
  • New medical breakthrough could aid lung cancer patientsNew medical breakthrough could aid lung cancer patients
    November 11, 2022
  • Iran started injecting uranium gas into more than 1.000 centrifuges this midnightIran started injecting uranium gas into more than 1.000 centrifuges this midnight
    November 7, 2019
  • Get Free Solar System Quotes in Kern County, CaliforniaGet Free Solar System Quotes in Kern County, California
    October 15, 2019
  • Activist involved in anti-government protests in Hong Kong has been shot by police during a clashActivist involved in anti-government protests in Hong Kong has been shot by police during a clash
    October 2, 2019
  • Ultra Keto Slim Australia – Major Discounts on the top Weight Loss Keto SupplementUltra Keto Slim Australia – Major Discounts on the top Weight Loss Keto Supplement
    September 27, 2019
  • Former French president, Jacques Chirac, dies at 86Former French president, Jacques Chirac, dies at 86
    September 27, 2019
  • Celebrity chef and restaurateur, Carl Ruiz, dies at 44Celebrity chef and restaurateur, Carl Ruiz, dies at 44
    September 23, 2019
  • Trump says he knows how to cut San Francisco’s homeless population in half, but California doesn’t see the same solutionsTrump says he knows how to cut San Francisco’s homeless population in half, but California doesn’t see the same solutions
    September 18, 2019
  • Kenya is the 3rd African country that outs out new malaria vaccineKenya is the 3rd African country that outs out new malaria vaccine
    September 16, 2019

Categories

  • Advertorial
  • Basic
  • Economy
  • Health
  • News
  • People & World
  • Politics
  • Pulse
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan    

Back to Top

  • Cookies Policy
  • Privacy Policy
  • Terms and Conditions
  • CONTACT
© Air Herald 2020
https://smartprices.online/