Tesla Plans To Cut Staff By 7%

Electric car and solar panel maker Tesla says it plans to cut its staff by about 7 percent. In an email to employees released early Friday it said the "road ahead is very difficult."

Posted: Jan 18, 2019 3:58 AM

Electric car and solar panel maker Tesla says it plans to cut its staff by about 7 percent. In an email to employees released early Friday it said the "road ahead is very difficult."

The memo posted on the company's website said Tesla Inc. hopes to post a "tiny profit" in the current quarter. It said Tesla increased its staff by 30 percent last year but cannot support that size of staff.

Tesla's shares tumbled earlier this month after it cut vehicle prices by $2,000 and announced fourth-quarter sales figures that fell short of Wall Street estimates.

Article Comments

Medford
Clear
76° wxIcon
Hi: 92° Lo: 58°
Feels Like: 76°
Brookings
Clear
57° wxIcon
Hi: 70° Lo: 54°
Feels Like: 57°
Crater Lake
Clear
67° wxIcon
Hi: 86° Lo: 52°
Feels Like: 67°
Grants Pass
Clear
70° wxIcon
Hi: 90° Lo: 59°
Feels Like: 70°
Klamath Falls
Clear
67° wxIcon
Hi: 86° Lo: 48°
Feels Like: 67°
Rain chances mid-week
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Suspect on the run after eluding police twice in one night

Image

3rd Tuesday

Image

back to school yreka

Image

Daily J! - Wedding Bells

Image

Tuesday, August 20 evening weather

Image

SOREDI community input survey

Image

Free backpacks at health fair

Image

Staying healthy during the school year

Image

In the Kitchen: Chicken Taquitos

Image

Tuesday, August 20 afternoon weather