Tesla to cut workforce by 7 percent
(Reuters) – Tesla Inc (TSLA.O) on Friday said it will cut its full-time workforce by about 7 percent, while it ramps up
production of its Model 3 sedan.
“Higher volume and manufacturing design improvements are crucial for Tesla to achieve the economies of scale required to manufacture the standard range (220 mile), standard interior Model 3 at $35k and still be a viable company,” the electric carmaker said.
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