Elon Musk terminates 3600 positions in the Tesla Inc. to see a good return in the next six months.
DETROIT — Elon Musk expected his electric car production to be profitable, so he started a massive cutback. 9 percent of his employees would be fired, they were informed about it by email on Tuesday.
According to Musk, the number of factory workers would be not reduced, because the company is producing Model 3 compact-car. Some department employees would receive a reduction as not all of them are really necessary for the company right now.
Tesla has been producing cars for 15 years but did not receive profit. Investing in technologies and opening new plants led to losing money. Some cutbacks were in the company in 2008 and 2017 years. Elon Musk explains that until the company is profitable it will not receive funding. It means that the main goal – to provide the world with the ecological cars – will be not achieved.
In the nearest plans of Tesla Inc. is manufacturing a pickup truck and a new SUV.
Chicago Mayor Brandon Johnson has introduced a new tax proposal targeting major social media companies as part of his effort…
The Chicago Teachers Union and Chicago Public Schools have reached a $1.5 billion, four-year contract that will shape classrooms across…
Europe and North America are confronting an unusually early and intense surge of bird flu, with outbreaks spreading across wild…
Chicago Fire FC and the Versiti Blood Center of Illinois are partnering to host the Fire Up Blood Drive, a…
Former Illinois Representative Jeanne Ives said Chicago is effectively bankrupt and that investors are signaling growing concern over the city’s…
A growing number of farm animal sanctuaries across the country are promoting an alternative Thanksgiving tradition that invites families to…
This website uses cookies.