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 Fire FC has finalized the transfer of midfielder Brian Gutiérrez to Club Deportivo Guadalajara, widely known as Chivas, in…
Chicago Contrarian has issued a call to end city funding for local nonprofit organizations and Chicago’s summer youth employment initiatives.…
Illinois has enacted a new law limiting how federal immigration authorities can operate in everyday public spaces, with state officials…
Chicago Mayor Brandon Johnson and Fire Department Commissioner Annette Nance-Holt on Dec. 5 marked the graduation of 55 Firefighter EMTs…
Chicago will serve as the Central Time zone broadcast hub for “Dick Clark’s New Year’s Rockin’ Eve with Ryan Seacrest…
U.S. Soccer has released the full format, schedule, and participating teams for the 2026 Lamar Hunt U.S. Open Cup, outlining…
This website uses cookies.