Yesterday, Elon MuskrevealedTesla is to cut 9% of its workforce, in a move that'll see thousands of people lose their jobs.
According to a report in Arstechnica, Tesla had 37,543 full-time employees at the start of the year.
The company has laid off over 3,000 employees from its salaried population, with no production associates being affected. He said Tesla's rapid growth in recent years contributed to the duplication of roles and creation of jobs that the company could no longer justify.
"Profit is obviously not what motivates us", Musk wrote.
The company would, he continued, "never achieve" its mission to "accelerate the transition to sustainable, clean energy" unless Tesla is able to "eventually demonstrate that we can be sustainably profitable".
Nearly all of the jobs are salaried positions, Musk said.
Panasonic has been producing solar cells and panels at the factory, while Tesla is planning to produce its new solar roofing panels at the South Park Avenue facility.
In April, Tesla ramped up its production efforts to over 2,000 Model 3 sedans per week but this was still short of Musk's goal of 2,500 units a week by the end of the first quarter of 2018. Tesla has been known to spend cash quickly and post consistent losses in the 15 years since its founding.
However, the company's first two major vehicles both sell for around $75,000 or more, whereas the Model 3 starts at $35,000 and had been billed as the first electric auto aimed at the middle market.
Musk has said the company will become profitable in thesecond half of the yearand won't need to raise money. The CEO wrote that those Tesla employees working in Home Depot locations would be offered the chance to work at its own stores. He thanked departing employees for their hard work and said Tesla is providing "significant salary and stock vesting" to those being let go, based on their length of service.
This announcement comes a month after Musk announced a restructuring of the company's organisational charts.
In May, Musk announced a significant reorganization of Tesla in the face of the economic difficulties it was facing and inability to turn a profit.
Yemeni security officials say gunmen shot dead a pro-government army colonel in the southwestern city of Taiz. The conflict has left almost 10,000 people dead in Yemen, already the Arab world's poorest country.
The exercises are meant to ensure that South Korean and USA troops are ready to respond to sudden North Korean aggression. Pompeo also said Trump had been "unambiguous" in his conversations with Kim regarding the suspension of joint U.S.
Kudlow, a longtime television commentator, has been a staunch defender of Trump's much-criticized stance on global trade. He previously worked as a host on CNBC , and before that as a banker and economic adviser in the Reagan administration.
The latest Monster Hunter: World crossover will see Final Fantasy 14's Behemoth come to the game, so good luck with that fight. Final Fantasy XIV launched in 2010, but players and critics lamented its lack of content and poor gameplay.
Warner Bros is pressing ahead with a movie take on The Shining sequel novel, and it's just recruited Ewan McGregor to star. Stanley Kubrick directed the original adaptation of " The Shining ", starring Jack Nicholson and Shelley Duvall .
That is, unless Samsung goes out of its way to assuage those potential fears when it announces the Galaxy Note 9 later this year . The Note 9 is rumored to have a 4,000mAh battery, according to mobile tipster Ice Universe (via SamMobile ).
The Surface Pro is no stranger to deals, but prior to today the cheapest price we've seen for it has been $670 (back in April). It's supposed to be an affordable Windows 10 PC that would compete directly against Chromebooks and Apple's iPad .
It calls for the two countries to jointly work on efforts to build a lasting peace on the Korean Peninsula, to establish new U.S. In a split-screen shot, Kim Jong Un waved to an adoring crowd while President Trump stood beside him with his thumb in the air.
Morgan confirmed England will agree to Australia's request, with the hosts ready to help advance a positive view of the sport . The end result is that neither the captain nor the vice-captain that led the country last time round will be playing.
One test found that the dust "mineralogy is consistent with the known composition of lunar regolith", according to the suit. As for Cicco, her lawsuit is ongoing, and her vial of moon dust is being held in a safe location, according to the Post .
The rate of inflation was unchanged last month at 2.4% despite a surge in fuel costs, according to official figures. Based on Consumer Price Index (CPI), the retail inflation was at 4.58 per cent in the preceding month, April.
Brands can now add shopping bag stickers within the story , which users can then tap on to view the product. Today, via their blog, Instagram announced that they are expanding the shopping functionality to Stories .
Epic Antarctic ice sheet melt speeding up sea level rise
Previous research has shown Greenland-the planet's other major store of ice-lost a trillion tonnes of ice between 2011-2014 . Advancements in Earth-observing satellites have enabled researchers to better understand the polar regions.
Vivo officially launches the Vivo NEX starting from ~RM2394
A SIM card tray is accessible from the bottom of the Vivo NEX , and that's where you'll find the phone's loudspeaker as well. Vivo has managed to achieve an insane 91.24% screen-to-body ratio, which no other manufacturer achieved in the past.