Tesla to cut 7% of workforce after 'most challenging' year
Tesla to cut 7% of workforce after 'most challenging' year
Tesla is bringing an early end to its popular customer referral program. Image Shutterstock
18 January, 2019, 18:08
The company has not published its precise headcount but Musk gave a figure of 45,000 in October, implying 3,150 job losses. Musk pointed out, though, that the third quarter's profit was partly the result of a strong push to sell higher-priced variants of the vehicle - the Long Range Model 3 AWD and the Model 3 Performance - to customers in North America.
He strongly emphasized that the cut was necessary in order to maintain the price of the Model 3 at $35,000.
But he added the firm's cars were still "too expensive for most people" and the road ahead was "very difficult".
A copy of his email published on the company's website on Friday said Tesla increased its staff by 30 percent previous year, but it could not support that size of staff as "the road ahead is very difficult".
In a statement to CNBC, Wedbush analyst Dan Ives notes that Tesla's worldwide Model 3 push would likely determine the company's success in the first half of 2019.
China is Growing Cotton on the Moon
Unfortunately, the sprout died after nine days upon the beginning of the lander's first lunar night on Sunday. So basically, the crops will try to form a mini biosphere - an artificial, self-sustaining environment.
"Starting around May, we will need to deliver at least the mid-range Model 3 variant in all markets, as we need to reach more customers who can afford our vehicles", Musk said. The latter is expected to complete initial construction by the end of summer, with the facility manufacturing the first China-made, "affordable" Model 3 by the end of the year.
To counter the fading tax incentive, Tesla this month cut the price on each of its three models by $2,000.
Tesla's overarching challenge is making cars, batteries and solar products cost-competitive with fossil fuels, Musk said Friday in the blog post.
"According to this schedule, the recall of 2012 Model S vehicles began in 2017, was extended to 2013 Model S vehicles in 2018, and is now being extended to 2014-2016 Model S vehicles", the spokesperson said.
Electric-vehicle maker Tesla will recall 14,123 cars in China over airbags that contained a part made by now-defunct Japanese manufacturer Takata, the Chinese market regulator announced on Friday (Jan 18).
Her Majesty Queen Elizabeth II and Prince Philip The Duke of Edinburgh celebrate their 71st wedding anniversary in 2018. The 97-year-old's vehicle ended up on its side after it was in collision with another auto in Norfolk at around 3pm.
Pwn2Own is an important contest for both those taking part and the large tech companies who put forward their products. In other news, Tesla CEO Elon Musk has announced that they'll discontinue the lower-end versions of Model S and X.
While this all makes sense however, it's important to note that there is no proof that this is what is happening. It's gone viral online with a string of celebrities and media personalities also taking part in the challenge.
The Rockets are still without guards Chris Paul (hamstring) and Eric Gordon (knee) - meaning three starters are now on the shelf. But he will now spend his time this season playing for the Rio Grande Valley Vipers, the Rockets' G-League affiliate.
She had been speaking with her sister on the phone at the time of the attack and her sister alerted authorities, Stamper said. On the night she was killed, she had been to a comedy gig and was less than 1km (0.7 miles) from her home.
Founded in 1962, Shopko operates more than 360 stores in 26 states throughout the Central, Western and Pacific Northwest regions. Shopko is already in the process of closing 60 stores, but with this week's announcement it added 38 more stores.
In her request to Trump , Pelosi recommended that Trump deliver written remarks to Congress as Jefferson once did. The House and Senate had voted to give the workers back pay whenever the federal government reopens.
India will be greatly encouraged by the return to form of Bhuvneshwar Kumar who bowled exceptionally well in the second ODI. Nathan Lyon bowled economically in both matches but couldn't scalp any wickets and has lost his place to Adam Zampa.
Asked about retiring, Mourinho said: " No I want to coach, I'm too young ". Where I am going to stay is where I belong, I belong to top football .
Prince Philip is uninjured after auto accident near Sandringham
Asked if the duke had then thanked him for getting him out of the vehicle , Mr Warne said: "No, but he wasn't being discourteous". It is likely the prince was travelling with a protection officer, a standard security procedure for Britain's senior royals.
Kyler Murray Expected to Declare for NFL Draft
But NFL Network's Ian Rapoport has spoken to some NFL scouts who believe Murray will fall to the second or third round. As recently as last month, the A's said they expected Murray to pursue baseball.
USA investigating whether Huawei stole trade secrets
Huawei is already facing significant scrutiny from the US , which is now still in the midst of a trade war with China. Tom Cotton (R-Ariz.) described Huawei as "effectively an intelligence-gathering arm of the Chinese Communist Party".
Total Lunar Eclipse Meets Supermoon Sunday Night
The whole eclipse starts Sunday night or early Monday, depending on location, and will take about three hours. Day - off, so have no worries about staying up late howling at the SUPER BLOOD WOLF MOON .
Goldman Sachs profits top forecasts as legal costs rise
The stock has a market cap of $66.92 billion, a P/E ratio of 9.97, a price-to-earnings-growth ratio of 0.71 and a beta of 1.13. Capital International Investors raised its position in shares of Goldman Sachs Group by 2,110.7% in the third quarter.
Get Over Here for the Mortal Kombat 11 Reveal Event
Mortal Kombat 11 Reveal Event - What's being revealed? It would appear that Ronda Rousey is expanding her portfolio. For the superfans, there's also a $99 Kollector's Edition with a steelbook case and Scorpion cowl-and-mask bust.
Massive Great White Shark Spotted Near Hawaii
Ms Ramsey told the Honolulu Star Advertiser that they had been filming tiger sharks feeding on the whale when the shark arrived. Deep Blue, possibly the biggest White Shark identified, coming in at almost 7 meters, was last spotted in Mexico.