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Electric Car Maker Tesla to Lay off 7% Staff Amid China Dreams

Musk-led private spaceflight company SpaceX also announced recently that it would lay off 10 per cent of its workforce to fund other projects

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Tesla, board
Tesla to lay-off 7% full-time staff amid China dreams. Pixabay

Electric car maker Tesla on Friday announced it is laying off seven per cent of its full-time staffers in an attempt to reduce costs and increase profits.

The news comes on the heels of Tesla CEO Elon Musk laying the foundation of a Tesla Gigafactory in Shanghai earlier this month — the first outside the US.

All Tesla employees were informed about the development in an email.

“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. Moreover, we need to continue making progress towards lower priced variants of Model 3.

“Attempting to build affordable clean energy products at scale necessarily requires extreme effort and relentless creativity, but succeeding in our mission is essential to ensure that the future is good, so we must do everything we can to advance the cause,” Musk wrote in a blog post.

Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Musk said that the company unfortunately has no choice “but to reduce full-time employee headcount by approximately 7 per cent (we grew by 30 per cent last year, which is more than we can support) and retain only the most critical temps and contractors”.

The China factory that is expected to produce 500,000 electric vehicles per year and double the production capacity of Tesla, will begin with the production of Model 3.

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Musk-led private spaceflight company SpaceX also announced recently that it would lay off 10 per cent of its workforce to fund other projects.

SpaceX, which has a contract with NASA to deliver cargo to the International Space Station (ISS), is now planning to start flying astronauts to the ISS for NASA sometime this year.
(IANS)

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Hackers Win Tesla Car For Exposing System Error

The EV-maker was fairly quick to fix vulnerabilities exposed by white hat hackers

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Tesla CEO Elon musk, board
Tesla CEO Elon Musk. (VOA)

Electric Vehicle (EV)-maker Tesla had to give away one of their Model 3 cars and $35,000 prize money to a group of hackers after they managed to crack its system during a hacking event.

Amat Cama and Richard Zhu of team Fluoroacetate exposed a vulnerability in the vehicle system during the Pwn2Own 2019 hacking competition, organised by Trend Micro’s “Zero Day Initiative (ZDI)”, held here this week.

The hackers targeted the infotainment system on the Tesla Model 3 and used a “JIT bug in the renderer” to take control of the system, Electrek reported on Saturday.

Charging problems with electric car
Tesla cars recharge at a Tesla station at a shopping center in Charlotte, N.C., June 24, 2017. Buyers of Tesla’s luxury models have access to a company-funded Supercharger network. VOA

“Since launching our bug bounty programme in 2014, we have continuously increased our investments into partnerships with security researchers to ensure that all Tesla owners constantly benefit from the brightest minds in the community,” the report quoted David Lau, Vice President of Vehicle Software at Tesla as saying.

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As part of Tesla’s bug bounty programme, the company had given away hundreds of thousands of dollars in rewards to hackers who exposed vulnerabilities in its systems.

The EV-maker was fairly quick to fix vulnerabilities exposed by white hat hackers, the report said. (IANS)