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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)

Next Story

Tesla Owners Unintentionally Buy Software Updates, Face Troubles in Getting Refunds

Famous scholar and Tesla owner Nassim Nicholas Taleb reported a similar story on Twitter

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Tesla
Back in December, Tesla introduced one-click and the first feature available via the easy-buy feature was the Acceleration Boost upgrade. Pixabay

Some Tesla owners are unintentionally buying expensive software upgrades through the automaker’s app which range from $ 4,000 to almost $ 10,000 and they are facing trouble getting refunds.

The issue was noted by Tesla owner Jon McLaughlin was surprised when his wife called to tell him that she was now able to use some Full Self-Driving features on their Model 3, even though they didn’t buy those options, reports electrek.

“This prompted me to look at the ‘upgrades’ section of the mobile app. Interestingly, the app said I had purchased all the eligible upgrades. Odd, I have not purchased anything. So, I proceed to click on ‘purchases’ within the mobile app only to see two invoices. One for the new performance boost and the other for FSD,” the report quoted Jon.

Additionally, he mentioned that his credit card was charged $9,700 on January 5 without his authorization.

Back in December, Tesla introduced one-click and the first feature available via the easy-buy feature was the Acceleration Boost upgrade.

Tesla
Some Tesla owners are unintentionally buying expensive software upgrades through the automaker’s app which range from $ 4,000 to almost $ 10,000 and they are facing trouble getting refunds. Pixabay

When McLaughlin contacted Tesla customer service, he was told the products were non-refundable, despite him allegedly not making the purchase in the first place.

Famous scholar and Tesla owner Nassim Nicholas Taleb reported a similar story on Twitter.

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Eventually, Tesla CEO Elon Musk intervened, saying he would make sure Taleb’s issue will get resolve soon. (IANS)