Tesla to cut jobs as cars ‘too expensive’

Elon Musk and Shanghai"s Mayor Ying YongImage copyright
Reuters

Electric carmaker Tesla has said it will cut jobs by 7% after the “most challenging” year in its history.

In an email to employees, shared on the firm’s website, founder Elon Musk said that growth at the firm had been strong.

But he added the firm’s cars were still “too expensive for most people” and the road ahead was “very difficult”.

“We unfortunately have no choice but to reduce full-time employee headcount,” he said.



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