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CNET NewsJan 18, 2019
Tesla to slash 7 percent of its workforce, CEO Elon Musk says - Roadshow
The CEO ties the cuts to challenges of the Model 3 last year.

Yahoo Tech - Apple MacJan 18, 2019
Tesla cuts jobs as it looks to make Model 3 more affordable
The company, which has struggled to achieve long-term profitability and keep a tight lid on expenses, also said it expects fourth-quarter profit to be lower than the preceding quarter. Chief Executive Officer Elon Musk said the need for lower-priced versions of Model 3 will become even greater from July, when the U.S. tax credit again drops in half, adding $1,875 to the car's price tag, and again at the end of the year when it goes away entirely. The phase-out of the electric vehicle tax break confronts Tesla with the choice of raising prices at the risk of losing customers or slashing costs by thousands of dollars per vehicle, a herculean task for an automaker.

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