A storm was already brewing in January when Musk announced that 2,500 workers, 7% of the workforce, would be laid off. That came after 9% were laid off the previous June, with Musk saying, “We are making this hard decision now so we never have to do this again.” After two profitable quarters in late 2018, it seemed the time had come for Musk to buckle down and make good on his promise to deliver a mass-market car efficiently and profitably. Then came the first quarter from hell.

Source: Los Angeles Times May 21, 2019 13:04 UTC