Tesla fired about 400 employees in past week - News Summed Up

Tesla fired about 400 employees in past week


The dismissals were a result of a company-wide annual review, Tesla said in an emailed statement, without confirming the number of employees leaving the company. "It's about 400 people ranging from associates to team leaders to supervisors. Though Tesla cited performance as the reason for the firings, the source told Reuters he was fired in spite of never having been given a bad review. The Palo Alto, California-based company said earlier in the month that "production bottlenecks" had left Tesla behind its planned ramp-up for the new Model 3 mass-market sedan. In July, it began production of the Model 3, which starts at $35,000 - half the starting price of the Model S.Mercury News had earlier reported about the firing of hundreds of employees by Tesla in the past week.


Source: bd News24 October 14, 2017 02:03 UTC



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