View Full Version : Tesla Lays Off Thousands of Workers Days After Elon Musk Flamethrower Party

06-13-2018, 04:49 PM
Tesla Motors, the electric car company founded by billionaire Elon Musk, is cutting roughly 9 percent of its workforce, according to a company-wide email.

The company, which currently employees 46,000 workers, will show 3,500 people the door amid struggles to meet its production rate of 5,000 Model 3 cars in a single week by June’s end.

“Tesla shares pared an earlier gain of as much as 6.9 percent and were up 4.5 percent to $347.19 as of 1:46 p.m. in New York trading. The stock is up about 11 percent this year,” Bloomberg reports


Angry Old White Man
06-13-2018, 05:58 PM
How did the fool become a billionaire, he is really bad at math

06-13-2018, 06:33 PM
How did the fool become a billionaire, he is really bad at math

He is using a digital age business plan of making a profit by running a business of government grants and handouts. It is the model for a lot of businesses. Twitter and Snapchat are two that come to mind. They get government grants by doing research and developing applications that the government may find useful. That is an oversimplification of things but basically correct.

06-13-2018, 10:11 PM
...and Obama was very, very supportive of Musk's "efforts".