It's OFFICIAL: Tesla's Elon Musk CONFIRMS That It Will Lay Off Nine Percent Of Its Workforce

Smoke and mirrors Musk said, "We don't need no stick'n workers!"

If people actually read the article, rather than react to the click-bait headline, you will see that he is cleaning up the white collar workforce. From the sound of it, this was something that needed to be done. People duplicating effort and so on. No production workers are involved.

Oh, c'mon. You don't really buy that spin, do you?

A reduction is a reduction is a reduction.

I still am positive on TSLA but layoffs are never good. Especially when it's your largest downsizing in the company's history.

I don't call it a spin, but whatever. They stated the reductions are all coming from office staff, not the manufacturing floor. Yes, it's a reduction. But without knowing how top heavy the company had become, there's no way for an outsider to determine what the impact to the overall business operation will be.

I have no skin in this game, but I am hoping that Tesla is successful, as I'll seriously consider an EV for my next car. Choice and competition is good for all consumers.

Stock tends to rise when companies lay off a small percentage of workers, the operation becomes more efficient if done right. Not saying layoffs are a good thing, would rather they never happen.

The people in here who complain that they aren't profitable should be applauding efforts to change that.

Layoffs are the beginning of the end.

He is cutting costs because he is running out of money. Not to worry, he will sell it to a Chinese company and keep his own cash.

People in here hate Musk, but love Trump - a guy who filed for bankruptcy multiple times and has a long record of stiffing business partners, suppliers and service providers.

Seems odd.