Tesla Inc. will let go of about 9% of its workforce in what Chief Executive Elon Musk on Twitter Tuesday called a “difficult but necessary reorg.”
Musk tweeted the email moments after it had leaked to a few media organizations...
...Analysts at Consumer Edge said they viewed the job cuts as “a positive in helping Tesla track toward profitability later this year.” Model 3 production “is still the primary driver of upside to expectations and shares in 2018,” they said...