Tesla to Cut About 3,000 Jobs
Electric carmaker Tesla has said it will cut its workforce by 7% after the "most challenging" year in its history.
Electric carmaker Tesla has said it will cut its workforce by 7% after the "most challenging" year in its history. In an email to staff on the firm's website, founder Elon Musk said that growth had been strong. But he added it was difficult to make Teslas with their new and developing technology as cheaply as conventional cars, and the firm's cars were still "too expensive for most people". We hear from Caroline O'Donovan, Tesla reporter for the Buzzfeed. It’s already the longest partial American government shutdown in history, and all the signs are that it’s going to get even longer. We find out what business opinion-formers have have to say on the situation. Plus we look back at the rest of the week's big business stories with independent business commentator Patricia O'Connell in New York, and Max Colchester of the Wall Street Journal in London.
Throughout the programme we are joined by Robert Milliken, Australia correspondent for the Economist in Sydney.
(Picture: A Tesla Model S. Picture credit: Justin Sullivan/Getty Images)
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- Sat 19 Jan 2019 01:06GMTΒι¶ΉΤΌΕΔ World Service
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Business Matters
Global business and finance news and discussion from the Βι¶ΉΤΌΕΔ