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Tesla fired hundreds of employees in past week - Mercury News

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Tesla fired hundreds of employees in past week - Mercury News

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(Reuters) – Luxury electric vehicle maker Tesla Inc <TSLA.O> fired between 400 and 700 employees this week, including engineers, managers and factory workers, Mercury News reported on Friday, citing interviews with former and current employees. 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. http://bayareane.ws/2gb3PB8 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. The company delivered 220 Model 3 sedans and produced 260 during the third quarter. In July, it began production of the Model 3, which starts at $35,000 – half the starting price of the Model S.

(Reporting by Kanishka Singh in Bengaluru; Editing by Andrew Hay)
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