{"id":10974,"date":"2019-01-18T11:06:50","date_gmt":"2019-01-18T11:06:50","guid":{"rendered":"http:\/\/www.fiveminutesspare.com\/news\/?p=10974"},"modified":"2019-01-18T11:06:57","modified_gmt":"2019-01-18T11:06:57","slug":"tesla-to-cut-jobs-by-7","status":"publish","type":"post","link":"https:\/\/www.fiveminutesspare.com\/news\/tesla-to-cut-jobs-by-7\/","title":{"rendered":"Tesla To Cut Jobs By 7%"},"content":{"rendered":"<p><strong>Tesla has said it will have to cut jobs by 7% after the &#8220;most challenging&#8221; year in its history. (Despite their revenue soaring).<\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/infographic.statista.com\/normal\/chartoftheday_9245_tesla_revenue_and_net_profit_n.jpg\" \/><\/p>\n<p>in an email to employees that he also shared on the firm&#8217;s website, Elon Musk said that growth at the firm had been good. But he added the firm&#8217;s cars were still &#8220;too expensive for most people&#8221; and the road ahead was &#8220;very difficult&#8221;. &#8220;We unfortunately have no choice but to reduce full-time employee headcount,&#8221; he said.<\/p>\n<p>He says that at the beginning of the year, Tesla will sell its higher priced Model 3 vehicle in Europe and Asia which &#8220;will hopefully allow us, with great difficulty, effort and some luck, to target a tiny profit&#8221;. But he said the company needs to make a lower priced Model 3 &#8220;as we need to reach more customers who can afford our vehicles&#8221;. Musk said that at the moment, Tesla&#8217;s most affordable Model 3 vehicle is $44,000 (\u00a334,000). He adds: &#8220;The need for a lower priced variants of Model 3 becomes even greater on 1 July when the US tax credit again drops in half, making our car $1,875 more expensive and again at the end of the year when it goes away entirely.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla has said it will have to cut jobs by 7% after the &#8220;most challenging&#8221; year in its history. (Despite their revenue soaring). in an email to employees that he also shared on the firm&#8217;s website, Elon Musk said that growth at the firm had been good. But he added the firm&#8217;s cars were still&#8230;<\/p>\n","protected":false},"author":57,"featured_media":10975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"footnotes":""},"categories":[34,4],"tags":[625,624,626,266,623],"class_list":["post-10974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-headlines","tag-car","tag-cars","tag-electric-car","tag-elon-musk","tag-tesla"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/comments?post=10974"}],"version-history":[{"count":1,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10974\/revisions"}],"predecessor-version":[{"id":10976,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/posts\/10974\/revisions\/10976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media\/10975"}],"wp:attachment":[{"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/media?parent=10974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/categories?post=10974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fiveminutesspare.com\/news\/wp-json\/wp\/v2\/tags?post=10974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}