Elon Musk, CEO of the company, reported to employees on an e-mail sent on Friday that there is no choice but to reduce the number of full-time employees, while at the same time increasing the production of Model 3 and improving production technology in the coming months.
Tesla currently employs about 45,000 people, about 7 percent of whom employ about 3150 people. Seven months ago, 9 percent of workers were dismissed for cost-cutting reasons. Only those people who are indispensable to production are contracted and part-time workers.
At the beginning of the month, Tesla lowered the price of all its vehicles in the United States to offset the $ 7,500 tax reduction to $ 3750.
For the first time in the third quarter last year, Tesla reported for the first time a quarterly profit of $ 6.8 billion, generating $ 311.5 million in $ 1.75 per share. This was the third profitable quarter in Tesla's eight-year stock market history, with all the others loss-making.