This week might be one of the worst FUD repost weeks since Elon’s Weedgate FUD catastrophe. Tesla announced at the end of the week that it will be cutting 7% of its workforce.
Tesla’s announcement that it is laying off 7% of its workforce sent shockwaves through the investment community yesterday, with some analysts predicting a grim future for the company. Are they right?
Tesla has given little explanation for why hundreds of workers were fired last week, other than to say it was the result of annual performance reviews. But is that the whole story?
There won’t be any mass layoffs in China, according to Tesla’s communications director in China, in contradiction to recent reports from the country claiming that Tesla was going to fire ~30% of its labor force after missing its 2014 sales goals. So why would reports that Tesla was going to downsize, … [continued]
