Tesla sacks several hundred employees

Delhi | Monday | 16th October, 2017

Summary:

Ahead of X-Mas festivity, Tesla has fired between 400 to 700 employees following a series of performance evaluations after the company significantly boosted its workforce with the purchase of solar panel maker SolarCity.

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Ahead of X-Mas festivity, Tesla has fired between 400 to 700 employees following a series of performance evaluations after the company significantly boosted its workforce with the purchase of solar panel maker SolarCity.

In September, Tesla announced it was phasing out 63 positions at SolarCity`s Roseville, California office.

The dismissals come after Tesla said it built just 260 Model 3 sedans during the third quarter, less than a fifth of its 1,500-unit forecast.

The vehicle`s entry price starts at $35,000, roughly half the cost of Tesla`s least-expensive Model S sedan.

The departures are part of an annual review the company said in an email.

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