On the Road to Make an Affordable Car, Tesla Cuts Jobs
A Tesla Model S electric car is seen at its dealership in Seoul, South Korea July 6, 2017. Tesla is a story of many small setbacks, but great success. REUTERS/Kim Hong-Ji/File Photo
Tesla will cut 7 percent of its workforce as it tries to lower prices and break out of the niche-car market to produce an electric vehicle that more people can afford.
Tesla’s cheapest model right now is the $44,000 Model 3, and it needs to broaden its customer base to survive.
