Tesla is planning to lay off approximately 9 percent of its workforce to cut costs.
In an email first reported by CNBC, Tesla CEO Elon Musk said the company has not “made an annual profit in the almost 15 years since” it was founded.
CNBC estimated that the company will cut approximately 4,100 of its 46,000 employees.
Read the complete article at http://thehill.com/policy/transportation/automobiles/391868-tesla-announces-thousands-of-layoffs
