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Tesla Cutting 9% Of Staff As It Tries To Ramp Up Model 3 Output

Investor's Business Daily
Tesla Cutting 9% Of Staff As It Tries To Ramp Up Model 3 Output

Tesla (TSLA) is cutting 9% of its workforce at a time when the electric-car company is aggressively ramping production for its Model 3 sedan, CNBC reported Tuesday. The cutbacks also come at a time when Chief Executive Elon Musk has said Tesla would be profitable in the third and fourth quarters. Musk