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Tesla's Latest Steps In Its Path To Profitability

Trefis Team

The layoffs come at a time when Tesla is looking to eke out its first profit in its fifteen years of existence without having to raise additional capital to fund its operations. Below, we take a look at some of the other steps Tesla has been taking to reach profitability. Elon Musk has projected that Tesla would reach a goal of making 5,000 Model 3 sedans a week by the end of June, up from just about 2,000 units towards the end of the last quarter.