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Tesla layoffs: Elon Musk says job cuts required to fuel profits

CBS News
Tesla layoffs: Elon Musk says job cuts required to fuel profits

DETROIT - Electric car maker Tesla is laying off about 3,600 white-collar workers as it slashes costs in an effort to become profitable. CEO Elon Musk said in an e-mail to workers Tuesday that the cuts amount to about 9 percent of the company's workforce of 40,000. "We made these decisions by