In a memo to his car manufacturing company, Elon Musk said that Tesla would be laying off 9% of its workforce, which equates to about 3,000 jobs. This is the latest move by the electric car manufacturer to stem its outward cash flow, which has only grown since the delivery of its first vehicle six years ago.
https://www.notebookcheck.net/Tesla-cuts-9-of-staff-in-an-effort-to-bandage-its-cash-hemorrhage.308684.0.html
Haha. Fake news. Must be one of the shorts that got burned. Or just a jealous rube who is mad that you can't afford a Tesla. Sad!
It is not all about profits. Lets just look at what this smallish company has managed to do to the auto industry in just 8 years. Most of other manufacturers are moving to electric, partly because of Tesla. Li ion battery advancements have been quite clearly pushed by Tesla + Panasonic. The autonomous driving stuff has been pushed by Tesla. Tesla has redefined the levels of performance you can get for 100K $. Tesla has raised the awareness to the fact that electric tech is feasible in the long run.
So the fact that Tesla is not profitable is the least important thing really. For the ones interested in money and business, it might be. For normal people, Tesla has done more than many of its much older rivals.
This just means they sell dirty cheap while improving and investing everything they got. It's not money making company, its world improving one.
Biggest bubble of our era. Not surprised we got a few delusional fans below.
Guys, the article isn't claiming that Tesla has had no innovations or that it hasn't had an impact on the advancement of the automotive industry etc (which is what your rebuttals focus on).
The article is about the fact that the company has to lay off a substantial number of people who now need to find work elsewhere to support their families. And that Elon Musk has said the reason they need to do this is because they aren't profitable. Profitability is a key performance metric to measure the longevity of a business. No profit means no longevity, especially not when your expenditure is as high as Tesla's.
TL;DR - The article is about Tesla's struggles to become profitable, not about whether they are a company doing good things or making good products.