Opinion: Elon Musk thinks layoffs will keep Tesla profitable as $35,000 Model 3 arrives

in #tesla5 years ago

Elon Musk is full of promises. Today, he kept one of them only three years after he made it.

Musk announced the introduction of the $35,000 version of the Model 3. In a move to remain profitable, Tesla is going to close the retail sales outlets and lay off its salespeople.

The company is going to sell the cars online only. With the scaled back options, it is much easier to do than before.

Tesla has a bond payment due tomorrow that could come in close to $1 billion. The company has $3.75 billion cash on hand.

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