Earlier this year, Tesla announced it would be laying off approximately seven percent of its workforce, with layoffs spread throughout its entire workforce.
Tesla said at the time these firings were part of continued restructuring with the aim of helping it cut costs to bring its $35,000 Tesla Model 3 Standard Range to market.
Despite this however, analysts and fans alike have tried to second-guess what these firings really mean. Others have tried to use it as a warning, claiming that Tesla isn’t doing as well as it would have you believe.
The reality — we’d suggest — is very different, and says more about how Tesla operates as a company (and how it marries to the software industry) than it does the company’s prospects or potential profits.
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