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from the where-there's-firing-there's-smoke? dept.
Tesla has fired several hundred of its employees following performance evaluations. Tesla recently conducted the biggest expansion of its workforce in the company's history, and is struggling to increase production of its Model 3 sedan:
Tesla Inc. has fired an undetermined number of employees following a series of performance evaluations after the company significantly boosted its workforce with the purchase of solar panel maker SolarCity Corp.
The departures are part of an annual review, the Palo Alto, California-based company said in an email, without providing a number of people affected. The maker of the Model S this week dismissed between 400 and 700 employees, including engineers, managers and factory workers, the San Jose Mercury News reported on Oct. 13, citing unidentified current and former workers.
"As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in employee departures," the company said in the statement. "Tesla is continuing to grow and hire new employees around the world."
The company has more than 2,000 job openings on its careers website.
The dismissals come after Tesla said it built just 260 Model 3 sedans during the third quarter, less than a fifth of its 1,500-unit forecast. The company has offered scant detail about the problems it's having producing the car. The vehicle's entry price starts at $35,000, roughly half the cost of Tesla's least-expensive Model S sedan.
Also at NYT, Reuters, and The Mercury News.
(Score: 4, Interesting) by n1 on Sunday October 15 2017, @03:44AM
There are all sorts of skeletons in the Tesla closet, the most successful element of the business is in financial engineering. I used 'apparently' on full capacity because that's what the company claims as why they have a 100,000 target on S & X combined.
Tesla is a 'tech company' by reports and is valued as such... But is has the operational expenditure of a tech, manufacturing, retail and construction company.
They have 'amazing' gross margins on their cars, but do not include R&D of those cars, the sales and admin in selling them, despite owning their own 'service centers and galleries' as being how they're 'disrupting' the market, but do not include any of it in how they calculate their margins. Their charging network is apparently classified as marketing, so the cost of providing free charging facilities to the owners of the previous models doesn't count either.