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EDITORIAL: Tesla job cuts punctuate a cautionary tale [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
help make the company become what Musk described as "lean, innovative and hungry for the next growth phase cycle." The layoffs plan hit home this week, with multiple local television news stations reporting some employees of Tesla's south Buffalo plant were told, via email, that their jobs were included in the company-wide cuts. These things happen to businesses all the time as they are subject to an ever-changing landscape of economic conditions and sales preferences and seemingly continual increases in the costs of purchasing goods. Still, Tesla is, or at least should be, of particular interest to New Yorkers. After all, state taxpayers picked up $950 million worth of the cost of building the south Buffalo Tesla plant in the first place. The whopping incentive, which was authorized and endorsed under former Gov. Andrew Cuomo, was, at the time, expected to result in a huge uptick in the region's economy and, at the very least, hundreds of new, well-paying jobs. Tesla is r
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