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Will Tesla lose its tax incentives, rebates because of Austin layoffs? [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
‘It's heartbreaking': Tesla employees in Austin blindsided by layoffs But will any of that go away because of the Austin-based company's recent round of layoffs? Experts KXAN spoke with don't think so. The layoffs On Monday, news broke that Tesla is firing more than 10% of its workforce globally. Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report Tesla CEO Elon Musk detailed the plans in a memo sent to employees. Musk's memo said as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” The New York Times and CNBC reported. KXAN reached out to Tesla for additional comment but has not heard back yet. Some of those employees are in Austin. KXAN spoke with one of them who asked us to conceal their identity. “It was very, very cold. I'm a single father. It's sickening. It's honestly stomach turning.” Former Tesla Emp
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