Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring [MSNBC.com]
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Source: MSNBC.com
Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to aWARN notice filedEarlier this week,Tesla CEO Elon Musk sent a company-wide memoThe layoffs disclosed in Buffalo comprise a 14% reduction in headcount there.Tesla took over the Buffalo factory after they completed a $2.6 billion acquisition of solar installer SolarCity in 2017.The acquisition of SolarCity by Tesla was widely criticized as a bailout for an ailing solar business with deep ties to the Tesla CEO and board. Musk funded and co-founded SolarCity with his cousins, Lyndon and Peter Rive, and served as chairman there. Another Musk company, SpaceX, had purchased SolarCity bonds and if the company had gone bankrupt, they would have lost their investment as well.Empire state taxpayers doled outaroundIn 2023, solar deployments by TesladeclinedTesla's energy division still generates most of its revenue through sales of backup batteries, also known as battery energy storage syst
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