Tesla to remain listed on stock exchange
Tesla will not be taken private, says Tesla CEO Elon Musk who had planned to privatise the company. Rather than removing it from the stock market, it will now remain listed. Powerful investors had managed to change the mind of the Tesla CEO.
Tesla making 9% of workforce redundant
Elon Musk continues shaking up Tesla. The CEO now announced that his “reorg” will effectively see 9 percent of their workforce laid off. The cuts have already been made. Musk claimed Tesla needed this cost reduction to prove they are on a sustainable mission, that is profitable.