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Tesla Cuts 9 Percent of Workforce in Search for Profit

Tesla is cutting several thousand jobs across the company as it seeks to reduce costs and become sustainably profitable without endangering the critical ramp up of production of its Model 3 sedan. In an email he said had been sent to staff, billionaire Chief Executive Elon Musk said on Tuesday the cuts were part of a simplification of Tesla's management structure promised last month. "As part of this effort, and the need to reduce costs and become profitable, we have made the...

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