Tesla restructuring will have substantial impact on its energy division
According to a Reuters report, Tesla CEO Elon Musk’s announcement about the company’s restructuring plans in May 2018 will have a substantial impact on the Tesla Energy division.
In connection with the last-month announcement of plans to restructure Tesla Motors and flatten its management, it was revealed last week by Musk that the move will result in the laying off of nearly 9% of the company’s workforce.
A recent Reuters report has revealed that restructuring by Tesla will deliver a big blow to Tesla Energy, which had already undergone a significant restructuring two years back, when Tesla acquired SolarCity. That restructuring resulted in jobs losses for 20% of SolarCity’s workforce, in an effort to eliminate duplicate positions from the two organizations.
As per the report, the Tesla Energy division will again be hit hard by the latest Tesla restructuring move announced by Musk, because it will apparently lead to the shutdown of 13 or 14 of the company’s 60 solar installation facilities.
Going by an internal company list reviewed by Reuters, the impending closure of 13-14 solar installation facilities will affect the jobs of employees in 9 states in which the closures are targeted. These states include California, Texas, Maryland, New York, New Jersey, New Hampshire, Delaware, Connecticut, and Arizona.
In a recent announcement, Dongfeng Nissan Passenger Vehicle Co. -- a joint venture between Nissan Motor Co and Dongfeng Motor Group Co -- said that it has commenced the production of the Nissan Sylphy Zero Emission electric car in China.
With the 2019 Chevy Volt PHEV scheduled for availability this fall, General Motors (GM) has recently announced an upgrade to the vehicle, in order to bring some new features on board.
The Union of Auto Workers (UAW) has warned that the increasing adoption of electric vehicles (EVs) in the US could have a devastating effect on the jobs in the country.
At Pebble Beach Automotive Week in Monterey, California, on Thursday, a stunning electric supercar prototype was unveiled by German automaker Audi. The prototype is called ‘Audi PB 18 e-tron.’
According to a recent EV magazine Electrek’s report, General Motors (GM) is bringing some new updates to its sole all-electric vehicle, the Chevy Bolt EV, with the forthcoming release of the vehicle’s third model year.
California-based electric vehicle manufacturer Tesla Motors has released some hitherto-unknown information about its newest generation of battery cells -- the 2170 li-ion cells -- which have been designed for the company’s Model 3 electric vehicle