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.
On Wednesday, German automaker Audi announced at its annual meeting that it plans to build 20 new electrified cars by the year 2025. The automaker also added that most of the planned electrified cars will be battery-powered vehicles.
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.’
In a surprising move reported by Motorsport.com, Formula E founder and CEO Alejandro Agag has made a bid of €600 million for the outright ownership of the electric racing series.
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.
According to media reports, the owners of Nissan’s new LEAF electric vehicle (EV) are apparently displeased with the automaker for having provided misleading information about the car and its charging time.
In response to recent reports about the Tesla Semi electric truck prototype having been spotted in Arkansas, Tesla CEO Elon Musk has commented that the truck was driven “across the country alone.”