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.
New electric transportation company SW/TCH E-Mobility has revealed that it has plans underway to offer electric-powered modes of transit in New York City in 2019, to help commuters during the temporary shutdown of the L train subway.
A new all-electric pilot boat -- called ‘RAlly 1600-E’ -- has been recently unveiled by naval engineering firm Robert Allan which mainly manufactures boats for specialty use, such as tug and barge transportation.
In one of the noteworthy unveiling at the 2018 Paris Motor Show, a new commercial electric cargo scooter was introduced by Gaius Auto.
In a recent press release, US electric vehicle maker Tesla Motors has officially confirmed that it has hit a new record production number in the 2018 third quarter. The news resulted in an increase of 2 points for the TSLA stock.
Energy giant BP has recently announced the acquisition of Chargemaster, the leading charging network operator in the UK.
In a recent email to Tesla employees, the company CEO Elon Musk has stated that the production of Tesla Model 3 units is “quite likely” to surpass the ‘500 vehicles per day’ mark this week.