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 move, Tesla has marginally increased the price of its Powerwall home battery pack unit.
The Boring Company has recently released the first image of the gantry which it is developing for the ‘Loop’ high-speed underground public transportation system in Chicago.
With electric powertrains increasingly being considered by several logistics firms worldwide for their delivery vehicles, Amazon is planning to go onboard with the purchase of an all-electric van fleet from German automaker Mercedes-Benz.
In a move which will enable Tesla Motors to commence the deliveries of its Model 3 Dual Motor and Performance versions to customers, the EPA has recently released its official ratings for the two versions.
US electric vehicle maker Tesla’s exports to China are possibly on the verge of a possible slowdown because of a recent move by the Chinese government to increase import duties from the current 25% to a significantly high 40%.
According to a recent disclosure by Tesla Motors CEO Elon Musk, the automaker received new orders for more than 7,000 electric vehicles last week.