Tesla looks to lay off Workers, CEO may Leave Blog Post at Automotive.com
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Tesla looks to lay off Workers, CEO may Leave

Posted October 20 2008 06:04 AM by staff 
Filed under: Miscellaneous, Hybrid

Competition is merciless, and in poor economic times can especially be cutthroat.



Tesla, the harbinger of an excellent idea, may not be doing so hot as the fledgling automaker is rumored to be laying off 100 workers. This is following rumors that CEO Ze’ev Drori might be calling it quits as well. A hundred workers may not sound like much compared to other automakers who lay off thousands at a time, but considering Tesla’s size, it’s pretty substantial.

The U.K. based automaker has garnered a fair bit of positive press with its performance electric roadster along with a culmination of talent and investors. The ultimate goal was to move Teslas into mass production with a factory in San Jose, CA, which no longer appears likely.

Our take? While it doesn’t seem like Tesla has any immediate competition, other automakers with serious cash are likely working on rectifying that as we speak. Hopefully Tesla can gain the head start they need to remain a serious contender.


via Car Connection



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