Tesla sacks hundreds of workers on Model 3 stall: source

Tesla announced on October 2 that it produced only 260 of the sedans in the third quarter due to "production bottlenecks,&q
Tesla announced on October 2 that it produced only 260 of the sedans in the third quarter due to "production bottlenecks," missing CEO Elon Musk's target of 1,500 Model 3's delivered by September

Tesla Motors, which recently missed its production target on the high-profile "Model 3," has dismissed hundreds of employees following annual performance reviews, a person familiar with the matter said Monday.

A spokesperson for the electric-car maker confirmed the dismissals, but declined to provide the specific number of departures.

"Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved," the spokesperson said.

"As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in departures. Tesla is continuing to grow and hire new employees around the world."

A "vast majority" of the departures are in administrative and sales positions, said a person familiar with the matter.

Tesla, which was co-founded by Elon Musk, announced the first deliveries of the Model 3 cars in July. The Model 3, with a $35,000 list price, is Tesla's first vehicle aimed at the middle market and is key to its growth strategy.

Tesla announced on October 2 that it produced only 260 of the sedans in the third quarter due to "production bottlenecks," missing CEO Elon Musk's target of 1,500 Model 3's delivered by September.


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Oct 16, 2017
"Middle market" is a moving target. Partly because of how you define the middle.

$35k is supposed to be around the average price of a new car, but actually it's $25k

http://wgntv.com/...re-born/

You get to $30k+ if you include light -trucks- in the equation, because the average SUV costs about $35k - but that's apples to oranges. Worse still, by assuming the average person is going to buy a car at $35k is falling for the median-vs-mean fallacy: high end cars are so much more expensive that they nudge the mean upwards, while the median or what half the people are up to, is considerably less. Actually, the "people's cars" can be bought at $18-20k.

And the average selling price of a Model 3 with the usual options - according to Tesla - is expected at around $42k

So with a slight of hand, a car priced for the upper middle class and beyond becomes an affordable car for the masses.

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