News

Tesla Set to Implement “Hardcore” Cost-Cutting Measures

Tesla to Tighten the Belt

Without a doubt, one of the most desired and fashionable car brands out there at the moment is Tesla. With its highly innovative designs and fully-electric ethos, consumer demand for their cars has been very high for the last few years.

Tesla does, however, have two pretty substantial problems. Firstly, that it’s struggling to actually get cars off the manufacturing line, and secondly, that they’re bleeding money!

In a report via CNET, however, a new initiative by the company will see a “hardcore” level of cost-cutting introduced to try and help balance the books.

Cost-Cutting

With a recent $2.7bn in funding raised for the company, the newly appointed CFO Zach Kirkhorn will reportedly be overseeing every single outgoing payment. In addition, Elon Musk will also reportedly be taking a more active role in ensuring costs are kept to a minimum.

The cost-cutting measures are reportedly going to take a long hard look at many areas of the business. This includes part-costs, rentals (presumably for plants and showrooms) and, of course, salaries.

What Do We Think?

Since it’s foundation, Tesla has only ever actually reported a profit for around 2-3 quarters. With them reporting huge losses in the most recent (around $750,000,000) clearly things need to improve.

Hopefully, neither jobs nor quality will be compromised in these cuts. It is, however, entirely logical to see them making this decision.

What do you think? – Let us know in the comments!

Mike Sanders

Disqus Comments Loading...

Recent Posts

Trust Gaming GXT 609 Zoxa 2.0 PC Speakers

SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…

4 hours ago

PowerA Wired Controller for Nintendo Switch

Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…

4 hours ago

Logitech G Saitek PRO Flight Rudder Pedals

Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…

4 hours ago

Logitech G Saitek Farm Sim Controller

Heavy Equipment Bundle: Includes a steering wheel for heavy machinery, gas and brake pedals, and…

4 hours ago

Razer Ornata V3 X – Low Profile Gaming Keyboard

Low-profile Keys for an ergonomic gaming experience. With slimmer keycaps and shorter switches, enjoy natural…

4 hours ago

Glorious Gaming Model O Wired Gaming Mouse

Size & style: Ambidextrous lightweight mouse for gaming. Built for speed, control and comfort, with…

4 hours ago