Tesla has announced plans to reduce its full-time workforce by 7% as it works to increase Model 3 production and cut prices. CEO Elon Musk told workers about the job cuts Friday in a letter that Tesla posted online. The company will only retain the most critical temps and contractors, Musk said. Must wrote in the letter that Tesla is "up against massive, entrenched competitors" and must work "much harder than other manufacturers to survive while building affordable, sustainable products." "To those departing, thank you for everything you have done to advance our mission," he said. "I am deeply grateful for your contributions to Tesla." Tesla currently has about 45,000 employees, so 3,150 people will be losing their jobs. The layoffs follow a surprise profit of $312 million for Tesla in the third quarter driven by solid sales of the Model 3. But Musk said Friday that unaudited results indicate Tesla will produce less profit in...
A series of storms moving across the country will bring significant snow and ice to the north and heavy rains to the south Friday and into the weekend. Roughly 100 million people are under some form of a winter storm watch, warning or advisory across the United States. The storm is already affecting travel with nearly 450 flights canceled as of Friday morning, according to FlightAware.com. Airlines are issuing waivers for travelers traveling in the Midwest and Northeast. Major metro areas on the East Coast likely will face light snow Friday ahead of and during the morning commute. The storm should move so quickly that accumulations are expected to remain low in New York and Boston. The second storm is associated with the same upper-level energy as the West Coast storm that has dumped inches of rain in cities such as Los Angeles and caused blizzard conditions in the Sierra Nevada. Source: CNN