Tesla to cut ten per cent of global workforce

Sky News Business Editor Ross Greenwood says car marker Tesla’s shares have “slumped heavily overnight”. Tesla said it will cut ten per cent of its global workforce in the “face of falling sales and tighter margins,” Mr Greenwood said. “At the end of last year, Tesla had 140,000 employees,” he said. “It is being squeezed by falling demand in the US. “The Tesla share price, which is down 35 per cent this year, fell 5.59 per cent overnight and even further in after-hours trading.”