The automaker said the 9 percent reduction, mostly limited to salaried employees, was part of a broad reorganization and would not affect production.
Elon Musk, the electric-car company’s chief, said Tesla would lose money and die if it began selling the cheapest version of its mass-market car too soon.
But the chief executive, Elon Musk, said the electric-car maker would be profitable in the second half of the year if it met its production goals.
The chief executive said the electric-car maker would be profitable in the second half of the year if it met its production goals.
The maker of electric cars expects to idle its assembly line for several days to clear impediments that have held production well below the company’s targets.
The electric-car maker said output of its first mass-market offering, the Model 3, was up to 2,000 a week. But that’s still short of the goal set by Elon Musk.
After teasing “important news” to come, he tweeted: “Tesla has gone completely and totally bankrupt. So bankrupt, you can’t believe it.”
Production delays and other problems have presented the electric-car maker and its founder, Elon Musk, with a crisis of confidence among investors.
The automaker plans to widen its range of sport-utility vehicles, including some all-electric or hybrid models, to better compete with rivals.
The investment by Li Shufu, the chairman of the Geely automotive group, represents 9.69 percent of the German carmaker.
The electric-car maker, reporting another quarterly loss, is scrambling to root out glitches in the manufacturing of its first mass-market offering.
GAC Motor said it planned to bring an S.U.V. to the United States in 2019. It may use Fiat Chrysler dealerships hungry for new models.
The move will take advantage of lower costs and clear the way for a new Michigan plant to make driverless vehicles instead, which Ford said would mean even more jobs.
Aiming to remake a multibillion-dollar industry, the automaker said it would have a semi for sale in two years that would be nearly self-driving.
The executive, Jim Hackett, told investors that the company would focus development on trucks, S.U.V.s, and electric or self-driving vehicles.
The electric-car maker’s shares are off sharply after a report of production trouble, giving General Motors back its No. 1 spot after less than three months.
The electric-car maker’s shares are off sharply after a report of production trouble, giving General Motors back its No. 1 spot after less than three months.
After years of producing luxury cars in small numbers, Tesla hopes sales of its new model, priced around $35,000, will push its output to 500,000 cars a year.
California has 30 hydrogen refilling stations, and automakers are poised to add stations in the Northeast, from New York to Boston.
The electric-car maker said it produced 25,418 vehicles in the first quarter, compared with 15,510 a year ago. The company wants to produce 500,000 cars in 2018.