Tesla is cutting 9 percent of its workforce, wants fully autonomous cars by August


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Embattled electric carmaker Tesla is laying off more than 4,000 workers — 9 percent of its workforce — in its push for profitability, CEO Elon Musk confirmed on Tuesday.

Musk posted the details of the “difficult, but necessary Tesla reorg” on his Twitter feed, laying out the reasoning in a letter that he sent to all employees.

“To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company,” CEO Musk said in the letter.

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