Energy Gang Tesla's Layoffs: Musk Pushes for Profits
Elon Musk announced Monday that Tesla is laying off 9 percent of salaried employees at the company. This is not the first round of sweeping layoffs at Tesla — the most recent came after the SolarCity acquisition. But this appears to be the biggest so far.
We'll discuss Elon's new quest for profitability.
Then, we'll cover the never-ending saga in Washington over saving coal plants. The Trump Administration is now trying to invoke national security to prop up closing coal and nuke plants – and the nation’s top energy regulators are giving it the cold shoulder.
Finally, The Energy Gang is celebrating its fifth anniversary this week. To mark the occasion, we'll each pick a single moment from the last five years caused an unstoppable ripple in the world of energy.
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Recommended reading/listening:
- GTM: Tesla to Cut Workforce by 9%; Musk Says It Won’t Affect Model 3 Production
- Bloomberg: Musk’s Model 3 Miscalculation Culminates in Major Tesla Job Cuts
- Harvard Law podcast with Ari Peskoe on DOE's coal bailout
- Bloomberg: Trump Prepares Lifeline for Money-Losing Coal Plants
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