Tesla News: Layoffs, Puerto Rico and Model 3 Charges

Tesla News Layoffs, Puerto Rico, Model 3 Charging

Tesla Layoffs; What Does it Mean?

Tesla has been busy, but not in the way Tesla fans had hoped. The Model 3 production goals didn’t materialize and now Tesla employees are finding themselves without a job. A Tesla spokesman had this to say:

“Like all companies, Tesla conducts an annual performance review during which a manager and employee discuss the results that were achieved, as well as how those results were achieved, during the performance period. This includes both constructive feedback and recognition of top performers with additional compensation and equity awards, as well as promotions in many cases. As with any company, especially one of over 33,000 employees, performance reviews also occasionally result in employee departures. Tesla is continuing to grow and hire new employees around the world.”

Initial reports estimated the dismissals at 400 people, but more recent reports have been as high as 1,200. The “departures” include many employees from Tesla’s SolarCity branch.

Tesla Helps Power Puerto Rico

Tesla and Sonnen are working to restore Puerto Rico’s power following the widespread devastation of Hurricane Maria. In a small victory, power was restored to San Juan Children’s Hospital and work continues on critical areas through out the island. Tesla, with the approval and support of Governor Ricardo Rossello, is planning to use the island as a solar microgrid model for the world.

Going Back on a Promise: Model 3 Charging Fees

In November of 2016 Tesla made an announcement about charging that led many to believe the Model 3 would be given an annual credit. For those of you who budgeted the costs of owning a Model 3, including the credit, you will need to adjust your figures. Tesla will not be giving credits to Model 3 owners. Some outlets have worked out the increase in ownership costs to $1000 per year.

Some are feeling let down by this recent development, as it seems Tesla’s announcement last year was misleading. Let’s hope the risk of alienating Model 3 customers is easily balanced by the cost effectiveness of denying the charge credit. Although, with a much higher demand for Model 3’s than expected and production problems, perhaps that is exactly what Tesla wants.