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WSJ: Tesla Motors To Reduce Workforce

As per an article published in the Wall Street Journal, Tesla Motors, Inc. (TSLA) is about to reduce 7% of the company's full time workforce. The move could help the company to reduce the price of Model 3 Sedan, Tesla CEO Elon Musk stated. Tesla is planning to increase the production of Model 3 Sedan in the coming months.

The company's Model 3 comes with the option of dual motor all-wheel drive, 20" Performance Wheels and Brakes and lowered suspension. The Model 3 can accelerate from 0-60 mph in 3.3 seconds.

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