Tesla's Layoffs: Musk Pushes for Profits

The Energy Gang

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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