electric amika tesla has to cut almost a tenth of its workforce needing more than three thousand people will lose their jobs in an e-mail to stop c.e.o. elon musk wrote what drives us is our mission to accelerate the world transition to sustainable clean energy but we will never achieve that mission unless we eventually demonstrate that we can be sustainably profitable. that's a lofty mission statement that's certainly come at a cost in its fifteen years of existence tesla has not has not once turned an annual profit but in recent times the situation has worsened the first quarter of this year the company posted more than seven hundred million dollars in losses its worst ever performance that along with other problems like the departure of senior staff and crashes involving electric cars and self driving mode has prompted the company to restructure key to efforts to finally drive a profit is this the top selling model of three cities the plan is to increase production from the current three thousand five hundred a week to five thousand a target is hoping to reach as soon as the end of j

that's despite a proposal by some shelters to strip him of his role as chairman of the electric amika the movement's tesla's annual meeting would have left most holding only the title of c.e.o. it comes amid worries over the new loss of a new losses at the company but an overwhelming majority of shareholders voted against it after that tesla was on track to meet production targets for its new mass market a sedan the model three he also said the company would open its first factory outside the u.s. in shanghai. to india where the central bank on wednesday has raised its key interest rate by a quarter of a percentage point to six point two five as inflation rose following an increase in global oil prices it is the first interest hike in four years and it comes after the weak rupee threatened growth which the r.b.i. estimates to hit seven point four percent the rate increase is expected to hit barra's as interest rates on home loans car loans or personal loans i suspect is to go up just as the government's reforms seem to bear fruit. in four years prime minister narendra modi has revamped the indian economy la