Tesla to cut 7% of staff as it tries to make the Model 3 cheaper and needs cash
(LA Times Horse Racing)

Tesla Inc. staked its future on the Model 3, envisioning the electric sedan as an affordable option for the masses. Last year, as it pulled itself out of a slew of manufacturing problems that Chief Executive Elon Musk called production hell, the Palo Alto automaker expanded its workforce by 30%....