Tesla Announces Layoffs

<br /> Tesla has announced that it would lay off 7% of its workforce— about 3,000 workers — to turn its plan to create a $35,000 Model 3 into a reality in "all markets," CEO Elon Musk said in a company statement Friday.<br />Musk spelled it all out in a message to employees, but what he didn't mention was Tesla's additional pressure of a $900 million bond payment coming due in March. <br />