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Tesla to slash thousands of jobs after 'challenging' year

Tesla plans to cut thousands of jobs after the "most challenging" year in the electric car maker's history.
It is the second round of cuts this financial year after the company eliminated 4,100 jobs in June.
In a letter to employees, chief executive Elon Musk said the jobs cuts were necessary to improve profitability as it ramps up production of its crucial mass-market Model 3.
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