Tesla's Layoffs: Musk Pushes for Profits

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.This podcast is brought to you by Sense. Sense installs in your home's electrical panel and provides insight into your energy use and home activity through iOS, Android and web apps. Find out more.Recommended reading/listening:GTM: Tesla to Cut Workforce by 9%; Musk Says It Won’t Affect Model 3 ProductionBloomberg: Musk’s Model 3 Miscalculation Culminates in Major Tesla Job CutsHarvard Law podcast with Ari Peskoe on DOE's coal bailoutBloomberg: Trump Prepares Lifeline for Money-Losing Coal PlantsSubscribe to The Energy Gang podcast via Apple Podcasts, Google Play, Stitcher or wherever you find your audio content.And while you're there, subscribe to our other podcasts, The Interchange and Political Climate.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.