The cuts were supposedly prompted by Tesla's quest to sell as many Model 3s as possible during 2018, which included immediate deliveries and warnings about expiring tax credits. The EV maker was "plucked clean" or North American reservation holders willing to pay existing prices for the Model 3, which still costs over $ 42,000 before incentives ̵
Tesla has declined to comment. It may not have too much reason for the rumor to be true, though. The company has managed two profitable quarters in a row on the back of both Model 3 sales and earlier layoffs, and its goal remains to turn a profit every quarter in 2019. It's unclear how many of its current sales revolve around reservations or the Las Vegas facility, for that matter. The job cuts may be a sign of trouble, but it's unclear if that trouble would be serious or just a letter blip.