Tesla sheds jobs in China after missing sales targets

High-end electric vehicle maker Tesla Motors Inc. said Monday it is cutting jobs in China under a restructuring plan launched earlier this year, after missing a sales target in the world’s biggest car market.

The company did not specify how many jobs and declined to comment on some reports suggest it was eliminated 30 percent of its 600-employee staff in China, according to Fortune.

“The first strategy is to build up a strong and efficient team to respond more quickly to the market, so this is part of the effort to implement that strategy,” Tesla spokesman Gary Tao said.

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