Volkswagen CEO attacks Tesla for firing hundreds of people while burning through cash
- Volkswagen CEO Matthias Müller attacked Tesla CEO Elon Musk for making big announcements while his actual car business suffers.
- Tesla recently fired hundreds of workers as the company struggles to ramp up production for the Model 3.
Volkswagen CEO Matthias Müller attacked Tesla for burning through cash at an unprecedented rate and firing its workforce.
Muller made his comments while sitting on a panel about the future of the automotive industry. The comments were first reported by the Daily Kanban, which we spotted through Ars Technica.
"If I am correctly informed, Tesla each quarter destroys millions of dollars in the three digits, and it willy-nilly fires its workers," Muller said, as translated from German by the Daily Kanban. "Social responsibility? Please."
Tesla has only turned a profit twice in its company history. Earlier this month, Tesla fired hundreds of workers as it struggles to ramp up production for the Model 3. The company only manufactured 260 vehicles in September when it had targeted 1,500 cars.
The mass firing followed September cuts Tesla made to its solar arm. The company fired dozens of employees out of its Northern California office at the time.
Muller seemed to attack Tesla CEO Elon Musk's propensity for making big announcements while his core automotive business suffers. Per the Daily Kanban:
The comments were made as Volkswagen looks to move past its emissions-cheating scandal. The German automaker paid regulators $14.7 billion in a settlement.
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