Tesla Reduces Model S and Model X Production

The transcript discusses Tesla's recent layoffs and production cuts, focusing on the impact on production workers and the shift in focus to the Model 3. It highlights challenges in demand for the Model S and X, market conditions in China, and the significance of the Giga Factory. Investor concerns about Tesla's growth and efficiency are addressed, along with future challenges and objectives, including the need to deliver a $35,000 car.

What is the significance of the layoffs affecting production workers at Tesla?

What are some of the challenges Tesla faces in scaling production?