Tesla's Layoffs: Musk Pushes for Profits

<p>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.</p><p>We'll discuss Elon's new quest for profitability.</p><p>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.</p><p>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.</p><p><em>This podcast is brought to you by&nbsp;</em><a href="https://sense.com/welcome-back-three.html" target="_blank"><em>Sense</em></a><em>. Sense installs in your home's electrical panel and provides insight into your energy use and home activity through&nbsp;iOS, Android and web apps.&nbsp;</em><a href="https://sense.com/welcome-back-three.html" target="_blank"><em>Find out more</em></a><em>.</em></p><p>Recommended reading/listening:</p><ul><li><a href="https://www.greentechmedia.com/articles/read/tesla-lay-off-9-workforce-musk-says-wont-affect-model-3-production#gs.H7ESIyY" target="_blank">GTM</a>:&nbsp;Tesla to Cut Workforce by 9%; Musk Says It Won’t Affect Model 3 Production</li><li><a href="https://www.bloomberg.com/news/articles/2018-06-12/tesla-cutting-about-9-of-workers-on-musk-s-profitability-push" target="_blank">Bloomberg</a>:&nbsp;Musk’s Model 3 Miscalculation Culminates in Major Tesla Job Cuts</li><li><a href="https://soundcloud.com/user-995691545/ari-and-joe-talk-about-leaked-doe-memo" target="_blank">Harvard Law podcast</a>&nbsp;with Ari Peskoe on DOE's coal bailout</li><li><a href="https://www.bloomberg.com/news/articles/2018-06-01/trump-said-to-grant-lifeline-to-money-losing-coal-power-plants-jhv94ghl" ta