CEO Elon Musk announced that Tesla will lay off 9 percent of the company’s workforce to boost profitability while promising to deliver 5,000 Model 3 cars a week by the end of June. Tesla hasn’t made an annual profit in 15 years and posted its largest quarterly loss this year.
Following claims that Ecuador spent $5m to protect Julian Assange, the country removed extra security at its London embassy. The WikiLeaks founder has been at the embassy since 2012 after being granted asylum and believes he will be extradited by the U.S. if he leaves.
Lance Armstrong reached a settlement of $5 million to settle claims that he defrauded the federal government, avoiding a potentially far costlier trial. The Tour de France cyclist used performance-enhancing drugs while sponsored by the U.S. Postal Service team.