Tesla CEO Elon Musk plans to "flatten" the company's structure, he told employees in a memo obtained by CNBC Monday.
"To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company," Musk said.
The Wall Street Journal first reported about the memo. Tesla declined to comment to CNBC.
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Tesla has recently been burning through billions in cash and Musk had warned that the company would be making some changes.