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(Reuters) - Tesla Inc said on Wednesday it is reducing production hours for higher-priced Model S and Model X cars, just days after saying it would cut jobs as the electric carmaker looks to make more affordable versions of the Model 3 sedan. The shares of the company fell 4.2 percent to $286.09. Tesla also faces the unenviable choice of raising prices at the risk of losing customers or slashing costs by thousands of dollars per vehicle as the electric vehicle tax break started to phase out from earlier this month.

Chief Executive Officer Elon Musk had said earlier this month that Tesla will no longer be taking orders for the 75 kWh version of the Model S and X to streamline production, “As a result of this change and because of improving efficiencies in our production lines, we have reduced Model S and X production hours accordingly,” a Tesla spokesperson said in an email, “These changes, along with continuing improvements, give us the flexibility to increase our production capacity in the future as british airways cufflinks needed.”..

The company said it will provide more details on the earnings call scheduled for next Wednesday. A reduction in tax credit added $3,750 to the price of Tesla’s electric cars starting Jan. 1. Musk had said the need for lower-priced versions of Model 3 will become even greater from July, when the U.S. tax credit again drops in half. This would add $1,875 to the car’s price tag. The tax credit is set to go away entirely at the end of 2019. (This story corrects to remove extraneous word “layoffs” in paragraph five.).

(Reuters) - Verizon Communications Inc is british airways cufflinks cutting about 7 percent, or about 800 jobs, at its media unit, it said on Wednesday, The cuts are in addition to a voluntary separation program announced by Verizon in December that will see about 10,400 employees leave by the middle of 2019, Verizon Media, formerly called Oath and home to its Yahoo and AOL divisions, had 11,385 employees at end of 2018, The unit has struggled to improve Verizon’s digital advertising business, which competes with the likes of Facebook Inc and Alphabet Inc’s Google for ad dollars..

WASHINGTON (Reuters) - Lawyers representing owners of Fiat Chrysler diesel vehicles told a U.S. judge they are seeking up to $106.5 million in legal fees and out-of-pocket costs in connection with a settlement over excess vehicle emissions, but they are in talks to finalize the amount, officials said Wednesday. The attorneys said in a filing late on Tuesday they had reviewed more than 4 million pages of documents and were involved in almost 100 depositions. They seek up to $99.5 million in legal fees and $7 million in costs.

Ken Feinberg, a court-appointed mediator, said at a hearing on Wednesday there has been no agreement over the amount of the legal fees, but talks have been ongoing between Fiat Chrysler, German auto supplier Robert Bosch GmbH [ROBG.UL] and lawyers for 104,000 vehicle owners, U.S, District Judge Edward Chen said he hoped an agreement could be reached by early February, The Italian-American automaker on Jan, 10 announced it settled british airways cufflinks with the U.S, Justice Department, the state of California and diesel owners over civil claims that it used illegal software that produced false results on diesel-emissions tests..

Fiat Chrysler estimated the value of the settlements at about $800 million, a figure that could potentially rise to more than $900 million with the legal fees. Bosch, which provided emissions control software for the Fiat Chrysler vehicles, also agreed to pay $27.5 million to resolve claims from diesel owners. Under the settlement, Fiat Chrysler and Bosch will give owners $307.5 million or about $2,800 per vehicle for diesel software updates. Fiat Chrysler and Bosch agreed to pay the owners’ legal bills on top of the $307.5 million to resolve consumer claims.

Fiat Chrysler will pay $311 million in total civil penalties british airways cufflinks to U.S, and California regulators, up to $280 million to resolve claims from diesel owners and extended warranties worth $105 million, The settlement covers 104,000 Ram 1500 and Jeep Grand Cherokee diesels from the model years 2014 to 2016, said the U.S, Justice Department, which is also conducting a criminal probe, In addition, Fiat Chrysler will pay $72.5 million for state civil penalties and $33.5 million in payments to California to offset excess emissions and consumer claims..