The reported job cuts come at a precarious time for the company, whose shares are down more than 31% this year. Elon Musk has reportedly announced a round of mass layoffs at Tesla, according to Electrek.
Elon Musk must set out a vision for Tesla after investors were spooked by high-profile departures amid layoffs, an analyst says. Tesla stock fell 5.6% on Monday after Elon Musk announced over the weekend that more than 10% of its workforce would be laid off.
Tesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation briefly below $500 billion, as a round of job cuts this week underscored how much the company’s growth has slowed.
Tesla stock continued to drop after shares closed below an important level of support earlier in the week. The recent action leaves investors wondering where shares are headed as the company’s first-quarter earnings report approaches.
Long-time Tesla bear GLJ Research announced a "Street-low" price target on Tesla stock today, saying the $155 stock is worth less than $23 a share. At the same time, Electrek reported that regardless of what Elon Musk says,
The Austin electric-vehicle group unveiled the layoffs in a companywide memo penned by Chief Executive Elon Musk, who told employees it was time to "streamline the company for the
Electric vehicle maker Tesla will ask its shareholders to vote again on a $56 billion compensation package they had approved in 2018 for CEO Elon Musk before it was squashed
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Tesla is in a bad spot. The world’s largest electric carmaker on Monday told employees it would lay off more than 10 percent of its work force, and two senior executives said they were leaving. Earlier this month Tesla announced a stunning drop in sales,
Tesla stock has been hammered recently thanks to a disastrous deliveries report for the first quarter. Major layoffs suggest the growth story is on pause. With Tesla stock still sporting an eye-watering valuation,
Tesla (Nasdaq: TSLA) stock is off to a bumpy start in 2024, and it's still early in the year. On Monday, CEO Elon Musk revealed he would be laying off 10% of the company's global workforce, a move that comes as the EV maker faces heightened competition from China.
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday.
After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. CEO Elon Musk detailed the plans in a memo sent to employees.