Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs [MSNBC.com]
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Source: MSNBC.com
TeslaThe stock dropped 3.4% on Monday to close at $142.05, bringing its decline for the year to 43%, second worst among members of the S&P 500.cut pricesThe FSD option, which previously cost $12,000 up front or $199 per month on a subscription basis for most customers in the U.S., is now listed on Tesla'swebsiteThe latest reductions add to investors' growing fears followingweak first-quarter derieslayoffsrecallLast week, Tesla issued avoluntary recallAccording to a filing with the National Highway Traffic Safety Administration, a pad on top of the Cybertruck's accelerator pedal could come loose and get trapped in the interior trim causing "unintended acceleration."Prior to the recall notice and price cuts, Tesla had initiated a steep and messy restructuring, informing employees early last week that it would be cutting more than 10% of its global workforce. The layoffs are ongoing, with some employees receiving notifications their jobs were eliminated in the last couple days, according
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