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Stockreport

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker [Los Angeles Times (CA)]

Tesla, Inc. (TSLA)  More Company Research Source: Los Angeles Times
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and 233 at its Palo Alto offices. The layoffs will occur over a 14-day period starting June 20. An email to Tesla officials requesting comment was not immediately returned. The layoffs come as the company struggles with flagging sales top executives fleeing , a declining stock price and quality problems with the new Cybertruck . The low-cost Model 2 recently promised by Chief Executive Elon Musk also appears to be dead. It is not immediately clear which positions are being cut. The San Francisco Chronicle reported they would include technicians, electricians, software engineers, plumbers and athletic trainers. Before this latest round, Telsa in April announced 3,332 layoffs at its facilities and offices in Fremont, Palo Alto, Burbank and Lathrop. Earlier that month, Musk had announced in an email to staff that Tesla was laying off more than 10% of its workforce, citing job overlap [Read more]
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Stockreport

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker [Los Angeles Times (CA)]

Tesla, Inc.  (TSLA) 
More Company Research Source: Los Angeles Times
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and 233 at its Palo Alto offices. The layoffs will occur over a 14-day period starting June 20. An email to Tesla officials requesting comment was not immediately returned. The layoffs come as the company struggles with flagging sales top executives fleeing , a declining stock price and quality problems with the new Cybertruck . The low-cost Model 2 recently promised by Chief Executive Elon Musk also appears to be dead. It is not immediately clear which positions are being cut. The San Francisco Chronicle reported they would include technicians, electricians, software engineers, plumbers and athletic trainers. Before this latest round, Telsa in April announced 3,332 layoffs at its facilities and offices in Fremont, Palo Alto, Burbank and Lathrop. Earlier that month, Musk had announced in an email to staff that Tesla was laying off more than 10% of its workforce, citing job overlap [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
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Price Change %
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
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%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS