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Stockreport

Tesla to cut hundreds more jobs in Musk cost push: report [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be "absolutely hard core about headcount and cost reduction." Musk will seek to oust any executive "who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test ... I have been super clear about this," said Musk's email, according to the Information. The latest cuts mean Rebecca Tinucci, a senior director in EV charging, and Daniel Ho, head of new products, will leave the company. Also departing will be most of the 500 workers in Tinucci's Supercharger group, plus other staff reporting to Ho. Musk is also dissolving a public policy team, the report said. Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 bil [Read more]
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Stockreport

Tesla to cut hundreds more jobs in Musk cost push: report [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be "absolutely hard core about headcount and cost reduction." Musk will seek to oust any executive "who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test ... I have been super clear about this," said Musk's email, according to the Information. The latest cuts mean Rebecca Tinucci, a senior director in EV charging, and Daniel Ho, head of new products, will leave the company. Also departing will be most of the 500 workers in Tinucci's Supercharger group, plus other staff reporting to Ho. Musk is also dissolving a public policy team, the report said. Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 bil [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
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Price Change
Price Change %
Volume Shares
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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)
%
 VOLUME RATIO
%
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