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Stockreport

Elon Musk Slams Tesla With Fresh Round of Layoffs [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
In an email obtained by Electrek , Musk said he wanted Tesla to be "absolutely hard core" about layoffs, with executives whose subordinates "don't obviously pass the excellent, necessary and trustworthy test" also now on the chopping block. As a result, the company is reportedly laying off hundreds more staff, including senior executives. The carmaker's already reeling from a headcount reduction of more than ten percent earlier this month. Multiple top Tesla executives have resigned as well, leaving massive gaps in the company's leadership. And now many of their teams are also being let go, with rumors suggesting the total number of workers affected by the layoffs could amount to around 20 percent of Tesla's total headcount. The company's already in for a " nightmare" year , with year-over-year sales dropping precipitously. Its rapidly shrinking workforce likely won't help that situation in the short run, apart from slowing down the company's spending. Head Winds Then the [Read more]
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Stockreport

Elon Musk Slams Tesla With Fresh Round of Layoffs [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
In an email obtained by Electrek , Musk said he wanted Tesla to be "absolutely hard core" about layoffs, with executives whose subordinates "don't obviously pass the excellent, necessary and trustworthy test" also now on the chopping block. As a result, the company is reportedly laying off hundreds more staff, including senior executives. The carmaker's already reeling from a headcount reduction of more than ten percent earlier this month. Multiple top Tesla executives have resigned as well, leaving massive gaps in the company's leadership. And now many of their teams are also being let go, with rumors suggesting the total number of workers affected by the layoffs could amount to around 20 percent of Tesla's total headcount. The company's already in for a " nightmare" year , with year-over-year sales dropping precipitously. Its rapidly shrinking workforce likely won't help that situation in the short run, apart from slowing down the company's spending. Head Winds Then the [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
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