0 0 0 0 0 -0.00162236365905398 -0.00299513290902277 -0.0102333707724946
Sign Up Today X
Thanks for submitting the form.
Stockreport

Tesla global job cuts hit China sales team, sources say [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
CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one of the them saying more than 10% were losing their jobs. The second source said other teams were also impacted. Tesla China did not immediately respond to a request for comment. Both sources declined to be named as they were not permitted to speak to media. The Shanghai and Beijing local governments did not immediately respond to requests for comment. Tesla's largest plant globally is based in Shanghai, while its China head office is in Beijing. The cuts come as Tesla is facing increasing competition in China, the world's largest auto market, where it has been locked in a fierce price war with rivals led by BYD that have been rolling out new models at speed. The [Read more]
IMPACT SNAPSHOT EVENT TIME: TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
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
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
Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Opt-in for
TSLA alerts
from News Quantified
TSLA
NEWS
TSLA
Earnings
TSLA
Analyst Actions
TSLA
SEC Filings
Stockreport

Tesla global job cuts hit China sales team, sources say [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
CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one of the them saying more than 10% were losing their jobs. The second source said other teams were also impacted. Tesla China did not immediately respond to a request for comment. Both sources declined to be named as they were not permitted to speak to media. The Shanghai and Beijing local governments did not immediately respond to requests for comment. Tesla's largest plant globally is based in Shanghai, while its China head office is in Beijing. The cuts come as Tesla is facing increasing competition in China, the world's largest auto market, where it has been locked in a fierce price war with rivals led by BYD that have been rolling out new models at speed. 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