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Stockreport

Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem [CNBC]

Tesla, Inc. (TSLA)  More Company Research Source: CNBC
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
But that's not how investors treated the latest news out of Tesla . Shares of the electric vehicle maker tumbled almost 6%, falling to their lowest since May of last year, after CEO Elon Musk told employees the company is eliminating more than 10% of its global workforce. “There is nothing I hate more, but it must be done,” Musk wrote in a memo about the layoffs. Tesla shares have been spiraling since the calendar turned, tumbling 29% in the first quarter , the worst period since late 2022 and the third-steepest drop since the company's initial public offering in 2010. The stock is 60% below its peak reached in November 2021. Previous layoffs haven't drawn such market pessimism. In 2018, when Tesla cut 9% of headcount, shares rose more than 3%. In 2022, the stock plunged 9% on initial reports around layoffs but recovered after Musk made clarifying comments days later. The Tesla of today finds itself in a different kind of predicament. Earlier this month, the automaker repor [Read more]
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Stockreport

Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem [CNBC]

Tesla, Inc.  (TSLA) 
More Company Research Source: CNBC
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
But that's not how investors treated the latest news out of Tesla . Shares of the electric vehicle maker tumbled almost 6%, falling to their lowest since May of last year, after CEO Elon Musk told employees the company is eliminating more than 10% of its global workforce. “There is nothing I hate more, but it must be done,” Musk wrote in a memo about the layoffs. Tesla shares have been spiraling since the calendar turned, tumbling 29% in the first quarter , the worst period since late 2022 and the third-steepest drop since the company's initial public offering in 2010. The stock is 60% below its peak reached in November 2021. Previous layoffs haven't drawn such market pessimism. In 2018, when Tesla cut 9% of headcount, shares rose more than 3%. In 2022, the stock plunged 9% on initial reports around layoffs but recovered after Musk made clarifying comments days later. The Tesla of today finds itself in a different kind of predicament. Earlier this month, the automaker repor [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