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Stockreport

Tesla job cuts: workers in U.S. and China, 'some really good players too' [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
The cuts also reportedly included high-performing employees. And according to one report, some Tesla workers discovered they were out of a job when their badges wouldn't scan. 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 A company source told TechCrunch that managers told their employees the layoffs -- 20% in some departments -- were largely due to poor financial performance. The layoffs come just a week before Tesla reports first-quarter earnings. Its profit margin has narrowed over the past few quarters, the result of an EV price war that Tesla itself kicked off, with its margins taking a hit. Global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand. Several U.S.-based service centers saw heavy layoffs effective immediately, [Read more]
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Stockreport

Tesla job cuts: workers in U.S. and China, 'some really good players too' [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
The cuts also reportedly included high-performing employees. And according to one report, some Tesla workers discovered they were out of a job when their badges wouldn't scan. 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 A company source told TechCrunch that managers told their employees the layoffs -- 20% in some departments -- were largely due to poor financial performance. The layoffs come just a week before Tesla reports first-quarter earnings. Its profit margin has narrowed over the past few quarters, the result of an EV price war that Tesla itself kicked off, with its margins taking a hit. Global vehicle deliveries in the first quarter fell for the first time in nearly four years, as price cuts failed to stir demand. Several U.S.-based service centers saw heavy layoffs effective immediately, [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