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Tesla to lay off thousands of employees in Fremont and Palo Alto [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
It's been a rough week for Tesla . As word spread last week that the company would lay off 10% of employees globally, the company's stock dipped by 3%. That came after Tesla CEO Elon Musk told employees in an internal memo that cost reductions made the layoffs necessary. Initially, it was unclear how many Bay Area jobs could be affected by the layoffs, but a WARN (Worker Adjustment and Retraining Notification) notice filed by Tesla on Tuesday revealed that 2,753 jobs would be lost. To see which Bay Area locations are affected, see the list below. Tesla has more than 140,000 employees, so roughly 14,000 jobs, or about 10%, are expected to be slashed. It's the latest evidence of the challenges now facing the electric vehicle maker. The news comes as Tesla has seen a drop in deliveries and demand in the first quarter of 2024. The company's website also revealed that Tesla is slashing the price of its self-driving system by 30% (down to $8,000 instead of the previous $12,000). The [Read more]
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Stockreport

Tesla to lay off thousands of employees in Fremont and Palo Alto [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
It's been a rough week for Tesla . As word spread last week that the company would lay off 10% of employees globally, the company's stock dipped by 3%. That came after Tesla CEO Elon Musk told employees in an internal memo that cost reductions made the layoffs necessary. Initially, it was unclear how many Bay Area jobs could be affected by the layoffs, but a WARN (Worker Adjustment and Retraining Notification) notice filed by Tesla on Tuesday revealed that 2,753 jobs would be lost. To see which Bay Area locations are affected, see the list below. Tesla has more than 140,000 employees, so roughly 14,000 jobs, or about 10%, are expected to be slashed. It's the latest evidence of the challenges now facing the electric vehicle maker. The news comes as Tesla has seen a drop in deliveries and demand in the first quarter of 2024. The company's website also revealed that Tesla is slashing the price of its self-driving system by 30% (down to $8,000 instead of the previous $12,000). 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