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Stockreport

Musk deepens ‘hardcore' job cuts at Tesla [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 electric car maker's chief executive told managers that staff who were not “excellent, necessary and trustworthy” should be axed. It comes a week after Tesla made around 14,000 staff redundant , roughly a tenth of the company's workforce. Tesla dismissed two key executives, while also cutting entire teams. Rebecca Tinucci, the head of its Supercharger network, and Daniel Ho, its head of new products, are both leaving. Ms Tinucci's 500-strong Supercharger team and Tesla's lobbying operation are also being dismissed “Hopefully these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction,” Musk wrote in an email to executives, according to the technology news website The Information. “While some on exec staff are taking this seriously, most are not yet doing so.” Last week, Tesla reported its biggest sales drop in 12 years and a slump in profits amid stalling demand for electric cars and growing competition from China. T [Read more]
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Musk deepens ‘hardcore' job cuts at Tesla [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 electric car maker's chief executive told managers that staff who were not “excellent, necessary and trustworthy” should be axed. It comes a week after Tesla made around 14,000 staff redundant , roughly a tenth of the company's workforce. Tesla dismissed two key executives, while also cutting entire teams. Rebecca Tinucci, the head of its Supercharger network, and Daniel Ho, its head of new products, are both leaving. Ms Tinucci's 500-strong Supercharger team and Tesla's lobbying operation are also being dismissed “Hopefully these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction,” Musk wrote in an email to executives, according to the technology news website The Information. “While some on exec staff are taking this seriously, most are not yet doing so.” Last week, Tesla reported its biggest sales drop in 12 years and a slump in profits amid stalling demand for electric cars and growing competition from China. T [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
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Price Change
Price Change %
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Max Down
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%
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
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%
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%
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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