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Musk's Loyal Tesla Investors Deny Panic Over Layoffs and Stock Dive [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
CEO Elon Musk announced the cuts in a memo to the entire company, writing that they “will enable us to be lean, innovative, and hungry for the next growth phase cycle.” Many of the layoffs appeared to take immediate effect, with employees locked out of corporate systems Monday morning. Separately, two top executives — Rohan Patel, vice president of public policy and business development, and Drew Baglino, senior vice president in charge of powertrain and energy engineering, also signaled their resignations, with Musk thanking both on X (formerly Twitter ). Patel had been with Tesla for eight years, while Baglino was an 18-year veteran of the automaker, dating back to its early startup days. More from Rolling Stone Judge Halts Texas AG's Probe Into Media Matters Disney Files Motion to Throw Out Gina Carano Wrongful Termination Suit on First Amendment Grounds Tesla Settles Lawsuit Over Fatal Autopilot Crash of Apple Engineer The departures continue a trend of dispiriting hea
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