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Stockreport

Nearly 3,000 Tesla workers in Fremont, Palo Alto to be laid off in June [CBS News]

Tesla, Inc. (TSLA)  More Company Research Source: CBS News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla told the state Employment Development Department that 2,267 workers at Tesla's Fremont factory and other Fremont locations would lose their jobs, while another 486 workers at several Palo Alto sites would also be laid off. The Worker Adjustment and Retraining Notification (WARN) notices filed also show that another 515 workers will be laid off at Testa facilities in the San Joaquin County city of Lathrop and 64 people will lose their jobs in Burbank. In , CEO Elon Musk said the company "made the difficult decision to reduce our headcount by more than 10% globally." Word of the leaked memo was first reported by the electric vehicle website Electrek "There is nothing I hate more, but it must be done," Musk wrote in the memo. "This will enable us to be lean, innovative and hungry for the next growth phase cycle." As of December 2023, Tesla had more than 140,000 employees, which means at least 14,000 could be out of a job by the end of this year. On Tuesday, Tesla also an [Read more]
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Stockreport

Nearly 3,000 Tesla workers in Fremont, Palo Alto to be laid off in June [CBS News]

Tesla, Inc.  (TSLA) 
More Company Research Source: CBS News
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla told the state Employment Development Department that 2,267 workers at Tesla's Fremont factory and other Fremont locations would lose their jobs, while another 486 workers at several Palo Alto sites would also be laid off. The Worker Adjustment and Retraining Notification (WARN) notices filed also show that another 515 workers will be laid off at Testa facilities in the San Joaquin County city of Lathrop and 64 people will lose their jobs in Burbank. In , CEO Elon Musk said the company "made the difficult decision to reduce our headcount by more than 10% globally." Word of the leaked memo was first reported by the electric vehicle website Electrek "There is nothing I hate more, but it must be done," Musk wrote in the memo. "This will enable us to be lean, innovative and hungry for the next growth phase cycle." As of December 2023, Tesla had more than 140,000 employees, which means at least 14,000 could be out of a job by the end of this year. On Tuesday, Tesla also an [Read more]
IMPACT SNAPSHOT
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TSLA
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
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LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
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%
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%
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EVENT DAY
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PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS