Stockreport
Tesla plans to lay off more than 10% of workforce as sales slump [CBS News]
Last tesla, inc. earnings: 4/29 04:11 pm
Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla had 140,473 employees as of December 2023, which means at least 14,000 could be out of a job by the end of this year. News of the layoffs was first reported by electric vehicle website Electrek . Tesla did not immediately respond to a request for comment from CBS MoneyWatch. Shares of Tesla fell nearly 3% in Monday morning trading after the news broke. In a leaked-memo to Tesla staff on Sunday, CEO Elon Musk partially explained the layoffs, saying the company "made the difficult decision to reduce our headcount by more than 10% globally," Electrek reported. "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." The memo does not disclose which departments will see layoffs or when the reductions will begin, but says that Tesla has seen a "duplication of roles and job functions in certain areas" as a result of rapid growth over the years. "As we prepare the com
[Read more]
IMPACT SNAPSHOT | EVENT TIME: | TSLA | ||||
---|---|---|---|---|---|---|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
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
|
---|---|---|
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 |
|
Don't Miss Out On The Next BIG Stock Move
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS
Be the first to know
Opt in for alerts from News Quantifed
Opt-in for
TSLA alerts
TSLA alerts
from News Quantified
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSLA alerts
High impacting Tesla, Inc. news events
Weekly update
A roundup of the hottest topics
TSLA
NEWS
NEWS
- Stock market today: S&P 500 little changed after Tesla's China gambit in big week for markets [Yahoo! Finance][Yahoo! Finance]
- Tesla CEO Elon Musk makes surprise visit to China [Yahoo! Finance][Yahoo! Finance]
- Foreign Entity Of Concern And Other Geographical Problems Remain For EVs [Forbes][Forbes]
- Here's What's Happening in Markets: April 29 [Yahoo! Finance][Yahoo! Finance]
- Stock market today: S&P 500 fades gains as bond yields rise [Yahoo! Finance][Yahoo! Finance]
- More
TSLA
SEC Filings
SEC Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- TSLA's page on the SEC website
- More