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Stockreport

Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team [MSNBC.com]

Tesla, Inc. (TSLA)  More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla shares fell nearly 6% on Tuesday following news that CEOElon MuskThe stock closed at $183.28 and is now down 26% for the year.According toThe InformationSeveral employees whose roles were cut and one person who is still working at Tesla in California confirmed with CNBC the details of the ongoing reorganization, asking to remain unnamed to discuss sensitive issues. Other laid-off Tesla employees posted publicly about Tesla shrinking the Supercharger team.In cutting that group, Tesla revealed it's throttling the expansion of its Supercharger network in the U.S. The move comes after Tesla struck partnerships withFordGMThe layoffs now underway are part of a massive cost-cutting measure by Tesla following a 9% drop in revenue in the first quarter this year, the steepest year-over-year decline since 2012. Profits were cut in half during the first three months of 2024 as Tesla discounted cars and issued incentives to spur demand.Current and former employees told CNBC that Tesla began [Read more]
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Stockreport

Tesla shares drop nearly 6% after Musk cuts about 500 jobs in Supercharger team [MSNBC.com]

Tesla, Inc.  (TSLA) 
More Company Research Source: MSNBC.com
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Tesla shares fell nearly 6% on Tuesday following news that CEOElon MuskThe stock closed at $183.28 and is now down 26% for the year.According toThe InformationSeveral employees whose roles were cut and one person who is still working at Tesla in California confirmed with CNBC the details of the ongoing reorganization, asking to remain unnamed to discuss sensitive issues. Other laid-off Tesla employees posted publicly about Tesla shrinking the Supercharger team.In cutting that group, Tesla revealed it's throttling the expansion of its Supercharger network in the U.S. The move comes after Tesla struck partnerships withFordGMThe layoffs now underway are part of a massive cost-cutting measure by Tesla following a 9% drop in revenue in the first quarter this year, the steepest year-over-year decline since 2012. Profits were cut in half during the first three months of 2024 as Tesla discounted cars and issued incentives to spur demand.Current and former employees told CNBC that Tesla began [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