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Stockreport

US carmaker Tesla to cut 400 jobs at only European plant near Berlin [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
In order to avoid compulsory redundancies, the company is planning a "voluntary programme" for employees. Talks will be held with the works council to implement this program, it said. Tesla did not initially provide any details on this. "The currently weakening sales market for e-cars is also presenting Tesla with challenges," was one of the reasons given for the job cuts. Last week, the car manufacturer announced that the contracts of 300 temporary workers at the factory in Grünheide, just outside of Berlin, would not be extended. According to Tesla, the company's contractual partner has already been able to place the majority of the affected temporary workers. More than 12,000 people currently work at the German plant. Tesla announced last week that it will cut more than a tenth of its workforce worldwide, equivalent to an estimated 14,000 employees, pointing to a slump in the market for EVs and weak sales worldwide. [Read more]
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Stockreport

US carmaker Tesla to cut 400 jobs at only European plant near Berlin [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
In order to avoid compulsory redundancies, the company is planning a "voluntary programme" for employees. Talks will be held with the works council to implement this program, it said. Tesla did not initially provide any details on this. "The currently weakening sales market for e-cars is also presenting Tesla with challenges," was one of the reasons given for the job cuts. Last week, the car manufacturer announced that the contracts of 300 temporary workers at the factory in Grünheide, just outside of Berlin, would not be extended. According to Tesla, the company's contractual partner has already been able to place the majority of the affected temporary workers. More than 12,000 people currently work at the German plant. Tesla announced last week that it will cut more than a tenth of its workforce worldwide, equivalent to an estimated 14,000 employees, pointing to a slump in the market for EVs and weak sales worldwide. [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