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Why Tesla Stock Flopped 5% on Tuesday [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
ET Tuesday, giving back one-third of the 15% gains it collected yesterday after announcing Elon Musk was meeting with China's premier to discuss FSD self-driving technology. And the reason for today's reversal? Tesla is laying off all workers on its uber-popular Tesla Supercharger EV charging team. What Electrek said about Tesla The fact that Tesla is making job cuts, laying off 10% of its workforce in response to a sharp slowdown in sales, is no secret. But as electric transportation website Electrek reports today, new layoffs include "senior executives and longtime veterans," as well as "the entire Supercharging team." That's 500 more employees gone. And these include Rebecca Tinucci, Tesla's senior director of EV charging and the person responsible for arguably Tesla's biggest win of last year: signing up all other carmakers to use Tesla's NAC charging standard for their own electric cars. Is Tesla stock a sell? Tesla investors are rightly worried by the development, wh
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