Tesla Continues Its Downfall With Job Cuts [Forbes]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Forbes
This is the published version of Forbes' CFO newsletter, which offers the latest news for chief finance officers and other leaders focused on the budget. Sign up here to get it delivered to your inbox every Tuesday. Tesla has had a terrible year. It's been the worst performing stock of 2024 , down more than 36% since Jan. 1, with a 40% year-over-year profit decline in its most recent earnings report . Elon Musk's trailblazing electric vehicle company, part of the “Magnificent Seven” big tech stocks that often buoy the rest of the market, has weighed it down considerably so far this year. The company's stock was close to a 12-month low this morning, and its valuation dipped below $500 billion—a far fall from exceeding $1 trillion in late 2021. And things are continually getting worse for Tesla. On Monday, the company announced it was cutting 10% of its workforce, or more than 10,000 employees . “There is nothing I hate more, but it must be done,” Musk explained in a staff memo
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TSLA
News
- Tesla's stock leaps on reports of Chinese approval for the company's driving software [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Lucid: Business Strategy, Profitability, Prospects, All Falling Out Of Place [Seeking Alpha]Seeking Alpha
- Tesla's stock leaps on reports of Chinese approval for the company's driving software [Yahoo! Finance]Yahoo! Finance
- Tesla's California registrations down second quarter in a row, dealer data shows [Reuters]Reuters
- Tesla short sellers lose more than $5 billion in post earnings rally [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- TSLA's page on the SEC website