Tesla to cut hundreds more jobs in Musk cost push: report [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
Elon Musk's EV company, which moved earlier this month to cut more than 10 percent of its 140,000 employes, will disband two departments and lay off most of the employees from the groups, reported the Information late Monday. The online technology publication quoted from a Musk email in which he vowed to be "absolutely hard core about headcount and cost reduction." Musk will seek to oust any executive "who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test ... I have been super clear about this," said Musk's email, according to the Information. The latest cuts mean Rebecca Tinucci, a senior director in EV charging, and Daniel Ho, head of new products, will leave the company. Also departing will be most of the 500 workers in Tinucci's Supercharger group, plus other staff reporting to Ho. Musk is also dissolving a public policy team, the report said. Tesla last week reported a 55 percent drop in quarterly earnings to $1.1 bil
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News
- Tesla shareholders say Elon's influence makes Kimbal Musk and James Murdoch unsuitable for the company's board [Business Insider]Business Insider
- Tesla sued after employee killed in Colorado crash [CBS News]CBS News
- Things to know about an AI safety summit in Seoul [FOX News]FOX News
- Tesla Shareholder Group Slams Elon Musk's $56 Billion Pay Package [BNN Bloomberg (Canada)]BNN Bloomberg
- Tesla Employees "Walking on Eggshells" as Furious Musk Continues Layoffs [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form PX14A6G
- 5/17/24 - Form DEFA14A
- TSLA's page on the SEC website