Tesla global job cuts hit China sales team, sources say [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.tesla.com
Company Research
Source: Yahoo! Finance
CEO Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles. The two sources said some staff in Tesla's China sales team were being notified, with one of the them saying more than 10% were losing their jobs. The second source said other teams were also impacted. Tesla China did not immediately respond to a request for comment. Both sources declined to be named as they were not permitted to speak to media. The Shanghai and Beijing local governments did not immediately respond to requests for comment. Tesla's largest plant globally is based in Shanghai, while its China head office is in Beijing. The cuts come as Tesla is facing increasing competition in China, the world's largest auto market, where it has been locked in a fierce price war with rivals led by BYD that have been rolling out new models at speed. The
Show less
Read more
Impact Snapshot
Event Time:
TSLA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
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
|
---|---|---|
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 | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TSLA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TSLA alerts
High impacting Tesla, Inc. news events
Weekly update
A roundup of the hottest topics
TSLA
News
- Elon Musk's full self-driving (FSD) software a 'really big deal' [FOX Business Network]FOX Business Network
- Elon Musk publicly dumped California for Texas—now Golden State customers are getting revenge, dumping Tesla in droves [Yahoo! Finance]Yahoo! Finance
- Musk's 'Twitter Sitter' Stays On Duty: Supreme Court Snubs Free Speech Appeal [Yahoo! Finance]Yahoo! Finance
- TikTok, Tesla Are Just the Start of US-China Clash Over Big Data [BNN Bloomberg (Canada)]BNN Bloomberg
- Drake's fake Tupac, a $50,000 Elon Musk romance scam, and AI-generated racist tirades: Deepfakes are terrorizing society [Fortune]Fortune
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website