Tesla to lay off more than 10% of workforce [FOX Business Network]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: FOX Business Network
first quarter deliveries and increasing competition in the electric vehicle (EV) market, according to a filing with the Securities and Exchange Commission. This followed a leaked internal email from CEO Elon Musk saying that the automaker is looking to cut costs and increase productivity after years of rapid growth that have led to duplication in some roles and functions in certain areas of the company, tech publication Electrek reported on Monday. Ticker Security Last Change Change % TSLA TESLA INC. The world's most valuable automaker employs about 140,473 workers worldwide, Reuters reported, citing Tesla's latest annual report. The reported staffing reduction will affect about 15,000 employees. Tesla did not immediately respond to FOX Business Digital's request for comment. The lay-offs come after Electrek reported that Tesla had told managers to identify critical team members, paused some stock rewards, canceled some worker's annual reviews and reduced product
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TSLA
News
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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