Tesla to lay off thousands of employees in Fremont and Palo Alto [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
It's been a rough week for Tesla . As word spread last week that the company would lay off 10% of employees globally, the company's stock dipped by 3%. That came after Tesla CEO Elon Musk told employees in an internal memo that cost reductions made the layoffs necessary. Initially, it was unclear how many Bay Area jobs could be affected by the layoffs, but a WARN (Worker Adjustment and Retraining Notification) notice filed by Tesla on Tuesday revealed that 2,753 jobs would be lost. To see which Bay Area locations are affected, see the list below. Tesla has more than 140,000 employees, so roughly 14,000 jobs, or about 10%, are expected to be slashed. It's the latest evidence of the challenges now facing the electric vehicle maker. The news comes as Tesla has seen a drop in deliveries and demand in the first quarter of 2024. The company's website also revealed that Tesla is slashing the price of its self-driving system by 30% (down to $8,000 instead of the previous $12,000). The
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TSLA
News
- Elon Musk sues Indian battery company Tesla Power for trademark infringement [FOX Business Network]FOX Business Network
- Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales [Fortune]Fortune
- Have the wheels come off for Tesla? [Yahoo! Finance]Yahoo! Finance
- Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package [Business Insider]Business Insider
- Tesla in Turmoil as Musk Makes Multiple Controversial Moves [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 5/3/24 - Form DEFA14A
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- TSLA's page on the SEC website