Nearly 3,000 Tesla workers in Fremont, Palo Alto to be laid off in June [CBS News]
Tesla, Inc. (TSLA)
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Source: CBS News
Tesla told the state Employment Development Department that 2,267 workers at Tesla's Fremont factory and other Fremont locations would lose their jobs, while another 486 workers at several Palo Alto sites would also be laid off. The Worker Adjustment and Retraining Notification (WARN) notices filed also show that another 515 workers will be laid off at Testa facilities in the San Joaquin County city of Lathrop and 64 people will lose their jobs in Burbank. In , CEO Elon Musk said the company "made the difficult decision to reduce our headcount by more than 10% globally." Word of the leaked memo was first reported by the electric vehicle website Electrek "There is nothing I hate more, but it must be done," Musk wrote in the memo. "This will enable us to be lean, innovative and hungry for the next growth phase cycle." As of December 2023, Tesla had more than 140,000 employees, which means at least 14,000 could be out of a job by the end of this year. On Tuesday, Tesla also an
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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