Tesla shares drop below $150, wiping out a year's gains — three days days after Musk sacked 14k people [Yahoo! Finance]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: Yahoo! Finance
The electric vehicle company 's shares hit $149.93 at the close of business on Thursday. Now an entire year's gains have been wiped out, the Associated Press reports, as the company faces diminishing sales. On 14 July last year the shares were worth $281.38. They were at $165.08 on 21 April last year. Since last year, Tesla has cut prices by as much as $20,000 on some models amid slowing demand. The price cuts caused used electric vehicle values to drop and clipped Tesla's profit margins — making Thursday's drop in price even more notable. Tesla shares last dipped this low in January 2023. Prior to this week, the vehicle company's stock price had already dropped some 25 per cent in 2024, losing $200bn in market value in four months, ABC News reported. The dip in stock price also comes just days after CEO Elon Musk cut approximately 14,000 Tesla jobs, which made up some 10 per cent of the company's workforce. “There is nothing I hate more, but it must be done,” Mr Musk wrote i
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TSLA
News
- Tesla's top HR executive has left the company, sources say [Fortune]Fortune
- Citi Banker Exits After Firm Probed Treatment of Junior Staffer [Yahoo! Finance]Yahoo! Finance
- Treasuries Extend Gains After Fed Less Hawkish Than Feared [Yahoo! Finance]Yahoo! Finance
- Dr. Elon And Mr. Musk: Tesla's Chaotic Robotaxi Pivot [Forbes]Forbes
- Fed to Slow the Pace of Balance-Sheet Runoff Starting in June [Yahoo! Finance]Yahoo! Finance
TSLA
Earnings
- 4/23/24 - Beat
TSLA
Sec Filings
- 4/30/24 - Form PX14A6G
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form ARS
- TSLA's page on the SEC website