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0.000364021444172393 0.000264742868488927 0.000264742868488927 0.000264742868488927 0.000264742868488927 0.000264742868488927 0.000264742868488927 0.000264742868488927
Stock impact report

Tesla Shares Slump After Carmaker Unveils Job Cuts [MSN Money]

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: MSN Money
Tesla Shares Slump After Carmaker Unveils Job Cuts, Q4 Profit Guidance © TheStreet Tla shar traded sharply lower Friday after the clean ergy carmaker said it will cut around 7% of its workforce, adding that fourth quarter profits will likely come in lower than in the previous three month period. Load Error Tla said it will post a GAAP-reported profit for the three months ding in December, but cautioned that number will be ls than the $ million it posted for the third quarter. It also said it would ramp up Model production ahead of a scheduled reduction in U.S. tax credits on July . "Tla will need to make the cuts while increasing the Model production rate and making many manufacturing gineering improvemts in the coming months," CEO Elon Musk said in a company blog post. "Higher volume and manufacturing dign improvemts are crucial for Tla to achieve the economi of scale required to manufacture the standard range (0 mile), standard interior Model at $k and still be a viable company. Show less Read more
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