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Xiaomi and Nio have each launched new EV models, which undercut the price of Tesla’s most popular vehicles. Tesla’s stock price has tumbled about 30% so far this year, while the S&P 500 is up 11%.
State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and 223 at its Palo Alto offices. The layoffs will occur over a 14-day period starting June 20.
This week’s layoffs appeared to be the largest in Tesla’s recent history, targeting 10 per cent of its roughly 140,000 employees, ranging from salesfolk in China through factory workers in ...
Tesla Inc. (NASDAQ:TSLA) employees are fearful as the rolling layoffs are expected to continue through at least June. Over a month into CEO Elon Musk's plan to cut at least 10% of the workforce ...
Tesla shares rose 2.7% in premarket trading. It had 140,473 employees globally as of Dec. 31 last year. Tesla asks which jobs are critical, stoking layoff fears - Bloomberg News
The latest layoffs at Tesla this week cut close to the bone of the EV pioneer’s big competitive advantage — its ubiquitous Supercharger network.As first reported by EV blog Electrek, Tesla ...
Tesla is reportedly planning layoffs for the first quarter of 2023. Despite delivering record numbers of EVs, the company's stock has cratered this year amid an economic downturn and CEO Elon Musk ...
Noted Tesla bull Dan Ives at Wedbush Securities warned the layoffs were a negative sign for Tesla, as seen in Monday’s move lower. Ives has a $300 price target and Buy rating on the stock ...