Tesla has started sending out severance information to laid-off employees. Tesla CEO Elon Musk told staff the electric-car maker was slashing more than 10% of its workforce on Sunday night, according to an internal memo viewed by Business Insider.
The drive to electrify personal cars in California has, at best, hit a rough patch. The big question is whether current conditions will turn out to be growing pains.
We should start by acknowledging there is no good way to lay off 14,000 people. I mean, there isn't really a great way to lay off even a small number of people, though the logistics are certainly easier to manage.
Tesla's awful 2024 got much worse this week when the company cut 10% of its workforce, and a major executive resigned after 18 years at the EV maker. Fears of layoffs at Tesla had been building along with Wall Street's growing concerns.
Here’s one advertiser that social media platform X doesn’t have to worry about losing because it’s turned off by Elon Musk’s comments: Tesla. The car company that famously shuns spending money on advertising spent $200,
Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank raised concerns over the electric automaker's increasing focus on its autonomous vehicle products when profit is under pressure.
Tesla has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%.
It is another bad day for Tesla. The EV maker's shares are down for a fifth consecutive session, after Deutsche Bank downgraded its stock rating citing fears of a delayed Model 2 rollout. Analyst Emmanuel Rosner of Deutsche Bank on Thursday cut his rating on Tesla to "hold,
Tesla is planning to lay off 300 temporary workers at its German plant near Berlin as part of plans to cut global staff, Business Insider reported on Wednesday, citing people familiar with the matter.
The world’s largest electric carmaker on Monday told employees it would lay off more than 10% of its workforce, and two senior executives said they were leaving.
This as-told-to essay is based on a conversation with a former Tesla employee who was laid off on Sunday night and requested anonymity to protect their privacy. Business Insider has verified their identity and employment.
Tesla's global job cuts include reducing staff in the U.S. and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.
Tesla Inc. shares extended their decline for 2024, pushing the electric-vehicle maker’s market valuation briefly below $500 billion, as a round of job cuts this week underscored how much the company’s growth has slowed.
Key Takeaways Shares of Tesla slid to their lowest level in more than a year on Thursday after Deutsche Bank analysts downgraded the stock and lowered their price target by 35%, citing its "thesis-changing" pivot to robotaxis.
Tesla shares are down 40% so far this year, and Deutsche Bank analysts said they price in another 19% of downside as Tesla makes a major shift as a company.
Tesla stock fell to a new 52-week low on Thursday, just days before Elon Musk’s electric vehicle company is set to report full earnings for the first quarter of 2024.
Tesla Inc. will lay off 285 workers at its Buffalo plant, or 14% of the total workforce of 2,032 workers, the EV maker said in an official notice late Wednesday. The layoffs will start on July 15, the company said in a worker adjustment and retraining notification,
Think 10 years is not enough time to significantly grow your portfolio? Let's look at a couple of examples where investing $10,000 would have been enough to get your portfolio to more than six figures in a decade.
Tesla stock continued to drop after shares closed below an important level of support earlier in the week. The recent action leaves investors wondering where shares are headed as the company’s first-quarter earnings report approaches.
If you have a Model 3, Y, S, or X, Tesla has teased what's arriving in the next update dubbed the "Spring Release." The latest updates rolls out a redesigned interface for when the Model 3 and Y with an AMD chip are parked.
That's how much money you'd have today if you had invested $1,000 in Tesla (NASDAQ: TSLA) stock five years ago -- and it's a pretty nice return, right? Sure, there's been a lot of wailing and gnashing of teeth lately,
Company-wide layoffs at Tesla will impact several employees at its South Buffalo facility. Here are five franchises who stood out, for better or for worse. Bill Belichick's former boss Robert Kraft reportedly tanked his chances of getting hired as the Falcons head coach.
Tesla's business is heading in the wrong direction, and the stock slide may continue. Tesla ( TSLA -1.06%) announced layoffs earlier this week, and that followed weak deliveries for the first quarter of 2024.
The layoffs were announced to staff just a week before Tesla is scheduled to report its first-quarter earnings. The move comes as Tesla has seen its profit margin narrow over the past several quarters,
Fool.com contributor Parkev Tatevosian discusses what the cost-cutting move could mean for Tesla ( TSLA -0.92%) stock investors. *Stock prices used were the afternoon prices of April 14, 2024. The video was published on April 16,
Tesla has ended discounts on inventory across its electric vehicle lineup -- even as sales for EVs have flagged -- as part of a larger and vague plan by CEO Elon Musk to "streamline the whole Tesla sales and delivery system.
Tesla shares are near the lowest levels since last spring, after the electric vehicle group announced its largest-ever job cuts, causing analysts and investors to question the longer-term growth story of one of the stock market's most popular stocks.
F ool.com contributor Parkev Tatevosian evaluates Tesla' s (NASDAQ: TSLA) balance sheet to assuage investor concerns about financial distress. *Stock prices used were the afternoon prices of April 15,
KXAN reached out to Tesla for additional comment but has not heard back yet. ‘It’s heartbreaking’ KXAN spoke with one employee who said they were let go. The person, who ask