TSLA Jun 2024 920.000 call
- Reuters
Tesla lays off more staff in software, service teams, Electrek reports
The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Tesla, whose shares were up more than 1%, did not immediately respond to a Reuters request for comment. Tesla has been under pressure from dropping sales and an intensifying price war among automakers as elevated interest rates have slowed the adoption of electric vehicles.
- Reuters
UPDATE 3-Tesla lays off more staff in software, service teams, Electrek reports
Electric-vehicle maker Tesla has laid off staff from the software, service and engineering departments, tech publication Electrek reported on Monday, citing sources familiar with the matter. The move comes after the Elon Musk-led automaker disbanded its EV charging department following Tesla's announcement last month that it was reducing its global workforce by more than 10%. Tesla, whose shares were up more than 1%, did not immediately respond to a Reuters request for comment.
- Investor's Business Daily
Is Tesla A Buy Or A Sell With Shares Rallying 20% Since Q1 Earnings Amid Strategy 'Realignment'?
Tesla stock has retreated around 30% in 2024 as analysts focus on vehicle pricing, EV demand and potential profit struggles for Elon Musk and Co.
