July 7, 2024
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Finance

Tesla layoffs an ‘ominous sign’ for the company, analyst says

  • April 15, 2024

Tesla (TSLA) has announced a large reduction in staff on the heels of a disappointing Q1 delivery report, following in the footsteps of legacy automakers and pure-play EV makers, per an internal memo. As first reported by EV blog Electrek, CEO Elon Musk emailed staff confirming a “more than 10%” headcount reduction following prior reports

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Finance

Tesla stock slides following big Q1 delivery miss

  • April 2, 2024

Tesla stock (TSLA) is tumbling after the EV maker reported a significant delivery miss for the first quarter. The Q1 delivery report comes after Tesla warned in January that its vehicle volume growth rate would be “notably lower” than in 2023. For Q1, Tesla reported 386,810 global deliveries, well below estimates of 449,080 as compiled

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