Tesla will lay off more than 10% of global workforce: Read the Elon Musk memo
Publishing timestamp: 2024-04-15 11:05:58
Summary
Tesla CEO Elon Musk announced in a memo that the company will be laying off more than 10% of its global workforce in an effort to reduce costs and increase productivity. The company's stock was down 3% in morning trading, and faces increased competition in the electric vehicle market. Despite recent challenges, Tesla is still working on revolutionary technologies in auto, energy, and artificial intelligence.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: climate, elon musk, united states, business news, breaking news: technology, breaking news: markets, technology, tesla inc, markets,
Source: https://www.cnbc.com/2024/04/15/tesla-shares-dip-in-premarket-trade-on-global-layoff-reports.html