Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
Publishing timestamp: 2024-04-16 08:30:01
Summary
Tesla's job cuts fail to ease investor concerns about vehicle demand, leading to a 6% drop in shares. Layoffs come amid reports of declining vehicle deliveries and increased competition in China. Analysts and investors worry about demand issues and potential price cuts. CEO Elon Musk faces scrutiny over his attention to Tesla amid involvement in other ventures.
Sentiment: NEGATIVE
Tickers: TSLA,
Keywords: breaking news: technology, barack obama, breaking news, technology, tesla inc, business news, elon musk,