Musk wants to cut 10 percent of Tesla jobs: Report
2 years, 6 months ago

Musk wants to cut 10 percent of Tesla jobs: Report

Al Jazeera  

Tesla CEO Elon Musk has a ‘super bad feeling’ about the economy, he said in an email to executives seen by Reuters news. Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10 percent of jobs at the electric carmaker, he said in an email to executives seen by the Reuters news agency. Wedbush Securities analyst Daniel Ives said in a tweet it appeared Musk and Tesla were “trying to be ahead of a slower delivery ramp this year and preserve margins ahead of an economic slowdown.” ‘Pause all hiring’ Before Musk’s warning, Tesla had about 5,000 job postings on LinkedIn from sales in Tokyo and engineers at its new Berlin gigafactory to deep learning scientists in Palo Alto. In June 2018, Musk said Tesla would cut 9 percent of its workforce as the then-loss-making company struggled to ramp up output of Model 3 electric sedans, although data in its SEC filings showed reductions were more than offset by hiring by year-end.

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History of this topic

Elon Musk's Tesla hits $1 trillion market value after Trump win
1 month, 2 weeks ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Elon Musk beats $500m severance lawsuit by fired Twitter workers
5 months, 2 weeks ago

Elon Musk beats $500m severance lawsuit by fired Twitter workers

Al Jazeera  

The US judge said the federal law governing benefit plans did not cover the former employees’ claims. United States District Judge Trina Thompson in San Francisco, California ruled on Tuesday that the federal Employee Retirement Income Security Act governing benefit plans did not cover the former employees’ claims, and therefore she lacked jurisdiction. The case is one of many accusing …

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024
5 months, 2 weeks ago

Elon Musk is $29.9 billion poorer, biggest billionaire loser so far in 2024

Hindustan Times  

Elon Musk's net worth has fallen more than any other billionaire in the world in the first six months of 2024, as per Forbes’ estimates. The Tesla boss has lost money despite a boom in stock market although the massive salary package cleared by his company's shareholders could raise Elon Musk’s fortunes. From December 31, 2023 to June 28, 2024, …

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’
6 months, 3 weeks ago

Tesla staffer who worked for 5 years at company laid off: ‘Shifts were long, slept in my car’

Hindustan Times  

A Tesla staffer, who worked at the Elon Musk company for five years, said that he was in disbelief after being laid off. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, China. As I was working a salaried job, I sometimes needed to stay even longer to get …

Tesla layoffs: Elon Musk is now rehiring this team that he fired weeks ago
7 months, 1 week ago

Tesla layoffs: Elon Musk is now rehiring this team that he fired weeks ago

Hindustan Times  

Elon Musk is rehiring some of the workers from Tesla's Supercharger team which he dissolved two weeks ago, it was reported. This comes as Elon Musk said in an email to his staff that he is cutting jobs of the team behind Tesla's Supercharger charging-station network last month. Elon Musk's decision to cut jobs in the Supercharger team had shocked …

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker
7 months, 1 week ago

Tesla to cut 601 jobs in Bay Area, a sign of more problems for EV maker

LA Times  

An assembly line at Tesla’s plant in Fremont, Calif., in 2015. In the fourth straight week of layoff announcements, Tesla said it is now concentrating on reducing staff at its Bay Area facilities as part of a larger move to cut jobs globally. State filings show that Tesla is planning to lay off 378 employees at its Fremont facilities and …

Tesla layoffs: Employee shares her ordeal after receiving ‘Your last working day is today’ mail from Elon Musk
7 months, 2 weeks ago

Tesla layoffs: Employee shares her ordeal after receiving ‘Your last working day is today’ mail from Elon Musk

Hindustan Times  

Another week, another round of Tesla layoffs and the fourth week of bloodbath continues at Elon Musk's auto-mobile firm. Alisha Ferenczi, Tesla's Ex Senior Service Advisor shared her termination letter Several employees took to social media to share their experiences of how a single email turned their lives upside down, including Cheryl Cai, a UX Designer who worked with Apple …

Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral
7 months, 2 weeks ago

Tesla layoffs: ‘Your last working day is today’, Elon Musk's ‘insensitive’ termination mail to employees goes viral

Hindustan Times  

As the bloodbath continues at world's one of richest man, Elon Musk's company Tesla, his former employees are now sharing experiences of how their association with the company was snapped with a single mail. Viral image of Tesla's separation letter as Elon Musk's company announces another round of layoffs In the latest round of layoff workers from the company’s software, …

Tesla layoffs: Elon Musk's company cuts more jobs in these teams, report claims
7 months, 2 weeks ago

Tesla layoffs: Elon Musk's company cuts more jobs in these teams, report claims

Hindustan Times  

Tesla layoffs: Electric-vehicle maker Tesla has reportedly laid off staff from the software, service and engineering departments, Electrek reported citing people in the know. This comes after the Elon Musk-led company disbanded its EV charging department last month as Tesla announced that it was reducing its global workforce by more than 10%. Tesla layoffs: Tesla Chief Executive Officer Elon Musk …

Tesla lays off more staff in service and software team: Know why?
7 months, 2 weeks ago

Tesla lays off more staff in service and software team: Know why?

India TV News  

Tesla, an e-automobile headed by Elon Musk has reportedly laid off staff from the software, service and engineering departments- tech publication Electrek reported on Monday, citing sources familiar with the matter. The move took place 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 …

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024
7 months, 2 weeks ago

Tech Layoffs: Over 80,000 Employees Lose Jobs Across 279 Firms In First 4 Months Of 2024

ABP News  

Tech Layoffs: The technology sector is grappling with a persistent wave of layoffs, which do not seem to be stopping anytime soon. Over the first four months of this year, the sector has seen a significant workforce reduction, with over 80,000 employees reportedly losing their jobs around the world. According to the most recent data from layoff.fyi, a platform dedicated …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

Google and Tesla continue laying off employees: Reports
7 months, 3 weeks ago

Google and Tesla continue laying off employees: Reports

The Hindu  

Google and Tesla are laying off more employees as both companies continue to cut jobs across multiple rounds in 2024, according to media reports. Google laid off at least 200 “Core” team employees and will also be moving several roles to India and Mexico, CNBC reported. Musk had posted on X that “about every 5 years, we need to reorganize …

Tesla layoffs: ‘Frustrated’ Elon Musk sacks senior executives in fresh job cuts
7 months, 3 weeks ago

Tesla layoffs: ‘Frustrated’ Elon Musk sacks senior executives in fresh job cuts

Hindustan Times  

Tesla CEO Elon Musk sacked company's senior management and laid off hundreds more employees amid falling sales, it was reported. Tesla layoffs: Tesla Chief Executive Officer Elon Musk is seen, This comes as Elon Musk visited China on an unannounced visit which was reportedly focussed on discussing the rollout of its Full Self-Driving software and the data-transfer permissions. Additionally, Elon …

Elon Musk fires 2 senior executives at Tesla, plans to cut hundreds of more jobs due to falling sales
7 months, 3 weeks ago

Elon Musk fires 2 senior executives at Tesla, plans to cut hundreds of more jobs due to falling sales

India Today  

Elon Musk, the CEO of Tesla, has sacked two senior executives at Tesla. The cited source says that Musk plans to cut hundreds of more jobs who were working under these two executives. Ho, who joined Tesla in 2013, played a significant role as a program manager in the development of key Tesla models such as the Model S, 3, …

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada
7 months, 3 weeks ago

Tesla Layoffs: Elon Musk's EV Firm To Fire 693 Employees In Nevada

ABP News  

Tesla Layoffs: Elon Musk’s Tesla is set to layoff 693 employees at its facilities in Sparks, Nevada, as part of its initiative to reduce over 10 per cent of its worldwide workforce due to declining sales and increasing competition, according to a government notice released on Saturday, reported the news agency Reuters. Recent reports also suggested that the CEO, Elon …

Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California
8 months ago

Tesla layoffs: Company to cut more than 6,000 jobs in Texas, California

Hindustan Times  

Tesla said it will lay off 6,020 employees in Texas and California after the company announced that it would cut more than 10% of its global workforce amid dropping sales and intensifying price war among EV makers. The notices showed that Tesla will cut 3,332 jobs in California and 2,688 positions in Texas. The global job cuts would include 285 …

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually
8 months ago

Tesla layoffs: Elon Musk says job cuts ‘necessary’, will save $1 billion annually

Hindustan Times  

Elon Musk-owned Tesla registered a massive drop in its quarterly profits amid challenges in the electric vehicle market. Elon Musk termed the recent job cuts at Tesla a “necessary step" to reorganize the company for the next phase of growth. Tesla layoffs: Tesla Chief Executive Officer Elon Musk gets in a Tesla car as he leaves a hotel in Beijing, …

Tesla Announces Steep Employee Cuts Amid Revenue Drop
8 months ago

Tesla Announces Steep Employee Cuts Amid Revenue Drop

Huff Post  

LOADING ERROR LOADING Elon Musk’s Tesla announced Tuesday that it plans to lay off 6,020 employees in a massive round of cuts as the electric vehicle company weathers its biggest revenue drop in more than a decade. The notices became public the same day Tesla held its quarterly earnings call with investors, revealing a 9% drop in first-quarter revenue year-over-year …

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report
8 months ago

Tesla Layoffs: EV Maker Fires Entire 'Growth Content' Marketing Team Established A Year Ago, Says Report

ABP News  

Tesla Layoffs: Tesla has reportedly Laid off a recently established marketing department as part of broader company layoffs, marking a departure from a conventional advertising strategy that CEO Elon Musk had approved less than a year ago. As a part of the ongoing job reductions, the entire US "growth content" team, consisting of approximately 40 employees under the supervision of …

Tesla cuts prices amid global challenges
8 months ago

Tesla cuts prices amid global challenges

China Daily  

This file photo taken on Jan 12, 2018, shows a Tesla logo seen in Los Angeles, California, the US. The world's largest EV maker by volume, which is owned by the technology billionaire Elon Musk, said it would reduce prices in all of its major markets, which include the US, Germany, and China. The Chinese smartphone maker Xiaomi has also …

Tesla cutting jobs worldwide, which includes leading markets
8 months ago

Tesla cutting jobs worldwide, which includes leading markets

China Daily  

Customers examine a Model Y at a Tesla store in Jinan, Shandong province, in March 2023. Tesla's global job cuts include reducing staff in the United States and China — the automaker's two biggest markets — across sales, tech and engineering, five sources briefed on the matter said. Two sources said members of Tesla's China sales team were notified they …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price cuts caused used electric vehicle values …

Elon Musk apologizes to Tesla employees: Sent ‘incorrectly low’ severance
8 months ago

Elon Musk apologizes to Tesla employees: Sent ‘incorrectly low’ severance

Hindustan Times  

Elon Musk, the CEO of Tesla, informed employees via internal email on Wednesday that the company sent out severance packages that were too low to a number of laid-off workers this week. Elon Musk arrives at the Tenth Breakthrough Prize Ceremony at the Academy Museum of Motion Pictures in Los Angeles, California. After the company’s decline in sales last year, …

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn
8 months, 1 week ago

Tesla share price falls 37% in 2024 as Elon Musk’s EV maker suffers demand slowdown; market value drops below $500 bn

Live Mint  

Tesla share price extended fall for 2024, pushing its market valuation briefly below $500 billion amid a round of job cuts this week underscoring that the company’s growth has slowed. Tesla shares have not closed with a market value under $500 billion since late April last year and stayed narrowly above the mark as of Tuesday’s close, Bloomberg News reported. …

Tesla planning to lay off over 10% of workforce amidst delivery dip
8 months, 1 week ago

Tesla planning to lay off over 10% of workforce amidst delivery dip

The Hindu  

Tesla plans to lay off over 10% of its workforce, or roughly 14,000 employees, according to a report by tech outlet Electrek. In a separate update, CEO Elon Musk, replied to a tweet on the departure of high level Tesla executives Drew Baglino, a former SVP of Powertrain and Energy, as well as Rohan Patel, who headed policy at Tesla, …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 1 week ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

Tesla layoffs: What CEO Elon Musk wrote in leaked job cuts memo to employees
8 months, 1 week ago

Tesla layoffs: What CEO Elon Musk wrote in leaked job cuts memo to employees

Hindustan Times  

CEO Elon Musk infomed Tesla employees that several job cuts will be made soon, as per a leaked memo to the staff. In the letter reported by Quartz, Elon Musk didn’t disclose the exact number of layoffs that would take place but it was reported that almost 10% of the companies workforce will lose jobs. Tesla layoffs: Elon Musk attends …

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report
8 months, 1 week ago

Tesla plans to lay off 10% of workforce after dismal quarterly sales, multiple news outlets report

Associated Press  

DETROIT — After reporting dismal first-quarter sales, Tesla is planning to lay off about a tenth of its workforce as it tries to cut costs, multiple media outlets reported Monday. Musk’s memo said that as Tesla prepares for its next phase of growth, “it is extremely important to look at every aspect of the company for cost reductions and increasing …

Tesla to slash more than 10% of its global workforce
8 months, 1 week ago

Tesla to slash more than 10% of its global workforce

LA Times  

A truck loaded with Tesla cars departs the company’s Fremont manufacturing plant in 2020. Tesla Inc. is laying off more than 10% of its workforce, Chief Executive Elon Musk wrote in an email to staff. “Streamlining is one thing, but the size of this cut is a concern for a company that’s still in growth mode.” Although Tesla moved its …

Elon Musk to slash more than 10% of global employee count: Know-why?
8 months, 1 week ago

Elon Musk to slash more than 10% of global employee count: Know-why?

India TV News  

Elon Musk, the brain and head of Tesla has reportedly announced to lay off more than 10 per cent of the workforce from all over the world. Preparing for the next phase of Tesla A media report which surfaced on Monday by the name of Electrek stated that the billionaire stated that they have decided to reduce their workforce and …

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout
10 months, 3 weeks ago

Musk may drop below Bezos in world’s richest list after court rules he cannot keep $56bn Tesla payout

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk may lose his position as the world’s richest person after a …

Musk’s Cybertruck is already a production nightmare for Tesla
1 year ago

Musk’s Cybertruck is already a production nightmare for Tesla

LA Times  

Tesla co-founder and Chief Executive Elon Musk shows off a Cybertruck at the Tesla Design Center in Hawthorne in 2019. Ahead of the company starting Cybertruck deliveries on Nov. 30, one analyst has gone so far as to suggest the company should cancel the vehicle, saying it probably would be positive for Tesla’s shares. “Probably nothing like it will ever …

Elon Musk: GM, Ford will go ‘bankrupt’ if…
1 year, 2 months ago

Elon Musk: GM, Ford will go ‘bankrupt’ if…

Live Mint  

Elon Musk has cautioned that if the United Auto Workers union's demands for higher wages are met, traditional automakers like General Motors, Ford, and Stellantis could “drive GM, Ford and Chrysler bankrupt in the fast lane”. Meanwhile, pure electric vehicle companies like Tesla, Lucid Group and Rivian Automotive are not unionised, and they rely heavily on employee stock purchase plans …

Tesla ex-employee shocker on worker condition: ’You get fired because Elon...’
1 year, 4 months ago

Tesla ex-employee shocker on worker condition: ’You get fired because Elon...’

Live Mint  

Tesla CEO Elon Musk has often been known for his unique working style and propagating what he calls an ultra-hardcore work culture. Musk wrote, “Please prepare yourself for a level of intensity that is greater than anything most of you have ever experienced before…Revolutionizing industries is not for the faint of heart, but nothing is more rewarding or exciting, and …

Elon Musk loses $20 billion. Why? This price warning from Tesla
1 year, 5 months ago

Elon Musk loses $20 billion. Why? This price warning from Tesla

Hindustan Times  

Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the prices of its electric vehicles, sending shares tumbling. The drop in net worth to $234.4 billion is the seventh-largest decline ever among those in the Bloomberg Billionaires Index, and further narrows the wealth gap between Musk and Bernard Arnault, the world’s two …

Elon Musk's Tesla begins layoffs of battery workers at China electric vehicle factory: Report
1 year, 5 months ago

Elon Musk's Tesla begins layoffs of battery workers at China electric vehicle factory: Report

Hindustan Times  

Tesla Inc. is laying off some electric-vehicle battery workers at its Shanghai plant, people familiar with the matter said, just as a bruising price war among manufacturers in China is showing signs of easing. The carmaker began notifying some employees on its battery assembly lines about the decision earlier this week, the people said, asking not to be identified because …

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same
1 year, 6 months ago

Elon Musk suggests Twitter is more productive after job cuts, urges more companies to do the same

India Today  

Twitter and Tesla owner Elon Musk suggests that big tech companies should cut jobs to increase the value of work and productivity. He notes that in most companies, there are workers who "help move things forward" and employees "who try to slam the brakes on," adding that nine out of ten people at Twitter dropped productivity. More workers got laid …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Elon Musk to ‘personally’ approve future hirings at Tesla
1 year, 7 months ago

Elon Musk to ‘personally’ approve future hirings at Tesla

Hindustan Times  

Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters. According to the email, Musk told executives to send him a list of hiring requests on a weekly basis, while also cautioning them to "think carefully" before submitting …

Senior Twitter exec who slept on office floor says businesses are not families after being fired by Elon Musk
1 year, 9 months ago

Senior Twitter exec who slept on office floor says businesses are not families after being fired by Elon Musk

India Today  

Ever since Elon Musk took over as Twitter's new owner, a lot of changes had been introduced in the company. Esther Crawford, one of Musk's loyalists who committed to building Twitter 2.0, was also amongst the ones impacted by the latest round of layoffs at the company. Elon Musk's promise to remaining employees Meanwhile, reports had surfaced earlier this week …

Twitter sacks at least 200 employees in latest round of layoffs: Report
1 year, 9 months ago

Twitter sacks at least 200 employees in latest round of layoffs: Report

Hindustan Times  

Twitter Inc has laid off at least 200 employees, or about 10% of its workforce, the New York Times reported late on Sunday, in its latest round of job cuts since Elon Musk took over the micro-blogging site last October. The layoffs on Saturday night impacted product managers, data scientists and engineers who worked on machine learning and site reliability, …

Another round of job cuts at Twitter, at least 50 laid off: Report
1 year, 9 months ago

Another round of job cuts at Twitter, at least 50 laid off: Report

Hindustan Times  

Elon Musk's Twitter Inc laid off dozens of employees on Saturday in what is at least the eighth round of job cuts since Musk took over the social network in late October, the Information reported. The job cuts impacted multiple engineering teams, including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems …

Twitter layoffs continue: Elon Musk-led company fires 50 more amid cost cuts
1 year, 9 months ago

Twitter layoffs continue: Elon Musk-led company fires 50 more amid cost cuts

Live Mint  

Twitter undertook yet another round of job cuts this week with around 50 people being laid off on Saturday. According to a report by The Information, the job cuts impacted multiple engineering teams - including those supporting advertising technology, the main Twitter app as well as technical infrastructure to keep Twitter's systems up and running. Musk had noted last year …

Elon Musk Says Last Three Months Extremely Tough, Had To Save Twitter From Bankruptcy
1 year, 10 months ago

Elon Musk Says Last Three Months Extremely Tough, Had To Save Twitter From Bankruptcy

ABP News  

Elon Musk, chief executive officer of Twitter and Tesla, has said that the past three months have been "extremely tough" as he "had to save Twitter from bankruptcy" while also fulfilling his duties in Tesla and SpaceX. According to the report, Musk tweeted, "Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla …

Elon Musk’s playbook for Tesla to survive recession: Cut costs drastically, engage competitors in price war
1 year, 10 months ago

Elon Musk’s playbook for Tesla to survive recession: Cut costs drastically, engage competitors in price war

Firstpost  

Elon Musk believes that 2023 will see the beginning of a massive recession. In a conference call discussing Tesla’s fourth-quarter results, with Tesla executives, Elon Musk outlined his plan to reshape the economics that electric vehicle makers follow, in order to survive what Musk believes to be a “serious” recession. Musk plans to run Tesla’s factories in a much leaner …

Elon Musk dumped billions in Tesla stock while company kept investors in the dark: WSJ
1 year, 11 months ago

Elon Musk dumped billions in Tesla stock while company kept investors in the dark: WSJ

Raw Story  

Lost among all the attention paid to Elon Musk at the end of the year over his purchase and dismantling of the leadership of Twitter, was the implications over his sale of billions in Tesla stock which has some investment watchdogs questioning the timing. The report notes that the controversial Musk sold off almost $3.6 billion of the stock in …

Tesla shares tumble after company misses delivery target
1 year, 11 months ago

Tesla shares tumble after company misses delivery target

Associated Press  

DETROIT — Shares of Tesla tumbled more than 12% Tuesday on the first full day of trading since the company announced 2022 delivery numbers that fell short of targets. Tesla said Monday that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow deliveries by 50% nearly every year. …

Tesla shares plunge 13 percent on growth concerns
1 year, 11 months ago

Tesla shares plunge 13 percent on growth concerns

Al Jazeera  

Once worth more than $1 trillion, Tesla lost more than 65 percent in 2022 and $60bn on Tuesday alone. Tesla Inc shares started 2023 where they left off last year, plunging more than 13 percent on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world’s most valuable automaker. Tuesday’s slide knocked off …

Musk tells Tesla workers not to be 'bothered by stock market' after shares fall
1 year, 11 months ago

Musk tells Tesla workers not to be 'bothered by stock market' after shares fall

Hindustan Times  

Tesla Inc Chief Executive Elon Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter. Musk tells Tesla workers not to be 'bothered by stock market' after shares fall In an email sent to …

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