Tesla Inc. was sued by a former employee who claims the company’s decision to lay off about 10% of its workforce in a global retrenchment violated the law by failing to provide required advance notice.
Tesla’s first-quarter net income plummeted 55% as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. The Austin, Texas, company said it made $1.13 billion from January through March compared with $2.
Tesla tumbled 4% on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its earnings report later this week. The company slashed prices by up to $2,
Sales are falling. Layoffs are happening. Self-driving needs a hand (or two). Analysts want to know how the company gets back on the road to growth and will watch Tuesday's earnings closely.
Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years.
Tesla’s mass layoffs will hit the electric car maker’s Fremont gigafactory and Palo Alto offices with 2,753 job cuts, according to state filings. The move is part of a broader 10% workforce reduction across the Elon Musk-led company,
Tesla is expected to release its first-quarter earning reports Tuesday afternoon. Key Background. Tesla announced the massive layoffs amid a series of mounting
Things aren’t going well at Tesla. The stock is currently down more than 40 percent year-to-date, analysts expect the Texas-based automaker to announce a 40 percent drop in profits, more than 20,000 people are expected to lose their jobs,
Tesla “acted intentionally and with deliberate indifference and conscious disregard to the rights of its employees,” according to the complaint filed in state court in San Jose.
Tesla’s first-quarter net income plummeted 55%, but its stock price surged in after-hours trading Tuesday as the company said it would accelerate production of new, more affordable vehicles. The compa
Tesla is cutting 2,753 workers in the Bay Area and 3,332 statewide as part of its latest layoffs. The Texas-based company last week announced plans to cut 10% of its global workforce, which numbered 140,
Tesla cut its full self-driving (FSD) car software price from $12,000 to $8,000 on Saturday, after cutting Tesla prices earlier in the week. It's the FSD price cut, even more than the car price cuts,
Things aren’t going well at Tesla. The stock is currently down more than 40 percent year-to-date, analysts expect the Texas-based automaker to announce a 40 percent drop in profits, more than 20,000 people are expected to lose their jobs,
Tesla’s bad year in the markets looks poised to get even worse. The electric-vehicle maker’s stock fell more than 3.5% in premarket trading, threatening to deepen its 41% loss for this year. As of Friday,
Tesla (TSLA) stock jumped in post-market trading after the company said it would accelerate the launch of more affordable vehicles. "We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025,
Tesla’s rocky year — plagued by price cuts, recalls and layoffs — continued Monday as shares of Elon Musk’s electric vehicle company dropped more than 3% ahead of Tuesday’s much-anticipated quarterly earnings.
Probably looking to keep its 51% market share in the United States, Tesla Inc. (NASDAQ: TSLA) has cut prices on most of its models. It lowered prices on several late last year and early in 2024. Tesla's issues may be so difficult that it is in deep trouble.