Tag: Tesla share price falls

July 24, 2024 BY Robert Bell

Tesla Profits Keep Falling in Q2

These results caused an immediate impact on the market, as the TSLA price fell by more than 4% in after-hours trading on the NASDAQ exchange. It’s still the most valuable car manufacturer on the planet, but TSLA’s warnings about lower growth this year have been followed by moves to offer cheaper financing and lower prices.…

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May 22, 2024 BY Elizabeth Anderson

Musk’s Planned 10% Job Cuts Keep Tesla Employees On Edge

In mid-April 2024, Elon Musk, the electric vehicle (EV) maker’s CEO, indicated that the company would reduce its workforce by 10% in response to global economic pressures and a decrease in demand. At this time, Musk stated this is a “difficult decision” as the company employs more than 140,470 workers. He wrote: There is nothing…

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