'Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Tesla has reduced its workforce by at least 14% this year, surpassing Elon Musk's earlier statement that layoffs would exceed 10%.
June 21, 2024 | 7:22 pm
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NEGATIVE IMPACT
Tesla has reduced its workforce by at least 14% this year, surpassing Elon Musk's earlier statement that layoffs would exceed 10%. This significant downsizing could impact Tesla's operational efficiency and investor sentiment.
The news of Tesla's workforce reduction exceeding expectations could negatively impact investor sentiment and raise concerns about the company's operational efficiency. This could lead to a short-term decline in TSLA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100