Ford to cut up to 3,000 'white collar' jobs, a 'significant' percentage in Michigan

nytimes.com/2022/08/22/business/ford-motor-job-cuts.html

Aug 22 22

Ford to Cut 3,000 Jobs to Reduce Costs in Transition to Electric Vehicles: The automaker said the move was needed to be competitive and reallocate resources.

124

630 49

Toronto Sun

D

Aug 22 22

Ford Motor Co. cuts 3,000 jobs as it pivots to electric vehicles, software: Ford Motor Co said it will cut a total of 3,000 salaried and contract jobs ...

torontosun.com/business/money-news/ford-motor-co-cuts-3000-jobs-as-it-pivots-to-electric-vehicles-software

12

151

Detroit Free Press

A-

Aug 22 22

Ford to cut up to 3,000 salaried jobs, a 'significant' percentage in Michigan: Ford Motor Co. has started to eliminate thousands of white-collar jobs this week ...

freep.com/story/money/cars/ford/2022/08/22/ford-cuts-salaried-jobs-michigan/7865641001/

48

528

The Detroit News

A-

Aug 23 22

Here's why Ford is cutting thousands of jobs, mostly in Michigan: To build its EV, connected future, Ford leaders have to make changes, addressing expenses from ...

detroitnews.com/story/business/autos/ford/2022/08/22/fords-cutting-thousands-jobs-boost-electric-vehicle-transformation/7867566001/

0

15

Reuters

A

Aug 22 22

Ford cuts 3,000 jobs as it pivots to EVs, software: Ford Motor Co(F.N) said it will cut a total of 3,000 salaried and contract jobs, mostly in North America and ...

reuters.com/business/autos-transportation/ford-cuts-3000-jobs-it-pivots-software-future-2022-08-22/

4

13 8

Forbes

C+

Aug 23 22

Ford CEO Jim Farley Discusses The Future Of Luxury And Personal Transportation: We speak with Ford President and CEO Jim Farley about the history of Lincoln ...

forbes.com/sites/kbrauer/2022/08/19/fords-president-and-ceo-jim-farley-discusses-the-future-of-luxury-and-personal-transportation/

0

Aug 22 22

Ford cutting 3,000 white-collar jobs in bid to lower costs: About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to ...

seattletimes.com/business/ford-cutting-3000-white-collar-jobs-in-bid-to-lower-costs/

0

1

Yahoo Finance

finance.yahoo.com/news/ford-ceo-splitting-off-ev-unit-needed-to-happen-to-transition-faster-204334690.html

Aug 22 22

Ford CEO: Splitting off EV unit needed to happen to transition faster: At this year’s Monterey Car Week, Lincoln is celebrating a big milestone - in style.

0

7

News.com.au

B

Aug 23 22

Ford sacks 3000 staff on the spot: International car manufacturer Ford has sacked 3000 employees on the spot in an internal email sent on Monday.

news.com.au/finance/work/at-work/ford-car-company-cuts-3000-jobs-amid-restructuring-efforts/news-story/32d4cf470a510c9c8adf37199e2d399a

0

30

The Globe and Mail

theglobeandmail.com/business/international-business/article-ford-cuts-3000-jobs-as-it-pivots-toward-software-driven-electric/

Aug 22 22

Ford cuts 3,000 jobs as it pivots to EVs, software: Ford has begun separating its operations into electric, combustion engine and commercial vehicle operations

0

Aug 22 22

Ford Motors To Cut 3000 Jobs; Needs People With Skills To Tap Industry Shift Towards Electric Vehicles

india.com/business/ford-motors-to-cut-3000-jobs-farley-says-not-enough-people-to-tap-industry-shift-towards-electric-vehicles-5587636/

0

Fast Company

fastcompany.com/90781415/ford-lays-off-3000-employees

Aug 23 22

Ford lays off 3,000 employees: ‘Skills that don’t work any more’: Ford cuts 3,000 jobs across the globe.

0

The Drive Aug 22 22

Ford To Cut 3,000 Jobs to Lower Costs, Prepare for EV Transition: The cuts will be made to white-collar roles, including members of Ford's internal ...

thedrive.com/news/ford-to-cut-3000-jobs-to-lower-costs-prepare-for-ev-transition

0

99

Autoblog

C

Aug 22 22

Ford cutting 3,000 white-collar jobs in push to cut $3 billion in costs | Autoblog

autoblog.com/2022/08/22/ford-job-cuts-white-collar-layoffs/

0

122

Bloomberg

B

Apr 23

Tesla Gains as EV Maker Says It’ll Accelerate Affordable Models

bloomberg.com/news/live-blog/2024-04-23/tesla-first-quarter-earnings

116

5 4

The Guardian

C+

Apr 15

Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...

theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff

59 similar articles

18.3k

3.4k 0

guardiantech Apr 21

Tesla cuts prices around the world as sales decline in a chaotic week: Global vehicle deliveries fall for first time in four years amid growing competition ...

theguardian.com/technology/2024/apr/21/tesla-sales-price-cuts-elon-musk

33

1h

Hertz (HTZ) Posts Loss as It Reduces Tesla EV Fleet: Hertz Global Holdings Inc. reported a loss that was nearly three times worse than analysts expected as it ...

bloomberg.com/news/articles/2024-04-25/hertz-reports-392-million-loss-as-it-unwinds-tesla-fleet-burden

15

Apr 19

Tesla recalls all 3,878 Cybertrucks over accelerator pedal issue - National | Globalnews.ca

trib.al/lNW0Xx7

Quick Glance: Tesla Cybertrucks Recall Issued

Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.

The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.

An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.

Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.

3.3k

Apr 20

Tesla Cuts Prices by $2,000 as Sales Slow, Inventories Swell: Tesla Inc. cut prices of its best-selling Model Y, as well as the Model S and X, by $2 ...

bloomberg.com/news/articles/2024-04-20/tesla-cuts-prices-by-2-000-as-sales-slow-inventories-swell

97

Apr 21

Tesla (TSLA) Cybertruck Recall Is Latest Setback to Stock’s Rough 2024: The stock is sliding, a cheaper electric car is deprioritized and the CEO is riling the ...

bloomberg.com/news/features/2024-04-21/tesla-tsla-cybertruck-recall-is-latest-setback-to-stock-s-rough-2024

Paid articlePaid

Quick Glance: Tesla Cybertruck Recall and Stock Decline 2024

Elon Musk's underlings at Tesla Inc. are accustomed to chaos, but this year has been particularly turbulent. The stock price has plummeted, there has been confusion around product decisions and price cuts. Tesla's position in the Chinese EV market is under threat, and a meeting with India's Prime Minister for a planned investment announcement was abruptly called off.

Tesla is expected to report a significant drop in operating profit and its first revenue decline in four years. Musk has ordered massive layoffs and is staking the company's future on a self-driving vehicle concept called the robotaxi. Many employees are unsettled by the changes the CEO wants to implement.

Musk has been discussing the concept of an autonomous taxi service for at least eight years, but Tesla has not yet built the infrastructure required for it. The focus is now on the robotaxi instead of a cheaper mass-market vehicle that many investors deem crucial. Key managers have left the company, and analysts are concerned about Tesla's strategy.

Musk has announced that more than 10% of the workforce will be laid off. Transitioning to the robotaxi service is risky, as regulation at the state and local level can be challenging. Nevertheless, Musk is betting on Tesla making robotaxis a reality by promoting FSD and cutting prices. Some of the Tesla layoffs were poorly organized and perceived as humiliating.

pcmag.com/news/tesla-drops-its-full-self-driving-price-to-8000

45

5 23

PCMag Apr 21

Tesla Drops Its Full Self-Driving Price To $8,000: The drop represents a $4,000 price drop in the United States

16

Apr 24

Tesla could start selling Optimus robots by the end of next year, Musk says: Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as ...

reuters.com/technology/tesla-could-start-selling-optimus-robots-by-end-next-year-musk-says-2024-04-24/

Quick Glance: Tesla aims to potentially launch its humanoid robot Optimus next year, Elon Musk suggests

Elon Musk hinted at the possibility of Tesla introducing its humanoid robot Optimus to the market next year. The company plans to deploy the robot in its own factory by the year's end.

Not long ago, Tesla revealed “Optimus Gen 2”, a new iteration of its humanoid robot designed to assume repetitive human tasks.

Tesla's confidence in achieving this stems from its utilization of AI technologies in the self-driving vehicle sector and its proficiency in battery and electric motor innovations. The notion that its vehicles are essentially robots on wheels was posited.

Envisioning a future where households incorporate a Tesla Optimus robot that assumes various manufacturing and service roles, the CEO's perspective is clear.

101

Apr 23

Tesla Earnings Report Could Add to Concerns About Its Strategy: The first-quarter results will very likely fuel worries that competitors will continue grabbing a ...

nytimes.com/2024/04/23/business/tesla-earnings-first-quarter-elon-musk.html

Quick Glance: Tesla Profit Decline Alarms Investors

Tesla's profit fell by 55% in the first quarter due to tepid car sales.

Revenue dropped by 9% to $21.3 billion.

Price cuts and job layoffs indicate challenges in cost control.

Investors concerned about Tesla's declining sales and profits.

2 similar articles

471

68 819

NPR

npr.org/2024/04/21/1246256484/tesla-car-price-cuts-elon-musk-cybertruck

Apr 22

Tesla cuts its car prices around the world after week of turmoil for the company: The company dropped its starting prices of its Model X, Model Y and Model S by ...

22 similar articles

4.7k

1k

BBCTech Apr 19

Tesla recalls Cybertrucks over accelerator crash risk: The electric car company, run by Elon Musk, is recalling thousands of what is its latest vehicle.

bbc.com/news/articles/c9ezp0lv039o

arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/

51

66 130

arstechnica Apr 24

Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.

55

18h

Musk moves Tesla's goalposts, investors happily move shares higher: It's the millions-of-robotaxis promise again – and all y'all buying it this time ...

theregister.com/2024/04/24/musk_moves_tesla_goalposts_back/

11

1

businessinsider.com/tesla-cybertruck-accelerator-pedal-recall-fix-includes-drilling-hole-2024-04

Apr 22

Tesla's Cybertruck needs a hole drilled through the accelerator pedal: A user posted a 35-second video on X of him fixing the gas pedal issue that caused a ...

3 similar articles

828

149

The Sydney Morning Herald

smh.com.au/business/companies/tesla-s-profits-are-being-sunk-by-a-tide-of-electric-cars-20240424-p5fm6k.html

Apr 24

Tesla’s profits are being sunk by a tide of electric cars: First-quarter profits for Elon Musk’s company have more than halved, with the EV market awash with ...

392

Apr 22

Tesla has lowest maintenance and repair cost of any brand: Tesla has the lowest maintenance and repair cost of any brand, according to a new study by Consumer ...

electrek.co/2024/04/22/tesla-lowest-maintenance-repair-cost-any-brand/

2.2k

Apr 24

Tesla to launch new models ahead of planned timeline, shares jump: Tesla said on Tuesday it had pulled forward the launch of new models, sending its shares up 6% ...

reut.rs/3UektlH

4 similar articles

64

13

businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4

Apr 24

Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...

Quick Glance: Elon Musk must be removed as CEO to save Tesla

Tesla is struggling with declining sales, layoffs, and issues in China.

Elon Musk is blamed for the company's state and his departure could save Tesla.

Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.

685

Apr 23

What happened to Tesla? Weak sales, layoffs and recalls weigh on outlook.: The company is facing its greatest set of challenges since a series of unforced errors ...

washingtonpost.com/technology/2024/04/23/elon-musk-tesla-earnings-outlook/

2.2k

Apr 23

Tesla launches performance variant of Model 3 compact sedan

reut.rs/4aDo97H

31 similar articles

41

11

engadget Apr 23

Tesla previews ride-hailing experience ahead of August robotaxi unveil: Tesla has shown off a preview of an upcoming ride-hailing feature in its app ahead of an ...

engt.co/3Jxf2JN

mashable.com/article/tesla-drop-prices-for-several-cars-excluding-cybertruck

30

4

futureshift Apr 21

Tesla cuts prices after massive Cybertruck recall: The Model Y is currently sitting at the cheapest price it's ever been.

10

Apr 22

Tesla: EV giant cuts prices in major markets as sales fall: The move comes after the firm reported a sharp fall in deliveries in the first three months of 2024.

bbc.com/news/articles/c1d4g8jz57yo

600

Apr 22

Tesla slashes prices amid slumping sales: Tesla dropped the prices of its vehicles globally on Friday as the largest electric vehicle manufacturer faces ...

thehill.com/business/4610375-tesla-slashes-prices-amid-slumping-sales/

1.1k

310

markets.businessinsider.com/news/stocks/tesla-stock-price-elon-musk-q1-earnings-outlook-model-2-2024-4

Apr 24

Elon Musk finally the 'adult in the room,' Tesla headed for growth: Wedbush: "Elon Musk finally stepped up as the adult in the room and laid the foundation for ...

Quick Glance: Elon Musk Leads Tesla to Growth: Wedbush

Elon Musk is referred to as the 'adult in the room' and lays the foundation for Tesla's growth strategy, according to Wedbush analysts.

Tesla stock could be headed for better days, as Elon Musk finally steps up as the 'adult in the room' to calm investors amidst various headwinds, noted Wedbush Securities analyst Dan Ives.

The company particularly reiterated its guidance on the Model 2, a lower-cost electric vehicle set to roll out next year, eagerly awaited by Wall Street to boost sales. This cheaper model will be crucial for Tesla's success, focusing on sales volume in the near term, as highlighted by Ives.

Despite short-term headwinds, Tesla is on a good trajectory in the long run, as mentioned by Wedbush. Ives added that the company has a 'golden vision' regarding its full self-driving technology, pivotal for Tesla's strategy over the next decade.

504

3h

Meta and Tesla: A Tale of 2 CEOs. Why Musk’s AI Plan Trumps Zuckerberg’s, and 5 Other Things to Know Before Markets Open.

barrons.com/articles/meta-tesla-stock-what-to-know-today-29ea8baa

4

Apr 22

Elon Musk apologizes to laid off Tesla employees for a major mistake: Musk just informed his Tesla employees of an issue that was brought to his attention.

thestreet.com/electric-vehicles/elon-musk-apologizes-to-laid-off-tesla-employees-for-major-mistake

6 similar articles

237

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WIRED Apr 23

Tesla Promises 'More Affordable Vehicles' and a 'Cybercab': Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more ...

wired.com/story/tesla-promises-more-affordable-vehicles-cybercab/

41

Apr 23

Ford Doesn’t Have a Ferrari Division, but Ford Pro Could Be a Stock Catalyst

barrons.com/articles/ford-stock-ferrari-pro-earnings-84a92295

6

Apr 20

Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered ...

chicagotribune.com/2024/04/19/tesla-cybertruck-recall/

624

Apr 23

Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...

reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/

Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory

Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.

The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.

Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.

The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.

507

Apr 23

Tesla’s $939 Billion Valuation Lead Over Toyota Is Almost Gone: Two and a half years ago, Tesla Inc. was worth almost $1 trillion more than Toyota Motor Corp. ...

bloomberg.com/news/articles/2024-04-23/tesla-s-939-billion-valuation-lead-over-toyota-is-almost-gone

12

Apr 23

Tesla’s in its flop era: Tesla is in trouble. Sales are down, its stock is tumbling, and the company’s future appears to be in doubt ...

theverge.com/24134781/tesla-q1-2024-earnings-sales-market-share-elon-musk

345

Apr 24

Tesla brings forward new models as profits halve : The EV maker brings forward launch plans for new models as profits drop by more than half.

bbc.com/news/articles/c72pvz18x4lo

552

39

businessinsider.com/tesla-slashes-prices-suv-cars-self-driving-software-before-earnings-2024-4

Apr 22

Tesla slashes car and self-driving software prices after chaotic week: Three models are $2,000 cheaper in the US, while the self-driving software now costs $8 ...

1k

145

engadget Apr 21

Tesla makes its controversial Full Self-Driving software cheaper by $4,000: Tesla shared on X this weekend that it's reduced the price of its Full Self-Driving ...

engt.co/3Qamy0M

engadget.com/tesla-cuts-model-y-x-and-s-prices-in-the-us-and-says-its-ending-the-referral-program-172311662.html

44

4

engadget Apr 20

Tesla cuts Model Y, X and S prices in the US and says it's ending the referral program

60

20h

Uber and Lyft Stock Fall on Robotaxi Worries. That Doesn’t Make Sense.: Comments from Tesla CEO Elon Musk seem to be putting pressure on shares of the ...

barrons.com/articles/uber-lyft-stock-tesla-robotaxi-8a2cc67a

Paid articlePaid

4

0 18

businessinsider.com/why-tesla-wants-give-elon-musk-billion-pay-package-2024-4

Apr 17

Why Tesla wants to give Elon Musk $55 billion pay package: Tesla says Elon Musk's pay package is a "matter of fundamental fairness and respect to our CEO."

Quick Glance: Why Tesla Wants Approval for Elon Musk's $55 Billion Compensation Package

Tesla is seeking shareholder approval for Elon Musk's compensation package, which was previously rejected by a judge.

The company asserts that implementing the plan is crucial for Tesla's future growth.

Elon Musk will be rewarded with stock options that become available when Tesla achieves specific financial objectives.

1k

Apr 24

Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears: Tesla shares surged 10% on Wednesday after the electric-car maker eased some worries ...

reuters.com/technology/tesla-jumps-musks-promise-more-affordable-cars-eases-growth-fears-2024-04-24/

seekingalpha.com/article/4685094-tesla-q1-results-riveting-focus-on-what-matters

48

7 47

SeekingAlpha Apr 22

Tesla's Q1 Results Will Be Riveting, But Let's Focus On What Matters: Tesla has been rightfully pressured in recent period, but glimmers of hope for long-term ...

3

18h

How soon can Tesla get its more affordable car to the market?: Shares jump after carmaker says it is looking to accelerate production of lower-price EVs

theguardian.com/technology/2024/apr/24/how-soon-can-tesla-get-its-more-affordable-car-to-the-market

Quick Glance: Tesla's Rapid Launch of Affordable Cars

Tesla's plans for more affordable electric vehicles are moving closer.

To accelerate production, Tesla is deviating from the Model 2 plan and opting for current manufacturing lines.

The exact costs of the new models are still unclear, but the company anticipates achieving less cost reduction than previously expected.

Production of the new vehicles could start as early as early 2025, if not late this year.

52

18

businessinsider.com/elon-musk-cancels-trip-to-india-tesla-layoffs-struggles-2024-4

Apr 20

Elon Musk cancels trip to India over 'heavy Tesla obligations': Elon Musk shared the announcement in an X post on Saturday, just three days before Tesla's Q1 ...

Quick Glance: Elon Musk postpones India trip due to Tesla issues

Elon Musk has delayed his planned trip to India due to Tesla facing challenges.

The Tesla CEO was set to travel to India next week to meet with Prime Minister Narendra Modi.

While not revealing many specifics about the trip, Musk reportedly intends to announce an investment of $2 to $3 billion in India. He aims to establish a new factory in India, where the electric vehicle market is small but growing.

Musk's decision to delay the trip coincides with Tesla's earnings release on April 23, where Musk and investors will address the company's tumultuous start to 2024.

794

23h

Tesla shareholder seeks to block Musk from litigating pay outside of Delaware Show more

57

16

CNN.com

C+

Apr 23

Tesla’s earnings plunge, but the company promises cheaper car model: Tesla reported its first quarter adjusted earnings plunged 48%, falling short of lowered ...

cnn.com/2024/04/23/business/tesla-report-earnings-result/

2.5k

Apr 24

Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...

reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/

44

Apr 24

Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...

45

Apr 23

Tesla to lay off more than 3,000 employees in California, notices show Show more

62

9

N-tv

C

Apr 24

Weak business figures: Tesla's quarterly profit falls by 55 percent: The US electric car manufacturer Tesla is struggling with falling sales figures ...

n-tv.de/wirtschaft/Teslas-Quartalsgewinn-faellt-um-55-Prozent-article24896184.html

405

20h

Tesla Is in Panic Mode. Can Elon Musk Turn the Company Around? : The carmaker's profits fell 55% in the first quarter of 2024. Elon Musk faces major challenges ...

time.com/6970399/tesla-stock-earnings-call-elon-musk/

439

Apr 21

Big Fund Doubles Down on Palantir Stock, Sells Apple, Tesla, Microsoft

barrons.com/articles/palantir-stock-apple-tesla-microsoft-1ab0e0ba

Paid articlePaid

13

1

businessinsider.com/will-cheaper-tesla-lure-buyers-ev-demand-2024-4

21h

Musk promised cheaper Teslas: What if no one wants one?: Tesla investors are celebrating news of cheaper vehicles on the horizon. That assumes lots of people ...

403

18h

Ford (F) Earnings Beat Estimates on Work Truck Sales: Ford Motor Co., rapidly retooling its electric vehicle strategy in a decelerating market for plug-ins ...

bloomberg.com/news/articles/2024-04-24/ford-beats-sales-profit-estimates-amid-ev-strategy-overhaul

5

Apr 23

Elon Musk's SpaceX seems to have a workplace injury problem: A new report found that employees are getting injured at higher rates than at other space companies

qz.com/elon-musk-space-x-injuries-earnings-layoffs-1851429089

Quick Glance: Injury Rates at SpaceX Exceed Industry Average

Injury rates at SpaceX facilities surpassed industry average in 2023.

Injuries at SpaceX locations worsened compared to 2022.

Experts raise concerns about the quality of work at SpaceX.

SpaceX and Musk have not publicly addressed safety record in detail.

43

7h

Tesla (TSLA): Can Musk’s Robotaxi Dream Help EV Maker Fix Its Troubles?: Tesla Inc. became one of the most valuable companies in the world by proving it was ...

bloomberg.com/news/articles/2024-04-24/tesla-tsla-can-musk-s-robotaxi-dream-help-ev-maker-fix-its-troubles

114

Apr 18

Tesla shares tumble below $150 per share, giving up all gains made over the past year

apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1

Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains

Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.

Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.

Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.

Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.

905

Apr 24

Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...

huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b

869

Apr 23

Stock Market's ‘Humbling’ Cycle Forces Morgan Stanley's Wilson to Stay Nimble

bloomberg.com/news/newsletters/2024-04-23/stock-market-s-humbling-cycle-forces-morgan-stanley-s-wilson-to-stay-nimble

4

Apr 24

Tesla CEO Elon Musk Is Fixing His Strategic Mistake—in the Nick of Time: Tesla’s earnings show that EVs aren’t dead yet. The industry is just on the other side ...

barrons.com/articles/tesla-gm-ford-model-2-ev-earnings-strategy-87d9677f

3

Apr 24

Morning Bid: Yen on the brink, but Tesla pulls back: A look at the day ahead in European and global markets from Tom Westbrook

reuters.com/markets/europe/global-markets-view-europe-2024-04-24/

26

Apr 23

Tesla targeting about 400 voluntary job cuts in Germany: Tesla is targeting around 400 job cuts at its German gigafactory near Berlin, or about 3% of the plant's ...

reuters.com/business/autos-transportation/tesla-aims-cut-400-jobs-germany-via-voluntary-programme-2024-04-23/

49

10 15

SeekingAlpha Apr 22

Wall Street Breakfast Podcast: Tesla's Weekend Moves: Price Cuts, Pressures Precede Earnings

seekingalpha.com/article/4685047-wall-street-breakfast-podcast-teslas-weekend-moves-price-cuts-pressures-precede-earnings

2

Apr 24

Tesla prices Model 3 performance version at $46,364 in China, to deliver from Q3

48

Apr 23

Tesla sees biggest revenue drop since 2012 but company shares still surge: Shares are up despite a revenue decline of 9% after company said it expects to release ...

theguardian.com/technology/2024/apr/23/tesla-tsla-earnings-report-cybertruck

42

Apr 24

Bitcoin Rises. Why Tesla and Meta Earnings Could Help—or Hurt—Cryptos.: Bitcoin correlation to the stock market and wider risk sentiment puts Big Tech earnings ...

on.barrons.com/49Wz4Ih

3

0

businessinsider.com/cheaper-teslas-arriving-sooner-than-planned-2024-4

Apr 24

Cheaper Teslas are arriving sooner than planned: Tesla said cheaper models are coming sooner than it had planned. The move comes as it reported a steep Q1 ...

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Apr 22

Tesla expected to post lower profit margin amid doubts on growth, product strategy

reut.rs/3xGHMgs

techcrunch.com/2024/04/20/boston-dynamics-unveils-a-new-robot-controversy-over-mkbhd-and-layoffs-at-tesla/

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TechCrunch Apr 20

Boston Dynamics unveils a new robot, controversy over MKBHD, and layoffs at Tesla

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San Francisco Chronicle

sfchronicle.com/bayarea/article/tesla-layoffs-bay-area-19418511.php

Apr 23

Tesla mass layoffs impact Bay Area, with over 2,750 jobs lost: Tesla mass layoffs slam Bay Area workers in Fremont and Palo Alto facilities, with over 2 ...

Quick Glance: Tesla Layoffs Impact Bay Area with Over 2,750 Jobs Lost

Tesla mass layoffs hit Bay Area's Fremont and Palo Alto facilities, resulting in over 2,750 job cuts. The job cuts are part of a broader 10% workforce reduction at Tesla, affecting various locations.

The layoffs are set to commence on June 14, impacting employees across multiple sites in Fremont and Palo Alto. In addition, significant job losses will occur in Lathrop, Burbank, and Austin, totaling thousands of affected workers.

Tesla's decision to eliminate a large portion of its workforce stems from the need to reduce costs amidst industry challenges. CEO Elon Musk emphasized the necessity of these layoffs despite their impact on employees and communities.

The company's restructuring plan reflects a shift in focus and operational strategies to address market dynamics, including declining stock value and competitive pressures in the electric vehicle sector. Tesla's future direction aims to navigate these challenges while maintaining its position in the industry.

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Apr 23

Morning Bid: Tanking Tesla reports, Europe business beats: A look at the day ahead in U.S. and global markets from Mike Dolan

reuters.com/markets/us/global-markets-view-usa-2024-04-23/

Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations

World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.

Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.

As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.

While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.

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Apr 21

Tesla Will Lose Its Crown to Toyota If This Happens

barrons.com/articles/tesla-stock-earnings-toyota-bab1b06c

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Apr 23

Tesla’s net income drops 55% in first quarter amid falling global sales - National | Globalnews.ca

trib.al/MIpAJGd

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businessinsider.com/teslas-future-is-riding-on-elon-musk-believers-2024-4

Apr 24

Tesla's future is riding on Elon Musk believers: Tesla reported a drop in revenue during its first quarter earnings call, falling short of expectations and ...