Tesla Stock Slides On Reports of California Layoffs, Office Closure

The Street2022-06-29

Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.Tesla shares edged lower Wednesday following ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Looyusooi
2022-06-30
Looyusooi
Ok
Gladys8jk
2022-06-30
Gladys8jk
Ok
Yuanecute
2022-06-30
Yuanecute
wow
miker9110
2022-06-30
miker9110
K
AxelOng
2022-06-29
AxelOng
Cut cost
GggSlimeR
2022-06-29
GggSlimeR
Oh no Thanks & Do not like my comment

Leave a comment

181

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1158853620?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-29 18:38","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1158853620","market":"us","top_or_hot":-1,"title":"Tesla Stock Slides On Reports of California Layoffs, Office Closure","media":"The Street","content":"<div>\n<p>Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.Tesla shares edged lower Wednesday following ...</p>\n\n<a href=\"https://www.thestreet.com/markets/tesla-stock-slides-on-reports-of-california-layoffs-office-closure\">Source Link</a>\n\n</div>\n","source":"lsy1610613172068","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Slides On Reports of California Layoffs, Office Closure</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Slides On Reports of California Layoffs, Office Closure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 18:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/tesla-stock-slides-on-reports-of-california-layoffs-office-closure><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.Tesla shares edged lower Wednesday following ...</p>\n\n<a href=\"https://www.thestreet.com/markets/tesla-stock-slides-on-reports-of-california-layoffs-office-closure\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.thestreet.com/markets/tesla-stock-slides-on-reports-of-california-layoffs-office-closure","article_id":"1158853620","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158853620","pubTimestamp":1656499135,"sourceInfo":{"source_id":"lsy1610613172068","name":"The Street"},"weMediaInfo":null,"summary":"Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉股价因加州裁员和办公室关闭的报道下滑","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"Tesla has reportedly closed its San Mateo office, and laid off 200 employees, as it begins a wave of cost cuts throughout the carmaker's global operations.Tesla shares edged lower Wednesday following a report that the clean-energy carmaker has laid off around 200 workers in a California office focused on its auto pilot system.The layoffs, first reported by Bloomberg, are said to affect hourly workers at the San Mateo location -- which we reportedly face closure -- in a move that would contradict CEO Elon Musk's assertion that the 10% job cuts he said would be needed would only affect salaried employees.In a company-wide email sent earlier this month, Musk warned of a \"\"super bad\" feeling about the global economy and cautioned on impending job cuts.The San Mateo decision also suggests Tesla is heading into a period of deep cost cuts following a difficult second quarter marred by production halts in Shanghai, surging input costs, supply chain snarls and the worst three-month decline for bitcoin -- a major Tesla investment -- in more than four years.Tesla shares were marked 1.5% lower in pre-market trading at $687.30 each, a move that would extend the stock's year-to-date decline to around 35%.Short interest in Tesla shares remains elevated, according to recent data from S3 Partners, with bets against the stock representing around $19.3 billion in value, or 2.56% of the stock's outstanding float.Earlier this month, Tesla boosted the cost of its long-range Model Y by around 5%, to $65,990, while the base cost for the Model 3 long range sedan rose $2,000 to $57,990. Model S prices were increased by $5,000 to $104,990. The changes mark the second price increase of this year and the third since last October.Raw materials prices, as well as labor costs linked to overall production cycles, have risen steadily over the past year, while Nickel prices -- a crucial component in EV battery making -- have risen around 30% so far this year to around $25,500 per ton on the London Metals Exchange, while battery-grade lithium carbonate prices are up around 60% from early 2021 levels.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9045984589,"gmtCreate":1656551622041,"gmtModify":1676535851952,"author":{"id":"4100437715079400","authorId":"4100437715079400","name":"Looyusooi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4100437715079400","authorIdStr":"4100437715079400"},"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045984589","repostId":1158853620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042754479,"gmtCreate":1656542416691,"gmtModify":1676535847133,"author":{"id":"4094787128284850","authorId":"4094787128284850","name":"Gladys8jk","avatar":"https://static.tigerbbs.com/789bbf473867763cd44be080e269826d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4094787128284850","authorIdStr":"4094787128284850"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042754479","repostId":1158853620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042797988,"gmtCreate":1656527630644,"gmtModify":1676535845347,"author":{"id":"3583210195403389","authorId":"3583210195403389","name":"Yuanecute","avatar":"https://static.tigerbbs.com/b16771be0bfff1b89dc4e942803ce2c2","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3583210195403389","authorIdStr":"3583210195403389"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042797988","repostId":1158853620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042471520,"gmtCreate":1656518781060,"gmtModify":1676535844796,"author":{"id":"3568440341211251","authorId":"3568440341211251","name":"miker9110","avatar":"https://static.tigerbbs.com/74c64fa1d597623853f21e898b7d0c13","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3568440341211251","authorIdStr":"3568440341211251"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042471520","repostId":1158853620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042429314,"gmtCreate":1656515231038,"gmtModify":1676535843948,"author":{"id":"4089463306606890","authorId":"4089463306606890","name":"AxelOng","avatar":"https://static.tigerbbs.com/8eaa7b50259b0329b74e09bc501ecd38","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4089463306606890","authorIdStr":"4089463306606890"},"htmlText":"Cut cost","listText":"Cut cost","text":"Cut cost","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042429314","repostId":1158853620,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9042485572,"gmtCreate":1656514273396,"gmtModify":1676535843394,"author":{"id":"4093058604760480","authorId":"4093058604760480","name":"GggSlimeR","avatar":"https://community-static.tradeup.com/news/4b805c8472adab6d9418f36452434a56","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"4093058604760480","authorIdStr":"4093058604760480"},"htmlText":"Oh no&nbsp;Thanks &amp; Do not like my comment&nbsp;","listText":"Oh no&nbsp;Thanks &amp; Do not like my comment&nbsp;","text":"Oh no Thanks & Do not like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042485572","repostId":1158853620,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":181,"commentSize":18,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1158853620"}