TSLA: Exits, Layoff & Probe Hurt Q2 Earnings ?
@JC888:
Intro. I have approached this subject in a post, dated 06 May 2024 (click here! to read about it). Much have happened since then. As much as $Tesla Motors(TSLA)$’s fans do not like to hear it, things seemed to have taken a turn for worse. Suffice to say, most corporates in the US subscribed to the “hire & fire” policy. This is where a company scales up quickly on the run up to a boom and downsize immediately at the slightest turn of event. In the case of Tesla faced with falling demand, what has begun as price slashing to drive up demand, has given way to staff layoff (at a gathering pace) in a bid t