US stock market overview - Tesla, Banks, Bitcoin, Pharmaceuticals and other stocks
Tesla (TSLA) will lay off about 10% of its staff.The largest reduction in the history of the young company.Senior Vice President Drew Baglino is also leaving the company.Spiegel writes about this, citing an internal letter from the billionaire to company employees. In it, Elon Musk justifies the need for layoffs by saying that Tesla “has grown too quickly in recent years, and many functions in the company are duplicated.”Tesla shares are down 6% and down 34% year to date.
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