Tesla shares rise after Elon Musk fires 10% of employees
More than 14,000 people at Tesla have been laid off as part of Elon Musk's cost-cutting measures aimed at improving productivity.
Tesla has laid off more than 14,000 employees.
Shares are rising in pre-market trading.
The electric vehicle maker will report earnings on April 23.
Shares jumped about 1% in pre-market trading Monday morning after the alarming message landed in employees' inboxes. The world's largest electric vehicle maker said in a company-wide email that it had decided to lay off "more than 10%" of its global workforce, or about 14,000 employees.Tesla CEO Elon...