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Tesla profits nosedive as more job cuts announced
(www.bbc.com)
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this post was submitted on 24 Apr 2024
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A 6 month chart is supposed to correlate with the effect of today's layoffs announcement?
The layoffs were known last week though.
Sure, the news is finally talking about the layoffs, but people were locked out of their badges and complaining last week about this. So now its official today, but it was public knowledge last week when that price declined dramatically.
So the employees were nominally on the books until today. Big woop. They stopped working a week ago and complained about it online. You can't hide a mass of 10,000+ sad and angry employees talking shit about Tesla. The stock moved on that before the official layoff announcement today.