tl;dr
Some Tesla (NASDAQ:TSLA) employees are reportedly anticipating potential layoffs, with speculation suggesting the action could occur imminently. According to seven engineers, including those from the Austin gigafactory and the Fremont plant, the rumors have circulated within the company. However, so...
Some Tesla (NASDAQ:TSLA) employees are reportedly anticipating potential layoffs, with speculation suggesting the action could occur imminently. According to seven engineers, including those from the Austin gigafactory and the Fremont plant, the rumors have circulated within the company. However, some workers claim they have not heard such discussions, while others are not treating the rumors with great seriousness. An engineer acknowledged the existence of "whispers" and expressed concerns, highlighting the propensity for false rumors to proliferate in a large organization like Tesla. Notably, Tesla (TSLA) did not provide a response to requests for comment on this matter. This conjecture follows closely after Tesla (TSLA) informed its employees working on the Cybertruck production line at the Texas gigafactory that their shifts would be shortened. Furthermore, there are reports from multiple customers stating that Tesla (TSLA) cancelled certain Cybertruck delivery appointments due to an "unexpected delay." Tesla has encountered challenges, as evidenced by its Q1 deliveries falling short of already-reduced expectations. Analysts have cautioned that the company's deliveries for this year may decline even further.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, as well as other related products and services. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market (which includes plug-in hybrids) and 23% of the battery-electric (purely electric) market. Through its subsidiary Tesla Energy, the company develops and is a major installer of solar photovoltaic energy generation systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020.
Industry: Manufacturing, Motor Vehicles & Passenger Car Bodies
Revenue: $544,758,333,000
Price/Earnings Ratio: 39.87
Dividend Yield: None
Market Cap: $967,729,970,000
Stock Price: $186.88
Book Value: 1.115
EPS: 0.035
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