Tesla shares slide to 15-month low ahead of earnings, as Wall Street frets over price cuts, layoffs

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Tesla’s stock dropped for a seventh straight day on Monday, ahead of a highly anticipated earnings report from the electric vehicle company.

Tesla's stock dropped for a seventh straight day on Monday, reaching its lowest since January 2023.shares fell for a seventh straight day, reaching their lowest since January 2023, as further price cuts over the weekend added to mounting concerns heading into the the company's first-quarter earnings report on Tuesday.

Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin market Prior to the recall notice and price cuts, Tesla had initiated a steep and messy restructuring, informing employees early last week that it would be cutting more than 10% of its global workforce. The layoffs are ongoing, with some employees receiving notifications their jobs were eliminated in the last couple days, according to two current employees, who spoke with CNBC on condition that their names be withheld from publication.

 

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