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The largest manufacturer of electric vehicles, Tesla Inc., will reduce the staff by 7%, company CEO Elon Musk reported in the corporate blog. Tesla abandons a number of employees around the world, leaving only some of the most important contractors and temporary employees. Downsizing is due to lower financial performance. Profit for the IV quarter decreased compared with the figure for the III quarter. Tesla will adjust the delivery of Model 3 electric vehicles with an average power reserve by May of the current year. By the beginning of July 2019, the United States will reduce tax breaks for owners of electric vehicles, so the company expects high demand for the Model 3. The company's capitalization has not changed much over the year. At the beginning of 2018, it grew by 4.4%. Shares of the company fell in price by 4.6% during preliminary trading.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Tesla Inc.’s (TSLA) Chief Executive Officer Elon Musk announced on Thursday that Wall Street’s most controversial stock might join the S&P 500 after the company’s market value has risen from $50 billion to more than $250 ...
On Monday, Tesla Inc.’s shares (TSLA.O) rose by 13% to an all-time intraday high of $1,342 per share. Some analysts said that the electric car maker's shares could surge another 24% this year. JMP Securities (JMP) boosted its price target ...
Australia’s second-largest lender, Westpac Banking Corp. (WBC.AX), announced on Friday that it would pay AUD 8 Million ($5.5 Million) including interest to around 8,000 employees who have underpaid their long service leave entitlements ...
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