Tesla Is Pulling Back From EV Charging, and People Are Freaking Out
Widespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network.
| Ticker |
TSLA
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| CIK | 0001318605 |
| SIC | 3711 |
| Sector | Manufacturing |
| Industry Category | Automobiles And Trucks |
| Industry Group | Motor Vehicles & Passenger Car Bodies |
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Tesla Is Pulling Back From EV Charging, and People Are Freaking OutWidespread layoffs within the Tesla unit are a blow to efforts to build out a national charging network. Looking for an Alternative to Tesla Stock? Li Auto Offers Big Potential.This company in an exciting industry is worth a look. Tesla Interns Say Offers Are Getting Revoked Weeks Before Their Start Date(Bloomberg) -- Elon Musk’s latest cost-cutting victims: summer interns.Most Read from BloombergUS and Saudis Near Defense Pact Meant to Reshape Middle EastBiden Calls Ally Japan ‘Xenophobic’ Along With China, RussiaSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineHuawei Secretly Backs US Research, Awarding Millions in PrizesTesla Axes Supercharger Team in Blow to Broader EV MarketTesla Inc. is rescinding offers just weeks before internships were set to start, prompting aspiring empl Tesla Just Got More Good News From China. Shares Are Down.Shares of the electric-vehicle maker rose about 4% in April, beating the S&P 500 by about 8 percentage points. Musk tweets plans to slow Tesla supercharger growthTesla (TSLA) CEO Elon Musk took to Twitter to announce the company's plans to decelerate the expansion of its Supercharger network. According to reports, this strategic shift has prompted Tesla to implement layoffs within the division responsible for the Supercharger infrastructure. Yahoo Finance's Pras Subramanian breaks down the details and provides insights into the company's move to reportedly cut "gigacasting" manufacturing as well. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith |