Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$148.00	Bppcb	Mhqwclfst

Tesla: Staff Reduction Confirms Our View of Focus on Profits in 2024

Seth Goldstein

Apr 15, 2024

On April 15, Tesla shares fell 3%. Share declines relate to Tesla’s plan to lay off more than 10% of its workforce and the departure of at least one high-level executive. The move is consistent with Tesla's strategic shift toward profitability over deliveries growth in 2024. Tesla has historically adjusted its workforce based on its strategy, hiring during periods of growth and reducing headcount during slowdowns.

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