Tesla’s stock plummets on news of job cuts and lower Q4 profits

Tesla Inc. (TSLA) saw its shares plunge over 7.9% in premarket hours on Friday after the company announced that it was going to lay off 7% of its workforce in an effort to cut costs. In an email to employees, CEO Elon Musk said the company is attempting to make the Model 3 sedan more … Continue reading Tesla’s stock plummets on news of job cuts and lower Q4 profits