Tesla to lay off 693 workers at Nevada factory

stock analyst • • stock options

Tesla will reportedly lay off 693 employees at its Nevada factory as part of a 10% global layoff plan announced earlier this month

According to reports, Tesla will lay off 693 employees at its Nevada factory. This is part of the company\’s global layoff plan of 10% announced earlier this month.
Tesla has submitted a notice to the Nevada Department of Employment, Training and Rehabilitation indicating its intention to lay off 693 employees at its Sparks, Nevada, factory.
Earlier this month, Tesla announced plans to lay off about 14,000 people, accounting for 10% of its global workforce.
According to Tesla’s previous WARN notices submitted to Texas and California, starting from June 14, Tesla will lay off 3,332 employees in California and 2,688 employees in Texas. A total of more than 6,000 positions will be affected.
The company also plans to lay off about 400 people in Germany starting July 15. It will also lay off 285 people at its Buffalo, New York, solar plant.

Like (0)
stock analyststock analyst
Previous April 27, 2024 7:58 pm
Next April 27, 2024 7:58 pm

Related posts

  • Tier-II IT firms’ stock performance to remain subdued, mirror Tier-I companies

    Tier-II IT firms, following a robust stock market surge surpassing larger competitors, have experienced a more pronounced price decline post lacklustre Q4 results. Analysts anticipate mid-tier IT stocks performance to further moderate and the difference between the performance of both tiers will reduce.

    stock options May 14, 2024

  • Xinhua Pharmaceutical: Net profit in the first quarter of 2024 was 142 million yuan, a year-on-year decrease of 6.41%

    CSI Intelligent Financial News Xinhua Pharmaceutical (000756) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 2.475 billion yuan, a year-on-year decrease of 6.25%; net profit attributable to the parent company was 142 million yuan, a year-on-year decrease of 6.41%; non-net profit after deduction was 138 million yuan, a year-on-year decrease of 6.41%; Net cash flow was 38.0634 million yuan, compared with -184 million yuan in the same period last year; during the reporting period, Xinhua Pharmaceutical\’s basic earnings per share was 0.21 yuan, and the weighted average return on net assets was 3.04%.

    stock options April 25, 2024

  • Indegene IPO lists at 46% premium on BSE and 45% on NSE

    New Delhi Shares of healthcare tech firm Indegene Ltd. were listed on Monday at a premium of nearly 46 per cent against the issue price of ₹452.

    stock options May 13, 2024

  • Dongguan Securities\’ characteristic financial and business education platform \”Financial and Business Enlightenment, Accompanying You as a Child\” was selected as the \”Best Investor Education Outstanding Innovation Case\”

    Special Topic: Sina Finance’s 2024 Annual Investment Education Case Selection is in Progress. For stock trading, look at Jin Qilin’s analyst research reports, which are authoritative, professional, timely and comprehensive to help you tap potential theme opportunities! Sina Finance’s “2024 Excellent Investment Education Case Selection” event was officially launched on April 8. The unique financial and business education platform \”Financial and Business Enlightenment, Accompanying You as a Child\” created by Dongguan Securities Investment Education Base was selected as the \”Best Outstanding Innovation Case in Investor Education\”. >> Details of the event It is reported that in response to the call of the Securities Association of China to carry out the \”Investor Education in Hundreds of Schools\” event, to guide primary and secondary school students to establish correct financial concepts and enhance primary and secondary school students\’ financial security awareness and financial literacy, Dongguan Securities Investment Education Base Create a unique financial and business education platform, and bring financial and business education to primary and secondary school students through the promotion of online financial and business education investment education works and…

    stock options April 25, 2024

  • Hatsun Agro Product’s shares surge 11.17% on quarterly results

    Hatsun Agro Product Ltd’s shares were up by 11.17 per cent after the company reported its financial results for the fourth quarter and the financial year ending March 31, 2024. In Q4 FY24, the company saw a revenue growth of 14.38%, with revenue from operations reaching ₹2046.87 crore compared to last year when the company reported ₹1789.46 crore. The EBITDA grew by 46.64% to ₹231.77 crore, and the Profit after tax (PAT) increased by 108% to ₹52.16 crore compared to Q4 FY23 where it stood at ₹24.98 crore

    stock options April 23, 2024

  • Xinjie Electric: Net profit in the first quarter of 2024 was 44.472 million yuan, a year-on-year increase of 8.61%

    CSI Intelligent Financial Information Xinjie Electric (603416) disclosed its first quarter report for 2024 on April 26. In the first quarter of 2024, the company achieved total operating income of 340 million yuan, a year-on-year increase of 3.39%; net profit attributable to the parent company was 44.472 million yuan, a year-on-year increase of 8.61%; non-net profit after deducting 37.4347 million yuan, a year-on-year increase of 23.45%; generated from operating activities Net cash flow was -61.8284 million yuan, compared with -21.0623 million yuan in the same period last year; during the reporting period, Xinjie Electric\’s basic earnings per share was 0.32 yuan, and the weighted average return on net assets was 2.06%.

    stock options April 25, 2024