Stock Price Drop

Tesla's stock was soaring before layoffs hit in April 2024, with a striking 101.72% 🚀annual gain (2023). However, when news of the layoffs spread, the stock plummeted by 34% (April 2024).

Despite attempts to overcome the challenges, further job cuts caused another 6% (May 2024) drop.

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Inside Tesla’s Abrupt Supercharger Layoff (and Rehiring)

trajectorymatrix.substack.com

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Trajectory Matrix

@trajecmatrix

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