Tesla (NASDAQ:TSLA) intends to lay off more employees in California, involving in total 601 job cuts and continuing layoffs that indicate internal issues. This comes as Tesla is being sued for environmental violations, adding to the company's ongoing concerns. Furthermore, notable investor from 'Big Short' expects Tesla stock to drop 70%, reflecting bearish sentiments in the market.
Despite this, Tesla's Board is attempting to rally retail investors to support Musk's $56 billion pay package, and the company is offering incentives on the Model Y to boost sales. Yet, concerns about Tesla's 'massive cash problem' persist and its challenges remain despite improving narratives.
Moving on, Tesla faces an uptake challenge as only 2% of free trial users subscribed to its FSD offering, indicating potential market resistance. At the same time, Tesla is chalking up victories, winning one round of approval for the expansion of the Berlin Gigafactory and tackling industry trends with its 0.99% APR Model Y financing offer.
Musk announces his aim for Tesla to start production of affordable new EV by 2025, possibly boosting future sales.
Tesla TSLA News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Thu, 16 May 2024 19:32:21 GMT -
Rating 0
- Innovation -1
- Information 3
- Rumor -5
