I don't know.
Honestly, I think it's the drugs. I think the guy really thinks he's a genius and he clearly is not.
Honestly, I think it's the drugs. I think the guy really thinks he's a genius and he clearly is not.
Elon Musk now owns Twitter
- Thread starter Gomez Adams
- Start date
MAGA!!!
WINNING!!!
finance.yahoo.com
WINNING!!!
Wells Fargo downgrades Tesla stock: 'Growth company with no growth'
Tesla (TSLA) has received a downgrade from Wells Fargo, with the firm lowering its rating from Equal Weight to Underweight. In addition, Wells Fargo has significantly slashed its price target on the stock –– setting a new figure of $125 per share, down from $200. The firm cites concerns over...
Tesla is now the worst performing stock on the S&P 500.
It's fallen so far that not only is Musk not the richest man in the world anymore, he's fallen behind Jeff Bezos in 3rd place.
It's fallen so far that not only is Musk not the richest man in the world anymore, he's fallen behind Jeff Bezos in 3rd place.
Tesla posted its first annual drop in sales since the first year of the pandemic, as increased electric vehicle competition from Chinese and Western automakers ate into demand.
CEO Elon Musk’s electric car company reported it built 433,000 vehicles but delivered only 387,000. That’s down from the 484,507 cars it delivered in the final three months of 2023, and it’s also down from the 422,875 vehicle sales in the first quarter of last year.
The party is officially over. Tesla is presently sitting on roughly 60,000 cars they can't sell. That number will go nowhere but up for the foreseeable future.
Not the least bit surprised. He'd be laying off 10% of Twitter's work force too if there was anybody left.
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk.
The company’s shares were down 3% on Monday morning.
“As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said in the memo obtained by CNBC.
“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” the memo said.
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