Tag TSLA

Tesla on Tuesday said it was targeting 400 job cuts at its German gigafactory near Berlin, adding the plan was to achieve this through a voluntary programme instead of forced layoffs. "The currently weakening sales market for electric cars is also presenting Tesla with challenges," the company said in a statement, adding talks were being held with the plant's works council about the cuts. Tesla's Gruenheide site employs more than 12,000 staff and the carmaker last week said it would part with around 300 temporary workers, with the electric car maker planning global cuts of around 10%...

FRANKFURT (Reuters) -Tesla on Tuesday said it was targeting 400 job cuts at its German gigafactory near Berlin, adding the plan was to achieve this through a voluntary programme instead of forced layoffs. "The currently weakening sales market for electric cars is also presenting Tesla with challenges," the company said in a statement, adding talks were being held with the plant's works council about the cuts. Tesla's Gruenheide site employs more than 12,000 staff and the carmaker last week said it would part with around 300 temporary workers, with the electric car maker planning global cuts of around 10%...

Tesla stock is suffering one indignity after another. And now Toyota Motor is close to serving up another: Stripping Tesla of the title of the most valuable automaker...

Global shares rose on Tuesday, driven by a recovery on Wall Street, where investors focus on earnings reports from the U.S. megacaps, while the yen hit a new 34-year low against the dollar, prompting a warning from Japanese officials. Adding to the optimism was a series of surveys of business activity that showed Germany returned to growth in early April after months of contraction, while activity in the broader euro zone expanded at its fastest clip in nearly a year. Investors are less concerned right now about the threat of a major re-escalation of tension in the Middle East and more focused on earnings...

Tesla investors have spent the last few months wondering if the car maker’s chief executive has his eye on the ball...

A busy day for Wall Street kicked off with earnings from big names, including General Motors (GM), PepsiCo (PEP), UPS (UPS), and Spotify (SPOT). General Motors topped estimates while also raising its full-year guidance. The automaker credited truck sales in North America for much of its strong quarter. PepsiCo also topped expectations, which was helped by strong sales in its international division. After the bell today, investors are gearing up for Tesla (TSLA) earnings. The electric carmaker has been under immense pressure lately, with shares down over 40% year-to-date. Yahoo Finance trending tickers include Marvell Technology (MRVL), Ford (F), and Riot Platforms (RIOT). Key guests include:9:30 a.m. ET - Veronica Willis, Wells Fargo Investment Institute Global Investment Strategist9:45 a.m. ET - Paul Jacobson, General Motors CFO10 a.m. ET - Peter Oppenheimer, Goldman Sachs Global Chief equity strategist11:30 a.m. ET - Orphe Divounguy, Zillow Senior Economist...

Markets have had a rough go of things this month, but don’t count them out just yet. Monday’s bounceback, buoyed by a strong start to earnings season, could mark a sea change for investors...

Stocks are looking at their first back-to-back gains for the month Tuesday with a host of blue-chip earnings reporting first-quarter earnings...

Tesla has closed lower for seven straight sessions but the stock rises ahead of its first-quarter earnings report scheduled for after markets close Tuesday. Meanwhile, General Motors raises full-year guidance, UPS tops earnings estimates, and GE Aerospace posts better-than-expected profit...

Tesla has closed lower for seven straight sessions but the stock rises ahead of its first-quarter earnings report scheduled for after markets close Tuesday. Meanwhile, General Motors raises full-year guidance, UPS tops earnings estimates, and GE Aerospace posts better-than-expected profit...