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...Tesla did not respond to a request for comment....
...Tesla is cutting more than 10 per cent of its global workforce, potentially 13,000 jobs, as the worldwide electric vehicle slowdown and brutal price war hit the US automaker....
...Tesla stock fell by more than 5 per cent on Monday, recording its worst day since early March after it said it would cut more than 10 per cent of its workforce....
...Tesla has asked its shareholders to approve moving its state of incorporation from Delaware to Texas, fulfilling Elon Musk’s promise in February after a Delaware court voided his $56bn pay package....
...Tesla has not officially commented on these or any other reports. Tesla has no press office....
...Tesla declined to comment. Additional reporting by Sylvia Pfeifer in London and Stephen Morris in San Francisco...
...Is Tesla just a car company? At least for now....
...Four of Tesla’s top 10 institutional shareholders contacted Denholm to complain about the Delaware ruling, Tesla said in the investor letter....
...The industry association projected Tesla’s sales in China to fall further in April....
...For years, Elon Musk has been the not-so-secret weapon behind Tesla’s success....
...But the tensions highlight a big difference between Tesla and the other Mag 7 stocks: Tesla’s industry economics are much less settled....
...Tesla reported a bigger than expected drop in its quarterly deliveries, sending its shares more than 7 per cent lower in pre-market trading on Wall Street....
...It went on to say that it made sense for Tesla to incorporate in the Lone Star State because “Tesla is all-in on Texas” because Tesla is “intertwined with our Texas corporate headquarters.”...
...Tesla has an important dissimilarity from the other seven stocks....
...The move comes after Tesla cut prices in 2023 as part of a broader price war among Chinese EV manufacturers....
...“If you’re a private owner of a Tesla, you’re $20,000, $30,000 or even $40,000 worse off,” said the former Tesla executive....
...It is not the first time Tesla has had to temporarily stop production in Europe....
...The ruling “creates a tornado situation for Tesla’s board”, said Dan Ives, an analyst at Wedbush....
...It was set to be the first time since mid-January Tesla has fallen for two consecutive weeks, owing to last week’s 13.5 per cent drop....
...The company, backed by Warren Buffett, overtook Tesla in EV sales during the final quarter of 2023, when it shifted 526,409 electric vehicles compared to 484,507 sold by Tesla between October and December...
...Tesla delivered 60,365 cars from its plant in Shanghai last month, the least since December 2022, preliminary figures from the China Passenger Car Association showed on Monday....
...Argentina’s libertarian president Javier Milei and Tesla chief executive Elon Musk met for the first time on Friday, cementing a social media friendship between two firebrand free-market proponents known...
...Based on Tesla’s closing price on Friday, 11 per cent of 267mn shares comes out to roughly 29mn shares, which would be worth $5.9bn....
...Even before the Berlin incident, Tesla had already warned that this year would be tough because of increased competition....
...The company’s lots are full of Teslas, even as it offers heavy discounts, because it turns out renters still prefer traditional cars and hybrids to EVs....
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