Tesla (TSLA) to cut over 10% global staff - Electrek

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Go back to Tesla (TSLA) to cut over 10% global staff - Electrek

Tesla stock slides 5% as two key executives leave the company amid new layoffs

April 15, 2024 6:08 AM EDT

(Updated - April 15, 2024 4:17 PM EDT)

Shares of Tesla (NASDAQ: TSLA) fell more than 5% after two of the electric vehicle (EV) giants top executives left the company following reports of its latest round of layoffs.

Drew Baglino, the Senior Vice President of Tesla, said he has left the company. Baglino has been a key figure at Tesla, serving as one of only four named executive officers and spearheading the development of the company's batteries, motors, and energy products.

With an 18-year tenure at Tesla, he frequently appeared alongside CEO... More