Tesla Cuts 600 Jobs In California Amid Mass Layoffs
epa11349137 An electric vehicle is on display at Tesla in Long Beach, California USA, 17 May 2024. As part of Tesla's massive restructuring, the electric-vehicle maker notified the California Employment Development Department this week that it's cutting approximately 600 more employees in California. Tesla's stock price has tumbled about 30% so far this year, while the S&P 500 is up 11%. EPA/ALLISON DINNER
