Fool.com contributor Parkev Tatevosian discusses what the cost-cutting move could mean for Tesla (TSLA +1.98%) stock investors.
*Stock prices used were the afternoon prices of April 14, 2024. The video was published on April 16, 2024.
Huge News for Tesla Stock Investors
By Parkev Tatevosian, CFA – Apr 17, 2024 at 11:00AM EST
NASDAQ: TSLA
Tesla
Market Cap
$1.4T
Today's Change
(1.98%) $8.24
Current Price
$425.56
Price as of February 10, 2026 at 3:59 PM ET
Tesla is slashing roughly 14,000 jobs worldwide.
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Stocks Mentioned
Tesla
NASDAQ: TSLA
$425.56 (+1.98%) $+8.24
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.