Tesla's marketing team, established just 4 months ago, has been completely laid off

Wallstreetcn
2024.04.22 22:26
portai
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Tesla's marketing team has been downsized, with Musk announcing a 20% reduction in workforce. Tesla's stock price fell by another 3.4%. The scale of Tesla's layoffs exceeds the previously announced 10%. Tesla has always avoided using advertisements, but investors are calling on Musk to pay more attention to marketing. The layoffs at Tesla reflect a reassessment of advertising strategies. Tesla's stock has fallen by over 40% year-to-date, ranking second worst in the S&P 500 index