Tesla, Inc (NASDAQ:TSLA) was trading over 3% lower on Wednesday after a bearish day in the general markets caused the stock to close Tuesday’s session down 5%.
The EV giant continued to lay off some of its employees on Tuesday, cutting 200 salaried and contract workers from its Autopilot team in California. CEO Elon Musk confirmed earlier this month he planned to reduce Tesla’s salaried workforce by 10% over the next three months, with a 3 to 3.5% reduction taking place in the near-term.
