Quick Note on Tesla

Tesla pre-earnings note

[Disclaimer: None of this is financial advise and in all likelihood has zero correlation to the stock price movement].

Looks like Tesla TSLA 0.00%↑ is in full on lay-off mode as we tweeted this am [TSLA Tweet]

Last time we saw a large number of jobs taken off the website was in Nov/Dec 2021. See chart below.

This was also when Elon Musk was selling a bunch of stock [Musk sells stock] but also moving HQ to Texas. There was no news of layoffs that I could find in 2021. So it’s not an apples to apples comparison between now and Nov 2021. Given he was selling his stock it’s possible he was well informed of what was to come due to higher fed rates.

This time, the news is well-advertised of layoffs and the company seems to be going through some structural headwinds.

Layoffs in general aren’t necessarily bad for a stock as recently many companies have been rewarded for cost-cutting or restructuring efforts.

So it remains to be seen how the ER plays out today.

[None of this is financial advise and in all likelihood has zero correlation to the stock price movement].