Tesla Tanks Announcing Closures, Layoffs and First Quarter Losses



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The Tesla Model 3 will be presented to members of the press in anticipation of the 97th Brussels Motor Show to be held on January 19, 2019 at the Brussels Expo Center in Brussels, Belgium.

Dursun Aydemir | Anadolu Agency | Getty Images

The Tesla Model 3 will be presented to members of the press in anticipation of the 97th Brussels Motor Show to be held on January 19, 2019 at the Brussels Expo Center in Brussels, Belgium.

Tesla shares fell 8% on Friday, a day after the electric car maker announced that it was going to close some stores and cut jobs to cut costs.

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