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Tesla lays off more workers, including 2 execs.: Report

Brad Smith and Seana Smith

According to multiple reports, Tesla (TSLA) has announced another round of layoffs, which includes two senior executives and the bulk of its supercharging team. This news comes just two weeks after Tesla announced a 10% headcount reduction and the departure of two other senior executives.

While shares of the company are down over 20% year-to-date, the company did see some relief as CEO Elon Musk returned from a surprise trip to China with approval from Chinese authorities over its full self-driving (FSD) software.

Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for Tesla and what it could mean for the EV maker moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino