Tesla Stock Tanks on Musk's Job Cuts Email, But is TSLA Still a Buy?
January 19, 2019 at 22:12 PM EST
Tesla stock tanked 13% Friday after CEO Elon Musk announced that the company will cut 7% of its workforce in an effort to sell more affordable Model 3 electric sedans. Despite the massive one-day decline, Tesla’s longer-term outlook appears solid.
