It was looking to be a very good week for Tesla, news of a weekend deal with the Chinese government sending the EV maker’s stock soaring. But that’s so yesterday in the 24-hour news cycle. And word that CEO Elon Musk has dismissed two key executives – with their entire staff set to follow – took the steam out of Tesla’s nascent stock rebound.
![Major New Layoffs Take Steam out of Tesla Stock Rebound](https://headlight.news/wp-content/uploads/2023/10/Musk-at-Model-Y-launch-1024x675.jpg)