The chapter delves into the aftermath of Tesla's significant job cuts, with the stock facing a decline despite investor optimism. It highlights the departure of key executives like Drew Baglino and discusses the challenges faced by Tesla amidst global layoffs, signaling a turbulent period for the company.
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Bloomberg Technology Co-Host Ed Ludlow explains that two of Tesla’s top executives have left the carmaker in the midst of its latest round of job cuts. Katie Thomas, Head of the Kearney Consumer Institute, shares the results of the Kearney Consumer Stress Index. Greg Hewitt, US CEO at DHL Express, talks about the international parcel delivery business and sustainability efforts. And we Drive to the Close with Ryan Detrick, Chief Market Strategist at the Carson Group. Bloomberg News Squawk Desk Reporter Bill Maloney also participates in the conversation.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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