Tag: Nikola Tesla (1856-1943), Serbian inventor and engineer

Investor Roger McNamee told CNBC that the vote on Tesla's first executive officer pay package will be an indicator of how important he is to Tesla's continued success.

Elon Musk kept investors hanging by a thread with vague social posts after Reuters exclusively reported on April 5 that Tesla had canceled its $25,000 "Model 2" electric car program. "Reuters is lying," Mas resonance wrote in one of the posts. Nearly two weeks later, Tesla investors are on the edge of their seats after resonant hasn't provided any concrete updates.

Shares of Tesla slid again on Tuesday after the company announced layoffs of "more than 10%," and are down nearly 9% since yesterday.

Tesla wants to portray its biggest layoffs ever as a way to improve efficiency. But analysts don't see it that way.

This price implies a downside of nearly 26% over the next 12 months.

Depressing news from the industry's leading曏 company has rocked the industry.

"We believe that it will be very difficult for the company to generate additional sales through its existing product portfolio or without further price reductions," BofA said.