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Tesla to lay off everyone working on Superchargers, new vehicles
(arstechnica.com)
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this post was submitted on 30 Apr 2024
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Once again confirming how sociopathic the stock market can be.
It’s because of the massive short term gains.
I made several thousand dollars in the stock market by buying stocks that announce layoffs. They almost always jump after the announcement unless it has to do with other circumstances like bankruptcy.