The company's capitalization is estimated at $492 billion
As of April 17, Tesla shares fell in price by 2.71%, and its market value decreased by $30 billion.
Currently, Tesla's share price is $157, while since the beginning of the year the price has already fallen by about 35%, and its market value is $492 billion. It is worth noting that Tesla's market value exceeded $1 trillion for the first time back in 2021 after a record order for 100 thousand electric vehicles from the Hertz rental service.
Elon Musk said this week that the company plans to lay off more than 10% of its employees. Based on Tesla's total employee count, this layoff will affect more than 14,000 employees .
According to Tesla employees, during this layoff, some departments will be optimized by 30–40%, and some departments— by 50%. Severance pay for terminated employees may vary.