Options Traders Target Tesla Stock Amid String of Updates

Tesla Inc (NASDAQ:TSLA) is in the spotlight today, after news that the electric vehicle (EV) giant is cutting over 10% of its global workforce due to slowing demand. The memo to employees was first leaked by online publication Electrek, with chief executive Elon Musk saying "There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle." Two top executives left amid the layoffs -- Senior V.P. Drew Baglino and V.P. of public policy an ...