TechCrunch Minute: Why Tesla's big layoffs happened, and what comes next

Tesla’s layoffs and executive departures took a bite out its share price this week. The well-known electric vehicle company shed around 10% of its staff, impacting an estimated 14,000 staff or more. Two well-known executives also decided it was time to move on.In response to the news, shares of Tesla lost ground. The company’s value has eroded this year, falling 35% through the end of trading yesterday.The year has not been kind to Tesla. It missed delivery estimates for the first quarter, has reportedly re ...