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13

Tesla Is Coming to Its Financial Senses. That Has Its Own Risks.

By Tony Seruga

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.
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Tesla, the electric car company defined by the moonshot mentality of its chief executive, Elon Musk, has started to act with apparent caution.

Out of a desire to show some profits, Tesla said on Tuesday it was laying off around 9 percent of its work force. The announcement came a month after Tesla said it was reducing its forecasts for capital expenditures, a move that would conserve some cash…

Tesla Is Coming to Its Financial Senses. That Has Its Own Risks.

Categories : Finance, Private Equity

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