Tesla stock plunges, layoffs surge, and housing cracks Markets news roundup

Image for article Tesla stock plunges, layoffs surge, and housing cracks Markets news roundup
News Source : Quartz India

News Summary

  • U
  • S
  • employers announced almost 100,000 job cuts in May, up an eye-watering 47% from the same month last year
  • Short sellers made a killing Thursday as Tesla (TSLA) shares plunged 14%, their steepest single-day drop in over a year
Tesla stock is having a rough week. Shares have fallen more than 20% in the last five days, and were down 14% on Thursday alone. Meanwhile, trading volumes the number of shares trading hands paint [+119 chars]

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