The sportswear company has laid off some staff in its strategic enterprise and corporate functions departments, and outsourced some of the work, according to Bloomberg News.
Jeremy Barnum also said that the combination of inflation and large fiscal deficits may constrain the available policy responses in ways that further increase the risk.
Morgan Stanley analyst Adam Jonas said that valuing Tesla as purely an auto retailer would be akin to valuing Amazon as solely an online retailer or Apple as a seller of glowing rectangles and earbuds.
Upon closing of the deal, 23andMe will be operated as a wholly owned direct or indirect unit of Regeneron and will continue operations as a personal genomics service.
Moody's downgraded US credit rating from Aaa to Aa1, triggering concerns of a 10% market correction. But history has shown dips are buying opportunities.
The combined entity, which will change its name to Cox Communications within one year of the deal's closing, will assume Cox's approximately $12 billion in outstanding debt.
T-Mobile and Palo Alto Networks launch a joint 5G security solution for enterprises and government, combining Zero Trust architecture with embedded network safeguards to protect data.
Tesla added features to the off-lease cars through software upgrades and sold them to new customers who paid more than lease-end buyers would have, Reuters reported.
