Nasdaq Ndx: Tesla and Wall Street

nasdaq ndx: Shares are down 12% in the past 12 months, compared with losses of around 4.5% for the S&P 500 index, according to Market Watch. SPX, 1.32% We think Tesla probably increased its employee base by more than it needed to last year, and is laying off some of those workers to bring down costs, said Garrett Nelson, automotive analyst at CFRA Research. Tesla TSLA, -12.97% shares ended at 302.26 and traded as low as 299.73, the worst performer on the Nasdaq 100 NDX, 0.98% on Friday. For most auto manufacturers, the cost-cutting would be received positively, but in Tesla's case, investors start to second guess whether demand is the real issue, Nelson said. Tesla has not yet set up a date for its quarterly earnings. In a memo to employees reviewed by The Wall Street Journal and later posted on the company's website, Chief Executive Elon Musk said Tesla would post GAAP profits when it reports its fourth-quarter results, but less than Q3. (news.financializer.com). As reported in the news.