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Business Insider
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Tesla tells Model Y and Cybertruck workers to stay home for a week

1. Tesla employees on Model Y and Cybertruck lines to take Memorial Day off. 2. Production targets for Cybertruck have been reduced and overtime hours cut. 3. Tesla deliveries declined 13% year-over-year in Q1. 4. The stock price is down about 26% year-to-date. 5. Discounts offered for Model Y amid concerns over sales performance.

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FAQ

Why Bearish?

The article indicates declining demand and reduced production, similar to past downturns for TSLA which affected stock negatively.

How important is it?

The news presents concrete declines in production and sales which directly affect investor confidence.

Why Short Term?

Immediate production pauses and delivery drops are likely to impact TSLA's quarterly performance soon.

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