U.S. stocks opened, the three major stock indexes collectively opened lower, the Dow fell 0.35%, the S & P 500 fell 0.28%, and the Nasdaq fell 0.39%. Tesla (TSLA. O) opened down 3.3% on news that Musk plans further layoffs, cryptocurrencies fell, and MicroStrategy (MSTR. O) fell 8%.
According to The Information: With two Tesla (TSLA. O) executives leaving, Musk plans to make more layoffs. The Supercharger team will be cut by about 500 people.