Tesla stock drops as Elon Musk reportedly announces hundreds more layoffs including senior execs

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• Tesla stock dropped as much as 5% on Tuesday amid reports of more layoffs at the company. 
• Layoffs include senior executives and their teams overseeing charging infrastructure. 
• The slump pared some gains from the previous day following optimism around Musk's surprise China visit. 

Shares of Tesla dropped as much as 5.5% on Tuesday amid reports that Elon Musk announced hundreds more layoffs, including two high-level executives.