Gap Q2 Sales $3.86B Beat $3.82B Estimate

Gap (NYSE:GPS) reported quarterly sales of $3.86 billion which beat the analyst consensus estimate of $3.82 billion by 1.05 percent. This is a 8.34 percent decrease over sales of $4.21 billion the same period last year.

Gap (NYSE:GPS) reported quarterly sales of $3.86 billion which beat the analyst consensus estimate of $3.82 billion by 1.05 percent. This is a 8.34 percent decrease over sales of $4.21 billion the same period last year.

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Tesla Layoffs To Continue Through June, Morale Low Among Workers

Tesla Inc. (NASDAQ: TSLA) employees live in fear as layoffs continue through June. CEO Elon Musk's plan to cut at least 10% of the workforce has left employees anxious, uncertain of their job security. Former sales representative Michael Minick described the situation as walking on eggshells daily. This ongoing turmoil has contributed to a 29% decline in Tesla's share value this year, with a $224 billion loss in market capitalization.

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