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Stellantis to lay off 1,100 workers indefinitely

Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.

ETFs heavy in Elon Musk's Tesla

Tesla's results pleased investors as CEO Elon Musk applauded the automaker's progress and hinted that bigger things are ahead for the electric vehicle player.