Ampla, which lent money to smaller businesses that sold clothing, home furnishings and other items directly to consumers, is struggling financially and seeking a buyer.
The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. Itβs not clear how quickly other companies will fill the gap.
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
The first-quarter results are likely to fuel worries that competitors will continue grabbing a bigger slice of a market dealing with slowing electric car sales.
The dismissals escalated longstanding tensions between company leaders and activist employees opposed to supplying technology to Israelβs government.
The companyβs directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the companyβs registration to Texas, from Delaware.