Millennials are snapping up Tesla after its layoffs (TSLA)

Tesla CEO Elon Musk on Friday sent a letter to employees, saying the company would lay off approximately 7% of its workforce due specifically to pressure on profits and its attempt to make the Model 3 more affordable.
Shares have plunged 17% following the announcement, but investors on Robinhood, a free-trading app popular among younger traders, are piling into the stock.
Tesla was the most added stock on the app over the past week.
Watch Tesla trade live.
Tesla shares have plunged 17% after the