Elon Musk , Wants To Cut
Tesla Jobs, by 10%.
Reuters reports that Tesla CEO Elon Musk
has expressed doubts about the economy
and may cut 10% of jobs. .
Reuters reports that Tesla CEO Elon Musk
has expressed doubts about the economy
and may cut 10% of jobs. .
In an email to executives
seen by Reuters, Musk said to, "pause all hiring worldwide.".
In an email to executives
seen by Reuters, Musk said to, "pause all hiring worldwide.".
The hiring freeze email came just two days
after Musk told Tesla staff to return
to the workplace or resign.
The hiring freeze email came just two days
after Musk told Tesla staff to return
to the workplace or resign.
According to an annual SEC filing,
nearly 100,000 people were employed
by Tesla at the end of 2021.
On June 3, Tesla shares fell nearly
5% in pre-market trading in the U.S. .
Reuters reports that demand for Tesla
vehicles has remained high and
has yet to show signs of a downturn.
However, Tesla has reportedly struggled
to pick up production after strict COVID
lockdowns in Shanghai forced outages.
However, Tesla has reportedly struggled
to pick up production after strict COVID
lockdowns in Shanghai forced outages.
Musk's email also adds to a growing
number of warnings from business leaders
regarding the potential for a recession.
Musk's email also adds to a growing
number of warnings from business leaders
regarding the potential for a recession.
It is always better to introduce austerity
measures in good times than in bad times.
I see the statements as a forewarning
and a precautionary measure, Frank Schwope, NordLB analyst, via Reuters.
It is always better to introduce austerity
measures in good times than in bad times.
I see the statements as a forewarning
and a precautionary measure, Frank Schwope, NordLB analyst, via Reuters.
Reuters reports that it remains unclear
if Musk's gloomy economic outlook will
impact his $44 billion bid to purchase Twitter.
On June 3, the deal was cleared by U.S.
antitrust regulators, which sent Twitter shares
up almost 2% in pre-market trading.
On June 3, the deal was cleared by U.S.
antitrust regulators, which sent Twitter shares
up almost 2% in pre-market trading