Exclusive: Musk says Tesla should reduce staff by 10% and stop all hiring

Elon Musk, founder of SpaceX and CEO of Tesla, watches as he visits the construction site of the Tesla Gig factory in Gruenheide, near Berlin, Germany, on May 17, 2021. REUTERS / Michele Tantussi / File Photo

Register now for FREE and unlimited access to Reuters.com

Sign up

SAN FRANCISCO, June 2 (Reuters) – Tesla CEO (TSLA.O) Elon Musk said he had “a very bad feeling” about the economy and that the electric car maker should reduce the staff around 10%, according to an internal email. seen by Reuters.

The email, titled “Pause All Recruitment Worldwide,” was sent to Tesla executives on Thursday.

Tesla was not immediately available for comment.

Register now for FREE and unlimited access to Reuters.com

Sign up

Musk earlier this week asked Tesla employees to return to the office or leave the company. Read more

“Everyone at Tesla has to spend at least 40 hours a week in the office,” Musk wrote in another email to employees Tuesday night.

“If you do not show up, we will assume that you have resigned.”

Register now for FREE and unlimited access to Reuters.com

Sign up

Report by Hyunjoo Jin; edited by John Stonestreet

Our standards: Thomson Reuters’ principles of trust.

Leave a Comment

Your email address will not be published. Required fields are marked *