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Elon Musk says that Tesla needs to lay off 10% of its staff

In Pasadena, California, there is a Tesla Supercharger station where Tesla cars can get a charge.

Elon Musk wants to cut about 10% of the jobs at Tesla. In an email to executives that was seen by Reuters, Musk said he has a “super bad feeling” about the economy and wants to do this.

Reuters said that the title of the email was “Stop all hiring everywhere.” About 100,000 people work for Tesla all over the world.

Barron’s asked Tesla (ticker: TSLA) for a comment, but they didn’t answer right away.

This week, an email from Musk came out in which the CEO said he wanted Tesla employees to go back to work. “Remote work is no longer okay” was written in the subject line of the email. It said that anyone who wants to work from home must still spend at least 40 hours a week in the office. “We don’t ask less of factory workers than this,” the email said.

On Friday, the price of a share of Tesla fell by 3.3%, to $749.32. The stock went up 4.7% on Thursday, but it has gone down 26.7 % this year.

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Kathy Lewis

Kathy Lewis is an all-around geek who loves learning new stuff every day. With a background in computer science and a passion for writing, she loves writing for almost all the sections of Editorials99.

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