Elon Musk Tesla

2022 - 6 - 3

tesla elon musk

Post cover — Image courtesy of "The Guardian"

Elon Musk seeks 10% job cuts at Tesla over 'super bad feeling ... (The Guardian)

Email to executives also calls for hiring freeze at electric car maker, which has 100000 staff worldwide.

“This is not a decision we make lightly, but is necessary to ensure we are only growing in the highest-priority areas,” LJ Brock, the company’s chief people officer, wrote in a blogpost. “That is why I lived in the factory so much – so that those on the line could see me working alongside them. “The more senior you are, the more visible must be your presence,” said Musk in the return-to-the-office email.

Elon Musk tells Tesla execs the company needs to lay off 10 percent ... (The Verge)

Reuters reports that Tesla CEO and pending owner of Twitter Elon Musk emailed execs at the auto company on Thursday, saying he has a "super bad feeling" ...

In its last annual report, Tesla said the “fair market value of our bitcoin holdings as of December 31st, 2021 was $1.99 billion.” At the time, Bitcoin’s price was $46,224.39, and as of this writing, Coinbase reports the price is $29,803.70, a drop of about 35 percent. "Clearly this is a much different Musk than we saw in mid-April.. and I think that's reflective in the stock in terms of everything we've seen in China." $TSLA pic.twitter.com/cBf2bJiSDM June 3, 2022 Elon Musk emailed Tesla executives on Thursday, Reuters reports, telling them the company needs to pause hiring worldwide and cut its workforce by about 10 percent.

Tesla shares dip on Elon Musk's plans to cut workforce (CNBC)

Tesla shares dipped about 6% on Friday after news that CEO Elon Musk plans a hiring freeze and 10% job cuts at his electric vehicle and renewable energy ...

As Tesla shares dip, so do some of Musk's capital resources. Osborne wrote: "We expect Tesla to point to challenges in achieving its stated goal of about 50% delivery growth in 2022. Tesla shares dipped 8.5% on Friday on news that CEO Elon Musk plans for a hiring freeze and 10% job cuts at his electric vehicle and renewable energy venture.

Elon Musk needs to cut 10% of Tesla jobs due to 'super bad' feeling ... (Globalnews.ca)

Elon Musk, the world's richest man according to Forbes, did not elaborate on the reasons for his "super bad feeling" about the economic outlook in the brief ...

China accounted for just over a third of Tesla’s global deliveries in 2021, according to company disclosures and data released on sales there. In late May, when asked on Twitter whether a recession was coming, Musk said: “Yes, but this is actually a good thing. The U.S. will cool off, while China and Europe are not going to rebound.” Meta Platforms, Uber and other technology companies have slowed hiring. We expect a cooling of the global economy towards the end of the year. U.S. Nasdaq futures turned negative and were trading 0.6 per cent lower.

As Elon Musk orders Tesla staff back to the office, many tech ... (CBC.ca)

A sternly worded internal email, apparently sent by Elon Musk ordering people to either return to the office or leave Tesla, is raising eyebrows in a time ...

He said the group's research suggests women, as well as racial and ethnic minorities, tend to have a higher preference for working from home. "Today's startups have embraced remote work and flexibility, and I think this will become the predominant way that we all work 10 years from now. New research also suggests it's something employees value as much as a raise, and that it could even contribute to diversity in the workplace. He ultimately finds the order disappointing. "It's a power move," Gunn said. Just two days after that order was issued, Reuters reported that Musk sent an email to executives titled "pause all hiring worldwide."

Tesla Stock Plunge Erases $75 Billion In Value After Elon Musk ... (Forbes)

Experts have warned that recession fears are likely overblown, but Musk reportedly wants to lay off 10% of Tesla's nearly 100000 workers.

The NHTSA has opened multiple investigations into Tesla over separate safety-related issues, many involving the potential use of the carmaker’s autopilot feature. Tesla has plunged 41% this year, while the tech-heavy Nasdaq is down 24%. Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the electric-vehicle maker that have spurred staggering losses for its shares this year.