Tesla Elon Musk

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, 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.

Experts have warned 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.

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."

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.

Electric vehicle (EV) leader Tesla (NASDAQ: TSLA) has continued to build on its industry lead recently – in just the past few months, it opened two new ...

But the new developments could indicate some amount of slowdown on that growth. For investors, the takeaway is that Tesla stock could see tough times ahead – at least for the short term. In addition to the new plants ramping up, Shanghai is just reopening after COVID-19 lockdowns stymied production for many EV makers in recent weeks. Importantly, Musk did add in his Friday email that the job cuts will apply to salaried workers and "hourly headcount will increase," indicating the new facilities will continue to ramp production to some extent. In an email Thursday titled "pause all hiring worldwide," Musk told his executive team to trim 10% of the company's workforce and put a freeze on hiring, according to Reuters' report. But it appears that CEO Elon Musk is tapping the brakes.

The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.

Tesla has lost a number of top executives in recent years, many of whom have gone on to top jobs at other automakers, tech companies and battery makers. They’ll be burning the 3 a.m. oil,” he said about Chinese workers in an interview with The Financial Times. “So they won’t even leave the factory type of thing. “They won’t just be burning the midnight oil. Elon Musk, the world’s wealthiest man, capped what seemed an improbable attempt by the famously mercurial billionaire to buy Twitter for roughly $44 billion. It also invited concern that he may drive away top performers who would prefer to continue working remotely some or all of the time. The market values the company at more than $728 billion, more than several other large automakers combined.

Tesla CEO Elon Musk has a "super bad feeling" about the economy and wants to cut about 10% of jobs at the electric carmaker, he said in an email to ...

"Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," Musk wrote in his Tuesday email. Inflation in the United States is hovering at 40-year highs and has caused a jump in the cost of living for Americans, while the Federal Reserve faces the difficult task of dampening demand enough to curb inflation while not causing a recession. Musk's stark warning of a potential recession and the knock-on effect for automakers is the most direct and high-profile forecast of its kind in the industry.

Elon Musk has clarified that Tesla laying off 10% of its workforce only applies to "salaried employees" and not hourly workers.

Of course, Musk also stated to execs that he is worried about the economy, which led to Tesla’s stock falling more than 8% this morning. Earlier today, we reported on Elon Musk telling Tesla executives in an email that they need to cut 10% of the workforce and pause hiring due to having a “super bad feeling” about the economy. Firstly, it literally cannot support having all those people at its offices, which might be why Musk announced the stop of remote work.