Stock Groups

Here’s the email Elon Musk sent all Tesla employees 10% job cuts


Tesla Inc CEO Elon Musk attends the World Synthetic Intelligence Convention (WAIC) in Shanghai, China August 29, 2019.

Aly Tune | Reuters

Tesla CEO Elon Musk mentioned in an e-mail to all staff on the electrical car maker on Friday that the corporate will minimize 10% of salaried employees and can as an alternative depend on extra hourly employees.

Shares of Tesla dipped 8% Friday by mid-morning after Reuters reported on an earlier electronic mail Musk had despatched to executives about his plans to chop Tesla’s workforce and expressing a “super bad feeling” concerning the economic system.

Here is the brand new electronic mail despatched to all staff as transcribed by CNBC:

To: Everyone
Topic: Headcount Discount
Date: Friday, June 3, 2022

Tesla can be lowering salaried headcount by 10% as we’ve got turn into overstaffed in lots of areas. Be aware this doesn’t apply to anybody truly constructing automobiles, battery packs or putting in photo voltaic. Hourly headcount will enhance.


This story is creating. Please verify again for updates.