Elon Musk says Tesla needs to cut staff by 10%, pauses all hiring


Founder and CEO of Tesla Motors Elon Musk. - REUTERS/James Glover II

SAN FRANCISCO: 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 executives on Thursday seen by Reuters.

The message came two days after the world's richest man told employees to return to the workplace or leave the company.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Tesla , Elon Musk , carmaker , recessions

Next In Business News

Asian stocks surge as Micron earnings ease AI fears
Yinson posts higher net profit of RM120mil in 1Q
FBM KLCI stumbles even as tech roars back on AI optimism
TNG Digital launches ASB financing in TNG eWallet, in collaboration with CIMB
Australia employment rebounds in May, jobless rate eases from 4-1/2-year high
South Korean chip shares surge after Micron flags strong AI-related demand
Ringgit opens firmer on stronger investors sentiment, FDI surge
FBM KLCI makes cautious gains as tech rout, Fed outlook weigh on sentiment
Trading ideas: AEON Credit, Mi Tech, Keyfield, Kee Ming, XL, Ann Joo, Sealink, TFP, Ecobuilt, Eckem, SSF
BNM fines AEON Credit for breaches

Others Also Read