Elon Musk letter To Tesla Employee: Reuters revealed Austin-based Tesla is supposed to eliminate 10% of its positions.
Elon Musk letter To Tesla Employee
The report refers to a Elon Musk letter To Tesla Employee, that likewise requires a delay in employing around the world.
Musk likewise said he had a “downright terrible inclination” about the economy.
President Biden commented on the move on Friday. “Well, let me tell you. While Elon Musk is talking about that, Ford is increasing their investment overwhelmingly.
I think Ford is increasing the investment in building new electric vehicles: 6,000 new employees — union employees, I might add — in the Midwest,” he told reporters.
“So, you know, lots of luck on his trip to the moon,” the President added.
Reports Says, Tesla employee confirms receiving a later email from Musk to employees, clarifying that the company would be “reducing salaried headcount by 10%.
“This does not apply to anyone actually building cars, battery packs or installing solar,” Musk’s email read. He added that hourly positions will increase.
KXAN sat down with three different economists, who all have different answers on what this could signal for the economy as a whole.
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