Elon Musk , Wants To Cut <br />Tesla Jobs, by 10%.<br />Reuters reports that Tesla CEO Elon Musk <br />has expressed doubts about the economy <br />and may cut 10% of jobs. .<br />Reuters reports that Tesla CEO Elon Musk <br />has expressed doubts about the economy <br />and may cut 10% of jobs. .<br />In an email to executives <br />seen by Reuters, Musk said to, "pause all hiring worldwide.".<br />In an email to executives <br />seen by Reuters, Musk said to, "pause all hiring worldwide.".<br />The hiring freeze email came just two days <br />after Musk told Tesla staff to return <br />to the workplace or resign.<br />The hiring freeze email came just two days <br />after Musk told Tesla staff to return <br />to the workplace or resign.<br />According to an annual SEC filing, <br />nearly 100,000 people were employed <br />by Tesla at the end of 2021.<br />On June 3, Tesla shares fell nearly <br />5% in pre-market trading in the U.S. .<br />Reuters reports that demand for Tesla <br />vehicles has remained high and <br />has yet to show signs of a downturn.<br />However, Tesla has reportedly struggled <br />to pick up production after strict COVID <br />lockdowns in Shanghai forced outages.<br />However, Tesla has reportedly struggled <br />to pick up production after strict COVID <br />lockdowns in Shanghai forced outages.<br />Musk's email also adds to a growing <br />number of warnings from business leaders <br />regarding the potential for a recession.<br />Musk's email also adds to a growing <br />number of warnings from business leaders <br />regarding the potential for a recession.<br />It is always better to introduce austerity <br />measures in good times than in bad times. <br />I see the statements as a forewarning <br />and a precautionary measure, Frank Schwope, NordLB analyst, via Reuters.<br />It is always better to introduce austerity <br />measures in good times than in bad times. <br />I see the statements as a forewarning <br />and a precautionary measure, Frank Schwope, NordLB analyst, via Reuters.<br />Reuters reports that it remains unclear <br />if Musk's gloomy economic outlook will <br />impact his $44 billion bid to purchase Twitter.<br />On June 3, the deal was cleared by U.S. <br />antitrust regulators, which sent Twitter shares <br />up almost 2% in pre-market trading.<br />On June 3, the deal was cleared by U.S. <br />antitrust regulators, which sent Twitter shares <br />up almost 2% in pre-market trading
