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Wednesday, June 7, 2023

Elon Musk Tries to Reassure About Tesla

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Elon Musk took out his firefighter costume. 

Tesla  (TSLA) – Get Tesla Inc Report CEO tries to place out the hearth he himself began concerning the producer of high-end electrical autos.

The billionaire entrepreneur despatched an e mail on June 3 to Tesla staff by which he advised them about cost-cutting measures within the face of the financial slowdown and fears of recession. 

In the memo, seen by Reuters, the chief govt officer introduced that the car producer deliberate to cut back its salaried workers by 10%. The job cuts will not apply to staff who construct automobiles or battery packs.

Source: www.thestreet.com

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