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  1. #1
    Thailand Expat David48atTD's Avatar
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    Elon Musk has a "super bad feeling"

    'If you don't show up we will assume you have resigned': Elon Musk doubles down on his new WFH ultimatum to Tesla executives telling staff they must be in the office with their colleagues


    • Musk has sent out a second email to Tesla staff, clarifying a previous assertion sent to execs saying they will be fired unless they return to the office full time
    • The message from Musk, shared by Twitter user @SamNissim, bears the subject line 'To be super clear' and was sent to a list labeled 'Everyone' at 10:51 pm
    • 'Everyone at Tesla is required to spend a minimum of 40 hours in the office per week,' he wrote, adding 'If you don’t show up, we will assume you have resigned'
    • The email clarifies prior statements made by Musk - whom has been vocal of his opposition to remote work in the past - in a previous email leaked Tuesday

    Musk doubles down on his new WFH ultimatum telling Tesla staff they must be with their colleagues | Daily Mail Online



    "Everyone at Tesla is required to spend a minimum of 40 hours in the office per week," Mr Musk wrote in another email sent to employees on Tuesday night.

    Elon Musk Tells Tesla and SpaceX Workers to Return to Office 40 Hours a Week - The New York Times



    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.

    Tesla jobs: Elon Musk has 'super bad feeling' on economy - CNN
    Someone is sitting in the shade today because someone planted a tree a long time ago ...


  2. #2
    Thailand Expat David48atTD's Avatar
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    Here’s the new email Musk sent to all Tesla employees as transcribed by CNBC:

    To: Everybody
    Subject: Headcount Reduction
    Date: Friday, June 3, 2022


    Tesla will be reducing salaried headcount by 10% as we have become overstaffed in many areas.
    Note this does not apply to anyone actually building cars, battery packs or installing solar.
    Hourly headcount will increase.


    Elon


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

  3. #3
    Thailand Expat harrybarracuda's Avatar
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    Tesla shares plummeted Tuesday after CEO Elon Musk reportedly told executives he needed to scale back hiring and cut jobs due to growing concerns over the economy, adding to worries about the electric-vehicle maker that have spurred staggering losses for its shares this year.

    Tesla shares fell 9% Tuesday to below $704, pushing the stock down more than 40% from its all-time high in November and wiping $75 billion from Tesla’s market capitalization, which now stands at $728 billion.

    Despite Musk’s concerns, economists have been more upbeat: In a note to clients last week, Goldman Sachs’ Jan Hatzius said fears of declining economic activity “will prove overblown unless new negative shocks materialize,” pointing to the hot labor market and better-than-expected earnings last quarter as signs of ongoing growth.

    Adding to pressure for Tesla stock, the National Highway Traffic Safety Administration on Friday revealed more than 750 Tesla owners have complained about their vehicles suddenly braking at high speeds—more than double the number the regulatory agency, which is probing Tesla over its autopilot feature, disclosed in February.

    Also on Friday, Cowen analyst Jeffrey Osborne lowered his price target on Tesla shares to $700 from $790, saying he expects the company will face challenges in achieving its production targets for the second quarter given the impact of Covid lockdowns in China that stunted production at Tesla’s Shanghai facility in March and April.

    The NHTSA has opened multiple investigations into Tesla over separate safety-related issues, many involving the potential use of the carmaker’s autopilot feature. Last month, the agency started
    probing a car crash in April that killed three people and involved a 2022 Tesla Model S potentially running on autopilot, and in December, it launched an investigation into 580,000 Tesla vehicles sold since 2017 over features that allow drivers to play games on the front-center touchscreen while a vehicle is running.

    https://www.forbes.com/sites/jonatha...h=366055127b59
    The next post may be brought to you by my little bitch Spamdreth

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