• Elon Musk: Tesla is cutting salaried staff now, but will hire more soon

    6 days ago - By Stl Today

    Tesla is moving ahead with plans to layoff about 10% of its salaried staff, CEO Elon Musk said Tuesday. But he also expects the company's overall workforce will be larger a year from now than it is today.
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  • Tesla soars 12% as CEO Elon Musk confirms workforce reduction of 3.5% and says demand for its electric vehicles is 'extremely high'

    Tesla soars 12% as CEO Elon Musk confirms workforce reduction of 3.5% and says demand for its electric vehicles is 'extremely high'

    7 days ago - By Business Insider

    Elon Musk. Patrick Pleul/picture alliance via Getty Images
    Tesla shares shot up Tuesday as CEO Elon Musk told Bloomberg that demand for its EVs are "extremely high."
    Musk made his comment as the company is in the process of laying off workers.
    Job cuts of 10% of salaried workers means Tesla will reduce its total workforce by up to 3.5%, he said.
    Tesla stock jumped Tuesday as CEO Elon Musk in an interview with Bloomberg touted the electric vehicle maker's competitiveness while also clarifying the company's job cuts. Shares climbed as much as 12% to $728.50, the highest price since June 9...
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