Elon Musk sends this email to all Tesla employees about 10% head count reduction

Tesla CEO Elon Musk On Friday, the electric vehicle maker said in an email to all employees that the company would cut 10% of salaried employees and instead rely on more hourly workers.

Tesla shares fall 9% Musk sent executives to executives about his plans to cut the company’s workforce and expressed an apology after Reuters reported on an earlier email as of midday Friday. “Super Bad Feeling” about the economy.

at the end of his year financial filingTesla said it would employ 99,290 people worldwide by the end of 2021.

President Joe Biden was asked About Musk’s negative economic outlook on Friday after news of a reduction in Tesla’s head count emerged.

Biden said that while Musk is talking about economic fears and cuts, Wade With 6,000 new union employees in the Midwest, it is increasing its investment in building new electric vehicles.

The President also praised the former Chrysler Corp. Stellaristo make similar investments in electric vehicle production in the US and Intel To add 20,000 new jobs in computer chip manufacturing.

“So, you know, a lot of luck on the trip to the Moon,” quipped Biden.

Here is the new email Musk sent to all Tesla employees, written by CNBC:

to all
Subject: Reduction in workforce
Date: Friday, June 3, 2022

Tesla is reducing the number of salaried employees by 10% because we are overworked in many areas. Note that this doesn’t really apply to anyone building a car, battery pack, or installing solar. Hourly headcount will increase.

ELON

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, CNBC’s Kevin Brauninger contributed to this report.