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


Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019.

Aly Song | Reuters

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

Shares of Tesla dipped 9% on Friday by midmorning after Reuters reported on an earlier email Musk had sent to executives about his plans to cut the company’s workforce and expressing a “super bad feeling” about the economy.

In its year-end financial filing, Tesla said it employed 99,290 people around the world as of the end of 2021.

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