TSLA306.4258.10498%
GM87.190-2.21%
F14.785-0.495%
RIVN16.3450.015%
CYD47.3002.18%
HMC30.575-0.105%
TM191.100-1.735%
CVNA59.710-6.61%
PAG221.610-1.83%
LAD399.410-28.07%
AN215.930-14.05%
GPI311.250-46.72%
ABG235.100-13.16%
SAH100.960-11.7%
TSLA306.4258.10498%
GM87.190-2.21%
F14.785-0.495%
RIVN16.3450.015%
CYD47.3002.18%
HMC30.575-0.105%
TM191.100-1.735%
CVNA59.710-6.61%
PAG221.610-1.83%
LAD399.410-28.07%
AN215.930-14.05%
GPI311.250-46.72%
ABG235.100-13.16%
SAH100.960-11.7%
TSLA306.4258.10498%
GM87.190-2.21%
F14.785-0.495%
RIVN16.3450.015%
CYD47.3002.18%
HMC30.575-0.105%
TM191.100-1.735%
CVNA59.710-6.61%
PAG221.610-1.83%
LAD399.410-28.07%
AN215.930-14.05%
GPI311.250-46.72%
ABG235.100-13.16%
SAH100.960-11.7%

Tesla CEO Elon Musk shares more details about job cuts amid lawsuit from former employees

After former Tesla workers filed a lawsuit claiming the EV maker violated U.S. labor regulations, Elon Musk has made some clarifications as to how many Tesla employees may lose their jobs.

According to a Reuters article from earlier this month, which was based on an internal email written by the Tesla CEO, Musk wants to eliminate 10% of the workforce. In the memo, he expressed having a “super bad feeling” about the economy.

However, Musk stated during a Bloomberg event on Tuesday that Tesla would decrease its salaried workforce by 10% over the following three months while increasing its hourly workers. This was confirmed in a subsequent email to Tesla employees obtained by CNBC.

The layoffs Tesla announced on Tuesday would affect roughly 3.5% of the company’s staff, according to Musk, who added that the precise percentage was “not super material.” 

Musk downplayed the suit’s significance on Tuesday, saying it has “no standing.”

“That is a small lawsuit of minor consequence,” he said. “Anything that relates to Tesla gets big headlines, whether it is a bicycle accident or something much more serious.”


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