Elon Musk backtracks on Tesla layoffs.
- Tesla CEO Elon Musk is backtracking on comments he made last week about possible staffing reductions.
The Musk-centered site Tesmanian reported details from an email to staff regarding employee head count. According to the site, Musk said the company would increase the hourly head count but reduce the salaried head-count by 10%.On Saturday, Musk tweeted the company’s “total head count will increase, but salaried should be fairly flat.”
That appeared somewhat at odds with a tweet just hours later where Musk said that the Tesmanian story was “accurate.”Tesla shares have been hurt by Musk’s interest in Twitter. Some investors worry it would distract him from running the company or force him to sell more Tesla shares to raise cash.
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