The somewhat dramatic announcement comes amid a 9% drop in Tesla shares Friday through mid-morning, after Reuters reported an earlier email that Musk sent to executives about his plans to cut the company’s workforce and express a “super bad feeling” about its financial situation.
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In publishing its year-end financial statements, Tesla said it employed 99,290 employees worldwide as of the end of 2021. President Joe Biden was asked about Musk’s negative economic outlook on Friday after news of Tesla’s downsizing was released, and he replied that while Musk was talking about fears And economic downturns, Ford is increasing its investment in building new electric vehicles, with 6,000 new union workers in the Midwest.