Did Tesla founder and CEO Alon Musk not tell the truth? Earlier this month, Tesla shares lost 10% in one day after Reuters reported an internal email Alon Musk sent to company executives instructing them to cut 10% of the company’s workforce and suspend recruitment because he had a “feeling Super bad “about the economy.
The next day he was stressed and tried to make it clear that the market did not understand him correctly. The CEO decided to clarify Tesla’s layoffs in an email sent this time to all employees at the company. He claimed that a 10% reduction would be for “salaried employees” due to activity with a larger-than-necessary workforce, following Tesla’s long growth. Musk even stated that “number of employees The two hours will increase. ”
Musk is inaccurate – the company will also lay off employees for the time being
But now it turns out that Musk is not really accurate. Tesla has begun another wave of layoffs, and this time it also includes hourly workers instead of just salaried workers as Musk claimed. Tesla began another wave of layoffs yesterday that included many employees in its North American sales and shipping teams.
Surprisingly, the layoffs come despite Tesla being in the midst of a high wave of dedication at the end of the quarter, which Musk himself warned employees against – saying it would be “crazy”, meaning strong and significant in relation to the past. The reason is the shutdown of its plant in the city of Shanghai in China, following the closure in the city due to the increase in morbidity following the corona. So the carmaker finds itself forced to supply more vehicles at the end of the quarter in order to compensate for that period.
How many workers will be fired? Tesla employed about 100,000 employees at the company and its subsidiaries at the end of 2021, so that there are about 10,000 employees. Tesla had an estimated 5,000 open jobs and Musk demanded a halt to recruitment for all of those jobs.
Tesla is the fastest growing automaker. It is perceived as innovative, modern and young among all car companies. It is the most powerful and dominant engine in the field of electric and autonomous vehicles and if there is a feeling of weakness there, it may indicate weakness in the whole sector.
A lawsuit against Musk for a $ 258 billion pyramid scam at DogeCoin
Tesla CEO Continues Tangled? A lawsuit was filed against him in a federal court in Manhattan, with prosecutor Keith Johnson accusing Musk of running the DogeCoin virtual currency. He is suing the screen for $ 258 billion and actually accusing him of a pyramid scheme.
“Defendants have been aware since 2019 that DogeCoin has no value but Musk still promoted the currency to profit from trading in it,” the complaint said. Johnson adds that “Musk has used his power as the richest man in the world to run and operate the DogeCoin Pyramid Program for profit, exposure and entertainment.”
Musk is known as a veteran Twitter tweet, and specifically he tweets many times about the coin that started as a joke at all – and the coin responds each time with a double-digit percentage jump. So whether he runs the coin or not, people can make or lose a lot of money following his tweets.
This is of course not the first time Musk has gotten involved with the authorities. In 2018 the US Securities and Exchange Commission (SEC) opened an investigation against him over suspicious events in Tesla shares, and a year later the authority even accused him of false advertising, and earlier this year he was suspected by her of trading inside information.
And what about the Twitter deal?
And meanwhile, the Twitter deal is on hold after Musk said that if there is a high percentage of fake accounts he will cancel the deal. The Twitter board of directors, which initially tried to oppose the acquisition of the company by Musk, announced that it would cooperate with Musk in examining the issue.
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment