Tesla CEO Musk's contradictory information about layoffs made the company's employees, investors and electric vehicle observers ride a roller coaster for three days, highlighting his sometimes unstable leadership and casting a shadow on the future of the automaker. Last Friday, it was reported that musk said in an internal memo that Tesla might need to cut 10% of its workforce. Musk told some Tesla executives that this was because he had a "super bad feeling" about the economy. Affected by this news, Tesla shares fell 9.2% on the same day.
Access:
Musk tweeted on Saturday that although the number of salaried employees is basically the same, the total number of Tesla employees will increase. According to the person who received the memo, musk said that Tesla has too many people in some areas, but the layoffs will not apply to the departments that assemble cars or battery packs.
Musk obviously wants to mitigate the impact on Tesla's 100000 employees, but it has exacerbated the confusion of shareholders and observers looking for signs of slowing growth in electric vehicles.
Daniel ives, an analyst at wadebush securities, said: "Musk's confused information has caused a lot of confusion. We believe that musk tried to send a signal to employees, but it backfired. Now he retracted his words." He called it another wacky soap opera after musk bought twitter.