Reuters reveals that Elon Musk wants to cut 10% of Tesla jobs – Reuters News Agency


Automotive

Reuters was first to report that Elon Musk plans to cut 10% of staff and freeze hiring, citing a “super bad” feeling about the economy. The internal email, seen by Reuters, stirred investor concern about the health of the global economy, the auto industry and the electric car maker. Nasdaq fell 1% in premarket trading following the Reuters story, while shares of Tesla dropped 7% when the market opened in New York. 

Market Impact

Nasdaq fell 1% in premarket trading following the Reuters story, while shares of Tesla dropped 7% when the market opened in New York.

Article Tags

Topics of Interest: Automotive

Type: Reuters Best

Sectors: Equities

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story



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