Exclusive-Musk Says Tesla Needs To Cut Staff By 10%, Pauses All Hiring

Exclusive-Musk Says Tesla Needs To Cut Staff By 10%, Pauses All Hiring

SAN FRANCISCO (Reuters) – Tesla chief executive Elon Musk said the electric carmaker needs to “make a roughly 10% reduction in staff,” according to an email sent to executives on Thursday and seen by Reuters.

In the email titled “pause all hiring worldwide,” he said: “I have a super bad feeling about the economy.”

Tesla was not immediately available for comments.

(Reporting by Hyunjoo Jin)