• Elon Musk buys $25m in Tesla stock after job cuts news

    4 days ago - By Telegraph


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  • Tesla added twice as many employees in 2018 as it now plans to cut

    Tesla added twice as many employees in 2018 as it now plans to cut

    4 days ago - By Business Insider

    Tesla CEO Elon Musk confirmed on Tuesday that the company will be laying off 9% of its employees in order to save costs and streamline organizational processes.
    This year, Tesla added 8,000 employees to bring its total to 46,000 according to various reports. At 9%, it's cutting a little over 4,000 employees - half as many as it hired in 2018. In the email to employees, Musk said Tesla's rapid growth over the last 10 years, as depicted by this chart from Statista , is to blame for a "duplication of roles and some job functions that... made sense in the past, are difficult to justify...
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  • Elon Musk buys 72,500 of Tesla shares

    Elon Musk buys 72,500 of Tesla shares

    4 days ago - By Reuters

    Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company's common stock, a regulatory filing showed on Wednesday.
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