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

11 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

11 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

11 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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