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Benzinga
Benzinga
Business
Chris Katje

No, Tesla Is Not Freezing Hiring: Company Still Taking On Hourly Workers And Focusing On These 3 Areas

Elon Musk Nasdaq Tesla Inc. Gary Black Joe Biden electric vehicle

News of electric vehicle giant Tesla Inc (NASDAQ:TSLA) cutting jobs has been widely covered by the media this week. Here’s a look at updates from the company including how the hiring freeze reports could be inaccurate.

What Happened: Tesla CEO Elon Musk told executives of the company that job cuts of 10% at Tesla need to happen due to a “super bad feeling” about the economy. The email cited a hiring freeze happening for the company.

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