Tesla CEO Elon Musk said - in an email to all employees of the electric car maker last Friday - that the company will cut 10% of paid workers, and will rely instead on more hourly workers, according to a report by the “CNN” website. CNBC.

Tesla shares fell 9% by mid-morning Monday, after Reuters reported an earlier email Musk sent to executives about his plans to cut the company's workforce and express "a very bad feeling" about the economy.

The news comes in conjunction with Musk asking Tesla employees to return to work from their offices at least 40 hours a week or leave the company, and similar emails were sent to employees of his other company, SpaceX, according to the New York Times. (The New York Times).

"Anyone who wants to do remote work must be in the office at least 40 hours (and I mean minimum) per week or leave Tesla," Musk said in the email about working from offices.

"That's less than what we're asking of factory workers."

Tesla said in its year-end financial filing that it employed 99,290 people worldwide as of the end of 2021.

Biden: While Musk talks about economic concerns and cutbacks, Ford is increasing its investment in building new electric cars with 6000 new employees in the Midwest (Reuters)

US President Joe Biden was asked about Musk's negative economic outlook last Friday after news of Tesla's employee cuts were released;

Biden said that while Musk talks about economic concerns and cutbacks, Ford is increasing its investment in building new electric cars, with 6,000 new employees in the Midwest.

The president also praised Chrysler Corp for making similar investments in electric cars in the United States, and Intel for adding 20,000 new jobs in manufacturing computer chips.

Biden commented sarcastically about the costs of Musk's trip to the moon: "Well, you know, there was a lot of luck on his trip to the moon!"

Here is a translation of the new email that Musk sent to all Tesla employees, and read back to CNBC:

To everyone


Subject: Reducing the number of employees


Date: Friday 3 June 2022

Tesla will cut the number of salaried employees by 10% as the number of employees is becoming redundant in many areas.

Note: This does not apply to anyone who actually builds cars, packs batteries, or installs solar energy.

The number of hourly employees will increase.

Which color".