There’s been a lot of speculation about the email Elon Musk sent to Tesla employees on Sunday night, in which he said that those who couldn’t return to work or didn’t want to should leave immediately. Some people are speculating that this is just a way to get rid of underperforming employees, but there’s actually a much more logical explanation for why Musk would send out an email like this.
They should pretend to work somewhere else
— Elon Musk (@elonmusk) June 1, 2022
Tesla Cash Crunch
The main reason is that Tesla is facing a serious cash crunch. The company has been burning through cash at an alarming rate, and it needs to start generating revenue as soon as possible. Sending employees back to work is the best way to do that.
Of course, there are other reasons why Musk would want employees to return to work. He’s under a lot of pressure to deliver on his promises, and the sooner Tesla can start producing cars again, the better.
Tough Spot Financially
But the bottom line is that Tesla is in a tough spot financially, and Musk is doing whatever he can to get the company back on track. So if you’re an employee who’s planning on taking some time off, you might want to think twice before doing so. Tesla needs all the help it can get right now.
Do you think Elon Musk is making the right decision? Let us know in the comments! And be sure to check back for more updates on Tesla’s production plans. Thanks for reading!
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Tamila McDonald is a U.S. Army veteran with 20 years of service, including five years as a military financial advisor. After retiring from the Army, she spent eight years as an AFCPE-certified personal financial advisor for wounded warriors and their families. Now she writes about personal finance and benefits programs for numerous financial websites.
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