 "elon musk")
Two weeks ago Elon Musk signaled Tesla Inc. was staying in the fast lane. Now he’s tapping the brakes.
The chief executive officer warned in an email to employees that Tesla plans to cut its “overstaffed” salaried workforce by 10%, according to people who received the memo and asked not to be identified discussing the details.
That surprised some analysts and industry watchers who have marveled at Tesla’s record-breaking deliveries even as it deals with shortages of critical parts. Shares of the company sank 9.2% on Friday -- the steepest drop in five weeks -- as investors digested Musk’s bearish take.
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