September 30, 2023

Tesla CEO Elon Musk sent an email to “everyone” at his electric vehicle maker on Monday, voicing concern over the company’s current hiring practices.

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“I want to get a better understanding of my recruitment,” Musk wrote in the email. “The VP should send me a list of my department’s hiring requests once a week.”

Tesla employees read the email as either a soft hiring freeze, or a sign that Musk is turning his attention to the car company now that he’s been named a CEO for Twitter, according to an employee who clarified. asked to remain anonymous to speak formally.

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On Friday, Musk said that NBCUniversal’s advertising chief Linda Yacarino would be Twitter’s new CEO, about six months after buying the social media company for $44 billion.

Last month, Tesla reported a more than 20% drop in first-quarter net income from a year earlier, causing the company’s share price to drop 10%. Kasturi suggested at the time that the company would prefer higher volumes rather than higher margins, a comment that raised some concerns among analysts.

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“Think carefully before sending me a request,” Musk wrote in Monday’s email. “No one can join Tesla as a contractor until you have my email approval.”

Musk has generally been involved in new hires and budget approval at Tesla since taking over as CEO in 2008.

Electric, a publication focused on EVs, at first email. Tesla did not immediately respond to a request for comment.

On Tuesday, Tesla is set to host its annual shareholder meeting in Austin, Texas. Stakeholders will have to decide whether to approve new and old board appointments, including the inclusion of ex-Tesla technology chief JB Straubel.

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Proxy advisory Glass Lewis last month recommended that shareholders vote against Straubel, as they did not see him as a suitable independent director given his history with the company from early 2019, when he resigned. Had given.

A separate consortium of environmental, social and governance-focused funds also urged shareholders to reconsider who they appoint to Tesla’s board. Some advise the company’s current board to rein in the “over-committed” CEO in an open letter.

Musk sold billions of dollars worth of Tesla shares to finance his Twitter acquisition, and has been in controversy ever since.

Under Musk’s watch, Twitter restored the accounts of previously banned and divisive figures, including Andrew Anglin, the founder of the neo-Nazi website. In recent days, the company bowed to the demands throttle some content And users on the app in Turkey, ahead of an important election there.

Here’s Monday’s email from Musk:

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