How it started

Tesla had nearly 100,000 employees at the end of 2021.

What going on

On Friday, Elon Musk stated all employees must return to the office for at least 40 hours or face immediate termination. Later Elon sent an email stating they would be ”pausing all hiring worldwide.”.

Why it matters

Elon might be doing damage control for Tesla. Some theorize Elon’s decision to buy Twitter is a distraction from the collapse of Tesla. Tesla stock could see difficult times ahead. Investors are beginning to question the company’s sky-high stock price. And Elon himself has stated he has a “super bad feeling” about the economy.