Tesla cancels three June online hiring events for China

Tesla cancels three June online hiring events for China


In this April 2022 photo, a Tesla store is seen in Changzhou, China. The country made more than half of the vehicles for the automaker globally and contributed a quarter of its revenue in 2021.

Sheldon Cooper | Sopa Images | Lightrocket | Getty Images

Tesla has canceled three online recruitment events for China scheduled this month, the latest development after Chief Executive Elon Musk threatened job cuts at the electric car maker, saying it was “overstaffed” in some areas.

However, Musk had not commented specifically on staffing in China, which made more than half of the vehicles for the automaker globally and contributed a quarter of its revenue in 2021.

The company canceled the three events for positions in sales, R&D and its supply chain originally scheduled for June 16, 23 and 30, notifications on messaging app WeChat showed late on Thursday, without stating a reason.

Tesla did not respond to a Reuters request for comment on Friday.

Notification of a June 9 event to recruit staff for “smart manufacturing” roles was not visible and it was not immediately clear it had been held as planned.

Read more about electric vehicles from CNBC Pro

The China operation is still allowing resume submission for more than 1,000 openings posted on the social media platform, such as aerodynamics engineers, supply chain managers, store managers, factory supervisors and workers.

Musk had a “super bad feeling” about the economy, he said in an email seen by Reuters last week.

In another email to employees on Friday, Musk said Tesla would reduce salaried headcount by a tenth, as it had become “overstaffed in many areas,” but added that hourly headcount would increase.

Production at Tesla’s Shanghai plant was badly hit after the Chinese commercial hub began a two-month Covid-19 lockdown late in March.

Output is set to fall by more than a third this quarter from the previous one, outpacing Musk’s prediction.



Source

Trump’s 50% copper tariff includes a major exemption. That won’t halt price rises
World

Trump’s 50% copper tariff includes a major exemption. That won’t halt price rises

Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty Images A major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will […]

Read More
German inflation dips to cooler-than-expected 1.8% in July
World

German inflation dips to cooler-than-expected 1.8% in July

Rhineland-Palatinate, Mainz: Fruit is sold at the weekly market. Andreas Arnold/dpa | Picture Alliance | Getty Images German inflation fell more than expected to 1.8% in July, data from statistics agency Destatis showed Thursday. Economists polled by Reuters had anticipated inflation to dip to 1.9%. July’s reading compares to the 2% print recorded in June, […]

Read More
CNBC’s Inside India newsletter: Why an India-U.K. trade deal does not make U.S.-India agreement any easier
World

CNBC’s Inside India newsletter: Why an India-U.K. trade deal does not make U.S.-India agreement any easier

CNBC reporter Ganesh Rao with India Commerce Secretary Piyush Goyal © George Bextor, CNBC Hello, this is Ganesh Rao, CNBC’s senior correspondent, writing from London. This week, I look into India’s willingness and limitations to strike trade deals after I sat down with the country’s Commerce Secretary Piyush Goyal. Enjoy! This report is from this […]

Read More