<p>Shares in Tesla Motors, the leading electric-car manufacturer, tumbled Friday after reports that CEO Elon Musk wants to reduce jobs at the company by 10% to reduce costs.</p>
<p>Tesla builds most of its vehicles at its massive 5.3 million square-foot plant in Fremont. The plant employs about 22,000 people.</p>
<p>According to a report by Reuters, Musk sent an e-mail to company executives that he has a really bad feeling about the economy and wants to eliminate 10% of Tesla&#8217;s workforce. The company has over 100,000 workers total.</p>
<p>It&#8217;s been a very busy year for Musk who, in addition to being CEO of Tesla, is in the middle of a deal to buy Twitter for $44 billion.</p>
<p>Musk is also the CEO of rocket-company SpaceX.</p>
<p> ;</p>

SANTA CLARA -- The Silicon Valley Engineering Council (SVEC) announces the induction of Andrea J. Goldsmith, PhD and R.…
CardVault by Tom Brady, the first national retailer dedicated to sports cards, trading cards, and…
SAN FRANCISCO & TRONDHEIM, NORWAY -- Trener Robotics (formerly T-Robotics), developer of an AI robot…
SUNNYVALE— Cerebras Systems has announced the closing of a $1 billion Series H financing at…
SAN FRANCISCO -- Big Health, a developer of digital treatments for the most pervasive mental…
BERKELEY -- Deep Fission, anadvanced nuclear energy company placing small modular pressurized water reactors (SMRs)…