<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>

SAN FRANCISCO -- SciFin, a company that helps revenue teams turn fragmented information into timely…
SAN FRANCISCO -- Sapiom, a platform builders use to ship, run, and scale AI agents,…
John Ternus [pictured] officially took over as CEO of Apple Inc. on September 1, with…
SAN FRANCISCO -- Gimlet Labs, an Applied AI research and product company, has raised $300…
SAN JOSE — Adobe's Board of Directors announced that Anil Chakravarthy, president of Adobe’s Customer…
SAN FRANCISCO -- Owner -- an AI platform for small businesses - has raised $240…