Elon Musk | Tesla CEO sends employees job cut email at 1am

Tesla’s CEO Elon Musk sent an email to employees at 1:20am last Friday outlining sharp cuts - which may indicate that the company is on the brink of collapse, Inc.com reports.

The email started off by highlighting Tesla’s numerous accomplishments over the past year before Musk reportedly got stuck into announcing another round of job cuts – reducing the number of full-time employees by around seven per cent this time.

Inc.com has since suggested that Musk’s move could be signalling the end of the automotive company as he scrambles to compete with ambitious competitors.

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Musk has defended the job cuts as necessary in order for the company to meet some of its business challenges. He said that “making our cars, batteries, and solar products cost-competitive with fossil fuels,” is a problem, admitting they “are still too expensive for most people.” The CEO has also admitted that “[employees] must work much harder than other manufacturers to survive.”