Elon Musk personally approved the future hirings in Tesla

Elon Musk has told Tesla that the company will now require his personal approval for all new hires, including contractors, according to sources who have seen an email from the CEO. While the email reportedly didn't offer any reasoning for the decision, it comes as Tesla is looking to cut costs, with job cuts expected across the company amid reports of recent production challenges. Last week, Tesla announced plans to cut 9% of its workforce in an effort to hit profitability targets. Tesla CEO Elon Musk has asked the company's hiring executives to send him a list of hiring requests every week. However, Musk has cautioned them to "think carefully" before submitting such requests. This could be seen as a move to control spending and restrict the number of new hires, as Tesla seeks to become profitable.

Read More >>