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Elon Musk Reportedly Tells Tesla Staff Working Remotely Is No Longer an Option

Dow Jones2022-06-01

"They should pretend to work somewhere else."

That was Tesla's $(TSLA)$ chief executive officer Elon Musk, responding to an apparent leaked email making the rounds that was addressed to the electric-car maker's executive staff and entitled: "Remote work is no longer acceptable."

"Anyone who wishes to do remote work must be in the office for a minimum (and I mean 'minimum') of 40 hours per week or depart Tesla. This is less than we ask of factory workers," said the email dated May 31 and signed "Elon."

He said exceptional circumstances would be considered and reviewed directly by him, but also indicated higher ups could not report to the most convenient Tesla office.

"Moreover, the 'office' must be a main Tesla office, not a remote branch office unrelated to the job duties, for example, being responsible for Fremont factory human relations, but having your office be in another state," said the note. MarketWatch reached out to Tesla to verify the email, with no response as of publication.

While other companies have struggled to bring workers back in the more than two years since the start of the pandemic, Musk would appear to see little value in allowing that for his employees. That's despite data showing productivity surged during lockdowns, and remote work may not be such a production killer as he thinks.

A research team from the Texas A&M University School of Public Health found just that in a study released last month. Another academic study led by Stanford University professor Nicholas Bloom showed workers are more efficient if they are allowed to work from home at least some of the time.

And while it's unclear if Tesla workers are ready to take a stand, in a tight U.S. job markets, big companies are still struggling to get all their workers back, with COVID-19 is still causing outbreaks across the U.S.

Read:Get ready for the Great Resistance. Companies and employees are locked in a battle of wills over returning to the office

The entrepreneur and founder of Tesla came under fire in the early months of the pandemic when the company promised workers they could stay home if they felt unsafe due to COVID-19. The company later reversed course and said that employees who did not return to work would be fired.

Tesla saw hundreds of cases of COVID between May and December 2020 when it reopened against the recommendation of health officials.

Its most recent results released in April zoomed past expectations, with revenue pushing toward $19 billion despite factory shutdowns in China and ongoing supply-chain problems. Tesla is still working to get its factories in Shanghai up to full speed amid COVID outbreaks. Shares of the company have lost 28% so far this year.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment34

  • lowniu
    ·2022-06-27
    Yeah
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  • 小辉goPro
    ·2022-06-27
    Great 👍
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  • Chilli Padi
    ·2022-06-27
    Elon I believe is on top of the situation.  He wants to set the tone right moving forward to ramp up production and manage all his resources.  I think he isan exemplary leader.
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  • Seaside
    ·2022-06-27
    Joo
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  • Looyusooi
    ·2022-06-02
    Ok
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  • Alfred1007
    ·2022-06-02
    Make your choices, take it or leave it
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  • Ah_Meng
    ·2022-06-02
    Maybe this is the beginning of the end of Tesla? Tesla's growth in market cap over the recent years is nothing short of phenomenon. If you ask me, I will say the rapid rise is insane. Love it, hate it, it has brought riches to its controversial founder, who, in one stage, is the richest man in the world. From history of Wall Street, companies come and go. A rapid rise could always followed by a quick return back to the earth. The story of Tesla follows that of bitcoin. Although they are not the same thing, their rapid rise in valuation coincide with the time of excesses. The period whereby central banks of the world are competing in money printing programs. You may ask why you and I do not feel rich during this period of excesses. You need to ask the central banks. That is h
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  • KLC
    ·2022-06-02
    😃
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  • KLC
    ·2022-06-02
    Share go up !
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  • VernonChiam
    ·2022-06-02
    Wow
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  • tradelaggard
    ·2022-06-02
    Like the clear stance that Elon is showing. Better then companies that doesn't have one or act like it does have one.
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  • Krishnan76
    ·2022-06-02
    [Like] 
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  • Goupppppppp
    ·2022-06-02
    Will this effect on the price today?
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  • Ccchia
    ·2022-06-02
    K
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  • goldenboy
    ·2022-06-01
    [Cool] 
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  • DZL
    ·2022-06-01
    Musking the option of remote working 
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  • Dawang
    ·2022-06-01
    Some jobs really require U to come into office. Would U want your heart transplant surgeon to be operating you from home?
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  • Slee49
    ·2022-06-01
    Good
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  • Jas12345
    ·2022-06-01
    Omg
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  • Andersonkana
    ·2022-06-01
    Good
    Reply
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