Tesla told employees on Tuesday it was closing its San Mateo, California office and cutting 200 jobs there as part of the electric vehicle maker’s efforts to cut its workforce to save money. The staff at San Mateo’s office had helped improve Tesla’s advanced driver assistance system, or Autopilot. According to those familiar with the matter, more than half of the employees in this office were notified that their jobs were being cut. The remaining employees will be transferred to another office, according to the Wall Street Journal. A Tesla charging station at a Tesla showroom bears the manufacturer’s logo. (Christophe Gateau / Getty Images / Getty Images Alliance) Bloomberg earlier reported on Tesla’s plan to close the plant. Most of the jobs cut were held by part-time workers, despite CEO Elon Musk saying in an interview last week that he planned to add part-time workers but cut 10% of paid staff. The move comes after Musk warned he had a “super bad feeling” about the economy. Reuters reported that Musk told his executives to “stop all recruitment around the world.” Musk’s directive comes amid growing concerns about a possible recession. BIDEN ADMINISTRATION HAS REPEATED ADVICE FROM ELES MUSK TESLA: REPORT A Tesla vehicle passes in front of a Tesla factory. (REUTERS / Stephen Lam / Reuters Photos) Musk recently said that Tesla’s new plants in Texas and Germany lost “billions of dollars”, in part because of supply chain problems affecting the company’s ability to increase production at each plant. TESLA FIRE SPONTANEOUS FIRE WHILE SITTING IN THE CALIFORNIA GROUP “Both the Berlin and Austin factories are giant money ovens right now,” Musk said at the time. “It should be like a giant roar that is the sound of money burning.” Elon Musk attends the gala of the Costume Institute of the Metropolitan Museum of Art, which celebrates the opening of the “In America: An Anthology of Fashion” exhibition on May 2 in New York. (Evan Agostini / Invision / AP / AP Newsroom) Supply chain failures since its inception COVID-19 two years ago were particularly debilitating for the automotive industry, which supplies spare parts from all over the world. The lack of computer chips required for the operation of car computers has exacerbated the problems of the automotive industry and pushed up prices for used and new cars. CLICK HERE TO READ MORE ABOUT FOX BUSINESS Tesla recently boosted prices in its fleet of cars and the company’s shares have lost 38% of their value in less than three months. According to SEC payments, Tesla and its subsidiaries employed nearly 100,000 people by the end of 2021.
