Tesla cancels hiring events in China scheduled for June
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Tesla Inc (NASDAQ:TSLA) cancelled three online recruiting events scheduled in China this month, according to Reuters.
It is unclear if the decision is tied to the threat from Chief Executive Elon Musk for job cuts due to the electric vehicle maker being overstaffed in some areas.
The cancelled June recruiting events were for positions in China across the sales, R&D and supply chain departments. Notification send to Tesla's staff in China for a June 9 event to recruit staff for smart manufacturing roles was not visible and it unclear if that event actually happened.
The new hiring development follows a flurry of Tesla news over the last week including Musk having a "super bad feeling" about the economy, federal regulators expanding an Autopilot probe, improved production out of Shanghai, as well as a steady stream of Elon Musk-Twitter twists and turns.
Shares of Tesla (TSLA) rose 0.47% premarket to $722.50 vs. the 52-week trading range of $593.50 to $1,243.49.