tech companies find ways to cut costs and downsize ahead recession, Tesla CEO Elon Musk seems confident that the automaker will be okay
As many tech companies are finding ways to cut costs and downsize ahead of an expected recession,CEO Elon Musk seems confident that the automaker will be okay. While Tesla is unlikely to be completely immune from the economic downturn, Musk doesn’t expect Tesla’s production to slow down at all because of one key factor.
One such executive who warned against the recession was Meta CEO Mark Zuckerberg. The company has already begun implementing a handful of changes to cut costs, with Zuckerberg even calling the current economic landscape “one of the worst downturns that we’ve seen in recent history.” Zuckerberg is far from alone in the sentiment. Amazon founder Jeff Bezos also warned of the recession, and the company has already withdrawn over 10,000 job offers and ended its robotics projects Canvas and Orca.
“To be frank, we’re very pedal to the metal come rain or shine,” said Musk during the earnings call. “So, we are not reducing our production in any meaningful way, recession or not recession.”
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