The Elon Ultimatum

The Elon Ultimatum

Share this article


For some home is where the heart is, for Elon Musk, home is where you’ll find yourself unemployed. The eccentric billionaire has told all Tesla (TSLA) employees that they risk being fired if they do not return to the office and stop remote work. In an email sent to staff, Musk told Tesla employees that remote working conditions introduced in 2020 at the start of the Covid-19 pandemic would no longer be acceptable. He explained that office workers would be required to work a minimum of 40 hours per week onsite. 

“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,” he wrote. “This is less than we ask of factory workers.” Responding to a screenshot of the email on Twitter, Musk stated that anyone who disagrees with a policy of coming into the office “should pretend to work somewhere else.” He added that the reason Tesla has stayed afloat all these years was due to him living in the office/factory and that management should follow the same ethos.

Why it matters

As the world returns to normalcy, many companies are tackling how they should bring their employees back into the office. Tech rivals Apple (APPL) and Google (GOOGL) are testing a hybrid approach, whereas Airbnb (ABNB) allows its employees never to return to the office. Maybe Elon needs to rethink his strategy; Tesla's share price is six times higher today vs the beginning of the pandemic when work from home was a must. 

akbaraka

Get Smarter
About Investing

Join 35,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
akhbaraka
Get Smarter<br/> About Investing

Similar News