Elon Musk tells Tesla staff they can work remotely – after spending 40 hours in the office Business

Tesla’s attitude towards remote working saw its Shanghai staff sleeping on its factory floor amid efforts to restart production during a Covid lockdown in April. Local authorities had decreed travel must stop as public health officials grappled with a Covid outbreak in the city.

Tech companies first began cracking down on remote working last summer before a movement dubbed the ‘great quit’ began forcing employers back to the bargaining table as staff resign in favor jobs with better working conditions.

Research in February showed half of Britons were considering changing jobs when the pandemic ended, with driving factors including people moving to remote areas during lockdown, and uncertainty over easing future as the economy reopens.

Many employers are starting to offer hybrid working, where staff split their time between home and the office.

Tesla’s stock price has climbed about 15% over the past week and currently stands at $758. Mr Musk, who is buying social media site Twitter for $44 billion, halted a $6.25 billion margin loan secured against Tesla shares in May after securing $33 billion of the needed funds.

Currently the richest man in the world, much of Mr Musk’s estimated $269 billion fortune is locked away in his investments, including his 9.2% stake in Twitter.

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This notice was published: 2022-06-01 08:49:09

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