The job cuts in Q2 this year were not as bad as those in Q2 at the beginning of the pandemic. However, many fear that Tesla chief executive Elon Musk's feelings about a coming bad economy may prove true sooner rather than later. After making his statement to his executives in an email and announcing his plan to cut 10% of Tesla's workforce, the company laid off 229 people. It also shut down its office in San Mateo, California.