'Musk is rich, he can take the world as his employee.'
Electric car company, Tesla Inc is seen actively hunting for workers even though Chief Executive Officer (CEO) Elon Musk expressed concern about weak economic growth.
Looking at Tesla's website under the 'career' category, the company is seen advertising 6,900 vacancies, which is an increase of almost 50% since mid-June.
Like to be reminded that last June Musk acted to throw out a number of Tesla employees due to the weak economic growth expected to affect the company in the future.
But a few weeks later Musk changed his plan saying that Tesla's job offer is expected to increase in the next 12 months but conditionally.
Back to the original news, in comparison the number of job offers at Tesla reached a peak of 7,400 vacancies in May before plummeting in the following 2 months after Musk's speech.
Even so, from July until now there has been a rebound in supply despite the sentiment of concern over weak economic growth scaring the broader market.
Examining the job offer at Tesla, Engineering and Information Technology and Vehicle Services including Production divisions saw an increase in employees.
According to Taylor Ogan of Snow Bull Capital, Tesla's job offer is very important in determining the growth of the company in addition to giving a shadow of the movement trend on Wall Street in the automotive category.
He explained that changes in the number of job offers reflect reductions or delays in filling jobs and changes in the size of the company's workforce.
As of this writing, Tesla shares are hovering around 7.01% higher at $219.35 with a market capitalization of $687.33 billion.
