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Tesla CEO Elon Musk tells staff to return to the office or leave

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Yahoo Finance's Pras Subramanian joins the Live show to discuss Elon Musk's ultimatum to staff.

Video Transcript

[MUSIC PLAYING]

BRAD SMITH: Elon Musk saying, come to work or get out. The Tesla CEO told executives that remote work is no longer acceptable, according to Bloomberg. Let's bring in Pras Subramanian, who has more of the details. Pras, what do we need to know about this?

PRAS SUBRAMANIAN: You know, we're seeing the draconian side of Elon Musk here, as companies start to return back to work. He's saying basically, you're going to work in the office minimum 40 hours a week, and then if you want, you can work outside the office at home. And you can't even work at a remote Tesla office. If you're in the Fremont office or Fremont factory, you got to be there. So really kind of just putting down the hammer in terms of where he wants his people to be. He wants to see them.

He also said that what company has ever shipped a product, a great product from home? He says, can't remember one in a long time. So he's very much putting down his-- putting his foot down on, he wants his employees in the office like 40 hours minimum a week.

BRIAN SOZZI: Good! As a Tesla investor, you would probably want to hear something like that. Here's a growth company with a high valuation-- get your butts in the office and get to work.

PRAS SUBRAMANIAN: I mean, there was a funny anecdote he-- also about how a SpaceX employee said that one time, he saw a line of interns waiting for coffee. And he yelled at them and he said, get back into work and--

BRIAN SOZZI: Coffee's for closers.

PRAS SUBRAMANIAN: And then he-- and then they added cameras to make sure that people don't do that. Like, waiting in line for coffee is unacceptable behavior at the office.

BRAD SMITH: But, I mean, if you are an employee at Twitter and you've got this Elon Musk figure who is about to purchase your-- or in talks to, at this point, purchase your company, whether or not you believe it's going to go through, you still get a sense of how he might operate that company. Of course, separate from the auto segment, but still, same figure over multiple different companies-- SpaceX, Tesla, and then potentially even Twitter in the future.

PRAS SUBRAMANIAN: Yeah, I think I totally agree. Engineers must be worried if they're working at home. But if I'm a Ford, GM, Cruise Automation, even Rivian, won't you just say, hey, you want to work from home, as long as you join the Zoom meetings, make good-- code good product? We'll take you. It's kind of an opportunity for competitors to go after those very highly sought after Tesla engineers, in my opinion.