Elon Musk's Tesla yanks summer internship offers, students say

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Barron's senior writer Al Root discusses Tesla's market performance and automaker strategies when it comes to electric vehicles.

Tesla has reportedly reneged on summer internship offers it made to college students.

Multiple students described their situations in posts on their LinkedIn profiles this week. Bloomberg was first to report the news.

Bloomberg reported Wednesday.

One of the students identified by the outlet said Tesla informed her on Monday via a phone call that she no longer had a summer internship, a development she linked to the workforce and cost-reduction efforts Tesla recently started.

New Tesla electric vehicles fill the car lot at the Tesla retail location on Route 347 in Smithtown, New York, on July 5, 2023. (Photo by John Paraskevas/Newsday RM via Getty Images / Getty Images)

Tesla said in mid-April it would shed 10% of its 140,400-person headcount. Roughly 6,000 of those layoffs are hitting workers in Texas and California.

TESLA LAYS OFF MORE WORKERS, TWO SENIOR EXECUTIVES: REPORT

More recently, the EV maker indicated more workers, including much of the Supercharger team, would be laid off in addition to the initial eliminations, The Information reported.

FOX Business reached out to Tesla for comment regarding internship offers and how many it reportedly withdrew, but did not receive a response by the time of publication. 

Tesla said in mid-April it would shed 10% of its 140,400-person headcount. ((Photo by PATRICK T. FALLON/AFP via Getty Images) / Getty Images)

Another college student said Wednesday that his offer also got pulled with very little notice, according to Bloomberg. In a LinkedIn post, he reported that prior to Tesla backtracking on its offer, he had already locked down housing for