The CEO of the streetcar company backed down on his intention and announced this weekend that he will increase the number of employees at the company over the next 12 months after all.

The message was communicated via his Twitter account.

Elon Musk said on Saturday that the electric vehicle maker's total workforce will increase over the next 12 months. However, the number of paid employees is expected to be little changed. The message shows a retreat from an email sent just two days ago. According to the communication, Musk said that 10% job cuts were needed.

"The total number of employees will increase, but salaries should be fairly flat," Musk says.

Tweeted Musk in a response to an unverified Twitter account that made a "prediction" that the number of Tesla employees would increase over the next 12 months.

As an argument for this possible firing of 10% of his employees, the South African tycoon mentions that he has a bad feeling about the American economy.

In addition to this argument, the head of the brand also sent another email to employees saying that Tesla would reduce the number of hourly workers by 10% as it became "overstaffed in many areas." But "the number of hourly workers will increase," he said.