Elon Musk has 'a super bad feeling' about the economy - or rather Tesla? | DW News
June 3, 2022
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4:00Now PlayingElon Musk has 'a super bad feeling' about the economy - or rather Tesla? | DW News
YouTube Description
as posted by the channelElon Musk, the CEO of Tesla, wrote in an email to executives of the electric carmaker announcing a 10% reduction in staff and a worldwide pause on hiring, Reuters reported on Friday. The reported email comes on the heels of Musk facing backlash over a message to staff demanding they return to the office. It also comes amid a tumultuous and gloomy global economic outlook amid Russia's ongoing war in Ukraine.
What did Musk reportedly say?
In the email carried the subject line "pause all hiring worldwide" and was sent late on Thursday. Musk wrote that he has a "super bad feeling" about the economy, but did not elaborate. Neither Tesla nor Musk immediately commented on the Reuters report. Tesla shares were down 3.4% in premarket trading following the report. Earlier in the week, Musk made headlines for another email to staff announcing a 40-hour in office requirement for all employees. "If you don't show up, we will assume you have resigned," he wrote in that email.
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