Elon Musk, the Tesla big boss, sent an email to executives announcing layoffs and a global recruiting freeze. Multiple news sites reported on Friday that he ascribed the decision to a “super bad feeling” about the economy.
With prices skyrocketing and the war in Ukraine passing its third month, the email highlighted the increasingly bleak global economic outlook for the electric vehicle giant.
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Tesla Shares Drop 3.5% After The News
Following the release of the message, Tesla’s stock fell by 3.5% in early morning trade. Neither Tesla nor Musk responded immediately to the report.
Earlier this week, the billionaire faced controversy after sending a letter to the company’s employees requesting that they return to work.
Musk stated in that communication:
“If you don’t show up, we will assume you have resigned.”
The email also comes just after Jamie Dimon, chairman and chief executive officer of JPMorgan...
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