Elon Musk tells Tesla chiefs to ax 10% of staff and ‘pause all hiring worldwide’ because he had a ‘super bad feeling’ about global economy in latest leaked email

Contact Your Elected Officials
Daily Mail Header
  • Elon Musk sent an internal email warning of the needs for cuts amid a gloomy economic outlook across world
  • But he did not elaborate on why he was worried in the brief message and did not comment on Twitter takeover
  • Tesla stocks were immediately down in pre-market trading after the comments – which were leaked Thursday
  • The electric car company’s share price plummeted 3.3 percent early Friday, while Dow Jones sunk 0.5 percent

Elon Musk has told top executives they need to slash Tesla jobs by 10 per cent and pause hiring worldwide because he has a ‘super bad feeling’ about the economy.

The billionaire sent an internal email warning of the need for cuts amid a gloomy economic outlook due to inflation and the brutal war in Ukraine.

But he did not elaborate on why he was worried in the brief message and did not comment on whether it would affect his $44billion Twitter takeover.

Tesla stocks were immediately down in pre-market trading following the comments, which were leaked to Reuters on Thursday night.

The electric car company’s share price plummeted 3.3 percent early Friday, while Dow Jones sunk 0.5 percent, S&P 500 slid 0.7 percent and Nasdaq fell 1.2 percent.

It comes as the firm faces another setback as regulators in the US probe a swarm of complaints about ‘phantom braking’ in its Model 3 and Model Y cars.

More than 700 customers have pointed out their vehicles suddenly came to a halt while traveling at high speeds – double the number of grievances last year.ย 

Musk has warned in recent weeks about the risks of recession, but ordering a hiring freeze and staff cuts was the most direct and high-profile message of its kind.

Remotely addressing a conference in mid-May in Miami Beach, he said: ‘I think we are probably in a recession and that recession will get worse.’

Byย Chris Matthews

Read Full Articles on DailyMail.co.uk

Daily Mail
Daily Mailhttp://www.dailymail.co.uk/
At DailyMail.com you can feed your daily addiction with the biggest stories from news, politics, showbiz and everything else in between.

AI is Now an Existential Threat

We now see evidence that artificial intelligence is an existential threat to our future. It is coming to take American jobs!

With or without

The mullahs of Iran have been at war with the West, particularly the US, for half a century and Iran is also the worldโ€™s foremost champion of terrorism.

Artificial Intelligence Equals Awful Iniquities

WSJ article โ€œAI is Learning to Escape Human Controlโ€ said in 79 of 100 trials, the o3 AI code systems edited their own code to prevent human shutdown!

VIDEO: Deranged Feminist vs. Mating Ducks in Epic Public Meltdown

A middle-aged white lady lib harasses mating ducks to โ€œstop it!โ€ because the rough sex they enjoy appears non-consensual on the part of the female.

RFK Jr. Slashes ALL U.S. Funding For Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™

Robert F. Kennedy, Jr. recently pulled all U.S. government funding from Bill Gatesโ€™ Global โ€˜Vaccine Allianceโ€™ GAVI.

Musk Again Wades Into Politics, Calls GOP Bill โ€˜Insane and Destructiveโ€™

โ€œThe latest Senate draft bill will destroy millions of jobs in America and cause immense strategic harm to our country!โ€ Musk wrote in a Saturday post on X.

Nevada Seen as Case Study in Rapid Urban Sprawl Amid a Water Crisis

Nevadaโ€™s rapidly growing population has reached a critical intersection with the regionโ€™s worsening water crisis, according to experts.

US Streamlines Rule for Fining Illegal Immigrants, Will Issue Nearly $1,000 Daily Fines for Noncompliance

DHS and DOJ announced a new joint federal rule that streamlines the process of issuing fines for illegal immigrants, making it easier and more efficient.

Man Indicted on 12 Hate Crime Charges in Attack on Boulder Demonstration for Israeli Hostages

Boulder, CO man accused of hurling Molotov cocktails at demonstrators supporting Israeli hostages indicted by grand jury on 12 hate crime counts.

Canada-US Trade Talks Will End Until โ€˜Certain Taxesโ€™ Are Dropped, Trump Stresses

Trade discussions between Canada and the United States will end โ€œuntil such time as they drop certain taxes,โ€ U.S. President Trump said in an interview.

Trump Says US to Send Tariff Letters to Trade Partners Before July 9 Deadline

President Donald Trump said Sunday he will soon send letters to trading partners detailing the tariffs to be imposed on their exports to the United States.

Trump Says He Found a Buyer for TikTok

President Trump said he found a buyer for the Chinese-owned short video application TikTok, and that he will reveal the group in roughly two weeks.

Termination of โ€˜Wasteful Contractsโ€™ Saves US Government $470 Million Last Week: DOGE

Over the past seven days, various government agencies have terminated 312 โ€œwasteful contractsโ€ with a ceiling value of $2.8 billion, the DOGE said.
spot_img

Related Articles