Apparently, the world’s richest guy is worried about the global economy.
Reuters reported late Thursday that Tesla (TSLA) executives received an email with “stop all international recruiting” in the subject line.
According to CEO Elon Musk, in an email sent to the company’s employees, the employee headcount has to be reduced by 10%.
Moreover, SEC filings show Tesla had over 100,000 employees by the end of 2021. Following a market-wide surge, Tesla’s stock closed 4.6% higher at $776 per share on Thursday. However, Tesla shares plummeted more than 4% in premarket trade.
Microsoft (MSFT) lowered its outlook on Thursday, attributing the decrease to fluctuations in the US dollar value. Following JPMorgan Chase CEO Jamie Dimon’s ominous warnings about an impending economic storm, Tesla CEO Elon Musk has expressed his gloom and doom about the future of our global economy.
Musk’s apparent request for staff to return to the office or quit the firm has prompted this story.
In 2022, Tesla shares have fallen by 26% due to a technology-driven stock market meltdown in the United States. Since the end of March, the EV manufacturer has failed to reopen its Shanghai factory because of COVID lockdowns in the significant Chinese metropolis, which according to Bloomberg, have cost the firm 40,000 lost units.
Despite being the wealthiest man on the planet, Musk’s fortune has shrunk by $42.9 billion, according to Bloomberg’s Billionaire Index, to $227 billion.
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