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Elon Musk orders 10% cut to Tesla workforce, ‘super bad feeling’ about the economy

Writing in an email to executives on Thursday, as seen by Reuters, Musk said that he had a “super bad feeling” about the trajectory of the economy. Tesla currently employs around 100,000 people in the United States at the company and its subsidiaries, according to its most recent SEC filing.

Musk’s warning of a potential recession and the impact it will have on automakers is the most direct forecast of its kind in the automotive industry and follows months of warnings from economists about a potential recession or stagflation.

Joe Biden wishes Elon Musk ‘lots of luck on his trip to the Moon’

President Joe Biden took a dismissive jab at Elon Musk over reports that the mogul has a “super bad feeling” about the American economy.

“Lots of luck on his trip to the moon,” a sarcastic Biden said at a press conference Friday when asked about Musk’s reported views.

 

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