Elon Musk has a super bad feeling on the economy

Despite a relatively surprisingly nice jobs report Friday..

Tesla CEO Elon Musk recently told executives that his electric carmaker needs to cut staff by 10% because he has a “super bad feeling” about where the economy was heading.

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The email, titled “pause all hiring worldwide,” was sent to executives on Thursday and is the latest sign of mounting macroeconomic headwinds as lower-than-expected US new car sales in May could be a harbinger of a recession.


In another email Tuesday, Musk told employees:

“Everyone at Tesla is required to spend a minimum of 40 hours in the office per week …“If you don’t show up, we will assume you have resigned.”

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