Economy

Elon Musk: “I have a super bad feeling about the economy” – Tesla downsizing

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Earlier this week, Musk asked Tesla employees to return to the office or leave the company.

The head of Tesla Ίλον Μασκ He added that the electric vehicle company needs to “reduce its staff around 10% »according to an e-mail sent to executives yesterday, Thursday, which was seen by Reuters.

In an email entitled “Cessation of all recruitment worldwide”, Musk states: “I have a super bad feeling about the economy”.

Tesla was not immediately available for comment.

Earlier this week, Musk asked Tesla employees to return to office or leave the company.

“Everyone at Tesla has to spend at least 40 hours a week in the office,” he said. Musk wrote in another email sent to employees Tuesday night.

“If you do not show up, we will assume that you have resigned “ warned Croesus.

It is noted that Elon Musk is not the only one who warns of a financial crisis.

The Greek-born CEO of JPMorgan Chase warns of a “barometric low” in the world economy, Jamie Damon. He says he is preparing the largest US bank for a “financial hurricane on the horizon”, advising investors to do the same.

“You know, I said there are storm clouds (in the economy), but I’ll change that; it’s a hurricane,” Damon said at an economic conference in New York on Wednesday. Although conditions look “good” at the moment, no one knows if the hurricane is “small, or Hurricane Sandy,” he said.

“Better prepare,” Damon said in a room full of analysts and investors. “JPMorgan is preparing, and we will be very conservative with our balance sheet.”

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