Tesla Inc. Chief Executive Officer Elon Musk said the electric carmaker needs to cut staff by around 10%, noting he had a “super bad feeling” about the economy, according to an internal email seen by Reuters.
The email, titled “pause all hiring worldwide,” was sent to Tesla executives on Thursday, according to the report.
Shares of Tesla fell 4.8% at 8:02 a.m. in early New York trading, weighing on the broader U.S. market. Representatives from the automaker didn’t immediately respond to requests for comment Friday.
