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Benzinga
Benzinga
Business
Melanie Schaffer

Tesla Pulls Back Following Elon Musk's Plan To Cut Workforce: Here's What May Come Next

Tesla, Inc (NASDAQ:TSLA) was plunging almost 10% lower at one point on Friday after CEO Elon Musk reportedly sent an email titled “pause all hiring worldwide” to his executives and said the EV giant would need to cut about 10% of its employees.

Within the email, Musk said he had a “super bad feeling” about the state of the economy, which comes in addition to comments the billionaire made last month when he said recessions were a “good thing.”

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