Home News Elon Musk is $ 17 billion poorer after threatening to lay off...

Elon Musk is $ 17 billion poorer after threatening to lay off employees


“Anyone who wants to work remotely must be in the office at least (and I mean * minimum *) 40 hours a week or leave Tesla. That’s less than we ask of factory workers, “wrote Elon Musk.

After the announcement for his employees became public, Elon Musk was harshly criticized by experts.

“Tesla is a fast-growing company that is increasing production at two new plants, so the suspension of employment raises a lot of questions. Based on today’s reaction, the market suggests the worst, “said Garett Nelson, a CFRA analyst.

Tesla shares fell sharply by 9.2%, although this is not the first controversial message from the billionaire. Compared to last year, Musk has a fortune of 55 billion dollars less, but he still remains the richest man in the world.

Read:   EU warns consumers about cryptocurrency scams: May lose all money invested in cryptocurrencies

A few days ago, an e-mail was sent out by Elon Musk to the company’s board of directors in which he expressed his desire to lay off 10% of employees because he has a “very bad feeling” about the recession that would it was going to hit us in the next period.

His message had a huge impact and was even commented on by US President Joe Biden, who ironically wished Musk “good luck with his trip to the moon”.

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Read:   Virgin Galactic is selling spaceflight tickets. How much does a 90-minute trip cost?
Previous articleRussia’s sanctions on Gazprom Germany could cost gas users and taxpayers five billion euros a year
Next articleBritain will work hard with the aviation industry to avoid a repeat of the chaos at airports last week