Remarkably, Musk bases his decision on “the super bad feeling” he has about the global economy, he says in the email. He also believes that recruitment at Tesla should be paused.
The manufacturer of electric cars employs about 99,290 people worldwide. The company has plants in the United States, China and Berlin, where a total of 930,422 cars were produced last year. No one was available to comment on any restructuring plans.
Musk made headlines this week with a striking plea to abolish telecommuting at Tesla. Employees must be in the office at least 40 hours a week, according to the richest person in the world.
Other top executives such as Jamie Dimon of the American investment bank JPMorgan Chase have also sounded the alarm about the state of the economy. He warned investors this week of “an economic hurricane”.