Elon Musk, the founder of SpaceX and Tesla, lost $16.9 billion and shares of his automaker fell 9.2% a day following the leak of his order to reduce the staff at Tesla by 10%. This was announced today, June 4, by Forbes magazine.
The day before, on June 3, Archyde.com informed, citing a letter it had, that Musk ordered Tesla to cut “regarding 10% of the staff” and suspend hiring amid concerns regarding the situation in the US economy.
Musk, who remains the richest man in the world, is now worth $216.8 billion, according to Forbes.
“The main thing investors are probably thinking regarding right now is that Musk shut up … He has been surprisingly quiet the last week, and stocks have shown good growth,” Miller Tabak + Co., chief market strategist, quotes the magazine as saying. Matt Maley.
Recall: the American company Tesla Motors was founded in 2003 as a developer and manufacturer of electric vehicles and technologies related to them. The headquarters is located in Palo Alto, California. In addition to electric vehicles, the company manufactures batteries and electric motors using its own technology and sells it to other automotive companies, such as Toyota and Daimler.