Elon Musk lost almost $17,000,000,000 in a day after reports of the dismissal of 10% of Tesla's staff

By: Maksim Panasovskiy | 05.06.2022, 16:07
Elon Musk lost almost $17,000,000,000 in a day after reports of the dismissal of 10% of Tesla's staff

Elon Musk continues to reduce the value of the company's shares by his own actions Tesla. Over the past day, the state of the American billionaire has decreased by almost $ 17 000 000 000.

What is known

Recently we wrote  about how, due to several posts in Twitter Elon Musk lost about $12,000,000,000. Then, in one of the entries, he criticized the Democratic Party and promised to vote for the Republicans in the next election. This time it was the spread letters, which refers to the future reduction of 10% of the staff Tesla due to the economic crisis.

In the mailing list, a copy of which ended up in CNBC, says that the production staff of the company with hourly pay will not be fired. Every tenth employee with a fixed salary will be laid off.

After this the shares Tesla dropped 10%. The cost was about $700 apiece. As a result, Elon Musk's fortune decreased by $16 900 000 000 only per day. As with the recent tweet loss, the billionaire remains the richest person in the world. Forbes estimates his net worth at $216 800 000 000.

Returning to the topic of layoffs Tesla, we note that US President Joe Biden spoke about this situation. He said that while Musk talks about the economy, other companies are increasing investment and creating more jobs. In particular, Ford plans to hire 6,000 people, and Intel ready to open 20,000 vacancies.

Source: CNBC , Yahoo!