Tesla shares slide after Elon Musk sounds the alarm over the economy and warns he must cut 10% of jobs

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Tesla shares slid after the electric car maker's boss Elon Musk sounded the alarm over the economy.

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He said he had a 'super-bad feeling' about global growth prospects, and warned he must cut 10 per cent of jobs.

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Shares in Tesla fell almost 10 per cent to around $700 after the world's richest man told executives on Thursday about the measures in an email titled 'pause all hiring worldwide'.

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Elon Musk said he had a 'super-bad feeling' about global growth prospects

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Prior to his warning, Tesla posted around 5,000 job adverts on LinkedIn for roles in Tokyo and Berlin.

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It and its subsidiaries employed almost 100,000 people at the end of 2021, regulatory filings showed.

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