Ukraine Gate – Kyiv – June 5, 2022- Tesla shares fell 9% Friday after Elon Musk laid off 10% of the electric car maker’s employees.
Tesla shares rose more than 5% and fell 9.2% for the fourth week in a row after Musk sent emails to executives saying his electric car maker should freeze hiring and cut its workforce by 10%, citing his regret.
The wealth of the world’s richest man is estimated at $216.8 billion – down $16.9 billion in a single day after just days after Musk was widely criticized for ordering his employees to work in the office 40 hours a week or “pretend to work elsewhere”.
Musk’s tweets also caused sharp swings in the price of Tesla’s stock in recent weeks, and when he wrote on Twitter that the Twitter deal was put on hold on May 13, Tesla shares rose 5.7% that day.
