Elon Musk stated that Tesla will have to cut 10% of its employees

Electric car maker Tesla will have to cut about 10 percent of its workforce. The head of the company, Elon Musk, announced this in an e-mail to staff.

The letter sent out indicated that the company would have to “cut about 10 percent of its employees” as well as “suspend hiring around the world.”

“I have a very bad feeling about the economy,” Musk also said.

Tesla has not yet made any comment on the matter.