Tesla (TSLA) employed around 100,000 people in the company and its subsidiaries at the end of 2021, according to its annual SEC filing.
The company was not immediately available for comment.
Musk’s stark warning of a potential recession and the knock-on effect for automakers is the most direct and high-profile forecast of its kind in the industry.
While concerns about the risk of a recession have grown, demand for Tesla cars and other electric vehicles has remained strong and many of the traditional indicators of a downturn — including increasing dealer inventories in the United States — have not materialized.
But Tesla has struggled to restart production at its Shanghai factory after Covid-19 lockdowns forced costly outages at the plant.Musk’s gloomy outlook echoes recent comments from executives including JPMorgan Chase (JPM) CEO Jamie Dimon and Goldman Sachs (GS) President John Waldron.
A “hurricane is right out there down the…
