Elon Musk delivered one warning that will doom Joe Biden to resignation
Elon Musk has more bad news for Democrats.
It could not come at a worse time.
And Elon Musk delivered one warning that will doom Joe Biden to resignation.
Tesla CEO Elon Musk sees choppy economic waters ahead.
In an email to Tesla executives warning of an impending recession, Musk said the company would need to trim its workforce by 10 percent in order to survive the economic collapse Joe Biden was about to oversee.
Tesla (TSLA.O) CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters.
The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return to the workplace or leave, and adds to a growing chorus of warnings from business leaders about the risks of recession.
Musk has warned in recent weeks about the risks of recession, but his email ordering a hiring freeze and staff cuts was the most direct and high-profile message of its kind from the head of an automaker.
Musk has not made it a secret that he expects a recession to hit America.
Recently on social media, Musk responded to someone asking if he thought a recession was imminent by answering in the affirmative.
Musk blamed the government’s socialist spending spree for creating inflationary pressures that were about to cause a massive bubble to burst.
“Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen. Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!” Musk wrote.
Joe Biden’s approval ratings are already sinking into the 30s.
A recession caused by Joe Biden overheating the economy with trillions in new spending, causing the federal reserve to raise interest rates and drive the nation into a slowdown, would be a blow he could not recover from.
Polls already show Donald Trump leading Joe Biden in a potential head-to-head matchup.
A recession running through 2024 would render Joe Biden unelectable.
In that circumstance, Democrats would almost certainly pressure Joe Biden to resign rather than tank in the General Election.