In early June, CEO Elon Musk said Tesla needed to cut 10% of its staff, per Reuters.

Musk told Tesla executives to pause all hiring because he had a “super bad feeling” about the economy and needed to cut 10% of the company’s workforce. However, he later tweeted that the headcount would increase, but the number of salaried staff would not rise.

Insider published that, two former Tesla employees have filed a lawsuit against Tesla, claiming its mass layoffs violated federal law.

Musk seems sure about economical slowdown and taking precautionary actions, but it is overwhelming the expectations and dreams of many lives. His tweets about cryptocurrency like DOGE Coin has also shattered dreams of many investors arising amid COVID-19 pandemics during the recent crypto crashes. Generation is expecting a great philanthropist in him, and his actions will influence the perception of mob.