Tesla (NYSE: $TSLA) shares are trading lower following a report that Elon Musk called for the “pause all hiring worldwide”. This has scared investors and the stock dropped to the $700 price range with a strong fight between the Bears & Bulls. Further reports indicated that Tesla might need to cut roughly 10% of its employees.

This reported email comes at a time that Musk said he has a “super bad feeling” for the direction that the economy is heading towards.