Ilon Musk lost $17 billion after leaking about Tesla layoffs a | Euphoria | Crypto News

Ilon Musk lost $17 billion after leaking about Tesla layoffs and promising to increase staff

Elon Musk sent emails to top Tesla executives saying he had a "terrible feeling" about the economy and suggested a 10 percent reduction in staff and a hiring freeze.

The next day, June 3, Tesla shares fell 9.2 percent and Musk's fortune dropped by $16.9 billion, U.S. Forbes wrote.