Elon Musk reportedly laid off 10 percent of Tesla employees late last night after sharing that he has a “super bad feeling” about the future of the economy. Not long after, President Joe Biden clapped back and responded to Musk's worries while answering questions at a tour of Ford's new electric vehicle factory — a notable Tesla competitor.

Elon’s actual email pic.twitter.com/oY1XlJ8u0w

— Tesla and Doge (@TeslaAndDoge) June 3, 2022

"super bad feeling" is the official business school phrase this. https://t.co/Ghunf3sr2F

— Strategy Scorpion (@StratScorpion) June 3, 2022

“Lots of luck on his trip to the moon.”

-- President Biden responds to Elon Musk saying he has a “super bad feeling” about the economy pic.twitter.com/RNjXcP1Szn

— The Recount (@therecount) June 3, 2022

The cuts to Tesla’s workforce come amid a difficult few months for the company as more competitors producing electric cars are making inroads on Tesla’s dominance of the market and the company's stock price is significantly down.

Elon Musk is laying off 10% of Tesla staff while spending billions of his own capital to buy a company where people are voluntarily resigning so they don’t have to work for him

— litquidity (@litcapital) June 3, 2022

Media keeps covering for Musk. Never once does @CNBC point out that these cuts are coming after Musk attacked Tesla's customer base and its stock tanked over 40%.https://t.co/RDttgnfK9a

— What's Up Doc? 🏳️‍🌈 (@KDavisGayFriend) June 3, 2022

Many commentators blame Musk himself, arguing that his attempt to purchase Twitter using money from Tesla shares he holds has driven down the stock and spooked investors. They also point out that Musk’s recent political comments may alienate the customers Tesla wants to sell to, who are generally liberal and environmentally conscious.

I swear #ElonMusk is actually an idiot.

- Moves production plants to Texas, with shit infrastructure and people who won't buy his cars

- Repeatedly tanks #Tesla stock with dumbass super Conservative tweets

- Lays off 10% of Tesla staff because of "super bad feeling"

Ok pal 🤡

— Bannerlord 🇺🇦 (@lastplacepace) June 3, 2022

But the economy beyond Tesla is also showing some bad signs. Inflation is on the rise, and the markets have been down for weeks now. Chase CEO Jamie Dimon spoke this week about the imminent arrival of an “economic hurricane,” which may be his way of sharing a “super bad feeling.”

MOOD now that Elon has a "super bad feeling" about the economy. pic.twitter.com/zg5X9F6rkb

— John Pompliano (@JohnPompliano) June 3, 2022

Other posters pointed out that Musk’s comments about a “super bad feeling” just happen to land on June 3rd, the birthday of McLovin, a character from the 2011 comedy film Superbad.

We've been talking all morning about @elonmusk "super bad economy" and now this from the movie "Superbad" Note the date on the fake ID.

Did Musk know this .. or just random but interesting?

I'm going to retire. https://t.co/CQY0dNXBUz

— Brian Sullivan (@SullyCNBC) June 3, 2022

Lol @elonmusk feeling ‘Super Bad’ on McLOVIN’s birthday pic.twitter.com/vDsej7eDJW

— Chair of Wizard (@chairofwizard) June 3, 2022

Tesla competitor Ford, meanwhile, is hiring for thousands of new positions to build a new line of electric vehicles and received a recent visit from President Biden who, when asked by reporters about Musk, wished him “lots of luck on his trip to the moon, I guess.”

NEW: President Biden just reacted to Elon Musk cutting production while companies like Ford are expanding American union jobs: “Lots of luck on his trip to the moon, I guess.”

— No Lie with Brian Tyler Cohen (@NoLieWithBTC) June 3, 2022

For all of you who still do not understand what "shade" is, POTUS</a> just gave you a masterclass via <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">elonmusk https://t.co/lvHtC0OMwv

— Linette Lopez (@lopezlinette) June 3, 2022

Biden on Elon being concerned about The U.S economy:
Reporter: “ Elon said he had a bad feeling about the economy & is laying off 10% of his workforce.”
Joe Biden:
“ Ford is Increasing their investment adding 6k employees, union employees I might add “ pic.twitter.com/mhEr8KmNer

— M-A.Stay’Legit ™️🇨🇦🇩🇪 (@BagdMilkSoWhat) June 3, 2022