LONDON, June 3 Reuters Wall Street was tipped for a weaker open on Friday, bucking share price gains in Europe and Asia after warnings on the economic outlook from Tesla Chief Executive Elon Musk who outlined plans to lay off 10 of his staff.

Markets are on edge ahead of crucial monthly jobs data in the United States and signs that a combination of high oil prices and higher interest rates are starting to tighten conditions in the global economy and the United States.

But while world stocks are clinging to a slender gain, Wall Street futures turned lower on the day after Musk said he had a super bad feeling about the economy. In an email to executives seen by Reuters, he said he wanted to cut about 10 of jobs at the electric carmaker.

Musk39;s message came shortly after Jamie Dimon, Chairman and Chief Executive of JPMorgan Chase, described the challenges facing the U.S. economy as akin to a hurricane.

Shares in the electric carmaker were down 4.2 in premarket trade, while futures in the techheavy Nasdaq turned negative after the Reuters report, to slide 1.1. SP 500 futures were down 0.7.

A panEuropean equity index was little changed while MSCI39;s global equity benchmark rose by 0.1, still headed for a second week of gains.

Markets will clearly read this message negatively at first blush; Tesla is trying to be ahead of a slower delivery ramp this year and preserve margins ahead of economic slowdown, said Dan Ives, managing director for equity research at Wedbush…