The other answers point out the non-atomic increment and various problems. I mostly want to point out some interesting practical details about exactly what we see when running this code on a real system. (x86-64 Arch Linux, gcc9.1 -O3, i7-6700k 4c8t Skylake).
It can be useful to understand why certain bugs or design choices lead to certain behaviours, for troubleshooting / debugging.
Use int tmp = ++a; to capture the fetch_add result in a local variable instead of reloading it from the shared variable. (And as 1202ProgramAlarm says, you might want to treat the whole increment and print as an atomic transaction if you insist on having your counts printed in order as well as being done properly.)
Or you might want to have each thread record the values it saw in a private data structure to be printed later, instead of also serializing threads with printf during the increments. (In practice all trying to increment the same atomic variable will serialize them waiting for access to the cache line; ++a will go in order so you can tell from the modification order which thread went in which order.)
Fun fact: a.store(1 + a.load(std:memory_order_relaxed), std::memory_order_release) is what you might do for a variable that was only written by 1 thread, but read by multiple threads. You don't need an atomic RMW because no other thread ever modifies it. You just need a thread-safe way to publish updates. (Or better, in a loop keep a local counter and just .store() it without loading from the shared variable.)
If you used the default a = ... for a sequentially-consistent store, you might as well have done an atomic RMW on x86. One good way to compile that is with an atomic xchg, or mov+mfence is as expensive (or more).
What's interesting is that despite the massive problems with your code, no counts were lost or stepped on (no duplicate counts), merely printing reordered. So in practice the danger wasn't encountered because of other effects going on.
I tried it on my own machine and did lose some counts. But after removing the sleep, I just got reordering. (I copy-pasted about 1000 lines of the output into a file, and sort -u to uniquify the output didn't change the line count. It did move some late prints around though; presumably one thread got stalled for a while.) My testing didn't check for the possibility of lost counts, skipped by not saving the value being stored into a, and instead reloading it. I'm not sure there's a plausible way for that to happen here without multiple threads reading the same count, which would be detected.
Store + reload, even a seq-cst store which has to flush the store buffer before it can reload, is very fast compared to printf making a write() system call. (The format string includes a newline and I didn't redirect output to a file so stdout is line-buffered and can't just append the string to a buffer.)
(write() system calls on the same file descriptor are serializing in POSIX: write(2) is atomic. Also, printf(3) itself is thread-safe on GNU/Linux, as required by C++17, and probably by POSIX long before that.)
Stdio locking in printf happens to be enough serialization in almost all cases: the thread that just unlocked stdout and left printf can do the atomic increment and then try to take the stdout lock again.
The other threads were all blocked trying to take the lock on stdout. One (other?) thread can wake up and take the lock on stdout, but for its increment to race with the other thread it would have to enter and leave printf and load a the first time before that other thread commits its a = ... seq-cst store.
This does not mean it's actually safe
Just that testing this specific version of the program (at least on x86) doesn't easily reveal the lack of safety. Interrupts or scheduling variations, including competition from other things running on the same machine, certainly could block a thread at just the wrong time.
My desktop has 8 logical cores so there were enough for every thread to get one, not having to get descheduled. (Although normally that would tend to happen on I/O or when waiting on a lock anyway).
With the sleep there, it is not unlikely for multiple threads to wake up at nearly the same time and race with each other in practice on real x86 hardware. It's so long that timer granularity becomes a factor, I think. Or something like that.
Redirecting output to a file
With stdout open on a non-TTY file, it's full-buffered instead of line-buffered, and doesn't always make a system call while holding the stdout lock.
(I got a 17MiB file in /tmp from hitting control-C a fraction of a second after running ./a.out > output.)
This makes it fast enough for threads to actually race with each other in practice, showing the expected bugs of duplicate values. (A thread reads a but loses ownership of the cache line before it stores (tmp)+1, resulting in two or more threads doing the same increment. And/or multiple threads reading the same value when they reload a after flushing their store buffer.)
1228589 unique lines (sort -u | wc) but total output of
1291035 total lines. So ~5% of the output lines were duplicates.
I didn't check if it was usually one value duplicated multiple times or if it was usually only one duplicate. Or how far backward the value ever jumped. If a thread happened to be stalled by an interrupt handler after loading but before storing val+1, it could be quite far. Or if it actually slept or blocked for some reason, it could rewind indefinitely far.