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thewayneTo say this makes no sense overstates the obvious.
He fired the director of new car development. And everyone in that division.
He fired the director of the Supercharger network. And everyone in that division.
And remember how he's been saying that Tesla's big new thing was going to be the robotaxi? He just eliminated the entire public policy team. Funny thing: when you're dealing with the federal government, one thing that's very useful is a public policy team.
Two cars in their four car (plus the Cyber alleged Truck) are in desperate need of refreshes. And there's no longer a new car development group. Demand for the Supercharger network is going to grow like gangbusters as most every car maker in North America is adopting their plug standard. And now that division is gone?! It had the potential to be hugely profitable!
Unless he has a really extraordinarily amazing rabbit to pull out of his hat to reveal some master scheme to offset these division axings, somehow I don't think his massive pay package is going to get passed at that upcoming shareholder meeting. In fact, I'd be REALLY seriously looking at shorting Tesla stock.
https://arstechnica.com/cars/2024/04/tesla-to-lay-off-everyone-working-on-superchargers-new-vehicles/
He fired the director of new car development. And everyone in that division.
He fired the director of the Supercharger network. And everyone in that division.
And remember how he's been saying that Tesla's big new thing was going to be the robotaxi? He just eliminated the entire public policy team. Funny thing: when you're dealing with the federal government, one thing that's very useful is a public policy team.
Two cars in their four car (plus the Cyber alleged Truck) are in desperate need of refreshes. And there's no longer a new car development group. Demand for the Supercharger network is going to grow like gangbusters as most every car maker in North America is adopting their plug standard. And now that division is gone?! It had the potential to be hugely profitable!
Unless he has a really extraordinarily amazing rabbit to pull out of his hat to reveal some master scheme to offset these division axings, somehow I don't think his massive pay package is going to get passed at that upcoming shareholder meeting. In fact, I'd be REALLY seriously looking at shorting Tesla stock.
https://arstechnica.com/cars/2024/04/tesla-to-lay-off-everyone-working-on-superchargers-new-vehicles/
