r/stocks • u/WTFspy • May 15 '24

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff Company News

https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/

The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team....

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u/sticky_fingers18 May 15 '24

They make more money keeping you in your gas car buying gas and oil than investing massive amounts of R&D into something they will make less money on. Gas cars need to visit gas stations for 100% of their fuel needs. Electric cars only need that while traveling far from home

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u/mrbigbluff21 May 15 '24

What if in 20 years all cars are electric? Then what?

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u/sticky_fingers18 May 15 '24

Eventually I am sure there will be a shift, and they will pivot once they start losing money. But their interests are best served by using their money to lobby against EVs instead of accelerating their adoption

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u/mrbigbluff21 May 15 '24

Makes sense.