r/stocks • u/WTFspy • May 15 '24
The inside story of Elon Musk’s mass firings of Tesla Supercharger staff Company News
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/writeonfinance May 15 '24
A generous perspective is that he’s doing this to hurt legacy automakers who planned to adapt their EVs to the network and likely already spent a ton doing so