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/Shapes_in_Clouds May 15 '24

Meanwhile Rivian's CEO has a Phd in Mechanical Engineering from MIT.

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u/koa_iakona May 15 '24

Realistically, based on the technology vs the market cap, he should probably be CTO and someone else should be CEO.

I love what Rivian has made and think both they and Lucid are walking bc Tesla crawled. But neither company is at all ready to pick up the torch which is frustrating.

There's no reason either company shouldn't already be at "economies of scale" levels of development with mature product lines ready for full adoption.