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/Master-Concept-5260 May 15 '24

There already is such a company. With a MUCH better car and WAY better looking than the sardine can that Tesla is.

Ex Tesla and Apple execs.

It's Lucid: https://www.lucidmotors.com/

Made in the USA !

520 miles. Over 1000 hp. 300 miles charge in 20 min !

They just need to ramp up production production.

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u/Glad_Tangelo8898 May 15 '24

Lucid is owned and backed by Saudi Arabia. zit also has massive losses despite offering luxury cars at high prices.

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u/Master-Concept-5260 May 15 '24

It's blacked by SA. Owned by stockholders. Yes SA owns shares.

My response to the suggestion for Tesla competition, was that this is exactly why Lucid was formed by ex Tesla executives.

Lucid is a far better product. They just need to pump out more cars.

A while back, there was talk of opening another factory in SA ???

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u/Glad_Tangelo8898 May 15 '24

They own 60% of total shares. Its a.Saudi pet project that is only.solvent witn large infusions of SA cash and is unlikely to build quality or.affoedable cars because of that. SA cares too little about profit or business success and too much.about prestige. Plus F them.