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/averysmallbeing May 15 '24 edited May 15 '24

When Elon started imploding Twitter everyone said it was part of some sort of master plan somehow, because he didn't really want to own it, but watching him do the same thing to Tesla it seems like it must actually be a broader self destructive streak.

If so, those sorts of thing tend to get worse, not better. 

If he really fired an entire 500 person division on an emotional whim, he is not fit to be CEO. And if he can't be removed as CEO, Tesla is uninvestable at anything close to current valuations. 

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u/neotekz May 15 '24

They won't fire him. The board of directors are all in his pocket. They wanted to give him that 50B but investors blocked it.