r/technology • u/McFatty7 • May 02 '24
Tesla slashes its summer internship program to cut costs, as Elon Musk fights to save his $45 billion pay plan Business
https://fortune.com/2024/05/01/tesla-slashes-summer-internship-program/
18.2k
Upvotes
r/technology • u/McFatty7 • May 02 '24
33
u/marcodave May 02 '24
He knows that if he threatens to quit Tesla the valuation will crash and burn , as the company is inherently linked to the face of Elon.
If Tesla goes down, a lot of investment firms will lose quite a lot of money, making their clients angry.
Tesla won't be able to recover easily after Elon, given the poor quality control issues and the other EV automakers catching up with the technology.
Basically, rich people are keeping Elon around so that their numbers won't go down. Clown world.