LaffyApr 30, 2024

#WompWomp

#Tesla to lay off everyone working on Superchargers, new vehicles + getting rid of public policy team, despite robotaxi ambitions.

"Customers not turned off by #Musk's antics instead are losing interest w product lineup of 2 EVs that are ancient in car years (the Models S and X) & 2 EVs that are merely old (the Models 3 and Y)..Any other automaker would have 2nd-gen Model 3 ready to go either this yr or next, but at Tesla, the product pipeline is empty"
https://arstechnica.com/cars/2024/04/tesla-to-lay-off-everyone-working-on-superchargers-new-vehicles/

Tesla to lay off everyone working on Superchargers, new vehicles

Tesla is also getting rid of its public policy team, despite robotaxi ambitions.

Ars Technica
Show thread𝐿𝒢𝓃𝒢 "not yet begun to fight"Apr 30, 2024

@GottaLaff anyone with investments in Tesla as a company needs to ask themselves why Elon Musk decided to make huge cuts in the only portion of the business that was profitable, rather than spinning off the Supercharger technology into its own company, or selling it.

Because there are two possible answers, and neither one of them is good news.

Show thread𝐿𝒢𝓃𝒢 "not yet begun to fight"Apr 30, 2024

@GottaLaff and in case the above wasn't clear enough, the two possible reasons are:

1. The technology isn't, actually, that profitable, a fact which he could be attempting to hide from investors

2. He's gutting the company in preparation for a pump-and-dump where he makes millions and investors are left holding the bag

Show thread𝐿𝒢𝓃𝒢 "not yet begun to fight"Apr 30, 2024
@GottaLaff and don't forget secret hidden option #3 where the real answer is yes, both.
Show threadBruce Elrick

@Lana @GottaLaff

A class action from shareholders would be entertaining in the same way as Trump's multiple trials are entertaining.

Apr 30, 2024 at 8:39pmWeb