As Tesla just announced the lay off of more than 10% of its global workforce,
Elon Musk is explaining away that he’s “Preparing the company for its next phase of growth, and it’s extremely important to look at every aspect of the company for cost reductions and increasing productivity, and as part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally”.
The fact is that his acting like a jerk over the past two years has not endeared him with his core clientele that is educated, progressive and doesn’t appreciate Musk’s political statements. As a result, it has decided to quit buying its electric car from Tesla.This is as simple as that, but no Wall Street analyst has the imagination nor the courage to tell that kind of painful truth. It certainly isn’t the “medieval”, Republican, Trump-supporting public that will buy EVs, they love to breathe gasoline and diesel fumes too much for that.
Would I purchase a Tesla today? No, I’d get it from someone else. Do I still love my Tesla? Absolutely! I simply wish Toyota would buy this great company and get Elon Musk and his self-righteousness out of my world!
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