Musk everywhere. On Tesla, on Twitter, on Crypto. The man is a genius, but can he split into so many activities. If I was an investor in Tesla and the investment was due to Musk’s genius and management I would be worried – he’s not really just running Tesla. He mostly manages what he wants and it means several things at the same time. This is also the concern of Tesla investors in light of the deal to acquire Twitter. They also fear that he will be forced to sell Tesla shares to finance the deal but mainly due to the attention he will turn to the new baby.
Yes dismissals or no dismissals?
An internal email from Musk was published yesterday in which he writes to Tesla executives that he has bad feelings about the direction of the economy, he demands the recruitment freeze and also starts a move to reduce employees by up to 10% of the company’s workforce (expand here).
But, that statement knocked the stock down and was also a big catalyst for a fall in the market. Tesla shares lost close to 10%. Perhaps due to the fall, Musk changed direction 180 degrees and said that the total number of Tesla employees currently employing 100,000 workers will increase in the next 12 months, although the amount of workers receiving a fixed salary will remain virtually unchanged.
Do you believe him? Are his mouth and heart equal? Chances are good that what drives Musk is the stock price. The important thing to take from the other statements is his bad feeling about the economy.
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment