Tesla is having a rough 2019 so far: layoffs, kinks in production, SEC legal battles, and Elon Musk's tweets. How will the rest of the year turn out?
So on the one hand, these qualities have contributed to Tesla being much more successful than I think a lot of people would've predicted 10 to 15 years ago.But the flip side of that coin is that Tesla might have a product roadmap that is unsustainable and that Elon Musk just can't make this transition from scrappy, ambitious start-up CEO to a more measured, more disciplined CEO of a company that, now, its priority is more operations and competence than selling people on its potential.
Over the past year, Tesla has undergone three rounds of layoffs. After this first round of layoffs last June, Elon Musk said in an email, or he strongly suggested, that they're making these cuts now so they'd never have to do it again. But then in January, they made another round of layoffs, and then at the end of February and the beginning of March when they announced that they were going to close some stores, they said that would also lead to layoffs.
So over the past year, there have been three former Tesla employees who have filed whistleblowing tips with the SEC, which basically means these employees are saying that,"We have seen wrongdoing at the company, and we want the government to know about it." But now Tesla has denied all of these things, and we haven't seen any hard evidence of this, but this certainly raises questions for the company.
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