When Tesla releases its first quarter earnings this afternoon, the company’s CEO Elon Musk will field the usual questions about new products, new factories, and progress toward its futuristic vision of self-driving cars and robot workers. But Musk will also face increasingly urgent questions about its current state of affairs — and why everything seems to be going to shit.
Earlier this month, the company reported its first year-over-year sales drop in four years, a sign of rougher waters ahead. Tesla’s stock has fallen more than 40 percent since the start of the year, including a 13 percent drop in the last week. The company laid off over 14,000 employees last week, 10 percent of its global workforce — which could end up being closer to 20 percent when all’s said and done, according to Bloomberg. Today’s earnings report is expected to include Tesla’s lowest profit margins in six years, a sign that rampant price-cutting continues to exact a toll.
It’s weird, because in many ways he could’ve been viewed as a champion of the left. He owns one of the largest brands in “sustainable” travel, owns a space company, and has money to burn.
I think he probably had a mental breakdown a few years ago, and that what we’ve seen is from him is basically untreated mental illness, exacerbated by being pals with the likes of Rogan and Chappelle, two guys that can handle fame and not give a fuck.
But things could’ve been very different if he weren’t such a cunt.
He comes from a South African Apartheid family that got rich with blood diamonds. Can’t expect much more from that than a white nationalist.