Tesla Turmoil: Musk's Robotaxi Dreams Spark Chaos
- Elon Musk's bold robotaxi vision sends Tesla into turmoil, with stock plummeting and key staff departing. Uncertainty looms as focus shifts from electric cars to autonomy.
Elon Musk's ambitious plans for a Tesla robotaxi service have plunged the company into chaos, with the stock sliding over 40% and key managers leaving. Musk has prioritized the robotaxi concept over a cheaper electric car, leading to confusion and uncertainty among employees, investors, and analysts. The company is expected to report a 40% plunge in operating profit and its first revenue decline in four years.
Musk has ordered the company's biggest layoffs ever, with more than 10% of the workforce expected to be let go. He is pushing for Tesla to focus on autonomy and the robotaxi, despite concerns about regulatory approval and the lack of infrastructure. The shift in strategy has left investors and employees questioning the company's direction and future prospects.
Is Elon Musk's focus on robotaxi service causing chaos at Tesla?
- Musk's focus on the robotaxi service has caused chaos at Tesla, with the stock sliding over 40% and key managers leaving.
- The prioritization of the robotaxi concept over a cheaper electric car has led to confusion and uncertainty among employees, investors, and analysts.
- The company is expected to report a 40% plunge in operating profit and its first revenue decline in four years.
- Musk has ordered the company's biggest layoffs ever, with more than 10% of the workforce expected to be let go.
- Despite concerns about regulatory approval and the lack of infrastructure, Musk is pushing for Tesla to focus on autonomy and the robotaxi.
- The shift in strategy has left investors and employees questioning the company's direction and future prospects.
