As expected they are struggling with the dichotomy of pretending they are a tech company making cars (with associated sky high valuation and expectations of exponential growth in perpetuity) and the reality that they are a decent but not spectacular auto manufacturer (in which case stock valuation is completely insane). Whacking a ton of payroll gives a temporary spike in earnings so you can say profit grew this quarter (and get executive bonuses).not looking good for Tesla…
Tesla Quietly Removes All U.S. Job Postings
It sure looks like Tesla has a hiring freeze after weeks of "hardcore" layoffs.gizmodo.com
Apparently they cut a bunch of the supercharger maintenance team too. That is a real head scratcher that could quickly spiral.
FWIW, I drove past a supercharger station in Barrie a few times on the weekend. About eight bays and both times they were full of blah. Tons of 3/Y with a token S. It reminded me of bike night circle jerks with the owners congratulating each other on their choice.