Is the Cybertruck killing Tesla? Tesla's only product launch in the last six years has used up tremendous resources and is still not ready for prime time. The Cybertruck is struggling to sell to ardent fans at its current price. Tesla's future is tied to robotaxis that may or may not be put into service this decade. With Chinese competition on the rise, Tesla has a million reasons to be concerned. #ElonMusk is just one of them. #EV #Cybertruck Read more: https://lnkd.in/ggyjBP2F
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The truck was one of the first big mistakes they have made in years.
Opps we did it again ...Main models haven't been updated in years, Cybertruck a flop. twitter in the drain. Should we innovate and focus on core business, and stop blabbin nonsense on twitter...nah lets just throw team members overboard, problem solved! After all "I know more about manufacturing then any other living person in the world...."
You know it's bad when the market responds to layoffs with a stock dip. Normally a layoff of this scale juices the price for at least a day or two...
I believe that layoffs may lead to employee unrest and an unstable work environment, and may also affect the company's productivity and ability to innovate. It may also damage Tesla's reputation and brand image, which in turn may affect the company's market position and growth prospects.
Until you can charge the car in the same time as filling up a tank of gas and have the same range, EVs will never be as popular. There is a place for EVs in short commutes where you are charging at home and not concerned about the timeline.. Also, what are you going to do with all the batteries that need to be replaced? Environmentalists want to know!
This shows that the Toyota pivot to hybrid as opposed to an all EV push was an insightful decision.
The Cybertruck is a product for a market that existed 5 years ago. EV’s are expensive and impractical in their current form. A low cost Model T like EV would be the only thing that would drive EV sales currently.