this post was submitted on 23 Aug 2023
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead (finance.yahoo.com)
submitted 1 year ago by L4s to c/technology
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Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[–] stevehobbes 47 points 1 year ago* (last edited 1 year ago)

Probably not. Tesla is very dysfunctional as an org. He flattened it so much, and hasn’t appointed a real leader, while he’s distracted I bet they’re basically in a holding pattern.

He motivated them by setting insane goals then driving them insanely hard and sleeping in the office and shit.

If he’s not doing that, the company is, pardon the pun, on autopilot. Watch out for stopped emergency vehicles.