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There have been millions of words written since Elon Musk announced this week that Tesla has laid off 10% of its employees — roughly 14,000 people. What does the announcement mean? Will Tesla survive? Is the EV revolution dead? Will Elon sell X and devote more attention to Tesla? No one knows the answers, but that hasn’t stopped people from expressing their opinions.
Analysts at JP Morgan said, “the sweeping $TSLA layoffs announced yesterday, amounting to a reduction in crewed production capacity, should now leave no doubt that the decline in deliveries has been a function of lower demand and not supply … has far reaching implications for the hyper-growth narrative still embedded in Tesla’s share price, suggesting material downside risk for the stock. We estimate revenue may…
Read the full article originally published at cleantechnica.com.