“Some of #Tesla's institutional shareholders are getting out, convinced that the electric carmaker's days of dizzying growth are in the rear-view mirror.
@GottaLaff Tesla’s core competency - electric drivetrains and batteries, were quickly commoditisable, and every car maker can do it, or buy it off the shelf.
Tesla’s core weakness - institutional knowledge of WHY cars are designed and built the way they are, can only be acquired if a company’s management has the humility to understand standard industry practices are the result of generations of engineering geniuses improving on what came before.
@GottaLaff I still think Musk is killing them on purpose so he can move on to Starlink and SpaceX where he can both make more money and provide more leverage to the people who pushed him to destroy Twitter.
@GottaLaff Biz articles like this seem rather out of touch. They'll talk about Tesla as if their numbers are unrelated-to/unaffected-by the megalomaniac CEO's behaviour. They suggest they're a bellwether for the industry rather than acknowledge that many buyers simply don't want to traipse around the world with a big placard suggesting they support said CEO.
Meanwhile the actual industry data illustrates that their performance is actually counter to the trend…
@GottaLaff it was over two years ago, problem was Musk was convinced his cult of personality within certain group of people will carry his trough. He clearly wants to cash out and leave.