Tesla has reported a 16 percent decline in automotive revenue, the largest drop in over a decade, indicating a severe crisis under Elon Musk's leadership. Musk expressed concerns about his vulnerability to being ousted by activist shareholders due to his 13 percent ownership stake in the company. His controversial actions, including engaging in political disputes and spreading misinformation, have negatively impacted Tesla's brand and contributed to the decline in sales. Despite the significant turmoil, investors and the company's board have hesitated to respond decisively to Musk's behavior.
Tesla reported a significant 16 percent decline in automotive revenue, the largest drop in over a decade. This represents a full-blown crisis under Musk's leadership.
Elon Musk expressed concern over potentially being ousted by activist shareholders, stating, 'I don't want to find I have so little control I can be easily ousted by activist shareholders.'
Critics have accused Musk of using control over Tesla as 'blackmail,' emphasizing his discomfort with developing AI without sufficient voting control.
Musk's tumultuous actions, including diving into politics and spreading misinformation, have significantly tarnished Tesla's brand and contributed to declining sales.
Collection
[
|
...
]