Always remember...layoffs come in 2 waves. The first wave is involuntary. The second wave is voluntary, as the people with talent see the handwriting on the wall and jump ship.
I think of it as a subscription service... managers shouldn't remind employees on the deals of their labor subscription. Because they could easily look at the market and decide to cancel for a more favorable labor subscription deal.
Competition caught up with Tesla's lead while Elon was too busy with his many side projects while somehow also micro-managing the company to death (e.g. Cybertruck).
He should have focused on scaling up manufacturing and driving the price per car down. But no, he had to chase the self-driving pipedream, launch a ridiculous pickup truck, and wreck the "genius" person he had built to replace with an alt-right one.
Pretty much this. Elon was never interested in what he SHOULD HAVE BEEN: making an inexpensive electric vehicle that's widely available. Tesla had the tech to do so, but they were being driven to make insane decisions like moving the gearshift to a touchscreen (gee, I love taking my eyes off the road to shift gears), or making "futuristic" doors that actually cannot physically open from the inside (whoops, guess those just can't be recalled since DOT has literally no teeth).
I wouldn't hold your breath. His worth could be decimated 50 times over and he would still be worth a billion dollars. He has enough money and will to influence politics and has a weird fan base to boot. Also, for someone who claims to be an autistic person who dislikes people, he sure seems to be a massive attention whore.
I don't foresee him fading into obscurity anytime soon, unfortunately.
The sad part is that I put my phone down for a minute to do some chores. Picked it up and for a second thought this was a different article about a different narcissistic clown that is currently on the news a lot as well based on the comment.