Tesla Brain Drain
Fred Lambert, writing for Electrek: Tesla painted a very different picture just two years ago. At its 2024 shareholder meeting , it showed this slide of its lineup: the Model 3, Model Y, Model S, Model X, Cybertruck, and Semi, plus three vehicles under covers that Musk said were “going to be pretty special.” Of the five consumer vehicles on that slide, three are now dead or on their way out.…
Tes<sub>la</sub>'s once ambitious lineup has seen a significant portion of its consumer vehicles disappear or face imminent demise, according to Fred Lambert of Electrek. In 2024, the company showcased its five consumer vehicles on stage at its shareholder meeting – the Model 3, Model Y, Model S, Model X, Cybertruck, and Semi – with three of these models now discontinued or on their way out.
At Tesla's Investor Day held at Giga Texas on March 1, 2023, Elon Musk chose to showcase more than a dozen executives instead of the usual spotlight on himself. This rare move for a company often criticized for being led by a single individual aimed to demonstrate Tesla's significant bench strength. Musk stated on that day, "We've obviously got significant bench strength here."
However, the reality appears to be quite different. Out of the 14 executives that Musk presented at Investor Day, seven have since departed. This turnover raises questions about the company's stability, especially considering the fact that Tesla is currently the 11th-largest market cap company in the world. With only two vehicles currently in production, the situation seemingly contradicts Tesla's initial grand plans.
Written by urgent.news from Daring Fireball's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
