Now, Tesla faces an existential threat. Sales and profits are falling, competition is increasing, particularly from China, and drastic cost-cutting measures include staff reductions and simplified car builds. As Tesla struggles with market pressures, leadership and strategic challenges persist, raising concerns about the company’s direction and stability.
Source: https://www.coindesk.com/markets/2024/05/06/elon-musk-will-likely-remain-tesla-ceo-and-tweet-non-stop-prediction-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines