Tesla laid off at least 10 percent of its workforce earlier this month, and in typical Tesla fashion, the Texas-based automaker made sure the layoffs were done in an organized fashion with plenty of communication and a clearly defined strategy. Just kidding. The layoffs were so poorly executed that security was forced to scan employees’ badges at the door to figure out who had been laid off. And, apparently, that included a guy who had taken to sleeping in his car and showering at the factory so
The market being stupid doesn’t change the fact that they are a manufacturing company. The fact that they can convince people to repeat this nonsense is how they keep the market stupid. Keeping the market stupid is how they continue pumping cash to stay afloat.