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Yes - the context is different. Current context is low sales, lower margins, lots of competition, falling stock price. In 2018, it was restructuring. In 2019,
by thecupisblue 3y ago
Yes - the context is different.
Current context is low sales, lower margins, lots of competition, falling stock price.
In 2018, it was restructuring.
In 2019, it was "profitability cuts".
In 2022, it was "elon has bad vibes about economy".
Now, in 2024, Tesla is 1.5x the employee size than in 2022, but does 2x the employees cut, after failing to reach targets and amid high market pressure.
Do the math.