- Elon Musk said Tesla engineers may have to sleep on the line to build the company’s next-gen EV.
- Tesla workers have previously said they slept on factory floors during production ramp-ups.
- Tesla is working on a mass-market EV, which it expects to start producing in 2025.
I’m not going to be shorting TSLA. I’m a firm believer in the adage that the market can remain wrong longer than you can remain solvent.
I really do feel like the blush is off the rose, though. I think Elon lost it sometime during the Model 3 supply chain fiasco, and that his very public decline has been accelerating ever since.
I just don’t know what happens to Tesla once this too fails. Virtually all of their valuation is based on the Trump-level hype machine that is Elon, so getting rid of him will crash the stock like a Tesla in self driving mode. On the other hand he’s very publicly circling the drain.
i wouldn’t wager on that stock one way or the other… he manipulates the hell out of the price, and either way your money depends on a madman…