Yes, and it’s common for job cuts to only make things worse for companies over the following quarters. It only makes things more backed up. It only helps your stock price for this quarter.

Whatever you might think about the Cybertruck, it is sold through for at least the next year. I think they’re terrible–they look even dumber in person than in photos–but there are people who are lining up to buy one. Cutting staff does not sell Cybertrucks any faster.

A $25k Tesla EV would be a huge win, both in the US and (most importantly for the company’s bottom line) China. There are reports of it being canceled, which may or may not be true, but it does appear that Elon wants to go all in on a self driving taxi, and I don’t see that working. Even if it eventually does, it’s a huge gamble when there’s a very straightforward moneymaker sitting right there. Looks like Kia/Hyundai are happy to take that market if Tesla doesn’t want it. Meanwhile, BYD is sitting over there figuring out how to enter US and EU markets.