DETROIT - Elon Musk's abrupt decision to lay off employees who ran Tesla's electric vehicle charging business blindsided automakers gearing up to equip new EVs for customers to use the Tesla Supercharger network, industry officials and analysts said on Tuesday.
"There's no way Mr. Musk would walk away from effectively free money. It may be possible Mr. Musk will reconstitute the EV charger team in bigger, badder, more Muskian way." "In this layoff, nothing is off the table," Wedbush Securities analyst Dan Ives said. "Musk is trying to send a signal internally that the difficulty that Tesla is going through, they're going to have to make tough decisions. It shows there is serious cost focus."
More traditional automakers might hang on to a business that promised steady revenue and near-continuous data exchanges with customers, analysts said. But Musk could take a Silicon Valley entrepreneur's view that charging is a legacy business that could be streamlined or even divested. Giorgio Viera/AFP via GettyAfter weeks of bellyaching and carrying on about how he would “not be allowed” to take a day off from his criminal hush-money trial to attend his 18-year-old son Barron’s high school graduation, Donald Trump will, in fact, be permitted to go, Judge Juan Merchan said Tuesday. Following the first day of proceedings earlier this month, Trump lambasted Merchan, ranting, “t looks like the judge will not let me go to the graduation of my son.
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