Quote:
Originally Posted by Thekilt
Many vehicle manufacturers have been letting go of workforce in the past 6 months due to the slow update of all vehicle sales. The reason Tesla hits the news so much is mainly down to share prices. When you compare Tesla, a company which was founded in 2003 and only really started hitting mainstream with the first Model S in 2011 their shares at present are at 156USD, to companies like VW group which shares are at 120 Euros. Tesla shares buy and sell quickly, things hitting the news affects shares values which benefit the investors. I personally feel this is a good thing for tesla becuase to enable them to survive they will either have to increae their quality and reliability compared to the german rivals, or reduce price. Either is a win win.
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Tesla are only doing what any responsible board of directors would do and that's size the company to the order book. The drop in their share price was negligible, the worst things they could have done it ignore it and then post weak financial performance 12-18 months later.