Despite some analysts who believe Tesla stock will make a comeback — and there are those even suggesting a bull run — some employees (who already have sold their stock) don’t have the same perspective.
According to Business Insider, Musk is telling workers in Texas to take a week off:
Tesla told Austin workers on its Model Y and Cybertruck lines to stay home for the week of Memorial Day, three workers told Business Insider.
The break is unusually long, the workers said. Production lines were up and running during the same period last year, they said.
The electric vehicle maker notified employees earlier this week. The workers, who are paid hourly, were told they could either take paid time off or come in for cleaning and training but would not be working on the production line.
The workers said their schedules had been increasingly inconsistent since February. Some said they had been sent home early on multiple occasions.
So, what could have happened between December and May that might have triggered the collapse? Here’s The Guardian’s guess:
Never before has the world’s richest person been deputized by the US president to cull the very agencies that oversee his businesses. Musk’s attempts to radically dismantle government bureaus have won him sprawling influence. His team has embedded its members in key roles across federal agencies, gained access to personal data on millions of Americans and fired tens of thousands of workers. SpaceX, where he is CEO, is now poised to take over potential government contracts worth billions. He has left a trail of chaos while seeding the government with his allies, who will probably help him profit and preserve his newfound power.
Sounds about right.
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