Tesla CEO Elon Musk sent staff, investors and electric-car watchers on a three-day rollercoaster with conflicting messages about potential job cuts, underlining the sometimes erratic nature of his leadership and muddying the carmaker’s outlook.
“Musk’s mixed message has created a lot of confusion,” said Daniel Ives, an analyst at Wedbush Securities in New York. “We believe Musk tried to send a signal to the employee base, it backfired and now he has walked back his words.” He called the saga “another bizarre soap opera.” The world’s richest person has also caused ructions with his planned $44bn acquisition of Twitter. The deal passed a US antitrust review last week but is yet to close. In May, Musk sowed doubt about his intentions when he tweeted that the deal was “on hold” while he probed how many of its accounts were so-called spam bots.
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