It is not just a means to an end, Model Y and 3 are the face of Tesla irrespective of his other business and shares.
This is last years business data:
- Tesla’s total revenue for 2023 was $96.8 billion.
- In 2023, Tesla had a market cap of $789.89 billion (103.07% higher than 2022’s $388.97 billion).
- Tesla’s GAAP income for 2023 stood at $15 billion, with a staggering $7.9 billion from the fourth quarter only.
It is a 100billion business - that is the whole of iphone business globally. Not an easy task. Just for comparison Apple services (includes revenues from apps and other services) globally collected around 70billion last year.
Elon may want to grow the stock and improve the share prices but will not risk the cars. I think the SC move was a business decision and whole of the IT world is following him with redundencies and job cuts. IT industry is going thro’ a downturn and whoever sheds the extra work force can survive and compete. Lots of companies are doing this. It is not nice but these are business decisions and fortunatelyI don’t get to make these decisions. But he has a case and others are following him.