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    Home»Stock»Lucid’s CEO has some harsh words for Tesla’s “distracted” leadership.
    Stock

    Lucid’s CEO has some harsh words for Tesla’s “distracted” leadership.

    msmarkBy msmarkMay 30, 2024No Comments3 Mins Read
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    Clear (LCD) CEO Peter Rawlinson has just expressed some of his frustrations with the individuals behind some of Tesla’s companies (TSLA) Latest business decisions.

    The millionaire executive, who previously worked for Tesla as a chief engineer, made the claim in a new interview on the BBC’s recent Wake up to Money programme. Podcast He said in an episode that he sees a “worrying trend” in Tesla, which is headed by Elon Musk.

    RELATED: Elon Musk backs away from a difficult Tesla decision he made weeks ago

    “I really appreciated my time at Tesla. I was there for three years from 2009 until 2012. At that point, Tesla was really at the forefront of developing the most advanced technology with clarity of vision and purpose and absolute singularity of mindset,” Rawlinson said during the interview. What “What I see now is that I see a worrying trend toward some kind of distraction.”

    Rawlinson went on to state that Tesla is “losing its way” due to the company’s focus on other interests.

    “There’s an interest in social media, and even politics, that’s kind of lost,” Rawlinson said. “I don’t see it as having that unique sense of purpose, and I think it’s on Lucid to take technology to a whole new level now.”

    Rawlinson’s criticism comes after Elon Musk’s 2022 purchase of Twitter, which is now known as original responsible for doing so) and unbanning Right-wing extremist accounts on the platform.

    Elon Musk, CEO of X and Tesla, arrives for the Senate Bipartisan Artificial Intelligence (AI) Forum held at the Kennedy Caucus on Capitol Hill on Wednesday, September 13, 2023, in Washington, DC.

    The Washington Post/Getty Images

    Musk is also involved in a series of… Lawsuits Of former Twitter employees who claim they were fired after raising concerns about some cost-cutting steps taken at the company.

    Many advertisers have them too Leave X late last year after Musk He supported An anti-Semitic conspiracy theory on the platform, which formed a to threaten to the company’s revenues.

    Amid Twitter’s difficult transition to X under Musk, Tesla is also facing a few headwinds of its own. Tesla placed on More than 10% of its employees were fired last month due to “rapid growth” and “duplication of job roles and tasks” after reporting an 8.5% year-on-year decline in car sales in press release Announces first quarter earnings of 2024.

    “The decrease in volumes was due in part to the early phase of the upgraded Model 3 production ramp at our Fremont plant and plant shutdowns resulting from shipping diversions caused by the Red Sea conflict and the arson attack at Gigafactory Berlin,” the press release said. .

    More EV business:

    • Tesla makes another harsh last-minute decision, much to the frustration of the students
    • Forget Tesla Supercharging, Polestar’s new charging technology can charge even faster
    • Electric vehicles have a problem that Ford’s partner aims to solve

    RELATED: Veteran Fund Manager Picks Favorite Stocks for 2024

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