Tesla’s share of China’s EV market shrank to just 3.2% in October, down sharply from 8.7% the previous month and its lowest in more than three years.
Tesla’s poor performance in the world’s largest auto market follows dismal sales last month in European countries such as Germany, Spain, the Netherlands, and the Nordics, in the latest sign that it continues to struggle on the continent.
I have heard that the Tesla board is stacked with people who Elon personally chose. So that is why they constantly give him money and basically do not act anything like a public company. I suspect they are all stealing from the company’s shareholders.
So just firing Elon is not enough. The board needs to be completely replaced, and the new board needs to file the biggest lawsuit in history against Elon and the former board members. That’s really the bare minimum for Tesla to recover.
But most likely, the company simply needs to go under and let some other company buy their IP.