- After nearly six years at EV manufacturer Tesla, Matthew LaBrot said he lost his "dream job" when he demanded Musk cede the reins—a price the manager said he was willing to pay. Investors seem less worried about Tesla's EV continuing sales plummet, with the stock worth nearly $1 trillion.
Tesla stock is poised to reclaim its spot in the trillion-dollar club of global megacaps on Monday, cheering investors with highs not seen since late February. Fundamentally, however, its core business of selling EVs to car buyers has never looked more vulnerable, with jobs on the line if volumes continue to crater.
