Elon Musk Has Buried Tesla With A Single Tweet

|
About: Tesla, Inc. (TSLA), Includes: TM
by: John Engle
This article is exclusive for subscribers.
John Engle
Value, special situations, Deep Value, Growth
Summary

On April 13, Tesla CEO Elon Musk tweeted an acknowledgement that Tesla had over-automated its production lines and underestimated the value of human workers in auto assembly.

This revelation was unsurprising to auto industry experts, who have been making that very observation for years.

Musk has been a champion of ever greater automation and the “productizing” of vehicle manufacturing facilities; the reversal of tone goes back on years of statements.

With the supposed increased efficiency and margin improvements from full automation no longer on the cards, Tesla’s future looks increasingly bleak.

Elon Musk, CEO of Tesla (TSLA), made a big admission on the afternoon of April 13th. Apparently channeling the Friday the 13th horror spirit, Musk announced via tweet that the