01/30/2024

Five Leadership Lessons from Tesla's 25 Percent Stock Plunge

Musk's mistakes have cost investors a sizable sum

Tesla CEO Elon Musk has presided over a $200 billion drop in the company's stock market value so far this year during which time the tech-heavy Nasdaq index rose 5 percent.

Tesla's latest results reveal the electric vehicle maker is falling short of its growth goals - it shipped 1.8 million cars, missing the company's 50 percent growth target. What's more, Tesla abandoned its practice of providing annual forecasts for vehicle shipments - leaving analysts to predict 20 percent growth this year, noted Bloomberg.

Here are Musk's five most urgent lessons for leaders about what not to do when your company gets into trouble.

Please select this link to read the complete article from Inc.