Tesla’s Value Is Crashing Like a … Well, Like a Tesla

Electric vehicle manufacturer Tesla announced Monday that it will be laying off more than 10 percent of its global workforce—at least 14,000 employees—following a catastrophic first quarter, in which the company missed delivery estimates and suffered a year-over-year reduction in sales.

“As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally,” Musk wrote, blaming the cuts on redundancies in a leaked memo to employees first obtained by Electrek. “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.”

While it’s unclear which teams will be most significantly affected by the layoffs, news of the cuts came hand in hand with resignations from some of the company’s top talent.

“I made the difficult decision to move on from Tesla after 18 years yesterday,” Andrew Baglino, Tesla’s senior vice president for energy engineering and powertrain, wrote on Monday. “I am so thankful to have worked with and learned from the countless incredibly talented people at Tesla over the years.”

Stock traders were quick to observe, however, that Baglino had been offloading millions of dollars’ worth of Tesla stock each month for the last several years.

Rohan Patel, Tesla’s vice president of public policy and business development, also put in his two weeks’ notice after the automotive giant announced the cuts, writing his thank-yous to the company’s customers, his fellow employees, his parents, former President Barack Obama, and Tesla’s CEO, Elon Musk.

“The past 8 years at Tesla have been filled with every emotion—but the feeling I have today is utmost gratitude,” Patel posted on X.

Tesla has been struggling with complaints stemming from myriad issues with its car models, as well as with its latest release, the Cybertruck. The company froze Cybertruck sales on Monday after it was reported that the vehicle’s gas pedal cover had become dislodged, pinning itself against the floor for at least one customer. In 2022, complaints related to the Tesla’s misadvertised driving range became so pervasive that the company developed a secret “Diversion Team” to suppress the noise.

Tesla will deliver its quarter one report on April 23. “Analysts estimate that Tesla will still turn a profit of around 50 cents a share, down from 85 cents a share in Q1 2023,” reported Electrek.

For all of the insults Donald Trump and his fellow Republicans like to lob at President Biden over his energy levels, perhaps he should look in the mirror.

As his hush-money trial in Manhattan started Monday, the former president seemed to be sleeping, according to New York Times reporter Maggie Haberman, who was present in the courtroom.

“Trump didn’t pay attention to a note that his lawyer Todd Blanche passed him. His jaw kept falling on his chest and his mouth kept going slack,” Hagerman told CNN.

It’s pretty ironic behavior for someone who has long mocked his presidential election opponent by calling him “Sleepy Joe.”

Before the trial began this morning, Trump characteristically took to his Truth Social account to attack presiding Judge Juan Merchan and Biden and complain about the gag order against him.

Trump is accused of paying off adult film actress Stormy Daniels to cover up an alleged affair before the 2016 presidential election. He is charged with 34 felony counts for allegedly falsifying business records with the intent to further an underlying crime.

Republicans aren’t likely to acknowledge Trump’s dozing, and plenty of them don’t have room to talk. When Biden repeatedly demonstrates his mental sharpness before national audiences, they try to explain it away with some ridiculous excuses. Meanwhile, Trump keeps making verbal gaffes and going on nonsensical rants whenever cameras are on, as recently as a Saturday rally in Pennsylvania.

The Supreme Court’s inaction has effectively abolished the right to mass protest across three states, allowing a lower court’s ruling to seemingly infringe upon the Constitution’s First Amendment.

The nation’s highest court decided Monday not to hear Mckesson v. Doe, leaving in place a decision by the Fifth Circuit Court of Appeals that punishes protest organizers with extreme financial consequences if even one participant commits an illegal act. The decision, which now stands as law in Texas, Mississippi, and Louisiana, makes it dangerous and practically impossible to organize mass protests.

The case questioned whether DeRay Mckesson, the leader of a 2016 Black Lives Matter protest in Baton Rouge, Louisiana, could be held liable for negligence after an unidentified member of the march threw a rock at a police officer’s face, seriously injuring him.

But the high court’s decision not to take up the case does not necessarily mean that it agrees with the constitutionality of the lower court’s ruling. In a brief opinion, Justice Sonia Sotomayor pointed out that even though the court denied a review, “its denial today expresses no view about the merits of Mckesson’s claim.”

Instead, Sotomayor believes that another monumental decision by the court last year in Counterman v. Colorado—which looked at whether statements could be considered free speech if they were threatening in nature—should inform a review of Mckesson v. Doe in lower courts.

“In Counterman, the Court made clear that the First Amendment bars the use of ‘an objective standard’ like negligence for punishing speech,” she wrote. “Although the Fifth Circuit did not have the benefit of this Court’s recent decision in Counterman when it issued its opinion, the lower courts now do. I expect them to give full and fair consideration to arguments regarding Counterman’s impact in any future proceedings in this case.”

Mckesson was, ultimately, unsatisfied with the decision, lamenting the need to return to district court for a renewed opinion.

“Today, the Supreme Court did not grant cert in my case. This has been going on since 2016. And now we go back to the District Court,” he wrote on X. “This has been endless.”

Donald Trump tried to recount some history for the crowd during a weekend rally in Pennsylvania—but he didn’t seem to know what he was talking about.

“Gettysburg, what an unbelievable battle that was. The Battle of Gettysburg,” the former president said Saturday. “What an unbelievable―I mean, it was so much and so interesting, and so vicious and horrible, and so beautiful in so many different ways.”

As he spoke further, Trump even drew confused looks from his audience of supporters.

“The statement of Robert E. Lee―who’s no longer in favor, did you ever notice that?” Trump continued. “No longer in favor―‘Never fight uphill, me boys, never fight uphill.’ They were fighting uphill. He said, ‘Wow, that was a big mistake.’ He lost his great general, and they were fighting. ‘Never fight uphill, me boys!’ But it was too late.”

Leaving aside the incoherence, speaking about a Confederate general in a weird, favorable way also sets off some red flags.

Was it because Lee was an insurrectionist?

And it’s not even the first time: In 2020, Trump also praised Lee and cited the made-up quote about fighting uphill.

But mostly, people just couldn’t believe how incoherent Trump sounded, even for Trump, with author James Surowiecki describing the speech as a “bizarro history lesson.”

Does Trump know that much about American history? Seven years ago, he had some odd words about nineteenth-century abolitionist Frederick Douglass being “recognized more and more.”

Maybe it’s yet another example of his cognitive decline. Trump has said he wants to deport U.S. citizens, can’t give a straight answer about TikTok, claimed that migrants at the southern border speak languages no one can understand, and, when called out about his gaffes, says he’s just being sarcastic.

Perhaps he needs to pay a visit to the actual battlefield—although he’d probably say something even more insane.

The Republican Party is all in on Donald Trump, so much so that at least one representative is trying to sway his legal proceedings.

Ahead of the start of the Republican presidential pick’s first criminal trial on Monday, Representative Byron Donalds pleaded with the people of Manhattan to give his party leader a break.

“My plea is to the people of Manhattan that may sit on this trial: Please do the right thing for this country,” the Florida congressman told Newsmax. “Everybody’s allowed to have their political viewpoints, but the law is supposed to be blind and no respecter of persons. This is a trash case, there is no crime here, and if there is any potential for a verdict, they should vote not guilty.”

Donalds’s appeal is indicative of a new wave of opinion within the conservative party—that is, a complete disregard for not just Trump’s 91 criminal charges but also their outcome. According to The Daily Beast, just one in 20 interviewed GOP lawmakers showed concern with the possibility that their nominee for the White House could be a convicted felon, instead referring to the proceedings as “frivolous.”

“You get an alleged conviction on BS charges in front of a judge that is not impartial and that’s supposed to sway my mind?” Donalds told the Beast. “Man, I’m bigger than that. I don’t worry about that kind of stupid stuff.”

Other lawmakers, such as Ohio Senator J.D. Vance, completely threw the judicial system under the bus, blaming Trump’s woes—which also include repercussions for bank fraud, sexual abuse, election interference, hoarding classified documents at Mar-a-Lago, and more—as the failures of another pillar of government.

“I’m very uncomfortable with the weaponized justice system,” Vance told the outlet. “I couldn’t care less what a weaponized justice system says. Ultimately, it’s not going to change my vote. I don’t think it’ll change most Americans’ votes.”

The only outlier was Utah Senator Mitt Romney, a longtime Trump critic who is leaving Congress at the end of his term. He told the Beast that the implications of having a convicted felon as president were “not good”—still, he didn’t believe that a conviction would “make any difference at all” to Trump voters.

“He will once again say, ‘This is all political,’” Romney told the outlet. “And they will dutifully follow.”

That appears to extend to Trump’s acolytes in Congress, as well.