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Dwindling Sales Force Tesla to Shift to Internal Combustion Cars by 2025
May 02, 2024

"I fired most of the EV employees anyway..."

AUSTIN—Tesla CEO Elon Musk announced a significant shift in the company's strategy, a departure from electric vehicles (EVs) to internal combustion engine (ICE) cars by 2025. This follows several rounds of layoffs affecting numerous departments within Tesla and a noticeable decline in sales, prompting Musk to prioritize his personal financial stability over environmental concerns. Musk's statement, "I've done enough for the environment, what about my money?!" underscores the financial pressures facing the company and it's priorities.


The decision marks a stark departure from Tesla's founding principles, which revolved around sustainability and reducing reliance on fossil fuels. Despite its success in the EV market, Tesla has struggled to maintain profitability, especially as competition in the electric vehicle sector intensifies.


Industry analysts have expressed mixed reactions to Musk's announcement. Some see it as a necessary step to ensure Tesla's financial viability, while others view it as a betrayal of the company's environmental mission. Nevertheless, Musk remains confident in Tesla's ability to succeed in the ICE market stating, "I fired most of the EV employees anyway and it should be much easier to build an ICE car. It's been done for so long and I'm a genius."


As Tesla prepares to make this dramatic shift, the future of the company hangs in the balance. Whether it can successfully transition to ICE vehicles and maintain its position as a leader in the automotive industry remains to be seen. However, one thing is clear: Nothing stands in the way of Elon's money—not employees, and certainly not the environment.

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