Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Musk might be purging union sympathizers

Market Wisdom

Is it Layoffs or Union Busting at Tesla?

Musk is cutting administrative fat in preparation for a sale or a merger with another automaker. At least 63 people were laid off at Tesla’s head offices in Roseville, California. If there is a buyout or merger, I would rank India’s Tata Motors (NYSE: TTM), which owns Jaguar and Land Rover as the probable candidate.

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