Elon Musk - Could He Become the "Next Leon Black?"

 Right now (noon ET) Tesla stock is at 709.98. That's down 65.02 or 8.39%. The 52-week high had been 1243.49.

So, Musk watchers are wondering if his "super bad feeling" about the economy also includes Tesla. It might.

As TechCrunch reports from leaked documents Musk told managers at Tesla to prepare for 10% job cuts. He has also become tough on RTO. Essentially he said, all employees must be in the office 40 hours a week - or leave. In addition, he mandated that those in charge nurture a visible presence. 

Maybe Tesla investors are rooting for Musk. Or maybe they are developing short positions.

Many of the rest of the us have come to dislike this guy who sucks up all the oxygen.

He has disrupted the employment security of Twitter employees. They have no idea what to expect. If they are laid off they are entering a glut market for tech skills.

And his model of leadership/management teaches us lessons of what not to do. 

Yes, Musk has the power of wealth. But there are limits to that power.

For instance, Davos Man, built on wealth, has become an anchronism. And, according to the new book by Peter S. Goodman - "Davos Man" - the entity has become a downright pest. Always pontificating about making the world better. The book ranks high on Amazon - 21,869.

And what about Leon Black? According to one count, his net worth is $9.232 billion. But he can't catch a break in media. Every story is a hatchet job. Likely his wealth can't buy him a comeback. Weath isn't currency in every market such as in public opinion. 

Musk could find himself "finished." There could be a collective sigh: good riddance. 

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She helps businesses tell their unique stories. 

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