Tesla is coming under intense competition and Musk is cashing out at the top.
Retroactively cashing out at the top twice over: he already sold at the top to buy Twitter, dragged that cash into the street, and set it on fire. This is a mulligan on the Twitter disaster.
Just don't ask how the solar shingles are doing because he already skated past the shareholder suit about bailing out family members with Tesla's money.
Cuts 10% of staff and immediately starts pushing for a $56bn pay package