The article starts with "Elon Musk has shut down the division that runs Tesla’s Supercharger business, dismissed two senior executives and fired hundreds more staff as the electric-car maker continues its restructuring amid a sharp downturn in the EV market." I was thinking, "sharp downturn in the EV market?" So I looked up some stats and found "US EV sales reached 1,119,251 in 2023, up from 760,329 in 2022, 462,247…
So it's not that adoption as a whole is in trouble but more that any one ev maker is going to find it harder to make a lot of sales at the moment.
And it's definitely the case that a big chunk of tesla stock value was tied up with elons brand which is looking more like a problem than a benefit these days.