Here’s Musk two years ago:
“Never settle an unjust case”. That means the case they just settled was a just case. They did something wrong and they knew it.
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@manch implies not making EVs is giving up a highly profitable business. If it is so, why is Tesla laying off people. Business is so good that Elon wants to layoff people (and keep reducing price of its cars)? Or it is a bad business with low margin and many competitors that Tesla needs to keep reducing the prices of its cars and layoff employees to stay afloat? If it is the latter, what is the wisdom of making an EV (i.e. go into the EV business)?
Btw, for ill-informed bloggers like @manch, making an EV is not difficult. Running a sustainable profitable business long term is hard… look at Rivian and Lucid. Look at Tesla, already having difficulties in selling EVs.
Canoo bucked the trend up 18% today. A few more days like this and I’ll be even 
People celebrated Tesla’s move to Austin couple years back, saying it will be a huge plus to local economy.
So what happens now when Tesla goes to crap and lays off people?
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My little theory still holds true. Companies moving out of CA to lower cost locales are usually on their way down.
Update on the stock performance since the move:
From $352 to $157, 56% drop since Tesla moved out of California to Austin, Texas.
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Just talking to myself
Did RIVN also move to Texas?
This “Robotaxi” from Musk sounds like Facebook’s “Metaverse”/Meta/VR moment.
Right now FB’s VR push is IMO gone and now it’s “transformed” itself to a Generative AI company. 
Finally reveal his real losses once he made them back.
So worth of his stock portfolio is about $8-$10 million.
