• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO

1

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

3

Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Elon Musk

Tesla manager claims he was fired for warning Elon Musk is at fault for tanking EV sales

Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
Christiaan Hetzner
By
Christiaan Hetzner
Christiaan Hetzner
Senior Reporter
Down Arrow Button Icon
May 12, 2025, 8:02 AM ET
U.S. President-elect Donald Trump and Elon Musk watch the launch of the sixth test flight of the SpaceX Starship rocket on November 19, 2024 in Brownsville, Texas.
The future looks bright again for Tesla CEO Elon Musk now that his stock is poised to reclaim its trillion dollar market cap status.Brandon Bell—Getty Images
Add Fortune on Google for similar content.
  • After nearly six years at EV manufacturer Tesla, Matthew LaBrot said he lost his “dream job” when he demanded Musk cede the reins—a price the manager said he was willing to pay. Investors seem less worried about Tesla’s EV continuing sales plummet, with the stock worth nearly $1 trillion.

Tesla stock is poised to reclaim its spot in the trillion-dollar club of global megacaps on Monday, cheering investors with highs not seen since late February. Fundamentally, however, its core business of selling EVs to car buyers has never looked more vulnerable, with jobs on the line if volumes continue to crater.

Recommended Video

With a second straight year-on-year sales decline now looking increasingly likely for the second quarter after very weak April demand, one employee claims he was recently fired for sounding the alarm. Matthew LaBrot, a manager tasked with training sales and delivery teams, wrote that the only way for Tesla to grow and thrive is to remove Musk from the corner office.

While he knew this act of insurrection would mean his termination, he argued losing his “dream job” after nearly six years at the company was a price he was willing to pay.

“I believe in Tesla’s mission more than I fear its CEO,” he wrote in a LinkedIn post on Friday that blamed his termination on calling for Musk to step down.

The company did not respond to a request by Fortune asking whether this was in fact why he was fired.

In LaBrot’s mind, the CEO has done irreversible damage through his time leading DOGE, a project initially designed to last well into 2026. Instead of a successful end on July 4 next year, a gift to taxpayers coinciding with the 250-year anniversary of the nation’s founding, it’s quietly faded into the background much earlier amid non-stop controversy. 

‘People no longer want to associate with Elon’

Even before it began, DOGE promised to target a $6.6 billion federal loan extended to Rivian, a direct competitor of Tesla. Once in place, Musk’s team have targeted federal agencies and senior staff tasked with overseeing Tesla, SpaceX and now xAI as well.

LaBrot’s LinkedIn post links to a website entitled “Tesla Employees Against Elon”. It argues Musk himself is to blame for the plunging sales, suggesting that the announcement he is returning to Tesla cannot help the brand. 

“People no longer want to associate with Elon. That’s it. That’s the truth,” the site argued, citing the 9% drop in U.S. sales of Tesla cars while the country’s overall EV market grew 11% in the first quarter.

There is little doubt that Musk’s time at DOGE has done damage to the Tesla brand—otherwise President Trump likely wouldn’t take the unusual step of declaring vandalization of Tesla property an act of political terrorism punishable with 20 years behind bars. JPMorgan argued the brand damage was unlike anything it had ever seen in the auto industry.

But the scale of it is unclear, since part of it stems from legitimate and inevitable reasons. A changeover to a newer version of its best-selling Model Y that accounts for two-thirds of its car sales helps explain in part why Tesla is being left behind as the overall EV market grows. This could potentially still reverse once all versions and configurations are broadly available.

Nor can anyone reasonably predict how lasting the damage may be now that Musk is leaving DOGE. Investors no longer seem so concerned: the stock has risen by more than a third since he confirmed late last month he would dial back his DOGE commitments.

Musk shifts blame over mismanagement onto his dedicated employees

Shares in the company are now set to open 7.5% higher at $320 on news that a tariff pause with China has been reached over the weekend. Even its stock chart looks promising, with the price finally breaking above its 200-day moving average, typically interpreted as a bullish technical indicator.

It’s unclear how many employees out of the over 125,000 worldwide think similarly. Neither LaBrot nor Tesla Employees Against Elon responded to a request by Fortune for comment outside of normal hours.

But LaBrot’s protest does indicate an important fact. One of Musk’s greatest leadership traits is his ability to convince people working for him to go the extra mile since his goals and aspirations align with theirs. By embracing a Trump administration hostile to Tesla’s own mission of accelerating the advent of sustainable mobility, Musk risks tearing up this social contract with those in his workforce that sought to make a difference in the climate crisis.

LaBrot’s site even argues Musk has thrown his dedicated employees under the bus by implying they were the ones to have mismanaged the company in his absence.

“Elon’s recent claim that he is ‘refocusing’ on Tesla is not only tone-deaf, it’s insulting,” his site wrote. “It implies that the hardships of the past six months stem from a lack of his attention, not from his actions. It shifts the blame onto the very people who have held this company together.”

About the Author
Christiaan Hetzner
By Christiaan HetznerSenior Reporter
Instagram iconLinkedIn iconTwitter icon

Christiaan Hetzner is a former writer for Fortune, where he covered Europe’s changing business landscape.

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
EconomyFederal Reserve
The Supreme Court upholds Fed independence by saving Lisa Cook’s job—and also saves U.S. debt from a crisis
By Jason MaJune 29, 2026
2 hours ago
Seated woman speaking
HealthBrainstorm Tech
‘Cop on your wrist’— Wearables offer tons of data but people are still going to sleep to Netflix and TikTok
By Amanda GerutJune 29, 2026
2 hours ago
alan
LawSupreme Court
Supreme Court to Alan Dershowitz: take a hike with your $300 million defamation suit against CNN
By Lindsay Whitehurst and The Associated PressJune 29, 2026
3 hours ago
acb
PoliticsSupreme Court
One of Trump’s Supreme Court appointees just saved the late mail ballots he hates so much
By Mark Sherman and The Associated PressJune 29, 2026
3 hours ago
Strategy cofounder Michael Saylor sits during a conference and looks out into the crowd.
CryptoBitcoin
Strategy may sell up to $1.25 billion in Bitcoin to calm investor jitters
By Camila Grigera NaónJune 29, 2026
3 hours ago
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns 
AIData centers
Hyperscalers could end up resembling airlines—plagued by small margins, intense competition, and high expenses, AI skeptic warns 
By Jason MaJune 29, 2026
3 hours ago

Most Popular

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
4 days ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
2 days ago
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
Success
Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
By Orianna Rosa RoyleJune 28, 2026
1 day ago
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
Success
Cristiano Ronaldo is soccer's first-ever billionaire: He went from begging for burgers outside McDonald's to landing a $400 million contract
By Preston ForeJune 28, 2026
1 day ago
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
Environment
The retired college professor fighting a $313 trespassing ticket in Wisconsin thinks he's part of a national struggle
By Catherina GioinoJune 28, 2026
1 day ago
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
Politics
Iran is forcing the U.S. into an escalation trap as a 'shadow war' over the Strait of Hormuz heats up that could kill the tenuous ceasefire
By Jason MaJune 28, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.