Tesla reported second-quarter results that were well below what analysts expected and said it would focus on delivering more cars and building capacity in the third quarter. The focus on expansion and more deliveries rather than the bottom line appeared to undermine investor confidence that the company could meet its previously stated goal of returning to profit in the second half of the year....
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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Meta Declares ‘Year of Efficiency’ as Revenue Stagnates
