I totally agree, Bob...
For a short five months back in the 1980's, I once worked for a computer company that came under a "Hostile Take Over" by a Wall Street group about a month after I started. I was brought in to manage their New Product Hardware Division, which was really the life blood of the company and included a newly acquired Software Products Division, which had a really good Computer Aided Design product (Computervision) that Ford was using as our first customer of the product and we were developing a line of high-performance UNIX computers to run it on, tailored to the needs of the software.
Our upper management decided that they didn't want to be taken over in a hostile bid offer by stockholders, so they would make the company look as unattractive as possible by eliminating the entire new hardware product line-up as well as getting rid of all of the new product introduction people - All of my groups. If they became unattractive enough, they were sure the take-over people would go away.
I had the lucky job of laying off 347 people, the entire New Product Division. I was the last man standing of the Division. After the last person was gone (there was a lot of fear and tears in their eyes) I walked into my VP's office, tossed my employee badge onto his desk, told him what he could do with it and walked out, never to return.
The Hardware side of the company ceased to exist after another six months (with still more lay-offs), but the remaining software groups continued on as "Computervision", running on other company's hardware and limping along for another decade as a shell of what they could have been.
It can be a little weird out there in the computer world, and sometimes it really doesn't make much sense....... At least to me.
The "Wild West" world of Electric Vehicles, right now, seems a lot like back then in the mini-computer biz. Lots of company shake-outs will be happening.