Why Recessions Forge Great CEOs Who Think Beyond Cost-Cutting
04/15/2025
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But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 5, 2021:-On Thursday, the smartphone-maker confirmed that Apple would use Tesla’s Megapack at its new battery-based renewable energy storage facility.
On Wednesday, Apple announced that it’s building a battery-based solar energy storage facility in California. The company said the facility would be capable of storing 240 megawatt-hours of energy to power above 7,000 homes for a day. The set-up includes 85 of Tesla’s Megapack battery energy storage systems announced in 2019 for the first time. The energy will be used to help power the company’s headquarters.
Most known for its electric vehicles, Tesla has been building out its solar power business over several years in the past.
The company started the solar business in 2016 when it acquired SolarCity for $2.6 billion.
Although, the solar segment still does not break out revenue on its own. “Energy generation and storage” made up 6% of the company’s total revenue in 2020, though it grew by 30% from 2019.
The Verge first reported the connection between the two tech giants, pointing to records submitted by the Monterey County Board of Supervisors.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
In the fast-paced business world, corporate leaders often find themselves at the crossroads of risk and reward, where bold decisions …
April 17, 2025: Prime Minister Justin Trudeau s government is under growing political pressure over its current immigration strategy.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
April 15, 2025: Multiple wildfires burning across northern and central Alberta have triggered large-scale evacuations.
April 10, 2025: The far-right Alternative for Germany (AfD) party has recorded significant gains in regional elections, triggering a wave of political instability across the country
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