Today, the pioneering electric-car company Elon Musk built in Silicon Valley — headquartered in Texas after he moved it from Palo Alto, California — is struggling. This month, Tesla posted its first drop in car deliveries in four years, and Musk told employees that more than 10% of them would be laid off. Two key executives promptly ran for the hills. The company’s stock price has been plunging, even before its Cybertrucks were recalled last week to fix their accelerator pedals.