Apparently 10% of Tesla is cut from their operations. Also the issue here is that Elon Musk is the CEO of multiple companies at the same time how does he manage all of his operations from SpaceX, Tesla, and X. Also he comes off as overrated depending on which companies the news is talking about at that time.
https://www.reuters.com/business/autos-transportation/teslas-senior-battery-executive-exits-company-2024-04-15/
https://apnews.com/article/tesla-layoff-workforce-sales-decline-ee35abc216b5aeb222068500b916ef14
It appears there's about 140k employees with Tesla. They did a round of layoff in 2022 also. At the end of 2021 Tesla employed about 100k, and quickly grew after that, including after those layoffs.
It should be noted that other large US car manufacturers have announced layoffs recently also.
Layoffs aren't always an indication of a company's poor health. Companies are often over-staffed in certain areas, and laying people off allows them to hire in others - like Tesla did a couple years ago.
But EVs are slowing down. Interest rates are high which means cars cost more for people who borrow. This really isn't surprising.
As for Musk, he has always been more of a visionary than an operational leader. (Twitter aside - that was just a bad idea that has been executed poorly.)
Regarding Musk, I'm 36 percent of the way through Walter Isaacson's biography of him. It's a very interesting read. Worth getting a copy if you're interested in Tesla, SpaceX, or Musk generally. I had previously read Isaacson's biography of Steve Jobs and I found it worthwhile, so when I saw he had written one about Musk I decided to read that as well.
(Back in 2017 or so I read an earlier Musk biography by Ashlee Vance. It was a good read as well, but Isaacson's is far more up-to-date given the whole Twitter saga of the last few years, Tesla's rollout of additional vehicle models, SpaceX's manned missions, and the Boring Company. The line in that one that stands out to me was when he talked about Musk's penchant for setting unrealistic deadlines and not recognizing that people cannot simply work nonstop without breaks. A colleague told Musk something along the lines of, "Look, Elon, sometimes a person just has to take a really big dump.")
Anyone who is considering buying a Tesla ought to consider renting one from Hertz for a couple of days before taking the plunge. The driving experience is very different from a conventional car, and not just because of the electrification and the "one-pedal driving." Just about everything, and I do mean everything, runs through the touchscreen. I think I read that in the newest vehicles (including the newest iterations of existing models) they're even trying to eliminate the two stalks on the steering column that you use to shift gears, activate the turn signals, and operate the windshield wipers.
This isn't particularly surprising as a) the EV market gets more saturated and b) Elon continues to alienate his core demographic through some of his random outbursts and political stances.
Quote from: 1995hoo on April 16, 2024, 09:35:53 AMRegarding Musk, I'm 36 percent of the way through Walter Isaacson's biography of him. It's a very interesting read. Worth getting a copy if you're interested in Tesla, SpaceX, or Musk generally. I had previously read Isaacson's biography of Steve Jobs and I found it worthwhile, so when I saw he had written one about Musk I decided to read that as well.
(Back in 2017 or so I read an earlier Musk biography by Ashlee Vance. It was a good read as well, but Isaacson's is far more up-to-date given the whole Twitter saga of the last few years, Tesla's rollout of additional vehicle models, SpaceX's manned missions, and the Boring Company. The line in that one that stands out to me was when he talked about Musk's penchant for setting unrealistic deadlines and not recognizing that people cannot simply work nonstop without breaks. A colleague told Mush something along the lines of, "Look, Elon, sometimes a person just has to take a really big dump.")
Anyone who is considering buying a Tesla ought to consider renting one from Hertz for a couple of days before taking the plunge. The driving experience is very different from a conventional car, and not just because of the electrification and the "one-pedal driving." Just about everything, and I do mean everything, runs through the touchscreen. I think I read that in the newest vehicles (including the newest iterations of existing models) they're even trying to eliminate the two stalks on the steering column that you use to shift gears, activate the turn signals, and operate the windshield wipers.
The Musk Industrial Complex- Reuters (https://www.reuters.com/investigates/section/musk-inc/)
You gotta read this one by Reuters in a series of reports on all of Musk related companies and yes some include toxic work environment at Tesla and Space X. Plus this article showed how his companies lawsuits are like outside of Twitter.
Gee, who could nave seen THAT coming in the market for battery-electric vehicles . . .
Mike
Quote from: jeffandnicole on April 16, 2024, 02:02:24 AMIt appears there's about 140k employees with Tesla. They did a round of layoff in 2022 also. At the end of 2021 Tesla employed about 100k, and quickly grew after that, including after those layoffs.
It should be noted that other large US car manufacturers have announced layoffs recently also.
Agreed too. Only difference here is that Elon Musk hogs the spotlight.
Quote from: bing101 on April 16, 2024, 01:33:44 AMAlso the issue here is that Elon Musk is the CEO of multiple companies at the same time how does he manage all of his operations from SpaceX, Tesla, and X.
It's worth noting that these are companies that he bought, not founded. And given the debacle that the Twitter/X thing has been, I question whether these companies are successful because of him, or in spite of him.
Basically, he's successful because he has an army of Zhu Lis under him who do the thing.
Quote from: JayhawkCO on April 16, 2024, 11:43:35 AMThis isn't particularly surprising as a) the EV market gets more saturated and b) Elon continues to alienate his core demographic through some of his random outbursts and political stances.
Tech bros love the guy and seem to make up the bulk of the Tesla buyer demographic nowadays.
Quote from: bing101 on April 16, 2024, 01:33:44 AMAlso the issue here is that Elon Musk is the CEO of multiple companies at the same time how does he manage all of his operations from SpaceX, Tesla, and X.
Easy! He doesn't.
Which is probably good for the companies he isn't trying to manage at any given time...
Quote from: Max Rockatansky on April 16, 2024, 09:28:51 PMQuote from: JayhawkCO on April 16, 2024, 11:43:35 AMThis isn't particularly surprising as a) the EV market gets more saturated and b) Elon continues to alienate his core demographic through some of his random outbursts and political stances.
Tech bros love the guy and seem to make up the bulk of the Tesla buyer demographic nowadays.
https://apnews.com/article/musk-pay-compensation-corporate-registration-ef5e30f6b56f7d936f8c882fc1c96875
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge
Here is another story on Musk and the Hyperloop.
And now the cyber truck gets a recall.
Other reading I've done on the subject indicates that this failure occurred because the plastic bezel that goes over the pedal is small enough that when the adhesive is added to secure it in place, it becomes too snug to easily put into place. So to work around that they decided to put soap on it as lube. Which ends up breaking down the adhesive.
Total amateur hour at Tesla.
https://apnews.com/article/tesla-future-sales-decline-robotaxi-artificial-intelligence-b60696cb69d7735983abcf51aee7f743
Here is more on Tesla specifically.
Quote from: bing101 on April 16, 2024, 01:33:44 AMAlso the issue here is that Elon Musk is the CEO of multiple companies at the same time how does he manage all of his operations from SpaceX, Tesla, and X.
Well, one former manager at Tesla described Musk as a pigeon CEO (https://electrek.co/2024/04/22/elon-musk-pigeon-ceo-former-tesla-manager/), that is, "he comes, shits all over us, and goes." A bit biased, but a bit funny as well.
Here is some of the causes on why there are issues with Tesla cars.
https://www.reuters.com/technology/space/musks-spacex-is-quick-build-texas-slow-pay-its-bills-2024-05-13/
Also the current state of SpaceX as of May 2024.
I would not want to be employed at a Elon Musk company.
Quote from: Max Rockatansky on April 16, 2024, 09:28:51 PMQuote from: JayhawkCO on April 16, 2024, 11:43:35 AMThis isn't particularly surprising as a) the EV market gets more saturated and b) Elon continues to alienate his core demographic through some of his random outbursts and political stances.
Tech bros love the guy and seem to make up the bulk of the Tesla buyer demographic nowadays.
That is anecdotally true from my perspective. A majority of all the Indian subcontinent customers who show up at my store drive EVs. They are virtually all IT guys who came to work for companies in Frisco and Plano.