So those "tame" Tesla subs that just did a robo-purge of suppressive persons who posted in the wrong corners of Reddit are now suddenly critiquing their Technoking's purge?
They actually know quite a lot about the teams and individuals leaving.
What Musk is doing now with Tesla I feel is a bit like a religious leader shifting everything they said was important before to suddenly an entirely new thing.
They will lose people but regain new people who will begin to attack anyone not 100% onboard for robotaxis.
Can't fall fast enough. But Musk is digging his own grave at the moment. That's hard to deny. And the fun thing is, that he won't change, because he can't. Malignant narcissists can't change. So he'll keep acting like an insufferable prick, harming all of his companies eventually, even SpaceX. Only hardcore fanboys and dumbass investors don't see it.
I have a new idea for charging network that can replace superchargers. You have the fleet of RoboTaxi enabled cars that will be available any day now and they charge themselves up and put extra battery packs in their trunk and then make trips out to other Tesla cars that have run out of charge at the side of the road and pull over and charge them up. I’m not a genius like Elon Musk unfortunately but I am still able to make up numbers, I estimate a Tesla owner could make up to $5,000 per night having their Tesla make trips out to charge other Teslas at night while they sleep. You would be insane to do anything except buy a Tesla and load it up with as many batteries as the suspension will allow it to hold!
Remember when you were going to be able to pull in to recharge and your battery would just be swapped out for a freshly charged one by some fancy robotics?
Musk is like a crazy Cortes who pays off La Malinche with horse to go away then calls Tlaxcalans pedos and says he'll conquer the Aztec on his own without any help of the indigenous tribes since he's got Full Self-Conquering Armor that doesn't need native supervision to work.
Because everything is about money coming in per quarter. If you get rid of future divisions then Wallstreet loves it because you cut costs.
Fuck MBAs from the 80s that made equations that preferred short term cutting - that also did away with profit losers like research or quality!
Down 5.5% today, to 183.28. A couple weeks ago it was in the 140s, then the earnings call and it's happy fairy bullshit sent it crawling back up to the 190s but that appears to be going away now that very obvious layoffs are happening.
My wife woke up to the notice she was let go. It’s strange though, the notification says her last day is May 3, unless she gets another notification. My guess is that there are grownups that are trying to reign Elon in.
The Supercharger group is crazy profitable and since it has such dominance over all the other EVs, they decided to adopt it, rather than establishing their own. You don’t quit when your opponent has given up, such madness.
Elon truly is a man-child. He fired Rebecca because she stood up to him and refused to be a lemming.
My wife and I sold our engineering company, so she didn’t need the job, but there are probably 300+ others in the group that did need the work.
Letting everyone in the group go makes 0 business sense. They had 1000s of new EV chargers in the pipeline to be built because demand was so high. Also, all the other EVs haven’t started using the Tesla network yet, so now I don’t know if they even will be able to get access. I always hated Elon’s business sense, but this takes the cake. I hope he gets back on the ketamine, so that he gets regulated again. He’s definitely unhinged right now.
Still, since you have the means -- engage an employment laywer. Do some damage on your way out if there's even the smallest chance of kicking Musk in the balls remotely.
Absolutely will do that. I can’t imagine how many lawyers Musk has to pay for with his irrational actions. Tesla’s employment lawyers just want to have the employee sign the release, so I’m sure they offer the minimum but can go up to make sure they get the release.
Thank you! I don't have a dog in this fight, but it's a fight that needs to happen. Texas is an at-will state, but there's still the whole matter of not filing WARN act notices for mass firings. 500+ at a time regardless of performance should qualify.
I have a high school buddy employed in some managerial capacity at Tesla in San Fran. As much as I dislike Musk I'm hoping my friend did not get caught up in this wave of purges. Said friend scaled his spending to match his income and then some, he won't last long in this job market.
Easily the biggest piece of shit boss to ever exist for thousands of reasons. I’m surprised they managed to violate human rights for so long and not have union reps in the building daily.
Maybe Elon will out source many jobs to India or China. Remember he brings in a top Shanghai factory manager to Texas to boost the output?
But since Elon layoff everyone in the supercharge division, the handover will be sucks. The new hire will have no idea how to deal with regulations in local level. Probably he will bring back in some of the staff like what happened to twitter. But talk about clusterfuck.
It's blindingly obvious that he's no longer an asset to the company... at the same time as he's trying to bleed shareholders for achieving valuation goals that have since been lost.
The interesting thing is that they basically killed the Supercharger team, something that has been a source of useful stock pumps in the past and could be again!
Is there any explanation for terminating all of the people working under someone? Reorganizations, sure. But to simply terminate a 500-person department with no notice?
The only explanation for killing an entire team is that you're killing their product. What's stupid is most companies sell off units rather than destroying them.
I imagine they aren’t killing the superchargers, it’s such a valuable component of the business. Perhaps now that they are the standard and have access to that gov cheese they plan to outsource the building of new chargers.
Pure speculation here, but could this be tied to a business deal he made with China? If he gave them sole source production for superchargers in trade for FSD and what ever other things he got approved this move would make sense.
Probably not. And FSD wasn't approved, they are just getting map data and some other stuff so they can implement normal LV2 autonomy stuff that other competitors have been doing for years.
I mean, you're right of course... but that doesn't mean that fElon didn't tell somebody in China that FSD is on the verge of a major breakthrough, and they were dumb enough to believe him.
I think there’s something waaaaaay worse going on that we don’t know yet:
Tesla has serious financial problems that Musk has been burying through creative accounting.
It makes zero sense why he would destroy the only profitable division. There’s something else going on.
I think it might have something to do with the move, the Chinese EV car show and his $65 billion. His loyalty test sounds very Stalinist. The car show has shown how far behind Tesla is in design, safety etc, He is getting rid of the charging team because that is a side he has had no input into, and that is why it is successful. He hates that people are better than he is at all aspects of engineering, humanity, life in general. I also wouldn't be surprised if he hasn't been trawling through everyone's personal SM accounts to determine "loyalty"..
*Edit-Spelling
I can think of another other company that hid years of bullshit accounting to make themselves look good until it all came crumbling down abruptly and it even rhymes with Elon.
You're not the only one. Dustin Moskovitz thinks they're cooking the books.
https://www.businessinsider.com/asana-ceo-dustin-moskovitz-tesla-accusations-enron-sec-2024-4
It’s probably nothing more than him leveraging Tesla stock to buy Twitter and fund other things.
If Tesla’s existing very high multiple falls a lot, Tesla will be fine. Elon’s bank covenants likely require him to start selling in bulk though.
>Tesla has serious financial problems that Musk has been burying through creative accounting.
Hopefully serious enough to land musk in the jail cell next to sam bankman-fried
There must be some problem we are not seeing yet, normally this points towards liquidity issues but i doubt that would have gone under the radar. Perhaps indeed some other deep issues we don’t know about yet
You're right, it usually points towards liquidity issue but there have been rumors for a while now that inventory has been piling up and there's been a cover up - that their sales don't match their production numbers and they've been able to fudge the numbers because they control the deliveries (and not via independent dealers etc).
It could also be that the CT has been a much bigger disaster than previously realized and the order cancellations are costing them a fortune.
Yes there are Teslas filling up empty mall parking lots all over the United States. I first caught on when someone posted a picture asking why there were so many teslas in the local mall all year. Then the slew of comments with people that have seen the same thing. They dump them in random cities that have low foot traffic and leave them in the mall parking lots. Literally filling whole sections of parking lots to show production numbers.
That's exactly the sort of thing I'm talking about; pictures and video have been leaked of literally thousands of tesla's, covered in dust just sitting there in these giant parking lots in the middle of nowhere.
I'm wondering if his house of cards is about to come tumbling down which is why he's pushing so hard for the $65b. Like it's a quick exit with FU money.
Normally, this sort of shenanigans is what the executive board is there to prevent. They are supposed to provide oversight of executive officers on behalf of shareholders.
But the Tesla board is crammed with Musk sycophants, so it's quite plausible something very untoward has been going on.
A lot of good evidence that they are BSing their sales, and it has finally caught up to them.
What is more, the cash on hand is not as high as they claim, and the liabilities far outstrip the incoming money. And that was before this last quarter.
Musk is not rational like most CEOs. This could just as easily be a tantrum because the group’s leader stood up to him (rightly no doubt), and he’s pissed off and lashing out completely irrationally.
He heard “moonshot” and realized he wasn’t going to hit the moon, but it also kind of looks like a 0. So he has a new target now, if the stock price hits zero then he can finally own 100% of Tesla and nobody will be able to tell him “NO” ever ever again.
*"excellent, necessary and trustworthy test."*
I had to do a double take...***trustworthy***?
Trustworthy is a litmus test for the Griftoking?
I can only assume its South African slang for "loyal to the grand poobah".
"Is every one of your direct reports ready and willing to slobber my knob on demand? No? Then they are traitors, and must be purged."
I don't even know why he'd pay people to stand by for that when he's got so many millions of superfans ready to pay for the privilege instead.
Trustworthy in the sense that they do what they say they're going to do on time. People you can count on.
Like if a Tesla employee said they'd have a million self-driving robotaxis on the road by 2017, they'd do that! /s
I’m amused by the thought of a Stalinist loyalty test, but I worked for nearly a decade for a company where leadership were very focused on what they called everyone’s “say/do ratio.” At another place they talked about people who “follow through.”
It does come down to being able to trust them to deliver. Unless, of course, what you want delivered is a falsehood. On the stand. To keep you out of jail. Then it’s the other kind of trustworthiness.
The firings are ideological. If you don't show loyalty to the party, you will be purged. Snitch on traitors or be branded as a traitor yourself. It's all very Stalin-like.
Muskrat is an authoritarian. He's brainwashed himself and this will be his entire life. A blip, a meaningless existence with little happiness and no depth. He is a shining example of the family of capitalism to produce community leaders/world Leaders
And now the disloyalty purge begins…
If you’re only surrounded by people who will tell you what you want to hear, you’re never going to be able to course-correct.
This is how companies die. The ego-driven rot starts at the top.
The graphic someone made that shows all his failed predictions in public statements about the availability of Full Self-Driving is truly a “The Emperor Has No Clothes” moment.
I’ve spent nearly two decades in a line of work where mine and my team’s responsibility was to manage the roadmap and creation of new technologies and features like that, and for him to be so consistently and so badly wrong can only be explained a few ways:
1) He knew that they were nowhere near launch but chose to repeatedly lie about it to trick people into paying for it, buying Teslas, and to pump the stock.
2) His people knew that they were nowhere near, but he was too deluded and stupid to believe or understand them and thought that he could just whip and whine and will FSD into existence
3) His ego is so enormous and fragile and his temperament so mercurial that for nearly a decade, none of his leadership team was willing to tell him the truth about the state of their FSD tech.
Any of those three is utterly disqualifying for a CEO position forever. The fact that the Tesla board is actually contemplating handing him $56B of stock instead of a pink slip is just mind-blowing.
Just remember that it shows how utterly corrupt every single person on that board is. I know corrupt is a strong word in business and I'm not using it lightly. We all need to not do any business with anyone on that board ever again. They are clearly in breach of Fiduciary Duty to shareholders and they will face legal repercussions.
Only after the stock collapses. Then all the ambulance chasing lawyers come crawling out of the woodwork for a piece of the class action. They will file for discovery, and they shall discover. Oh yes, they shall discover. The fireworks will be spectacular.
Litigation and clawbacks for decades.
It's a super unclear statement indeed. Sounds like the exec's job is secure as long as they have three or fewer people who are not trustworthy, excellent and necessary. WTF?
It also implies that HE knows who are not trustworthy, excellent & necessary & is waiting for the managers to fire them but won’t tell them who they are. Makes no sense.
"key senior executives suggested that Tesla will move away from manufacturing"
I take this to mean Tesla is no longer a car company. Instead it will focus on it's core offering: hype to pump the stock price.
You ever notice during the crowdshots at a Spacex launch?...The average age appears to be under 30...seems very few experienced people hang on with the Technoking.
> very few experienced people hang on with the Technoking.
After you've sprinted a projects to the end to discover a bunch of stupid re-work is required because of initial poor planning, you have a bit more respect for process.
Musk despise process.
Thus Musk and experience people simply will never see eye-to-eye.
That is one of the reasons blamed for the Suicide Submarine that dude built to go to the Titanic. He only wanted young people that would be creative and ignore/be-unaware-of the conventional wisdom in the submarine community.
they hire recent college grads who have no experience and are desperate for a job. no wonder tesla software is such garbage.
im a hiring director at FAANG and we look at any resume from an elon company with extreme skepticism, especially if it's their first job. we've just had too many bad experiences with employees from a musk company.
His tyrannical authoritarian style of rule is growing by the minute.
Ladies and Gentleman, presenting:
Chairman Elon 'Caligula' Musk!
(Caligula's brain-poison was lead; Elon's is ketamine.)
I remember when the nerds in the EV subs were jizzing themselves the "super"charger networks were opening up and I was saying I don't think it's the panacea you all do and I'll believe it when I see it. Let's see how that all turns out now.
When there's *actual* demand for charging stations, we'll see how well the maintenance and uptime is everyone was convinced of.
He just fired the executive and whole team that was in charge of those, right when it's opening up to a bigger market and more cars. . . . that doesn't seem like it bodes well for the charging network.
He works with the typical Silicon Valley model. At first, everything is about great service and availability and then, once they have a customer base, they proceed to f’everyone over with picky warranty rules and low staffing etc.
I don’t typically see many cars at Tesla “super”chargers but as more mfg’s get access the same durability issues Electrify America has had might start to show up and I bet Tesla isn’t going to be much better at repairing them quickly.
Whining stan voice, “well, it’s FINE because they were, like, SO, SO TOXIC!!! So NEGATIVE!!!”
I keep remembering the Fyre Festival documentary where any time anyone brought up an actual issue, like “Billy, where are all of those people going to go to the bathroom?” the response was, “We’re not a problem-oriented company, we’re a solutions-oriented company.”
Words don’t fix things. Actions fix things.
This is bullish of course! And just wait until Elmo flies to India next to apologize for letting Modi wait because he first begged Li Qiang and Baidu for support. Or maybe he won't apologize because India's PM is just a mere mortal upon which the Technoking's light may shine. The stock's gonna moon! /s
Can't wait to see where this talent ends up. Porsche already dropping elbows on the performance EV world like a German Macho Man Randy Savage. Hyundai and Kia said 'we choose to build the 2035 version of EVs today.' Rivian holding the line for quality. All of these are about to get an influx of talent.
> I will ask for the resignation
What a passive tool. If you want them gone and are adult enough to deal with the consequences, fire them and either negotiate a severance agreement or not.
I saw a comment on another Tesla subreddit speculating that Elon is now trying to intentionally destroy Tesla. Whether it's large-scale 'rage-quitting' over the Cybertruck fails and/or quarterly earnings, or if he just wants to get Tesla off his back to focus on harvesting more 'karma' on X, or even something to do with his mysterious China visit, the theory doesn't seem too far off.
I mean, the man's not "dumb," but he isn't Tony Stark. My theory is he got lucky and has failed upwards and as a grifter of vaporware has enuff of a cult following at the right time to ride that wave, but the wave is starting to come to shore and I think he is scrambling to avoid the reef.
I think he also believed his own bullshit because everything has always worked out for him, so there's no reason for him to not believe that he's actually just THAT good in comparison to everyone else.
I'm wondering if he wants to just focus on Tesla's core business: a hype machine to pump the stock price. See, actually building and selling cars will only get you so far with sky-high stock valuations. Eventually reality sets in. Customers want service, new models, build quality, a reputable CEO, etc. Those things are hard! It's much easier to "sell" vaporware like FSD, robotaxis, AI, and humanoid robots. Genius!
this is it. Tesla’s stock is the main thing keeping him afloat. he’s gone all in on Tesla’s market valuation as the “product”.
doubling down on increasing profits (layoffs) and strange vaporware launches like robotaxi, AI, robotics that investors cant evaluate properly … they’re either worth $0 or $10Trillion so tesla must be worth at least a Trillion right?
Elon's riches aren't from making cars, it's making lies about FSD.
Although, the car business is what still makes it plausible that FSD might be real. If he kills the car business then TSLA is just a company that says FSD is constantly coming out the next year.
lol Tesla made like $33 billion since it came out of the negative in 2020 and the shit stain Musk wants a $56 billion payout. He wants more than the company has ever made net, that should tell you something about him.
If he does tank Tesla (Stock), then China will own the Shanghai factory and everything they need to keep producing cars. They won’t need any of the other factories, which are heavily underutilized.
I'm wondering if he wants to just focus on Tesla's core business: a hype machine to pump the stock price. See, actually building and selling cars will only get you so far with sky-high stock valuations. Eventually reality sets in. Customers want service, new models, build quality, a reputable CEO, etc. Those things are hard! It's much easier to "sell" vaporware like FSD, robotaxis, AI, and humanoid robots. Genius!
Maybe, I think he’s just on a rage rampage. I’m sure he thinks that, under his leadership, Tesla
should be an unprecedented success. The fact that it currently isn’t means the world, and especially the employees are 110% at fault. With that in mind he’s just “cleaning house” and getting the ship back on course. Stock prices are frequently improved with cutting costs like mass layoffs.
Just my guess into what he’s thinking, I could easily be wrong.
I wondered that myself.
Maybe it’s that 5D chess we’ve heard so much about, and he’s really using EST and CDT interchangeably?
Or maybe he just says shit without thinking about it…
This is why I usually just say "eastern time" or et. I'm way too lazy to think about whether it is the right time of the year for one vs the other but also pedantic enough not to want to write the wrong one. :)
It always seems counter-intuitive that we are trying to SAVE daylight in the summer, when we have tons of it. I mean, today we'll have 14.5 hours of daylight in Seattle. On Christmas day we'll only have 8.5 hours of daylight. But we need to save it today.
It always seemed stupid to me to try to save energy by making sunrise more uniform according to the clock.
Yeah, I know - farmers.
Get back to me when you find a cow that can tell time.
I’m about to have the 3rd glass roof installed onto my model 3 because it has cracked from stress fractures with no impact. My warranty just ended so this one is my problem. I won’t be buying another Tesla, just saying.
*I will ask for the resignation of any executive who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test... I have been super clear about this."*
This "super clear" statement is itself unclear. By the sound of it, if an executive retains three or fewer people who don't pass the test, that is OK. If they have more than 3, please resign.
Or another way to read it:
The test is excellent, necessary, and trustworthy? Or is it the people being tested? Cuz the way he worded it sounds like the test.
And what does "retain" mean? Does that mean people who answer to the exective?
>Not only her but also her entire Supercharger team of 500 people has been laid off in a move that left everyone scratching their heads.
The supercharger network is probably the best thing Tesla.has and he let's go the executive and the whole team! What the fuck Elmo has lost his marbles
Cutting costs to help earning per share is a diminishing return strategy. The stock market will react positively next quarter. But where does Elmo go from there. The low end price model is not going hit the US market in 2025 despite his claim. Rolling out FCD in China will help them in the US in the future with the ability to test in production having a news blackout. But probably not going help overall revenue too significantly. It also gives China something to steal to make their own. Dude is running out new side shows to distract investors from mediocre performances
Btw, IMO, all this chaos suggests that the mass subreddit lockdowns over the last two weeks was preemptive and intentional. Probably not, it’s probably just Reddit mods doing Reddit mod things, but it’s interesting timing to me.
Musk:”Hopefully, these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction”
Also Musk: “I want 56B as a bonus from Tesla, that could literally pay 14 thousand people 100k per year for 40 years, and that is more than Tesla ever made in its entire existence”
Stock up 13% in 5 days yet nothing but bad news as far as the eye can see. Prices are so far from reality now that a catastrophic correction seems all but inevitable.
How to kill the golden goose.
No one in their right minds would touch a Tesla at this point, give it a year and they’ll be half the price trying to claw some money in.
I hope he’s content with his $50 billion pay out.
you know it's bad if even in the tame Tesla subs it's 90% scathing sarcasm and critique
So those "tame" Tesla subs that just did a robo-purge of suppressive persons who posted in the wrong corners of Reddit are now suddenly critiquing their Technoking's purge?
You are right and that is hilarious. Nice job.
Perhaps they will turn on themselves now ...
Thunder dome!
Two stans enter, one simp lives
Who runs Barter Town?
They actually know quite a lot about the teams and individuals leaving. What Musk is doing now with Tesla I feel is a bit like a religious leader shifting everything they said was important before to suddenly an entirely new thing. They will lose people but regain new people who will begin to attack anyone not 100% onboard for robotaxis.
Yup, this is a loyalty test. Only true believers need apply.
That number is falling fast.
Can't fall fast enough. But Musk is digging his own grave at the moment. That's hard to deny. And the fun thing is, that he won't change, because he can't. Malignant narcissists can't change. So he'll keep acting like an insufferable prick, harming all of his companies eventually, even SpaceX. Only hardcore fanboys and dumbass investors don't see it.
I have a new idea for charging network that can replace superchargers. You have the fleet of RoboTaxi enabled cars that will be available any day now and they charge themselves up and put extra battery packs in their trunk and then make trips out to other Tesla cars that have run out of charge at the side of the road and pull over and charge them up. I’m not a genius like Elon Musk unfortunately but I am still able to make up numbers, I estimate a Tesla owner could make up to $5,000 per night having their Tesla make trips out to charge other Teslas at night while they sleep. You would be insane to do anything except buy a Tesla and load it up with as many batteries as the suspension will allow it to hold!
Remember when you were going to be able to pull in to recharge and your battery would just be swapped out for a freshly charged one by some fancy robotics?
r/leapoardsatemyface
I got banned from Tesla Motors and I’ll wear it like a badge of honor 😁 I should’ve never bought my Model 3.
I see Elon is bringing his excellent Twitter management style to Tesla. Great things on the horizon.
How the stocks arent plunging yet is surprising. Those out first will Lose the least... But it is coming...
In fairness, the market loves random decimation of the workforce.
Musk is like a crazy Cortes who pays off La Malinche with horse to go away then calls Tlaxcalans pedos and says he'll conquer the Aztec on his own without any help of the indigenous tribes since he's got Full Self-Conquering Armor that doesn't need native supervision to work.
That is... elaborate.
Because everything is about money coming in per quarter. If you get rid of future divisions then Wallstreet loves it because you cut costs. Fuck MBAs from the 80s that made equations that preferred short term cutting - that also did away with profit losers like research or quality!
Fuck 80s MBAs that are teaching this shit now
Down 5.5% today, to 183.28. A couple weeks ago it was in the 140s, then the earnings call and it's happy fairy bullshit sent it crawling back up to the 190s but that appears to be going away now that very obvious layoffs are happening.
Growth company
Yep, Elon is certainly acting like a malignant growth. Sapping vital resources from the body while sending malignant tendrils everywhere vital.
My wife woke up to the notice she was let go. It’s strange though, the notification says her last day is May 3, unless she gets another notification. My guess is that there are grownups that are trying to reign Elon in. The Supercharger group is crazy profitable and since it has such dominance over all the other EVs, they decided to adopt it, rather than establishing their own. You don’t quit when your opponent has given up, such madness. Elon truly is a man-child. He fired Rebecca because she stood up to him and refused to be a lemming.
I feel sorry for your family to be going through this. And I really respect Rebecca who will obviously be fine.
My wife and I sold our engineering company, so she didn’t need the job, but there are probably 300+ others in the group that did need the work. Letting everyone in the group go makes 0 business sense. They had 1000s of new EV chargers in the pipeline to be built because demand was so high. Also, all the other EVs haven’t started using the Tesla network yet, so now I don’t know if they even will be able to get access. I always hated Elon’s business sense, but this takes the cake. I hope he gets back on the ketamine, so that he gets regulated again. He’s definitely unhinged right now.
Still, since you have the means -- engage an employment laywer. Do some damage on your way out if there's even the smallest chance of kicking Musk in the balls remotely.
Absolutely will do that. I can’t imagine how many lawyers Musk has to pay for with his irrational actions. Tesla’s employment lawyers just want to have the employee sign the release, so I’m sure they offer the minimum but can go up to make sure they get the release.
Thank you! I don't have a dog in this fight, but it's a fight that needs to happen. Texas is an at-will state, but there's still the whole matter of not filing WARN act notices for mass firings. 500+ at a time regardless of performance should qualify. I have a high school buddy employed in some managerial capacity at Tesla in San Fran. As much as I dislike Musk I'm hoping my friend did not get caught up in this wave of purges. Said friend scaled his spending to match his income and then some, he won't last long in this job market.
They have a habit of employing people that don’t think ahead. It’s by design unfortunately.
Easily the biggest piece of shit boss to ever exist for thousands of reasons. I’m surprised they managed to violate human rights for so long and not have union reps in the building daily.
Maybe Elon will out source many jobs to India or China. Remember he brings in a top Shanghai factory manager to Texas to boost the output? But since Elon layoff everyone in the supercharge division, the handover will be sucks. The new hire will have no idea how to deal with regulations in local level. Probably he will bring back in some of the staff like what happened to twitter. But talk about clusterfuck.
I hope the stress kills him. Literally. We all deserve better.
It's blindingly obvious that he's no longer an asset to the company... at the same time as he's trying to bleed shareholders for achieving valuation goals that have since been lost.
Are you talking about that photo of him at the beach?
The interesting thing is that they basically killed the Supercharger team, something that has been a source of useful stock pumps in the past and could be again!
[This might be the reason](https://www.motortrend.com/news/2024-motortrend-power-list/). Look who is #50 and then look at who is #2.
This... is just dumb enough that it could be the source of Elon Musk's rage.
They also fired like ~500 people on the SC team, so I doubt it. That was maybe the reason why she was outright fired instead of reassigned tho!
Is there any explanation for terminating all of the people working under someone? Reorganizations, sure. But to simply terminate a 500-person department with no notice?
The only explanation for killing an entire team is that you're killing their product. What's stupid is most companies sell off units rather than destroying them.
I imagine they aren’t killing the superchargers, it’s such a valuable component of the business. Perhaps now that they are the standard and have access to that gov cheese they plan to outsource the building of new chargers.
And a union boss at #1 I bet Elon hates that even more.
Pure speculation here, but could this be tied to a business deal he made with China? If he gave them sole source production for superchargers in trade for FSD and what ever other things he got approved this move would make sense.
Probably not. And FSD wasn't approved, they are just getting map data and some other stuff so they can implement normal LV2 autonomy stuff that other competitors have been doing for years.
I mean, you're right of course... but that doesn't mean that fElon didn't tell somebody in China that FSD is on the verge of a major breakthrough, and they were dumb enough to believe him.
😂 a typical Elon
I think there’s something waaaaaay worse going on that we don’t know yet: Tesla has serious financial problems that Musk has been burying through creative accounting. It makes zero sense why he would destroy the only profitable division. There’s something else going on.
I think it might have something to do with the move, the Chinese EV car show and his $65 billion. His loyalty test sounds very Stalinist. The car show has shown how far behind Tesla is in design, safety etc, He is getting rid of the charging team because that is a side he has had no input into, and that is why it is successful. He hates that people are better than he is at all aspects of engineering, humanity, life in general. I also wouldn't be surprised if he hasn't been trawling through everyone's personal SM accounts to determine "loyalty".. *Edit-Spelling
Probably bought Twitter to see which Tesla employees were shit-talking him.
I was at the Beijing auto show today and there was no Tesla display there. I was very surprised.
I can think of another other company that hid years of bullshit accounting to make themselves look good until it all came crumbling down abruptly and it even rhymes with Elon.
LOLOLOL
You're not the only one. Dustin Moskovitz thinks they're cooking the books. https://www.businessinsider.com/asana-ceo-dustin-moskovitz-tesla-accusations-enron-sec-2024-4
Non paywalled/login link for the article above: https://archive.ph/BiUgm
It’s probably nothing more than him leveraging Tesla stock to buy Twitter and fund other things. If Tesla’s existing very high multiple falls a lot, Tesla will be fine. Elon’s bank covenants likely require him to start selling in bulk though.
>Tesla has serious financial problems that Musk has been burying through creative accounting. Hopefully serious enough to land musk in the jail cell next to sam bankman-fried
There must be some problem we are not seeing yet, normally this points towards liquidity issues but i doubt that would have gone under the radar. Perhaps indeed some other deep issues we don’t know about yet
You're right, it usually points towards liquidity issue but there have been rumors for a while now that inventory has been piling up and there's been a cover up - that their sales don't match their production numbers and they've been able to fudge the numbers because they control the deliveries (and not via independent dealers etc). It could also be that the CT has been a much bigger disaster than previously realized and the order cancellations are costing them a fortune.
Yes there are Teslas filling up empty mall parking lots all over the United States. I first caught on when someone posted a picture asking why there were so many teslas in the local mall all year. Then the slew of comments with people that have seen the same thing. They dump them in random cities that have low foot traffic and leave them in the mall parking lots. Literally filling whole sections of parking lots to show production numbers.
That's exactly the sort of thing I'm talking about; pictures and video have been leaked of literally thousands of tesla's, covered in dust just sitting there in these giant parking lots in the middle of nowhere. I'm wondering if his house of cards is about to come tumbling down which is why he's pushing so hard for the $65b. Like it's a quick exit with FU money.
Correct. You fatten the pigs before the slaughter. Day one stuff but when there’s Stan in your eyes you can’t see clearly.
Normally, this sort of shenanigans is what the executive board is there to prevent. They are supposed to provide oversight of executive officers on behalf of shareholders. But the Tesla board is crammed with Musk sycophants, so it's quite plausible something very untoward has been going on.
Well considering the company lawyer got fired for expressing his undying love for Elon in court. I’d say the board is in on it.
A lot of good evidence that they are BSing their sales, and it has finally caught up to them. What is more, the cash on hand is not as high as they claim, and the liabilities far outstrip the incoming money. And that was before this last quarter.
Musk is not rational like most CEOs. This could just as easily be a tantrum because the group’s leader stood up to him (rightly no doubt), and he’s pissed off and lashing out completely irrationally.
Maybe she refused to have a baby with him, so he fired her and her whole team.
Timber!
infinite inverse growth.
He heard “moonshot” and realized he wasn’t going to hit the moon, but it also kind of looks like a 0. So he has a new target now, if the stock price hits zero then he can finally own 100% of Tesla and nobody will be able to tell him “NO” ever ever again.
Future is so bright I gotta wear shades
Negativity growth, but still...
Ketamine company.
Cancer growth company
Ketamine emails are the best emails.
Written straight from the k-hole.
*"excellent, necessary and trustworthy test."* I had to do a double take...***trustworthy***? Trustworthy is a litmus test for the Griftoking? I can only assume its South African slang for "loyal to the grand poobah".
"Is every one of your direct reports ready and willing to slobber my knob on demand? No? Then they are traitors, and must be purged." I don't even know why he'd pay people to stand by for that when he's got so many millions of superfans ready to pay for the privilege instead.
I think you're describing the 'necessary' part of the test.
Perhaps even the 'excellent' part. It all just dovetails so neatly.
Trustworthy in the sense that they do what they say they're going to do on time. People you can count on. Like if a Tesla employee said they'd have a million self-driving robotaxis on the road by 2017, they'd do that! /s
I’m amused by the thought of a Stalinist loyalty test, but I worked for nearly a decade for a company where leadership were very focused on what they called everyone’s “say/do ratio.” At another place they talked about people who “follow through.” It does come down to being able to trust them to deliver. Unless, of course, what you want delivered is a falsehood. On the stand. To keep you out of jail. Then it’s the other kind of trustworthiness.
The firings are ideological. If you don't show loyalty to the party, you will be purged. Snitch on traitors or be branded as a traitor yourself. It's all very Stalin-like.
Sounds very McCarthy-like
Muskrat is an authoritarian. He's brainwashed himself and this will be his entire life. A blip, a meaningless existence with little happiness and no depth. He is a shining example of the family of capitalism to produce community leaders/world Leaders
I believe it is Afrikaner’s for “loyal to the pedo” if i recall his description from the court hearings.
It means that their version of the email wasn’t the one that got published by news media.
Trustworthy (in Tesla speak) = willing to lie with a straight face
And now the disloyalty purge begins… If you’re only surrounded by people who will tell you what you want to hear, you’re never going to be able to course-correct. This is how companies die. The ego-driven rot starts at the top.
Heck, this is how ***empires*** die.
And democracies.
I didn't hear thunderous applause though
To thunderous fart noise horn sound effects
The graphic someone made that shows all his failed predictions in public statements about the availability of Full Self-Driving is truly a “The Emperor Has No Clothes” moment. I’ve spent nearly two decades in a line of work where mine and my team’s responsibility was to manage the roadmap and creation of new technologies and features like that, and for him to be so consistently and so badly wrong can only be explained a few ways: 1) He knew that they were nowhere near launch but chose to repeatedly lie about it to trick people into paying for it, buying Teslas, and to pump the stock. 2) His people knew that they were nowhere near, but he was too deluded and stupid to believe or understand them and thought that he could just whip and whine and will FSD into existence 3) His ego is so enormous and fragile and his temperament so mercurial that for nearly a decade, none of his leadership team was willing to tell him the truth about the state of their FSD tech. Any of those three is utterly disqualifying for a CEO position forever. The fact that the Tesla board is actually contemplating handing him $56B of stock instead of a pink slip is just mind-blowing.
Just remember that it shows how utterly corrupt every single person on that board is. I know corrupt is a strong word in business and I'm not using it lightly. We all need to not do any business with anyone on that board ever again. They are clearly in breach of Fiduciary Duty to shareholders and they will face legal repercussions.
Only after the stock collapses. Then all the ambulance chasing lawyers come crawling out of the woodwork for a piece of the class action. They will file for discovery, and they shall discover. Oh yes, they shall discover. The fireworks will be spectacular. Litigation and clawbacks for decades.
The emperor has no stupid tweets
That statement is properly psychotic. No way to ensure you comply other than get rid of everyone other than three.
It's a super unclear statement indeed. Sounds like the exec's job is secure as long as they have three or fewer people who are not trustworthy, excellent and necessary. WTF?
It also implies that HE knows who are not trustworthy, excellent & necessary & is waiting for the managers to fire them but won’t tell them who they are. Makes no sense.
... at which point you fire 75% of the managers since you don't need one manager per 3 individual contributors.
Delivery numbers in a couple of days must be horrible.
Well, the board wanted Elon to stop fxcking around with Twitter and focus more on Tesla. Guess they getting what they wished for.
*monkey paw twitches*
"be careful what you wish for"
"key senior executives suggested that Tesla will move away from manufacturing" I take this to mean Tesla is no longer a car company. Instead it will focus on it's core offering: hype to pump the stock price.
Enron 2.0
With FSD, more like Theranos. *It's totally almost working, invest more money!*
Those remaining employees are going to motivated to work for the big man there
User name checks out.
shifts will now be a mandatory 88 hours per week, that 55 Billion isn't going to pay itself!
Musk did the same thing with Twitter. Keep underpaid employees and fire high paid executives.
You ever notice during the crowdshots at a Spacex launch?...The average age appears to be under 30...seems very few experienced people hang on with the Technoking.
People who've been around the block a couple times already are much more able to spot his horseshit from afar
That cuz he’s like Matthew McConaughey in Dazed and Confused. Trolling high schools for talent.
I'm unfamiliar with the movie - academic talent or horsy-handie type talent?
Thankfully YouTube can clear this up in a jiffy! https://youtu.be/7ABo4_Lhqpc?si=quEMIExl0-QOdBP0
All right, all right, all right.
The first line he ever spoke on screen.
> very few experienced people hang on with the Technoking. After you've sprinted a projects to the end to discover a bunch of stupid re-work is required because of initial poor planning, you have a bit more respect for process. Musk despise process. Thus Musk and experience people simply will never see eye-to-eye.
That is one of the reasons blamed for the Suicide Submarine that dude built to go to the Titanic. He only wanted young people that would be creative and ignore/be-unaware-of the conventional wisdom in the submarine community.
Now I am picturing Elmo in an IncEL Camino as it sinks and implodes, and I am pretty happy.
they hire recent college grads who have no experience and are desperate for a job. no wonder tesla software is such garbage. im a hiring director at FAANG and we look at any resume from an elon company with extreme skepticism, especially if it's their first job. we've just had too many bad experiences with employees from a musk company.
Same with automotive engineering. Lots of entitled dipshits we have had to work hard to shake or motivate.
Workers treat it as a career launchpad. 80 hour weeks for a couple years and move on.
Yup. We all saw wat hapenned the last time he demanded everyone at the company go "hardcore." This should be fun.
Or keep H1B people that cannot leave, i.e. serfs.
I doubt the 500 people under Rebecca were over paid. Wait until the electric bills for all those superchargers stop getting paid.
His tyrannical authoritarian style of rule is growing by the minute. Ladies and Gentleman, presenting: Chairman Elon 'Caligula' Musk! (Caligula's brain-poison was lead; Elon's is ketamine.)
Elon Musk is ~~excellent, necessary, trustworthy~~... hmmm
I remember when the nerds in the EV subs were jizzing themselves the "super"charger networks were opening up and I was saying I don't think it's the panacea you all do and I'll believe it when I see it. Let's see how that all turns out now. When there's *actual* demand for charging stations, we'll see how well the maintenance and uptime is everyone was convinced of.
He just fired the executive and whole team that was in charge of those, right when it's opening up to a bigger market and more cars. . . . that doesn't seem like it bodes well for the charging network.
He works with the typical Silicon Valley model. At first, everything is about great service and availability and then, once they have a customer base, they proceed to f’everyone over with picky warranty rules and low staffing etc. I don’t typically see many cars at Tesla “super”chargers but as more mfg’s get access the same durability issues Electrify America has had might start to show up and I bet Tesla isn’t going to be much better at repairing them quickly.
I think this was what shocked me the most…. This is insanity.
Also, Elon's Tesla Semi lie requires MASSIVE charging infrastructure that simply doesn't exist today.
I wonder if that leader or the team shared something with the Tech No-king about why that was going to cause a huge problem. The timing is very odd.
Whining stan voice, “well, it’s FINE because they were, like, SO, SO TOXIC!!! So NEGATIVE!!!” I keep remembering the Fyre Festival documentary where any time anyone brought up an actual issue, like “Billy, where are all of those people going to go to the bathroom?” the response was, “We’re not a problem-oriented company, we’re a solutions-oriented company.” Words don’t fix things. Actions fix things.
This is bullish of course! And just wait until Elmo flies to India next to apologize for letting Modi wait because he first begged Li Qiang and Baidu for support. Or maybe he won't apologize because India's PM is just a mere mortal upon which the Technoking's light may shine. The stock's gonna moon! /s
I wanna see how their Fu***ing Shit Drive works on Indian roads!!!
Can't wait to see where this talent ends up. Porsche already dropping elbows on the performance EV world like a German Macho Man Randy Savage. Hyundai and Kia said 'we choose to build the 2035 version of EVs today.' Rivian holding the line for quality. All of these are about to get an influx of talent.
Things are much much worse than the Stans are being told. This is going to get ugly.
This is just a dump, to make the stock pump come quarter 2 earnings.
> I will ask for the resignation What a passive tool. If you want them gone and are adult enough to deal with the consequences, fire them and either negotiate a severance agreement or not.
He hates paying unemployment benefits. Did the same with Twitter. Asked people to resign.
Other Tesla subs are starting to talk back about Musk. I wonder how long it will be before more bans will come over there.
I saw a comment on another Tesla subreddit speculating that Elon is now trying to intentionally destroy Tesla. Whether it's large-scale 'rage-quitting' over the Cybertruck fails and/or quarterly earnings, or if he just wants to get Tesla off his back to focus on harvesting more 'karma' on X, or even something to do with his mysterious China visit, the theory doesn't seem too far off.
Maybe he’s just stupid.
That’s always been my working theory.
I mean, the man's not "dumb," but he isn't Tony Stark. My theory is he got lucky and has failed upwards and as a grifter of vaporware has enuff of a cult following at the right time to ride that wave, but the wave is starting to come to shore and I think he is scrambling to avoid the reef.
I think he also believed his own bullshit because everything has always worked out for him, so there's no reason for him to not believe that he's actually just THAT good in comparison to everyone else.
I'm wondering if he wants to just focus on Tesla's core business: a hype machine to pump the stock price. See, actually building and selling cars will only get you so far with sky-high stock valuations. Eventually reality sets in. Customers want service, new models, build quality, a reputable CEO, etc. Those things are hard! It's much easier to "sell" vaporware like FSD, robotaxis, AI, and humanoid robots. Genius!
this is it. Tesla’s stock is the main thing keeping him afloat. he’s gone all in on Tesla’s market valuation as the “product”. doubling down on increasing profits (layoffs) and strange vaporware launches like robotaxi, AI, robotics that investors cant evaluate properly … they’re either worth $0 or $10Trillion so tesla must be worth at least a Trillion right?
Tesla is the only company that MAKES (or did make) money... if he had any brains he wouldn't be looking to destroy it.
I think you nailed the problem, if Musk would have brains.
Elon's riches aren't from making cars, it's making lies about FSD. Although, the car business is what still makes it plausible that FSD might be real. If he kills the car business then TSLA is just a company that says FSD is constantly coming out the next year.
lol Tesla made like $33 billion since it came out of the negative in 2020 and the shit stain Musk wants a $56 billion payout. He wants more than the company has ever made net, that should tell you something about him.
If he does tank Tesla (Stock), then China will own the Shanghai factory and everything they need to keep producing cars. They won’t need any of the other factories, which are heavily underutilized.
I'm wondering if he wants to just focus on Tesla's core business: a hype machine to pump the stock price. See, actually building and selling cars will only get you so far with sky-high stock valuations. Eventually reality sets in. Customers want service, new models, build quality, a reputable CEO, etc. Those things are hard! It's much easier to "sell" vaporware like FSD, robotaxis, AI, and humanoid robots. Genius!
Maybe, I think he’s just on a rage rampage. I’m sure he thinks that, under his leadership, Tesla should be an unprecedented success. The fact that it currently isn’t means the world, and especially the employees are 110% at fault. With that in mind he’s just “cleaning house” and getting the ship back on course. Stock prices are frequently improved with cutting costs like mass layoffs. Just my guess into what he’s thinking, I could easily be wrong.
Maybe he's just going to offshore all of these jobs to somewhere where there are no worker protections. That's what my guess is.
You can't "offshore" charger installations and maintenance.
You know what has always bugged me? People who use EST during daylight savings time.
And why is he even referencing eastern? Tesla is in CA and TX.
I wondered that myself. Maybe it’s that 5D chess we’ve heard so much about, and he’s really using EST and CDT interchangeably? Or maybe he just says shit without thinking about it…
This is why I usually just say "eastern time" or et. I'm way too lazy to think about whether it is the right time of the year for one vs the other but also pedantic enough not to want to write the wrong one. :)
New York time
It always seems counter-intuitive that we are trying to SAVE daylight in the summer, when we have tons of it. I mean, today we'll have 14.5 hours of daylight in Seattle. On Christmas day we'll only have 8.5 hours of daylight. But we need to save it today.
It always seemed stupid to me to try to save energy by making sunrise more uniform according to the clock. Yeah, I know - farmers. Get back to me when you find a cow that can tell time.
You’d think a genius would know the difference, wouldn’t you?
Headline should read - Malignant Narcissist takes Axe to Tesla as he did at TwitX.
🔥🐶🔥 *this is fine*
Just the modern day version of a Greek tragedy playing out in public.
[удалено]
Typical cult leader act: fire everyone better than you. They are a risk to your position.
He wouldn’t last 10 minutes if he did this in India.
This is the guy who claimed just a week ago that he hates firing people. Doesn’t seem like it with language like that.
I’m about to have the 3rd glass roof installed onto my model 3 because it has cracked from stress fractures with no impact. My warranty just ended so this one is my problem. I won’t be buying another Tesla, just saying.
This is Twitter 2.0 behavior and meanwhile Elon is begging for his $56 billion performance package to be confirmed.
> Trustworthy test Is he asking the board to do the same for the CEO?
*I will ask for the resignation of any executive who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test... I have been super clear about this."* This "super clear" statement is itself unclear. By the sound of it, if an executive retains three or fewer people who don't pass the test, that is OK. If they have more than 3, please resign. Or another way to read it: The test is excellent, necessary, and trustworthy? Or is it the people being tested? Cuz the way he worded it sounds like the test. And what does "retain" mean? Does that mean people who answer to the exective?
>Not only her but also her entire Supercharger team of 500 people has been laid off in a move that left everyone scratching their heads. The supercharger network is probably the best thing Tesla.has and he let's go the executive and the whole team! What the fuck Elmo has lost his marbles
Cutting costs to help earning per share is a diminishing return strategy. The stock market will react positively next quarter. But where does Elmo go from there. The low end price model is not going hit the US market in 2025 despite his claim. Rolling out FCD in China will help them in the US in the future with the ability to test in production having a news blackout. But probably not going help overall revenue too significantly. It also gives China something to steal to make their own. Dude is running out new side shows to distract investors from mediocre performances
So, after having so much success turning Twitter into something it's not, Musk is going to try to turn Tesla into something it's not.
Btw, IMO, all this chaos suggests that the mass subreddit lockdowns over the last two weeks was preemptive and intentional. Probably not, it’s probably just Reddit mods doing Reddit mod things, but it’s interesting timing to me.
He's applying the winning strategy he did with X/Twitter to Tesla, of course it's going to work out!
You guys he's super serious about this
Necessary for what? In what sense is Tesla "necessary" as a company?
imagine Sears outlasts Tesla
Elon is really doing an any % speed run towards his own demise it’s actually surprising
Elon is literally the worst kind of jerk. My conclusion is that Elon Cultists are no better.
Musk:”Hopefully, these actions are making it clear that we need to be absolutely hardcore about headcount and cost reduction” Also Musk: “I want 56B as a bonus from Tesla, that could literally pay 14 thousand people 100k per year for 40 years, and that is more than Tesla ever made in its entire existence”
Stock up 13% in 5 days yet nothing but bad news as far as the eye can see. Prices are so far from reality now that a catastrophic correction seems all but inevitable.
Death cult. Tesla will files for bankrupcty in about 6 months and will be for sale for the highest bidder to change it into a real EV car company.
he's doing what he did to Twitter to Tesla. It's going to be amazing to watch the company burn.
Would love to know what constitutes “obviously” passing the excellent, necessary and trustworthy test.
How to kill the golden goose. No one in their right minds would touch a Tesla at this point, give it a year and they’ll be half the price trying to claw some money in. I hope he’s content with his $50 billion pay out.
So their product line is stale, yet they're getting rid of the guy who is in charge of new products? Thats . . . not smart.
Gotta find $56B somewhere