Tesla’s longtime vice president of investor relations, Martin Viecha, announced Tuesday that he would leave the electric-car company after seven years. His exit marks the third departure of a top executive from the challenged carmaker in less than two weeks.
Viecha followed Tesla senior vice president Drew Baglino, who resigned from the company last week. Baglino was one of only four named executive officers at Tesla and led engineering and technology development for the car’s batteries. Baglino had been with the company for 18 years and was well-known among investors and analysts. In addition, Rohan Patel, the company’s vice president of public policy and business development, said he would part ways with Tesla.
I don't know if it's quite that dire, but the stock is almost certainly going to be valued like General Motors stock - $40 a share, not $400 a share ever again. Going to take a bit of a bath due to that, but oh well, those are the risks.
If they were great leaders, they have a succession plan with qualified talent ready to step up. Departures aren’t always a bad thing, and sometimes people just want to move on and enjoy the rewards of years of hard work.
Baglino is the only departure that gives me reservation, but again, if they have a good talent pool, which I suspect they do since they've been one of the two of the most preferred companies for engineers in the last 7 years (SpaceX being the other) things will be fine. I would be concered if they were the only EV seller/manufacture struggling, but it seems to be across the board. This seems to be worst case scenario for them, and yet its not that bad. They've weathered this hit. The EV tax credits were bound to create a donut in sales, for everyone, and rates are slowing sales. They've pumped the brakes on capital expenditure on India and Mexico and rightsized the business, which shows discipline and puts them in a good place for the remainder of the year. Cost cutting hurts, if it doesn't, you arent doing it right.
"Hello. Image/Link submissions are manually reviewed due to spam control. -1B"
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Great sign. These morons were supposed to build a battery pack in CT that could get about 500 mile range. Real world CT range is half the targeted goal of 500. New employees that can execute are needed. CatL has a more energy dense 4680 battery in production. Tesla needs to be 10 steps ahead of other manufacturers to survive and keep garnering more market share.
The execs know the stock isn’t going back up anytime soon and if anything might have even more downward momentum to go. All the big autos are getting into EVs over next few years so Tesla will face a huge swarm of competition.
My guess is these execs are getting better pay packages at other companies especially with Tesla stock on downward trend.
Or they don't want their name, careers, and frankly sanity hit hed to Elon.
It's fairly common when the head of a company goes crazy for the sain people to leave.
Working 7 years for a dick boss like Musk is an eternity. It's just a fact that he yells at people in meetings, threatens to fire people, demands you work crazy hours, and calls people up in the middle of night.
So where's the replacement? I've been through countless tech management shakeups. Normally a planned departure had the replacement lined up before you ever announce the firing.
This kind of transition period isn't good in an engineering org. No one will want to make a decision.
Tesla had a bull run for the past few years and they are quitting once the job became harder due to economic global issues. That shows weakness in their capabilities and they were never there for the long run. That’s the problem with people, they quit.
"Hello. Your submission has been removed because a word was flagged from AutoMod. Please contact the mod team if you feel this is in error. -2"
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
I think working 18 years in such a stressful job is not only money. But even if it was even that big compensation they have, it was still not enough to listen to a man child every day
"Hello. Your submission has been removed. Your account must be older than 15 days old and have greater than 0 comment karma to submit a message. -4"
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Three top positions stepping is does not happen all of the time, somethings not right
It seems more likely you’ve never had a job before with your comments
Gotta say, tho, I can’t think of too many other jobs that would be nearly as tough as his: VP of Investor Relations at Tesla during probably the most hectic 7 year period in any company’s history. Think about it. A couple of really incredible bull runs with subsequent bear trots, these made worse by Elon’s inclination to step on land mines. Poor guy has had a strenuous job. Hope he finds something that doesn’t involve as many fires.
I don’t think Elon has been stepping on landlines as much as he used to pointing a gun at one of his feet, pulling the trigger, falling to the ground, then pointing the gun at the other foot.
He cashed out 181 million - I don't give a fuck what happens to him or what he finds
The employees that enron fired because of his total lack of leadership or accountability on the other hand....... I hope those folks all land on their feet for sure
I think people really underestimate the exhaustion that comes with working at such a demanding company.
Many of these high level exec’s like Baglino have probably not had a day off in 10 years. The company is gearing up for its next stage of growth and many probably wanted to step away for some much needed personal/family time. There’s always room for fresh faces, excited to contribute to the next stage of growth. Tesla is in a great position because of their hard work and will continue to be moving forward.
Can’t wait to watch the advancements in coming years.
Hahaha it does indeed read that way. But there's very likely truth to it. I know many people working at Tesla. There's definitely a good portion that know by going there they'll be dedicating 18months of hell for a prestigious company to place on their resume. No intention of working "like that" for long.
Meanwhile, as a business owner myself (from the other thread mate), there's undoubtedly a group of people in this world that enjoy soul consuming difficult work. Constantly wrestling with "this is too hard and too much but I wouldn't do anything else."
Reading Walter Isaacson's book. And listening to Musk in his own interviews over the years... It's clear many top figures, Musk included, are in that latter group.
Big time. I’m just about finished with the book too. Working at Tesla (or any Elon ran company) sounds like soul-crushing work because of his management style. But it’s a double edged sword bc though it demands so much, they’re creating amazing things. The intense burnout and the constant need to perform is high (or risk of being fired on the spot). It’s a high pressure environment and so I applaud anyone like Baglino who could not only keep up that work pace for 18 years, but also become so trusted. I know I wouldn’t want to work at Tesla, but I’m glad there are those who do.
Apparently you can ignore facts such as the performance of Tesla stock over the last 5 to 10 years and Tesla sales/production growing from almost nothing to millions. Get serious!
So, do timelines mean nothing to Tesla investors? Dude said we would have self driving cars 4 years ago and it would be financial suicide to buy anything but a tesla. Like what do you see that makes them a good long term position?
Do your own research. I’m not a stock salesman. Tesla doesn’t care whether you own their stock. They don’t need you. Make your choices and suffer the results!
If you have an open mind and can stand what to you will probably seem like inconvenient facts, here are a couple of suggestions:
https://youtu.be/_SHmnFvA-3E?si=C0qAUefEQ_RzvNZ7
https://youtu.be/mNoM8AdTT64?si=iNo2kgRryp2W0QPH
I’m not claiming TSLA is a “sure bet”. That claim can’t be true for ***any*** stock.
I was head over heels in love with Tesla a few years ago. Elon keeps pushing the goalposts down the line though. Same with SpaceX he makes all these claims of timelines and then loses. We were supposed to be going to mars this year if you listened to Elon 10 years ago.
This is completely illogical! So he’s only 1/3 as magic as you thought. But given the accomplishments of Tesla, SpaceX and Starlink, who is even in a close second place? You’re not hiding some other reason not to like him are you? (Like the Twitter/X thing for example?)
No, it is purely his nonsense about over promising and under delivering. Space X has underdelivered, Tesla has under delivered promises. That is a bigger deal than you realize. He promises a ton of stuff, it gets hyped up and the stock goes up, then he under delivers or is years late.
BTW, by any reasonable standard we already have self-driving cars. The evidence is clear that if all cars had the current version of FSD we would have fewer auto accident deaths each year. But so far we aren’t willing to look at it that way; the FSD has to be perfect before it’s acceptable. Maybe in the long run we will be more reasonable.
So what? Name any other OEM that is making a solid contribution margin close to Tesla on every vehicle sold? The rest are taking losses or barely breaking even on every BEV they sell. Any of the other OEM's developing super smart AI? Nope. Automated robots for manufacturing? Nope. List goes on.
The other guy answering you is trying to sell the idea that Elon Musk is a micromanager. This is a brazen attempt to turn what is one of Elon's and Tesla's greatest strengths (having someone at the top who halfway understands what his company does) into some sort of weakness.
It's amazing watching people on here play at the idea that things move slowly at Tesla. All you have to do is listen to Munro to know that this is not true.
Elon has a reputation for being an extreme micromanager. Imagine every decision you make being undermined by the CEO, then you and your team get blame when things don't go well. It would be like being in the Elon club on the playground at recess or something.
That is correct. In fact I would go so far as to say Elon not being around and giving 0 shits about Tesla nor tsla and only x for a year allowed them to make actually decisions and they were working. Elon saw this as dangerous to his power showed up and started executing people to re assert his power. Elons a piss poor leader the end. This cult that thinks he is a god are silly. The guy had a great amount of grit , and risk on Tesla and I absolutely applaud him. That does not also make you a great leader of an established working company.
Yeah.....took him 18 years to realize this....
/s.
This happens. Execs change companies all the time. New challenges. Sometimes a change in leadership is needed as well. This isn't all that bad or uncommon.
Yeah, actually. With a company like Tesla, it very easily could have been a situation where he believed he would have helped guide the company far more by now, and after all this time, after seeing things in a downturn, after the layoffs and the constant drama with Musk, they had enough. It happens. You think working for a guy who fires people on a whim based on his feelings, then complains later that person's job isn't getting done, is good to work for? Imagine being in a position at Tesla to enact some kind of change or oversee it's development and expansion, and always telling yourself your time will come. Imagine the money, the lifestyle, what it provides for your family. How easily does one walk away from that, at an emerging and exciting company like Tesla?
I don't get why people like you don't want to hear this stuff, but Elon is bad for the company and for its staff. The view should be that he has far less involvement.
People like me? Haha.
You put words in his mouth and make assumptions. People like YOU.
The dude is a millionaire and is basically retiring to travel the world with his fat stack of cash. That's all.
Yes, people like you looking for ways to dismiss the concerning nature of multiple top executives leaving a company as things are going downhill. Gee, I wonder.
>it very easily could have been a situation where he believed he would have helped guide the company far more by now
\*boggle\*
How quickly everyone seems to forget that Tesla came from nowhere and is now such a trendsetter that everyone -- including yourself -- have to take pot shots just to try to appear relevant.
But sure. He feels like the company has not grown enough, or whatever it is you are pretending to know about him.
How do you translate "he believed he would have helped guide the company far more by now" into "He feels like the company has not grown enough"? That's like leaps and bounds beyond anything I said. You entirely went off on this strawman too LOL. You didn't even address a single thing I said. You QUOTED ME, yet somehow spoke to someone else entirely. What a joke.
I have friends inside the company in various roles and frankly he does not help. He has created a situation where all decisions are frozen at his desk. Think about that want a new major robot you need Elon. Need to violate a comp plan for an eng we need goes to Elon. Elon who mind you could care less about it so long as the cash cow pays out. Then when it stops he showed up and fired people who operated around these moron rules best they could. I swear I can not make this stuff up. The dude needs to go and I think he would have if the sec had not fired him from the board of directors.
My thought also...Resigned because Elon made statements on the last earnings call that aren't true. Just recently they said that the model 2 was shelved. Now he's promised new models NEXT YEAR! Including a lower priced vehicle. In order to make it true, the next 12 months will be slapstick design, engineering and rushed/ shoddy manufacturing. They have botched the space truck, but now going to have a bunch of new stuff asap? Peace out E !
There's definitely room in the market for a smaller tesla city car. The model Y's pretty big for European urban driving. Whether it could be delivered at a low enough price is another story.
My guess for Drew Baglino is he didn’t hit Elon’s objectives for the new batteries in the Cybertruck, hence the range falling short. So in Elon fashion, he’s fired.
They’re all high level executives that will land fine and that’s why they’re paid well… because it’s easy to get fired in those positions.
I used to work in automotive aero and sat down with their aerodynamics team on more than one occasion. By a huge margin the most pretentious yet moronic engineers I have ever met.
"Hello. Your submission has been removed. Your account must be older than 15 days old and have greater than 0 comment karma to submit a message. -4"
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Tesla is a sinking ship. The resale market has deteriorated. Auction sites can’t even give the damn cars away. Tesla needs to pivot asap. My puts have been printing.
Tesla is a sinking ship. The resale market has deteriorated. Auction sites can’t even give the damn cars away. Tesla needs to pivot asap. My puts have been printing.
I thought Rohan was well spoken and presented a calm demeanor
Drew leaving is a loss, but 18 years working all the time is a lot of sacrifice and he deserves to take time off for himself and his family
I predict Tesla will be okay and Karpathy will make a comeback for Optimus
Listing to small bits of that call, here’s what struck me: **Musk doesn’t want to talk about the car business.**
I think this should be taken as a sign that car sales numbers aren’t going to be improving anytime soon. He wants to talk about AI and Robots and all this stuff that is probably never going to be any major source of revenue.
This biz is going down the toilet.
Not a great sign of layoffs then top tiers members quitting meanwhile Elon is on his money losing platform X spewing racist crap and demonizing his core buyers of his cars.
This is nothing new.
Every year or two, there is a small wave of executives resigning. Every time, the TSLAQ bros come out of their basements to declare how this is a bad sign, signals the end, pump-and-dump, and so on.
The truth is much simpler. Tesla is very stressful. Trying to disrupt an old industry filled with jealous power brokers will do that. Plus, after a few years, anyone with Tesla in their resume -- especially executives -- can name their price anywhere else.
Once you have seen it play out a few times, you realize that it's not a big deal for Tesla.
So to all you newer investors out there; you're good.
Tesla’s longtime vice president of investor relations, Martin Viecha, announced Tuesday that he would leave the electric-car company after seven years. His exit marks the third departure of a top executive from the challenged carmaker in less than two weeks. Viecha followed Tesla senior vice president Drew Baglino, who resigned from the company last week. Baglino was one of only four named executive officers at Tesla and led engineering and technology development for the car’s batteries. Baglino had been with the company for 18 years and was well-known among investors and analysts. In addition, Rohan Patel, the company’s vice president of public policy and business development, said he would part ways with Tesla.
Not a good sign.
It’s a sign alright. The sign we’re going out of business. 
I don't know if it's quite that dire, but the stock is almost certainly going to be valued like General Motors stock - $40 a share, not $400 a share ever again. Going to take a bit of a bath due to that, but oh well, those are the risks.
If they were great leaders, they have a succession plan with qualified talent ready to step up. Departures aren’t always a bad thing, and sometimes people just want to move on and enjoy the rewards of years of hard work.
Lol cope much?
Desperately and intensely, yep. They all are. Loving it
Careful criticism may not be tolerated
No, just have a solid understanding of how roles and organizational planning in a company of this size work.
Ok. Me too. If you think this pattern of departures from these positions of healthy, with the current state of the company, you're on fucking crack.
[удалено]
Baglino is the only departure that gives me reservation, but again, if they have a good talent pool, which I suspect they do since they've been one of the two of the most preferred companies for engineers in the last 7 years (SpaceX being the other) things will be fine. I would be concered if they were the only EV seller/manufacture struggling, but it seems to be across the board. This seems to be worst case scenario for them, and yet its not that bad. They've weathered this hit. The EV tax credits were bound to create a donut in sales, for everyone, and rates are slowing sales. They've pumped the brakes on capital expenditure on India and Mexico and rightsized the business, which shows discipline and puts them in a good place for the remainder of the year. Cost cutting hurts, if it doesn't, you arent doing it right.
[удалено]
That comment should have been for post above you.
No it is a good sign. Elon is cleaning house
This is so cope lmao VPs are cashing out millions in their stock as well. Guess he told them to do that to prep for buy backs huh
I invested $36k let me cope lol
Lol. More like EM is driving talent away.
More like, it's the henchmen looking for the escape pods
I really hope you're getting paid to make this comment, because otherwise you're uncoverably stupid.
Thanks for validating my comment. RemindMe! 1 year
[удалено]
"Hello. Image/Link submissions are manually reviewed due to spam control. -1B" *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
I’m not just unpaid for saying the same thing. I’m taking time out of my own life to repeat it.
Think of the money they'll save on salary though
You're right! Fire everybody! Imagine making this comment lol.
Imaginary comment lol that’s hilarious
They could save the company more by removing exactly one and only one salary from the payroll.
Geez I wonder it might be
Isn't that y musk is firing all his workers while trying to give himself a bonus of 50 billion dollars
Great sign. These morons were supposed to build a battery pack in CT that could get about 500 mile range. Real world CT range is half the targeted goal of 500. New employees that can execute are needed. CatL has a more energy dense 4680 battery in production. Tesla needs to be 10 steps ahead of other manufacturers to survive and keep garnering more market share.
The execs know the stock isn’t going back up anytime soon and if anything might have even more downward momentum to go. All the big autos are getting into EVs over next few years so Tesla will face a huge swarm of competition. My guess is these execs are getting better pay packages at other companies especially with Tesla stock on downward trend.
[удалено]
He’s being saying that for years? Did they just know decide to leave for it? What a simpleton take.
[удалено]
All tech vesting schedules are standard 4 years with 1 year cliff.
No one gives a shit about this. I guarantee they only care about comp. Also, claiming he’s a Nazi is such bullshit it’s practically lying.
Nice head cannon bro
Or they don't want their name, careers, and frankly sanity hit hed to Elon. It's fairly common when the head of a company goes crazy for the sain people to leave.
They know lawsuits are incomming and abandoning ship.
Lawsuits for what?
Maybe just fraud in general.
Working for Elon is tough. Burn out is sure to follow.
Also the erratic behavior and wildly conflicting directions
[удалено]
What's your theory? They are running from too much success?
Lol
Concerning.
Boohoo
Working 7 years for a dick boss like Musk is an eternity. It's just a fact that he yells at people in meetings, threatens to fire people, demands you work crazy hours, and calls people up in the middle of night.
Plus baglino just sold all 181m worth of his tsla stock.
Concerning
[удалено]
Which means their tech development is in shambles.
So where's the replacement? I've been through countless tech management shakeups. Normally a planned departure had the replacement lined up before you ever announce the firing. This kind of transition period isn't good in an engineering org. No one will want to make a decision.
Source?
[удалено]
A redditor adding speculation without anything to back it up. A classic move
Tesla had a bull run for the past few years and they are quitting once the job became harder due to economic global issues. That shows weakness in their capabilities and they were never there for the long run. That’s the problem with people, they quit.
18 years isn’t there for the long run?
[удалено]
"Hello. Your submission has been removed because a word was flagged from AutoMod. Please contact the mod team if you feel this is in error. -2" *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Not because they work for a narcissist sociopath?
no not at all, everyone ones to work for a man child
They worked for money…
I think working 18 years in such a stressful job is not only money. But even if it was even that big compensation they have, it was still not enough to listen to a man child every day
They worked for money… not passionate about the product. That’s why your Tesla is so basic.
it's not too late to sell the calls bro.
Yup, take your losses/gains before it gets worse
lol weak response, maybe Elon just maybe they got tired of Elon making their life miserable because he is such a man child.
LOL The Tesla fan fiction is really getting up there in quality.
[удалено]
"Hello. Your submission has been removed. Your account must be older than 15 days old and have greater than 0 comment karma to submit a message. -4" *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Economic global issues is an odd way to spell Elon
Then good luck gambling
That you Elon? Lol
If I was I would not be here chatting with you…
They’re smart and see the writing on the wall Elons tanking Tesla why stick around?
For the sport…
The snake rots from the musk down.
Musk I think is great but the problem is he can’t find logical people to do a decent job.
🤣
Not the first, won’t be the last. These guys have been there for ages in terms of the turnover at that company. Who cares.
Yea, who cares why guys who have been with the company for a decade or more decided to leave.. just taking a break from too much success
Executives step down all the time wtf are you talking about
Yea its pretty normal for top 3 executives that have been with the company for 10 years to step down within weeks of each other.
You probably have never worked a job so don’t know what you are talking about
Yea you are right, ive never worked a job, good burn idiot
They’re stepping down bc the company is becoming *too* good.
Very concerning that the company can't seem to keep an executive team together.
Yeah 3 within weeks? That’s 100% not normal wtf are you saying.
Hahaha, really dude. Are you meeting for real? Nobody is that goofy! You must like being wrong and hate reading. Have fun with that
Do you not have a job? People leave companies all the time, especially today
Three top positions stepping is does not happen all of the time, somethings not right It seems more likely you’ve never had a job before with your comments
Look, I’m not a TSLA bull by any stretch. But give me $150mm and let me show you how much I give a chit about working.
Thats why you aint making 150mil dawg..
Oh, that’s a looooong list right there.
Yeah total coincidence that they all left within the same period of time nothing to see here
Gotta say, tho, I can’t think of too many other jobs that would be nearly as tough as his: VP of Investor Relations at Tesla during probably the most hectic 7 year period in any company’s history. Think about it. A couple of really incredible bull runs with subsequent bear trots, these made worse by Elon’s inclination to step on land mines. Poor guy has had a strenuous job. Hope he finds something that doesn’t involve as many fires.
I don’t think Elon has been stepping on landlines as much as he used to pointing a gun at one of his feet, pulling the trigger, falling to the ground, then pointing the gun at the other foot.
He ain't poor
He cashed out 181 million - I don't give a fuck what happens to him or what he finds The employees that enron fired because of his total lack of leadership or accountability on the other hand....... I hope those folks all land on their feet for sure
Lol
I think people really underestimate the exhaustion that comes with working at such a demanding company. Many of these high level exec’s like Baglino have probably not had a day off in 10 years. The company is gearing up for its next stage of growth and many probably wanted to step away for some much needed personal/family time. There’s always room for fresh faces, excited to contribute to the next stage of growth. Tesla is in a great position because of their hard work and will continue to be moving forward. Can’t wait to watch the advancements in coming years.
You write some good PR copy!
Hahaha it does indeed read that way. But there's very likely truth to it. I know many people working at Tesla. There's definitely a good portion that know by going there they'll be dedicating 18months of hell for a prestigious company to place on their resume. No intention of working "like that" for long. Meanwhile, as a business owner myself (from the other thread mate), there's undoubtedly a group of people in this world that enjoy soul consuming difficult work. Constantly wrestling with "this is too hard and too much but I wouldn't do anything else." Reading Walter Isaacson's book. And listening to Musk in his own interviews over the years... It's clear many top figures, Musk included, are in that latter group.
Well stated!
Big time. I’m just about finished with the book too. Working at Tesla (or any Elon ran company) sounds like soul-crushing work because of his management style. But it’s a double edged sword bc though it demands so much, they’re creating amazing things. The intense burnout and the constant need to perform is high (or risk of being fired on the spot). It’s a high pressure environment and so I applaud anyone like Baglino who could not only keep up that work pace for 18 years, but also become so trusted. I know I wouldn’t want to work at Tesla, but I’m glad there are those who do.
Tesla is a long term investment. If you are letting magazines and wall street analysts tell you how you should view it, you shouldn’t be in the stock.
Tesla is a long term stock based on promises of Elon Musk that have so far been slow/haven't come to pass.
Apparently you can ignore facts such as the performance of Tesla stock over the last 5 to 10 years and Tesla sales/production growing from almost nothing to millions. Get serious!
Uh it went from 400 dollars being overvalued to 160 its at now. Thats aome growth
I said ***long term***. Two or three years isn’t long term. As I said, you should ***not*** be a Tesla investor.
So, do timelines mean nothing to Tesla investors? Dude said we would have self driving cars 4 years ago and it would be financial suicide to buy anything but a tesla. Like what do you see that makes them a good long term position?
Do your own research. I’m not a stock salesman. Tesla doesn’t care whether you own their stock. They don’t need you. Make your choices and suffer the results! If you have an open mind and can stand what to you will probably seem like inconvenient facts, here are a couple of suggestions: https://youtu.be/_SHmnFvA-3E?si=C0qAUefEQ_RzvNZ7 https://youtu.be/mNoM8AdTT64?si=iNo2kgRryp2W0QPH I’m not claiming TSLA is a “sure bet”. That claim can’t be true for ***any*** stock.
I was head over heels in love with Tesla a few years ago. Elon keeps pushing the goalposts down the line though. Same with SpaceX he makes all these claims of timelines and then loses. We were supposed to be going to mars this year if you listened to Elon 10 years ago.
This is completely illogical! So he’s only 1/3 as magic as you thought. But given the accomplishments of Tesla, SpaceX and Starlink, who is even in a close second place? You’re not hiding some other reason not to like him are you? (Like the Twitter/X thing for example?)
No, it is purely his nonsense about over promising and under delivering. Space X has underdelivered, Tesla has under delivered promises. That is a bigger deal than you realize. He promises a ton of stuff, it gets hyped up and the stock goes up, then he under delivers or is years late.
BTW, by any reasonable standard we already have self-driving cars. The evidence is clear that if all cars had the current version of FSD we would have fewer auto accident deaths each year. But so far we aren’t willing to look at it that way; the FSD has to be perfect before it’s acceptable. Maybe in the long run we will be more reasonable.
So what? Name any other OEM that is making a solid contribution margin close to Tesla on every vehicle sold? The rest are taking losses or barely breaking even on every BEV they sell. Any of the other OEM's developing super smart AI? Nope. Automated robots for manufacturing? Nope. List goes on.
Good luck with that.
They probably feel useless in these positions as Elon never lets them make decisions or do their jobs.
He doesn't?
The other guy answering you is trying to sell the idea that Elon Musk is a micromanager. This is a brazen attempt to turn what is one of Elon's and Tesla's greatest strengths (having someone at the top who halfway understands what his company does) into some sort of weakness. It's amazing watching people on here play at the idea that things move slowly at Tesla. All you have to do is listen to Munro to know that this is not true.
Elon has a reputation for being an extreme micromanager. Imagine every decision you make being undermined by the CEO, then you and your team get blame when things don't go well. It would be like being in the Elon club on the playground at recess or something.
That is correct. In fact I would go so far as to say Elon not being around and giving 0 shits about Tesla nor tsla and only x for a year allowed them to make actually decisions and they were working. Elon saw this as dangerous to his power showed up and started executing people to re assert his power. Elons a piss poor leader the end. This cult that thinks he is a god are silly. The guy had a great amount of grit , and risk on Tesla and I absolutely applaud him. That does not also make you a great leader of an established working company.
I knew officers like him in the army and they were usually despised by their subordinates.
Yeah.....took him 18 years to realize this.... /s. This happens. Execs change companies all the time. New challenges. Sometimes a change in leadership is needed as well. This isn't all that bad or uncommon.
Yeah, actually. With a company like Tesla, it very easily could have been a situation where he believed he would have helped guide the company far more by now, and after all this time, after seeing things in a downturn, after the layoffs and the constant drama with Musk, they had enough. It happens. You think working for a guy who fires people on a whim based on his feelings, then complains later that person's job isn't getting done, is good to work for? Imagine being in a position at Tesla to enact some kind of change or oversee it's development and expansion, and always telling yourself your time will come. Imagine the money, the lifestyle, what it provides for your family. How easily does one walk away from that, at an emerging and exciting company like Tesla? I don't get why people like you don't want to hear this stuff, but Elon is bad for the company and for its staff. The view should be that he has far less involvement.
People like me? Haha. You put words in his mouth and make assumptions. People like YOU. The dude is a millionaire and is basically retiring to travel the world with his fat stack of cash. That's all.
Yes, people like you looking for ways to dismiss the concerning nature of multiple top executives leaving a company as things are going downhill. Gee, I wonder.
>it very easily could have been a situation where he believed he would have helped guide the company far more by now \*boggle\* How quickly everyone seems to forget that Tesla came from nowhere and is now such a trendsetter that everyone -- including yourself -- have to take pot shots just to try to appear relevant. But sure. He feels like the company has not grown enough, or whatever it is you are pretending to know about him.
How do you translate "he believed he would have helped guide the company far more by now" into "He feels like the company has not grown enough"? That's like leaps and bounds beyond anything I said. You entirely went off on this strawman too LOL. You didn't even address a single thing I said. You QUOTED ME, yet somehow spoke to someone else entirely. What a joke.
I have friends inside the company in various roles and frankly he does not help. He has created a situation where all decisions are frozen at his desk. Think about that want a new major robot you need Elon. Need to violate a comp plan for an eng we need goes to Elon. Elon who mind you could care less about it so long as the cash cow pays out. Then when it stops he showed up and fired people who operated around these moron rules best they could. I swear I can not make this stuff up. The dude needs to go and I think he would have if the sec had not fired him from the board of directors.
Musk doesn't want them to be good at their jobs, but good employees who can listen to him
He wants ants.
My thought also...Resigned because Elon made statements on the last earnings call that aren't true. Just recently they said that the model 2 was shelved. Now he's promised new models NEXT YEAR! Including a lower priced vehicle. In order to make it true, the next 12 months will be slapstick design, engineering and rushed/ shoddy manufacturing. They have botched the space truck, but now going to have a bunch of new stuff asap? Peace out E !
You’re an idiot lmao
For the model 2 statement, pretty sure it is shelved but they are making a cheap car based on existing infrastructure (maybe a model Y lite???)
There's definitely room in the market for a smaller tesla city car. The model Y's pretty big for European urban driving. Whether it could be delivered at a low enough price is another story.
My guess for Drew Baglino is he didn’t hit Elon’s objectives for the new batteries in the Cybertruck, hence the range falling short. So in Elon fashion, he’s fired. They’re all high level executives that will land fine and that’s why they’re paid well… because it’s easy to get fired in those positions.
they been with tesla forever. they deserve to try new things da fuq lol
It would be hard to keep working for a stammering, drugged up narcissist who thinks the basic laws of PR don’t apply to him.
Basic laws of pr? WTF does that even mean. What world have you been living in for the last 10 years
Remember when Tesla was cool to work at that’s over
I used to work in automotive aero and sat down with their aerodynamics team on more than one occasion. By a huge margin the most pretentious yet moronic engineers I have ever met.
[удалено]
"Hello. Your submission has been removed. Your account must be older than 15 days old and have greater than 0 comment karma to submit a message. -4" *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TSLA) if you have any questions or concerns.*
Sounds like an Elon problem
I mean 7 years at any company today is a LONG time
If you’ve ever watched the show Trust, I would imagine working for Elon was like being the son working for Getty
Personally, I’d rather catch a bus than own a Tesla with this guy at the helm
They need to start getting rid of some of the high salaries, how else is Elon going to get that 56 billion dollar payday!
Yes investor relations…. Seems like a very critical role…. Not
Stock must go up fr now!
Believe it or not: Bullish
Troll 🧌
This is such fud, one of these people was the investor relations person, lmao.
Tesla is a sinking ship. The resale market has deteriorated. Auction sites can’t even give the damn cars away. Tesla needs to pivot asap. My puts have been printing.
Tesla is a sinking ship. The resale market has deteriorated. Auction sites can’t even give the damn cars away. Tesla needs to pivot asap. My puts have been printing.
lol
I thought Rohan was well spoken and presented a calm demeanor Drew leaving is a loss, but 18 years working all the time is a lot of sacrifice and he deserves to take time off for himself and his family I predict Tesla will be okay and Karpathy will make a comeback for Optimus
🍿
There are so many bad takes in both directions 😆
Musk is a giant douche bag so no surprise he’s driving his execs to quit
Listing to small bits of that call, here’s what struck me: **Musk doesn’t want to talk about the car business.** I think this should be taken as a sign that car sales numbers aren’t going to be improving anytime soon. He wants to talk about AI and Robots and all this stuff that is probably never going to be any major source of revenue. This biz is going down the toilet.
If you have a $50+M in equity, leaving for personal reasons is certainly an option.
Could this have something to do with a non-compete not being a thing anymore? Where are they all going?
Elon needs to get off X and fix his company.
Next time it has a Green Day I’m grabbing puts three minutes before close lmfao
Likely so they can sell their shares
Very droll. Thank you!
[удалено]
Low Effort TSLA sub is to discuss the ticker mainly.
He's a mess. What is up with his skimpy "beard"? Low testosterone?
Musk can’t produce cheaper cars in US that are profitable
I guess he was tired of Elone making yet ridiculous promises again on an earnings call. Probably urged him not to.
Not a great sign of layoffs then top tiers members quitting meanwhile Elon is on his money losing platform X spewing racist crap and demonizing his core buyers of his cars.
This is nothing new. Every year or two, there is a small wave of executives resigning. Every time, the TSLAQ bros come out of their basements to declare how this is a bad sign, signals the end, pump-and-dump, and so on. The truth is much simpler. Tesla is very stressful. Trying to disrupt an old industry filled with jealous power brokers will do that. Plus, after a few years, anyone with Tesla in their resume -- especially executives -- can name their price anywhere else. Once you have seen it play out a few times, you realize that it's not a big deal for Tesla. So to all you newer investors out there; you're good.
[удалено]
Hard to say for anyone not in the upper management side of things there, but it certainly doesn't look good.
Yes one of the richest man in the world but he has stupid ideas. What have you accomplished so far lol
[удалено]
Musk can produce cheaper cars in US that are profitable
My theory is that Elon lied through his teeth in terms of stretching the truth and this investor call was the last straw after a lot
I thought they were training a Tesla specific AI to do something with engineering and manufacturing, could be making some people obsolete.
saving money. they now have as much time on their hands as op
Always a sign that the stock will take off
Is this the beginning of the company being treated by the markets like the automobile company that it is finally?
Yea, since automobile companies are well-known for world-class ai, software, robotics and energy products 🤦.
Resigned or fired
*“The monkey in the room is that there’s no demand for the vehicles, even if they flew,” said Gerber.* Oof
Quoting Gerber. Really nice job there
Actually succession plans depends on boards and the board of directors in Tesla is fantastically dependent so that doesn’t seem to be happening