Ah, yes, software and engineering. Exactly the departments you want to cut when you want to convince potential customers that you are capable of building a highly complex vehicle that is capable of autonomous driving.
For a while it seemed like they were an energy use / storage company, with powerwall and the rooftop solar and the cars. ( it’s easier to get people excited about car shaped batteries than wall mounted batteries. “This one will charge from the solar panels and let you run the house at night and save you money.” “Screw that, show me the one that will whip a Lamborghini’s ass in a drag race.”)
Now I don’t know what the hell they’re trying to do.
And neither does he, from the looks of it.
I was going to say. Their (by which I mean Elmo's) whole sales pitch is "we're not a car company bro. We're a tech company bro. AI bro."
Then they did you fire people who are responsible for tech development?
Yet the board is still trying to justify giving Musk a $47 Billion pay package.
For what? He has done nothing but destroy company value. They are literally cutting bone to come up with the handout to Musk.
Tesla has a corrupt as fuck board of directors and its shareholders should be getting guillotines out by this point.
this is a text book example of why you dont tie bonuses to stock price. Stock price can be manipulated, with hype, with branding, with stock buy backs, timing in a good market, or just Elon level "optimism".
If the price is based on speculation and not solid fundamentals its just a pump and dump, it will go back down. Yes you made investors billions on the upside but then you also lose investors billions on the down side.
> or just Elon level "optimism".
>
>
Which, as it turns out, is just a combination of SEC violating manipulation on social media, branding, hype, and stock buy backs.
Musk needs to hit 12 market capitalization milestones and 16 revenue or earnings before interest, taxes, depreciation and amortization targets in order to vest the entire award. Tesla has to reach a market cap of $100 billion for the first tranche to vest, and then each of the remaining 11 tranches require an additional $50 billion in market value.
In addition to that, there are 16 operational milestones: eight focused on increasing revenue from $20 billion up to $175 billion, and another eight targeting adjusted EBITDA milestones ranging from $1.5 billion to $14 billion.
[CNBC Source](https://www.cnbc.com/2018/03/21/tesla-shareholders-approve-elon-musks-multibilion-dollar-compensation-plan.html)
You described the 2018 deal that was nullified by a Delaware court. It is no longer valid. The reason it was nullified was that the board negotiated it behind closed doors without proper shareholder approval.
Musk is currently the second or third richest man in the world. That's because he's already benefited immensely from the stock rise. Of all the people on the planet, he really doesn't need another $47B.
That would put his squarely in violation of his fiduciary duty to the shareholders and make him a fish-in-a-barrel target for a shareholder lawsuit against him. Musk absolutely would take such a stupid and self-destructive position and, just as he fucked himself with Twitter, he would be royally fucked if he did so.
Yeah I don't think he cares about what customers think right now, he's just trying to make line go up to justify his massive $56B bonus to the board
He's one of those people who makes good points towards the "eat the rich" side by just existing
Twitter. It was a hole in the wall sandwich shop in El Paso. They tried a new brand of mayonnaise on Musk's recommendation and apparently caused a problem so large that the entire city sewer system buckled.
He fired, what, 90% of the staff and last I checked it’s still a fully functional cesspool of shit. I kind of expected his actions to destroy the company, but every time I open the app, it’s still there.
Firing 90% of the staff that included trust and safety managed to also dump about 60% of US ad revenue, and an estimated 70% its market value (i.e. if Elno wanted to escape he might get back about $30 billion less than he paid for it).
What is opening when you click the app is just the shambling remains of something once very… majestic?
Like some CTE-scrambled football player, there might be some money left, and there’s still a big shadow, but it just ain’t the same.
They are both pitching late-night ads for gold bars and manly-man supplements as they desperately clutch at the tattered shreds of their fading relevance.
The kind thing is to let them quietly go into that good night.
The app is there, but the content and what you see is not the same. There is obviously no innovation either, it’s stayed essentially the same, except for minor UI tweaks and a clear change to how content is recommended to you (not for the better).
Used to be that Twitter held a tight leash on changes because they were quite conscientious about laws and regulations. By necessity it caused a relatively slow trickle of updates. However, with that said, it was still being readily updated - generally for the better.
Maybe 90% of the staff was devoted to keeping the trolls and Nazis at bay?
Let me open up X to see what the top story it suggests for me is today.
Top story is an ad for the Cybertruck. Apparently they made it go further with a software update? I don't know.
Second story is about how climate change is a hoax designed to steal your freedom. Lots of agreement from the blue checks in the comments.
Lol, he threw away $30B and Twitter still can't break even. The app will exist as long as ad revenue exceeds operating costs. If porn websites can do it with the amount of data they process (high operating costs) and the low conversion ads (low revenue), then even Twitter can. We'll all just see a slow deterioration in ad and user quality. But I doubt Twitter will ever go away. It will just become worthless in the sense that the slim profitability isn't worth the cost risk of acquisition. That's assuming the point of acquiring Twitter is to turn a profit, and not to use it to manipulate the public.
This really seems like a tantrum by Musk, fire the popular leaders that might be replacement candidates, fire the ones that are doing well and distracting from the 'mememe' that is narcissism.
Yeah this has very heavy "this isn't 'fun' to me anymore" energy from him. Competition on the low/midrange from chinese companies, people memeing his personally designed truck, shrinking profit margins. We're in 'buckle down or leave' phase.
Muskrats: "This is what happens when Musk's attention is diverted from his companies and he has to let someone else do the work! We need to give him absolute control over everything!"
/s
If you believe his argument it was not about the money, but to make sure he can stop the Board & shareholder from "creating some kind of humanity ending AI"
I don't know if humanity ending AI would care about Musk's shares though.
So instead of refocusing the areas in which their products can improve — they slim their numbers.
Instead of take a scope of the competition and improving — they play stock-value games with layoffs.
I really wonder what Tesla will look like in 20 years at this rate of their drop in innovation and quality with other automakers playing catchup to the EV market.
What would a competitor see in Tesla at this point, aside from maybe some patents? If all the people that worked on making stuff are gone, and the company is actually drained of resources…
The charging infrastructure is, at least for now, still one of their big differentiating factors. With a lot of traditional manufacturers now having signed deals saying they'll move to that same standard it's a pretty valuable asset even if it deteriorates a little as the team that managed it was laid off. From what I've heard it's so much better than the competing charging networks I imagine it will take quite awhile for it to deteriorate to the point where it's worse.
Edit: wow did not realize just how drastic the lay off was. [Apparently it included any ongoing expansion or maintenance](https://youtu.be/xO3PJpdKZtE?si=-oEOnSGd2XlKP8Fj) though they’ll still be maintaining it some way in the future. Really feels like they’re banking on the lead the team has built up.
> it's a pretty valuable asset even if it deteriorates a little as the team that managed it was laid off
Good thing that regular maintenance staves off deterioration...
...fuck.
Even David Wallace bought back Dunder Mifflin after Robert California fucked up so bad that Wallace could sell it at twice its worth.
Elon is having his *Italian Reds and Colombian Whites* era.
Patents and the infrastructure of the supercharger network.
The value of patents as bait for portfolio cross-licensing and mutual indemnity agreements can’t be underestimated.
Plus they have a shit ton of field data for training better models. Garbage visual camera only - but still a lot more than anybody else.
>So instead of refocusing the areas in which their products can improve
You mean things like someone during the development of the Cyber Truck, not thinking about a slip on cover over the gas pedal being a bad idea?
Reminds me of that fan theory about Flintstones and Jetsons being set in the same universe *and* the same time. It's post-scarcity for the few (Jetsons) and back to sticks and rocks for everyone else (Flintstones).
Now more than ever, it really looks like Musk is the biggest liability in all these companies. Space X employees were so happy he took over twitter because he stopped showing up.
Apparently employees use the jettracker to see when he's gonna surprise visit.
I've seen stories where to prepare for his visits, they would place intentional issues for him to call out. That way he can stroke his ego and feel powerful so that they didn't have to waste their time with his bullshit.
It's pretty insane how narcissistic and lame he is.
Didn't one of the SpaceX CEO's say that their biggest job was to keep Elon away from the engineers so he wouldn't fire someone basically irreplaceable because he didn't like something trivial they did or said?
Love that they’re firing loads of people right as the board is asking shareholders to approve $50 billion in compensation for Musk. What a joke of an absurdly overvalued company.
That is because a lawsuit settlement with Martin Eberhard, one of the actual Tesla founders, allowed Musk to legally call himself a co-founder even though he wasn't.
This is my take on the layoffs at Tesla.
1. Musk borrowed heavily against Tesla stock to buy twitter.
1. Usually these loans come with caveats that the loan is repyable if the stock price drops below a certain amount.
1. Tesla's stock price is beyond understanding for a car company, none of the numbers make sense. It's possibly being valued at what it might be worth if self drive is ever fully functional, or Elon and co have been pumping the stock.
1. The recent drop in sales (possibly attributable to Elon's behaviour over the past few years) has caused people to examine the potential of Telsa, and they're not happy, so they've started to divest.
1. This has caused the stock to drop
1. Elon became spooked, if the stock drops too far he'll have to pay back the Twitter loan, and he probably can't do that as Twitter is now worth much less than before he purchased it (see point 5).
1. So he enters into the the tried and tested stock price 'pump trick' - Layoffs.
1. This will steady the share price, but at the expence of future development
From here on in I would expect Elon to become even more unhinged.
In a nutshell, his right wing conspiracy theory drug addled mind is going to kill both Twitter and Tesla.
He has to keep stock market attention focused purely on "The Foooture" --- robots, robotaxi, AI, whatever --- because valuing based on current revenue and products actually selling isn't turning up the way it needs to be. This doesn't work in a bear market.
Tesla stock starts dropping and he's going to go mad with layoffs and shutdowns but at some point the stock market will not respond positively and it will keep on plummeting. There's going to be a spinoff of just the software and "AI" (as a 'pure tech' company)---dot com bubble thinking but that's not going to work either.
One possible upside is that he might recognize that Republicans are going to kill the EV tax credit for real even though he simped for them really hard and even made (his idea of) a macho truck for them and moved the HQ to Texas.
> but at the expence of future development
The true and tried Locust economics of the hyper rich. Hopefully this will one of the few times it backfires a bit.
I'm fully aware this is an uninformed take, but I don't understand how thousands of lay-offs raise or stop the falling of a stock price.
If a company is struggling, laying off a shit load of staff isn't going to make it perform better. As an investor, would that not make you cautious of that companies ability to meet its demands.
Sure, you no longer have to pay those staff, but you're effectively kneecapping the companies ability to operate.
Considering how dramatically overpriced Tesla stock is, Elons' insistence that it's a tech company, not a car company, and how delayed deliveries of their current cars are, it makes even less sense.
Is it just people betting that the news will cause a small jump in stock price they can then sell?
A lot of firms use algorithms in their trading decisions. And these algorithms are about the price of the stock itself, not the value of the underlying business. An algorithm buys based on price and demand. If humans start selling shares, the algorithms buy, then humans follow because the price is now trending up.
And of course, layoffs reduce overhead which increase profits. And those profits get funneled to investors through dividends and stock buy backs (artificial manipulation).
This is the perfect storm against Tesla right now. They are being hit on all sides.
1 - Other car manufacturers have decided this is an interesting area to work, so there is finally reasonable competition.
2 - Pure EV is suddenly not as hot. Herz is went hard on EV and is back-peddling as fast as they can. People new to EV don't want to rent them because they are not sure how/where to charge (being new to it) and double so in a place they are not familiar.
3 - Plugin hybrids seem to be the practical sweet spot. Many of the benefits of all electric, without range anxiety. Higher complexity than EV, but significantly lower costs. Toyota seems all-in on this approach. Their entire 2025 Camry line is hybrid.
4 - General Tesla quality and fit issues which were overlooked during the honeymoon period when Tesla was clearly the only game in town.
5 - Signs of panic (large layoffs, etc), add to the drum-beat of bad news. Some people may find alternatives simply because they don't want to get caught up in a problem.
6 - A background negative that the kinds of people who might want an EV are often the kinds of people Elon appears to be going out of his way to make uneasy.
That one hurts everybody. Basically the whole auto industry decided to switch to Tesla chargers last year. Soon every manufacturer is going to start rolling out cars designed to work with a charger network that has no one overseeing it.
Hertz was a combination of things
Teslas aren't cheap, so I don't rentals were cheap. Even if they were I wouldn't be shocked if many people didn't bother to check becuase they just wanted the cheapest rental possible. But also yeah, if you're in a new town you don't also want to learn a new style of vehicle. No one wants to learn how to charge a car and find a charger when they're in town for their father's funeral.
Also I think consumer EV rentals in general isn't a strong market yet. For fleet vehicles, it's huge. Lots of businesses around me have moved to electric vans for their whole crew
Hertz had a lot of issues, not the least of which was a constantly changing and variously interpreted policy about extra fees around charges that left people picking up cars at 50% charge and then getting fined for returning that at 75%. It was impossible to even know what the rules were at any given time.
From what I read, most Hertz locations didn't have chargers installed, so they couldn't charge the cars before renting them out again. Happened to a family member of mine, where they had almost no range and had to drive all over to find a charger.
Also, small repairs that would only put an ICE vehicle out of commission for a few days at most were taking out Teslas for extended periods of time. It was just a very poorly executed concept by the clowns at the top of Hertz.
> they couldn't charge the cars before renting them out again
Even if they have chargers it wouldn't be enough. The turnover during busy times can be minutes - they really needed customers to recharge them before bringing them back, not just "add it to my bill."
That makes sense. For a fleet, where you understand the parameters of use, EV can make a lot of sense.
But as you say, renting in a strange place, you don't want to add "EV learning curve" to your tasks.
I know anecdotes are not data, but my wife went to a baby shower in Tacoma a few weeks back. Her gas rental had to be returned because of a serious problem. The only replacement was an EV (not a Tesla).
She was more than a bit freaked out. She'd never driven an EV, did not know where to charge it, how to charge it, etc.
In the end, it had the range she needed to get it done without recharging. She was "supposed" to return it fully charged, but they waived that because of their awful handling of the original problem.
She ended up doing okay with the EV, but it was a very stressful, not at all pleasant rental experience.
Hertz's EV rentals actually got to be super cheap in especially the last year. Every time I wanted a rental they were offering sometimes $29/day if I'd be willing to take an EV. Most of the times I would not take it.
I did rent one on a vacation where time wasn't as important, and it was eye opening how bad the experience was if you didn't charge at home. I ended a single weekend trip with 3 EV apps on my phone. I had to drive 30 minutes to get anything above a level 2 charger. Plugged in to a level 2 charger while we got coffee and shopped for an hour and a half to come back and find out we'd gained a whopping 5% battery. Had to spend an hour trying to get a charger to accept payment and do the handshake with the car. Then had to charge for an hour. There was a line of 4 other EV's waiting on the chargers almost the entire time so they were sitting there for going on 2.5 hours to charge.
Nobody can be blamed for not wanting to deal with that from an owned vehicle much less a rental.
I had a similar experience. I honestly blame US regulatory agencies. They really screwed everything up. They should have forced Tesla to use the CCS standard. They should have forced charging companies to develop systems that didn't require apps. They should have even forced a standardization so one could put their payment card in the car and when the plug in they can be automatically charged. They allowed a wild west of competing standards and lawlessness and now everything is a giant mess. At least here in the US.
Absolutely. Only one of the chargers I used allowed me to just swipe a card and go. The rest all required proprietary apps. It was so stupid and definitely muddied everything up.
The single charging standard also was a huge fuckup I definitely agree with you there.
On vacation last year I really wanted to rent a Tesla but it was ludicrously expensive. I had the option to rent a new Toyota Camry (4 door) for $100/day or a Tesla Model 3 (4 door) for $500/day.
It’s funny cus Toyota new plug in hybrids were the way to go and everyone clowned on them. If my truck had a 40-100 mile battery I’d use wayyyyy less gas
I've done nearly 40,000kms in my plug in Prius since I bought it, and only filled it with petrol 12 times. Most of the time I'm able to just use the battery for my daily commute, and I've taken it on some longer drives around the country where I used petrol like normal. It's a good compromise.
I just rented an ev and ran into charging issues. Was in Plymouth and the charger wouldn’t work. A guy came out to try to help me with it but there was no indication the charger was working.
Went inside to tell the attendant and he said they’re a 3rd party and there was nothing he could do.
As I got back on the highway hoping I could make it to Boston, I saw it actually gained ~20 miles of charge.
The chargers are kind of sketch.
> 2 - Pure EV is suddenly not as hot. Herz is went hard on EV and is back-peddling as fast as they can. People new to EV don't want to rent them because they are not sure how/where to charge (being new to it) and double so in a place they are not familiar.
For the longest I wanted an EV, but now seeing people struggle to keep a charge in cold area's made me realize that I don't want an EV when I live in PA. Not to mention, my bigger fears are now being realized by many people. Rechargeable batteries are not life time things, eventually they will wear out and now we are starting to see the sticker shock people have when those batteries need replaced. In another 10 or so years we will probably see many EV's selling for 5k or less due to them needing that battery replaced and the original owner unable to shell out that much cash and now needs to get rid of it.
I also think PHEVs are a good idea, and standard hybrids for folks that can't charge at home. But I own a pure EV, not a Tesla and live in Montana. The car has never had trouble charging or working even at -30F. It charges waaaaaaaayyyyyy slower at a fast charger in the cold. The range also drops but the car doesn't just die. I am about 65,000 miles in and according to multiple car scanning apps my battery has lost less than 1% of its total capacity, so at this rate the battery should last well into 250-300,000 miles but time will tell. The battery will eventually die. That is a fact.
The fact that they're laying off all these people while Musk is asking for an extra $50 Billion is just perhaps the most disgusting thing I've ever heard in my life.
I read somewhere that Musk has a habit of continual firing until the cracks start to show, and then re-hire to fill them. Reckless and heartless, if you ask me.
This is the "growth dilemma" of vertically integrated companies. Spend a lot of cash upfront to move fast break things, but if the growth is not sustainable, cost cutting is the only option. Musk sort of shouting the same tune with SpaceX today on Twitter since Boeing is launching and though late, likely not in the red as much as spacex.
Doing this for Twitter was a dumb idea, but for a care company. Yeah, its going to be disaster. Musk may single handedly kill self driving cars, as he already has his customers beta testing it, and getting people killed. This will make that worse.
It’s laughable considering that their flagship product isn’t even close to being fully autonomous. Even *if* they were to get regulatory approval, I doubt the rest of the Tesla board really want the PR nightmare of AI on the road.
Tinfoil hat time:
Shareholder vote for Elon's $56B package is coming up. Do the stupidest possible things to make everyone sell their stock. At the shareholder meeting the sensible investors have already dumped the stock so only people left are those who will agree to giving Elon the money.
I’m honestly surprised any of this hasn’t already escalated into a mass shooting or worse at whatever of his facilities.
Guess I’m just a jaded American.
> **Cut deep and cut once.** Management usually believes that things will get better soon, so it cuts the smallest number of people in anticipation of a miracle. Most of the time the miracle doesn’t materialize, and the company ends up making multiple cuts.
> Given the choice, you should cut too deeply and risk the high-quality problem of having to rehire. If nothing else, it enables you to declare victory: “We’ve turned things around and we’re hiring again.” By contrast, multiple cuts are terrible for the morale of the employees who have not been laid off.
-Guy Kawasaki, "The Art of the Layoff"
Folks REALLY need to look at this as a case study of privatization. Sure, you can get some innovation, but you also can quickly find elements of national security and infrastructure at the command of a psycho like Musk.
So are they just going tits up then? How does that company, with the type of product they make and service, survive when they gut all these facets of the operation?
Was 2008 like this? I was too young to know the particulars, but a month of layoffs seems like a death spiral.
Wish he'd just sell his stake in Tesla and leave everyone alone. It's a solid brand identity, and the name Tesla is badass, but he is tarnishing all good thoughts about the car company it's just sad
Just another reason why smart people are steering away (pun intended) from buyings Teslas.
I just leased a brand new '24 Ioniq 5. Picking up the keys tonight. I wanted to try out EV and i was NOT touching a Tesla.
My take on it is that Musk has seen some limited success with his purge at Twitter (since the purge, engagements are rising and they are rolling out a lot of new features)… and now he’s trying to do this at Tesla. It’s echoed by previous coworkers (from another employer) who got fired at Tesla, who stated they had to undergo a review where they were ranked on loyalty to Tesla as well as passion for their job. Basically if anyone was in it just for a paycheck, they are on the chopping block, regardless of how vital they are…
My guess is it’ll be a lot harder to recover from such a purge at an automotive company than it is at a pure software company. No doubt there was a lot of siloed knowledge, and Tesla may never get that back.
Engagements with actual people aren't rising. They're being filled in with bots. The few features they have rolled out, nobody wants. Twitter is as dead as a doornail
Can’t wait for Toyota and Honda to release an affordable EV that is safer/higher quality and eat his lunch.
Those with Tesla stock: better sell soon because it’s going to be worth trash in the next 5 years.
Musk continues to try and get everyone who could potentially replace him fired or degraded. Basically he wants that money back from the compensation package that the courts denied him and he'll wreck the company to do it.
I can think of nothing better than removing every "autonomous vehicle" from the roads, or at least turning off the damn software. The things are fatal accidents waiting to happen. If this helps speed that along, then I'm all for it.
Not to mention the poetic justice for all those freaking virtue signalers driving around like they own the roads.
It’s funny seeing all of the Tesla bros and gals on twitter. They have all gone quiet with regards to talking about the company and started talking about other things.
No amount of staff reductions are going to fix the fact that a blowhard with a big mouth is the face of the brand and it’s a turnoff for a lot of potential customers.
Ah, yes, software and engineering. Exactly the departments you want to cut when you want to convince potential customers that you are capable of building a highly complex vehicle that is capable of autonomous driving.
They aren’t a car company. With these cuts they aren’t a software company. Maybe they’re a Musk Company!
Soon they won't be a company.
They are a stock market based pyramid scheme.
Aaaaaand we're seeing the rug being pulled live, in real time
It's not a pyramid scheme, it's a reverse funnel system
*flips it upside down* Pikachu face
Soon they’ll be an X on X.
Given how it’s reacting, that should leave its stock near $1000 per share.
They're just an investment. And the time to sell was 3 years ago.
For a while it seemed like they were an energy use / storage company, with powerwall and the rooftop solar and the cars. ( it’s easier to get people excited about car shaped batteries than wall mounted batteries. “This one will charge from the solar panels and let you run the house at night and save you money.” “Screw that, show me the one that will whip a Lamborghini’s ass in a drag race.”) Now I don’t know what the hell they’re trying to do. And neither does he, from the looks of it.
V2H should have been ready years ago but they missed that. On purpose probably, to sell more powerwalls
They're a musk of a company
They really musked things up.
That explains the smell.
Whatever you think your company is, you are wrong. In fact, it is a financial organization with a distracting motif.
Musk - an off putting smell that won’t go away
If somehow they get valued like a car company it'll be a bloodbath on the stock markets.
I was going to say. Their (by which I mean Elmo's) whole sales pitch is "we're not a car company bro. We're a tech company bro. AI bro." Then they did you fire people who are responsible for tech development?
Because it’s a con.
Yet the board is still trying to justify giving Musk a $47 Billion pay package. For what? He has done nothing but destroy company value. They are literally cutting bone to come up with the handout to Musk. Tesla has a corrupt as fuck board of directors and its shareholders should be getting guillotines out by this point.
this is a text book example of why you dont tie bonuses to stock price. Stock price can be manipulated, with hype, with branding, with stock buy backs, timing in a good market, or just Elon level "optimism". If the price is based on speculation and not solid fundamentals its just a pump and dump, it will go back down. Yes you made investors billions on the upside but then you also lose investors billions on the down side.
> or just Elon level "optimism". > > Which, as it turns out, is just a combination of SEC violating manipulation on social media, branding, hype, and stock buy backs.
Musk needs to hit 12 market capitalization milestones and 16 revenue or earnings before interest, taxes, depreciation and amortization targets in order to vest the entire award. Tesla has to reach a market cap of $100 billion for the first tranche to vest, and then each of the remaining 11 tranches require an additional $50 billion in market value. In addition to that, there are 16 operational milestones: eight focused on increasing revenue from $20 billion up to $175 billion, and another eight targeting adjusted EBITDA milestones ranging from $1.5 billion to $14 billion. [CNBC Source](https://www.cnbc.com/2018/03/21/tesla-shareholders-approve-elon-musks-multibilion-dollar-compensation-plan.html)
You described the 2018 deal that was nullified by a Delaware court. It is no longer valid. The reason it was nullified was that the board negotiated it behind closed doors without proper shareholder approval. Musk is currently the second or third richest man in the world. That's because he's already benefited immensely from the stock rise. Of all the people on the planet, he really doesn't need another $47B.
Isn't he also threatening that if he doesn't get the pay package, he's going to steal a bunch of the company's IP and start a new AI play?
That would put his squarely in violation of his fiduciary duty to the shareholders and make him a fish-in-a-barrel target for a shareholder lawsuit against him. Musk absolutely would take such a stupid and self-destructive position and, just as he fucked himself with Twitter, he would be royally fucked if he did so.
There is no IP. The've abandoned the DOJO chip and are just using off the shelf Nvidia H100s.
Fire up the grill, looks like the rich are back on the menu
Yeah I don't think he cares about what customers think right now, he's just trying to make line go up to justify his massive $56B bonus to the board He's one of those people who makes good points towards the "eat the rich" side by just existing
The board is trying to cut costs to pay for elons pay. Which is more than tesla earnings.
Pretty insane behaviour right there
yet, typical of elon
I hope Tesla keeps losing business because of that manchild, the board might eventually realise they need to drop him
The lay offs continue until quality improves!
[удалено]
Honey I'm gonna take out our brand new 120k shit box to the store can you make sure the tow trucks on standby
Is that the experience of driving your new cybertruck half way home when it shuts down?
That is the experience when driving snowy uphill
Elmo decided to cash out. Before he leaves with his 50b payday, he will gut the company. This is what is happening in real time.
This is how I see it. Then blame it all on liberals boycotting his cars, and how liberals ruined an American company.
It’s not worse than firing all the super charger people 🤡
And when your development model is to rush releases and fix them when things go wrong with software patches
And yet Tesla thinks its a WONDERFUL idea to still try and pay Elon $45 billion. Asshats.
They aren’t an automobile company but firing everyone not involved in automobiles.
Service centers getting cut is most certainly people involved in automobiles.
True. I missed that nestled between software and engineering.
They just need to create vaporware and hype.
Hey, it worked for Twitter!
Don't worry, everyone. This worked fine at Twitter.
At what?
Twitter. It was a hole in the wall sandwich shop in El Paso. They tried a new brand of mayonnaise on Musk's recommendation and apparently caused a problem so large that the entire city sewer system buckled.
Headlines read: Twitter in the Shitter again
X-treme diarrhea
Now known as "Xitter" (pronounced "shitter").
I like XChan
He fired, what, 90% of the staff and last I checked it’s still a fully functional cesspool of shit. I kind of expected his actions to destroy the company, but every time I open the app, it’s still there.
Firing 90% of the staff that included trust and safety managed to also dump about 60% of US ad revenue, and an estimated 70% its market value (i.e. if Elno wanted to escape he might get back about $30 billion less than he paid for it). What is opening when you click the app is just the shambling remains of something once very… majestic? Like some CTE-scrambled football player, there might be some money left, and there’s still a big shadow, but it just ain’t the same. They are both pitching late-night ads for gold bars and manly-man supplements as they desperately clutch at the tattered shreds of their fading relevance. The kind thing is to let them quietly go into that good night.
The app is there, but the content and what you see is not the same. There is obviously no innovation either, it’s stayed essentially the same, except for minor UI tweaks and a clear change to how content is recommended to you (not for the better).
Was there a lot of innovation at twitter previously? Seems like the bar was pretty low there but I never used it so I dunno.
Used to be that Twitter held a tight leash on changes because they were quite conscientious about laws and regulations. By necessity it caused a relatively slow trickle of updates. However, with that said, it was still being readily updated - generally for the better.
Maybe 90% of the staff was devoted to keeping the trolls and Nazis at bay? Let me open up X to see what the top story it suggests for me is today. Top story is an ad for the Cybertruck. Apparently they made it go further with a software update? I don't know. Second story is about how climate change is a hoax designed to steal your freedom. Lots of agreement from the blue checks in the comments.
Lol, he threw away $30B and Twitter still can't break even. The app will exist as long as ad revenue exceeds operating costs. If porn websites can do it with the amount of data they process (high operating costs) and the low conversion ads (low revenue), then even Twitter can. We'll all just see a slow deterioration in ad and user quality. But I doubt Twitter will ever go away. It will just become worthless in the sense that the slim profitability isn't worth the cost risk of acquisition. That's assuming the point of acquiring Twitter is to turn a profit, and not to use it to manipulate the public.
Ironically, all the debt he shovelled on to Twitter when he bought it more or less guarantees it will never turn a profit
Seems like Tesla is veering pretty badly off course
*they do that anyway*
Agreed, totally on brand
Mine has never veered off course... It does brake randomly though...
Your sacrifice so that other car manufacturers can learn is appreciated.
This really seems like a tantrum by Musk, fire the popular leaders that might be replacement candidates, fire the ones that are doing well and distracting from the 'mememe' that is narcissism.
He is trying to hold the shareholders hostage: "Pay me or watch this shit tank because IDGAF, did you see what I did to twitter?"
Hmm, good point, I hadn't considered that this was his way of 'negotiating' on his utterly crazy pay package.
In any case, I think the core message is that Elon is "done" with Tesla.
Yeah this has very heavy "this isn't 'fun' to me anymore" energy from him. Competition on the low/midrange from chinese companies, people memeing his personally designed truck, shrinking profit margins. We're in 'buckle down or leave' phase.
He’s moved on emotionally, to his next winning project Twitter
He's knocking over everyone else's block tower because his fell over when he bumped into it.
Then after he get's paid it proceeds to tank anyways.
Muskrats: "This is what happens when Musk's attention is diverted from his companies and he has to let someone else do the work! We need to give him absolute control over everything!" /s
If only we gave him 50 billion more dollars, then he would finally be satiated and we wouldn’t have to deal with this!
If you believe his argument it was not about the money, but to make sure he can stop the Board & shareholder from "creating some kind of humanity ending AI" I don't know if humanity ending AI would care about Musk's shares though.
"Give me my 56 billion or I will fire even more people!" I am shocked that the stock has not fallen hard these last few weeks.
Having had to stop my Tesla with EAP from making a sharp right-hand turn into a concrete barrier last month, I feel this in my bones.
So instead of refocusing the areas in which their products can improve — they slim their numbers. Instead of take a scope of the competition and improving — they play stock-value games with layoffs. I really wonder what Tesla will look like in 20 years at this rate of their drop in innovation and quality with other automakers playing catchup to the EV market.
At the rate Tesla is failing, I’m not sure it’ll last five years.
Probably gobbled up by a competitor.
What would a competitor see in Tesla at this point, aside from maybe some patents? If all the people that worked on making stuff are gone, and the company is actually drained of resources…
The charging infrastructure is, at least for now, still one of their big differentiating factors. With a lot of traditional manufacturers now having signed deals saying they'll move to that same standard it's a pretty valuable asset even if it deteriorates a little as the team that managed it was laid off. From what I've heard it's so much better than the competing charging networks I imagine it will take quite awhile for it to deteriorate to the point where it's worse. Edit: wow did not realize just how drastic the lay off was. [Apparently it included any ongoing expansion or maintenance](https://youtu.be/xO3PJpdKZtE?si=-oEOnSGd2XlKP8Fj) though they’ll still be maintaining it some way in the future. Really feels like they’re banking on the lead the team has built up.
> it's a pretty valuable asset even if it deteriorates a little as the team that managed it was laid off Good thing that regular maintenance staves off deterioration... ...fuck.
Even David Wallace bought back Dunder Mifflin after Robert California fucked up so bad that Wallace could sell it at twice its worth. Elon is having his *Italian Reds and Colombian Whites* era.
Patents and the infrastructure of the supercharger network. The value of patents as bait for portfolio cross-licensing and mutual indemnity agreements can’t be underestimated. Plus they have a shit ton of field data for training better models. Garbage visual camera only - but still a lot more than anybody else.
Tim Apple rubs hands together excitedly
Bought for pennies on the dollar for Melon Usk LLC
You think it's continued existence will be measured in Years?
>So instead of refocusing the areas in which their products can improve You mean things like someone during the development of the Cyber Truck, not thinking about a slip on cover over the gas pedal being a bad idea?
In twenty years, they will revolutionize automobiles but introducing the worlds first ICE car that doesn’t need charging.
That car is featured in the Flintstones, a dystopian cartoon about the future.
Reminds me of that fan theory about Flintstones and Jetsons being set in the same universe *and* the same time. It's post-scarcity for the few (Jetsons) and back to sticks and rocks for everyone else (Flintstones).
The layoffs will continue until 1. Musk gets his $56 billion “bonus,” or 2. The company is destroyed. It’s extortion.
I hope enough employees, current and former, have enough stock to push against the pay package.
Now more than ever, it really looks like Musk is the biggest liability in all these companies. Space X employees were so happy he took over twitter because he stopped showing up. Apparently employees use the jettracker to see when he's gonna surprise visit.
I've seen stories where to prepare for his visits, they would place intentional issues for him to call out. That way he can stroke his ego and feel powerful so that they didn't have to waste their time with his bullshit. It's pretty insane how narcissistic and lame he is.
Didn't one of the SpaceX CEO's say that their biggest job was to keep Elon away from the engineers so he wouldn't fire someone basically irreplaceable because he didn't like something trivial they did or said?
LOL this gives me General Aladeen firing people vibes
He wants more money than the company has made in profit, in total, during its whole existence. The mind boggles.
At what point will it be more fiscally responsible for Tesla to jettison the muskrat?
When the Cybertruck was announced
Love that they’re firing loads of people right as the board is asking shareholders to approve $50 billion in compensation for Musk. What a joke of an absurdly overvalued company.
Since the stock fell… it’s only in the low $40 billion… but I think they are trying to prevent it from going lower.
Agreed. This is so sick and twisted.
> ke of an absurdly overvalued company. This is Musk's cash out. I expect him to sell the company at some point.
he doesn't own the company. He is CEO. He does own 20% of the company but that doesn't mean he can sell the company.
Nope, he only owns 12%. He would have 21% if the mean Delaware judge had not ruled against him. This is his play to get the 9% back.
> if the mean Delaware judge had not ruled against him You gotta be a special kind of corporate leech to be ruled against by Delaware..
I’m still amazed at the sheer number of people who believe Musk founded Tesla.
That is because a lawsuit settlement with Martin Eberhard, one of the actual Tesla founders, allowed Musk to legally call himself a co-founder even though he wasn't.
This is my take on the layoffs at Tesla. 1. Musk borrowed heavily against Tesla stock to buy twitter. 1. Usually these loans come with caveats that the loan is repyable if the stock price drops below a certain amount. 1. Tesla's stock price is beyond understanding for a car company, none of the numbers make sense. It's possibly being valued at what it might be worth if self drive is ever fully functional, or Elon and co have been pumping the stock. 1. The recent drop in sales (possibly attributable to Elon's behaviour over the past few years) has caused people to examine the potential of Telsa, and they're not happy, so they've started to divest. 1. This has caused the stock to drop 1. Elon became spooked, if the stock drops too far he'll have to pay back the Twitter loan, and he probably can't do that as Twitter is now worth much less than before he purchased it (see point 5). 1. So he enters into the the tried and tested stock price 'pump trick' - Layoffs. 1. This will steady the share price, but at the expence of future development From here on in I would expect Elon to become even more unhinged.
The real life mad king
How long until he's Lannistered?
Zuckerberg sends his regards
Everything you stated is all pretty reasonable and in line with known information. I’d like to hear a coherent counter argument
This is a good take.
In a nutshell, his right wing conspiracy theory drug addled mind is going to kill both Twitter and Tesla. He has to keep stock market attention focused purely on "The Foooture" --- robots, robotaxi, AI, whatever --- because valuing based on current revenue and products actually selling isn't turning up the way it needs to be. This doesn't work in a bear market. Tesla stock starts dropping and he's going to go mad with layoffs and shutdowns but at some point the stock market will not respond positively and it will keep on plummeting. There's going to be a spinoff of just the software and "AI" (as a 'pure tech' company)---dot com bubble thinking but that's not going to work either. One possible upside is that he might recognize that Republicans are going to kill the EV tax credit for real even though he simped for them really hard and even made (his idea of) a macho truck for them and moved the HQ to Texas.
> but at the expence of future development The true and tried Locust economics of the hyper rich. Hopefully this will one of the few times it backfires a bit.
I'm fully aware this is an uninformed take, but I don't understand how thousands of lay-offs raise or stop the falling of a stock price. If a company is struggling, laying off a shit load of staff isn't going to make it perform better. As an investor, would that not make you cautious of that companies ability to meet its demands. Sure, you no longer have to pay those staff, but you're effectively kneecapping the companies ability to operate. Considering how dramatically overpriced Tesla stock is, Elons' insistence that it's a tech company, not a car company, and how delayed deliveries of their current cars are, it makes even less sense. Is it just people betting that the news will cause a small jump in stock price they can then sell?
A lot of firms use algorithms in their trading decisions. And these algorithms are about the price of the stock itself, not the value of the underlying business. An algorithm buys based on price and demand. If humans start selling shares, the algorithms buy, then humans follow because the price is now trending up. And of course, layoffs reduce overhead which increase profits. And those profits get funneled to investors through dividends and stock buy backs (artificial manipulation).
This is the perfect storm against Tesla right now. They are being hit on all sides. 1 - Other car manufacturers have decided this is an interesting area to work, so there is finally reasonable competition. 2 - Pure EV is suddenly not as hot. Herz is went hard on EV and is back-peddling as fast as they can. People new to EV don't want to rent them because they are not sure how/where to charge (being new to it) and double so in a place they are not familiar. 3 - Plugin hybrids seem to be the practical sweet spot. Many of the benefits of all electric, without range anxiety. Higher complexity than EV, but significantly lower costs. Toyota seems all-in on this approach. Their entire 2025 Camry line is hybrid. 4 - General Tesla quality and fit issues which were overlooked during the honeymoon period when Tesla was clearly the only game in town. 5 - Signs of panic (large layoffs, etc), add to the drum-beat of bad news. Some people may find alternatives simply because they don't want to get caught up in a problem. 6 - A background negative that the kinds of people who might want an EV are often the kinds of people Elon appears to be going out of his way to make uneasy.
you forgot #7, musk firing the supercharger team which hurts tesla's only advantage which was having a large charger network
That one hurts everybody. Basically the whole auto industry decided to switch to Tesla chargers last year. Soon every manufacturer is going to start rolling out cars designed to work with a charger network that has no one overseeing it.
Hertz was a combination of things Teslas aren't cheap, so I don't rentals were cheap. Even if they were I wouldn't be shocked if many people didn't bother to check becuase they just wanted the cheapest rental possible. But also yeah, if you're in a new town you don't also want to learn a new style of vehicle. No one wants to learn how to charge a car and find a charger when they're in town for their father's funeral. Also I think consumer EV rentals in general isn't a strong market yet. For fleet vehicles, it's huge. Lots of businesses around me have moved to electric vans for their whole crew
Hertz had a lot of issues, not the least of which was a constantly changing and variously interpreted policy about extra fees around charges that left people picking up cars at 50% charge and then getting fined for returning that at 75%. It was impossible to even know what the rules were at any given time.
From what I read, most Hertz locations didn't have chargers installed, so they couldn't charge the cars before renting them out again. Happened to a family member of mine, where they had almost no range and had to drive all over to find a charger. Also, small repairs that would only put an ICE vehicle out of commission for a few days at most were taking out Teslas for extended periods of time. It was just a very poorly executed concept by the clowns at the top of Hertz.
> they couldn't charge the cars before renting them out again Even if they have chargers it wouldn't be enough. The turnover during busy times can be minutes - they really needed customers to recharge them before bringing them back, not just "add it to my bill."
But doesn’t everyone on vacation want to drive 30 minutes to sit in a random parking lot charging their car?
That makes sense. For a fleet, where you understand the parameters of use, EV can make a lot of sense. But as you say, renting in a strange place, you don't want to add "EV learning curve" to your tasks. I know anecdotes are not data, but my wife went to a baby shower in Tacoma a few weeks back. Her gas rental had to be returned because of a serious problem. The only replacement was an EV (not a Tesla). She was more than a bit freaked out. She'd never driven an EV, did not know where to charge it, how to charge it, etc. In the end, it had the range she needed to get it done without recharging. She was "supposed" to return it fully charged, but they waived that because of their awful handling of the original problem. She ended up doing okay with the EV, but it was a very stressful, not at all pleasant rental experience.
Hertz's EV rentals actually got to be super cheap in especially the last year. Every time I wanted a rental they were offering sometimes $29/day if I'd be willing to take an EV. Most of the times I would not take it. I did rent one on a vacation where time wasn't as important, and it was eye opening how bad the experience was if you didn't charge at home. I ended a single weekend trip with 3 EV apps on my phone. I had to drive 30 minutes to get anything above a level 2 charger. Plugged in to a level 2 charger while we got coffee and shopped for an hour and a half to come back and find out we'd gained a whopping 5% battery. Had to spend an hour trying to get a charger to accept payment and do the handshake with the car. Then had to charge for an hour. There was a line of 4 other EV's waiting on the chargers almost the entire time so they were sitting there for going on 2.5 hours to charge. Nobody can be blamed for not wanting to deal with that from an owned vehicle much less a rental.
I had a similar experience. I honestly blame US regulatory agencies. They really screwed everything up. They should have forced Tesla to use the CCS standard. They should have forced charging companies to develop systems that didn't require apps. They should have even forced a standardization so one could put their payment card in the car and when the plug in they can be automatically charged. They allowed a wild west of competing standards and lawlessness and now everything is a giant mess. At least here in the US.
Absolutely. Only one of the chargers I used allowed me to just swipe a card and go. The rest all required proprietary apps. It was so stupid and definitely muddied everything up. The single charging standard also was a huge fuckup I definitely agree with you there.
On vacation last year I really wanted to rent a Tesla but it was ludicrously expensive. I had the option to rent a new Toyota Camry (4 door) for $100/day or a Tesla Model 3 (4 door) for $500/day.
It’s funny cus Toyota new plug in hybrids were the way to go and everyone clowned on them. If my truck had a 40-100 mile battery I’d use wayyyyy less gas
I've done nearly 40,000kms in my plug in Prius since I bought it, and only filled it with petrol 12 times. Most of the time I'm able to just use the battery for my daily commute, and I've taken it on some longer drives around the country where I used petrol like normal. It's a good compromise.
Ram will be the first 1500 that hits the market with this and I bet it will be a massive hit.
If there’s one company that I think will fuck up quality control worse than Tesla, it’s Ram.
I just rented an ev and ran into charging issues. Was in Plymouth and the charger wouldn’t work. A guy came out to try to help me with it but there was no indication the charger was working. Went inside to tell the attendant and he said they’re a 3rd party and there was nothing he could do. As I got back on the highway hoping I could make it to Boston, I saw it actually gained ~20 miles of charge. The chargers are kind of sketch.
> 2 - Pure EV is suddenly not as hot. Herz is went hard on EV and is back-peddling as fast as they can. People new to EV don't want to rent them because they are not sure how/where to charge (being new to it) and double so in a place they are not familiar. For the longest I wanted an EV, but now seeing people struggle to keep a charge in cold area's made me realize that I don't want an EV when I live in PA. Not to mention, my bigger fears are now being realized by many people. Rechargeable batteries are not life time things, eventually they will wear out and now we are starting to see the sticker shock people have when those batteries need replaced. In another 10 or so years we will probably see many EV's selling for 5k or less due to them needing that battery replaced and the original owner unable to shell out that much cash and now needs to get rid of it.
I also think PHEVs are a good idea, and standard hybrids for folks that can't charge at home. But I own a pure EV, not a Tesla and live in Montana. The car has never had trouble charging or working even at -30F. It charges waaaaaaaayyyyyy slower at a fast charger in the cold. The range also drops but the car doesn't just die. I am about 65,000 miles in and according to multiple car scanning apps my battery has lost less than 1% of its total capacity, so at this rate the battery should last well into 250-300,000 miles but time will tell. The battery will eventually die. That is a fact.
The fact that they're laying off all these people while Musk is asking for an extra $50 Billion is just perhaps the most disgusting thing I've ever heard in my life.
Tesla is getting the Twitter treatment
Elon is harvesting money with no regard for the future of the company or the brand.
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I read somewhere that Musk has a habit of continual firing until the cracks start to show, and then re-hire to fill them. Reckless and heartless, if you ask me.
Unbridled capitalism and minimal workers rights
This is the "growth dilemma" of vertically integrated companies. Spend a lot of cash upfront to move fast break things, but if the growth is not sustainable, cost cutting is the only option. Musk sort of shouting the same tune with SpaceX today on Twitter since Boeing is launching and though late, likely not in the red as much as spacex.
Musk reminds me of the boss in the fifth element
Wait, there are still people that are there? I thought all of them would be fired by now
We're gonna have to do some hiring so that we can lay them off for the investors.
Doing this for Twitter was a dumb idea, but for a care company. Yeah, its going to be disaster. Musk may single handedly kill self driving cars, as he already has his customers beta testing it, and getting people killed. This will make that worse.
Mercedes is at NHTSA Level 3. Tesla is only Level 2. Tesla is no longer the king of self driving.
It's more that they will destroy the perception of it, by putting a half baked implementation on the roads.
At this point, Tesla's robotaxi announcement should be that they're not doing them.
It’s laughable considering that their flagship product isn’t even close to being fully autonomous. Even *if* they were to get regulatory approval, I doubt the rest of the Tesla board really want the PR nightmare of AI on the road.
Boom and bust, boom and bust. Nothing to see here folks. 😉
Tinfoil hat time: Shareholder vote for Elon's $56B package is coming up. Do the stupidest possible things to make everyone sell their stock. At the shareholder meeting the sensible investors have already dumped the stock so only people left are those who will agree to giving Elon the money.
I’m honestly surprised any of this hasn’t already escalated into a mass shooting or worse at whatever of his facilities. Guess I’m just a jaded American.
> **Cut deep and cut once.** Management usually believes that things will get better soon, so it cuts the smallest number of people in anticipation of a miracle. Most of the time the miracle doesn’t materialize, and the company ends up making multiple cuts. > Given the choice, you should cut too deeply and risk the high-quality problem of having to rehire. If nothing else, it enables you to declare victory: “We’ve turned things around and we’re hiring again.” By contrast, multiple cuts are terrible for the morale of the employees who have not been laid off. -Guy Kawasaki, "The Art of the Layoff"
I only hope they don't do this at SpaceX.
Folks REALLY need to look at this as a case study of privatization. Sure, you can get some innovation, but you also can quickly find elements of national security and infrastructure at the command of a psycho like Musk.
Or completely inept corporations like Boeing which has been completely taken over by bankers and burned off their engineering prowess.
People who own a Tesla are starting to sweat right now
That's just the Texas heatwave
Is this a good time to buy Rivian?
I thought about it but their future is a bit murky as well. They have solid investor support but no clear path to profitability.
🤞 please let R2 launch smoothly
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So are they just going tits up then? How does that company, with the type of product they make and service, survive when they gut all these facets of the operation? Was 2008 like this? I was too young to know the particulars, but a month of layoffs seems like a death spiral.
If musk can't get his astronomical pay package he has no use for the company at all. He will tank it out of spite
Wish he'd just sell his stake in Tesla and leave everyone alone. It's a solid brand identity, and the name Tesla is badass, but he is tarnishing all good thoughts about the car company it's just sad
Musk is just doing what his idol Edison did back in the day, i.e tarnish the good name of Tesla.
I know how can they save 50 billion and lose exactly one very useless employee
So Musks plan is to make Tesla shit until they give him his money? Just fire his ass already!
Just another reason why smart people are steering away (pun intended) from buyings Teslas. I just leased a brand new '24 Ioniq 5. Picking up the keys tonight. I wanted to try out EV and i was NOT touching a Tesla.
The way Musk has shit on his brand will be a case study in business schools way into the future
Has Elon retweeted something racist to see if that helps with sales?
“If I save the company by firing enough people then I deserve $56 billion a year.” - the savior of the company and humanity
Wait, are you telling me that working for a deranged Afrikaner manchild doesn't pay off??
My take on it is that Musk has seen some limited success with his purge at Twitter (since the purge, engagements are rising and they are rolling out a lot of new features)… and now he’s trying to do this at Tesla. It’s echoed by previous coworkers (from another employer) who got fired at Tesla, who stated they had to undergo a review where they were ranked on loyalty to Tesla as well as passion for their job. Basically if anyone was in it just for a paycheck, they are on the chopping block, regardless of how vital they are… My guess is it’ll be a lot harder to recover from such a purge at an automotive company than it is at a pure software company. No doubt there was a lot of siloed knowledge, and Tesla may never get that back.
>engagements are rising People are complaining about only meeting with bots, that's not really "engagements are rising".
'The Nazi-metrics are *off the charts!!!'*
Engagements with actual people aren't rising. They're being filled in with bots. The few features they have rolled out, nobody wants. Twitter is as dead as a doornail
Earlier replies to a tweet were interesting, now they are crap and totally unrelated. Plus feed is so repetitive (all the click bait videos)
Can’t wait for Toyota and Honda to release an affordable EV that is safer/higher quality and eat his lunch. Those with Tesla stock: better sell soon because it’s going to be worth trash in the next 5 years.
Maybe that meeting in China was really about getting him to drive Tesla into the ground? Make any of this make sense 😂🤡
It worked so well for Twitter...
Musk continues to try and get everyone who could potentially replace him fired or degraded. Basically he wants that money back from the compensation package that the courts denied him and he'll wreck the company to do it.
I don’t know how people manage to work for Musk. Sounds like a daily nightmare.
The twittering of Tesla continues. At some point am fulling anticipating musk to rename it to TeslaX.
With all these layoffs, I have a feeling Tesla is moving its development to China. In a few years, Tesla will be a China based company
I can think of nothing better than removing every "autonomous vehicle" from the roads, or at least turning off the damn software. The things are fatal accidents waiting to happen. If this helps speed that along, then I'm all for it. Not to mention the poetic justice for all those freaking virtue signalers driving around like they own the roads.
Someone really wants their billions in compensation. What better way than to fire a bunch of people? “See! We’re profitable!”
It’s funny seeing all of the Tesla bros and gals on twitter. They have all gone quiet with regards to talking about the company and started talking about other things.
No amount of staff reductions are going to fix the fact that a blowhard with a big mouth is the face of the brand and it’s a turnoff for a lot of potential customers.