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Tesla to cut hundreds more jobs: report

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Tesla cars suck..

1 ( +3 / -2 )

When your company is laying off key people in key divisions, one of a few things is are happening: Things are worse than you're letting on. You're making decisions on the fly because you have no plan. Products are stale and not moving off the shelf. This is a failure in leadership.

Yes the stock price has gone up but the company fundamentals are still lousy. They're bleeding market share, which will increase customer acquisition costs in the future, and as for this FSD, this thing is at least a decade away from being street legal in Europe and North America. China requires companies to give up patents and intellectual property to operate there. All this without the flood of litigation coming Teslas way in the very near future.

Musk needs to eliminate as many salaries as he can so he can convince shareholders to allow him to steal his $56b bonus package.

3 ( +4 / -1 )

Musk wrote:

"Hopefully these actions are making it clear that we need to be absolutely hard core about headcount and cost reduction,"

also Musk.....

"Now gimme $56 billion dollars, despite the fact that my stock sales to buy Twitter and my subsequent crazy right-wing shenanigans on Twitter are a substantial cause of Tesla's problems."

Musk is doing to Tesla what he's done to Twitter - offend consumers who are walking away. Sales of EV's in the U.S. is expected to hit 1.7 million units in 2024, from 1.2 million units in 2023. Despite substantial interest in EV's, Tesla's market share declined significantly. Unless Musk stops his nonsense, it's going to get worse - and sadly, it impacts everyone but him.

Elon's losing streak is heading towards TESLA.

5 ( +5 / -0 )

Basically the EV market is saturated, so Tesla and the other makers are going to find it hard to increase sales over the foreseeable future.

As subsidies for them end and the early adopters have already bought theirs, demand is evaporating among everyone else due to high prices (excepting the cheap Chinese cars being dumped into overseas markets), escalating insurance, poor range and charging infrastructure, lack of mechanics and panelbeaters prepared to fix them, and safety issues. Stocks of unsold cars are piling up at dealers who don't want to take on any more of them.

But governments are still diving head first into the net-zero insanity, forcing car makers to make EVs to meet their punitive CO2 targets. Don't get me wrong - EVs have a place and can be pretty good around town. My Dad has one and it goes like the clappers. But outside cities and in places where there's poor charging infrastructure, they're expensive driveway ornaments..

-2 ( +1 / -3 )

Basically the EV market is saturated, so Tesla and the other makers are going to find it hard to increase sales over the foreseeable future.

The market has literally been growing year on year every year since EVs were released.

So how are you defining a saturated market?

-1 ( +1 / -2 )

So he promises new products and in the same breath fires the entire new products team. Hmmm .....

1 ( +1 / -0 )

The market has literally been growing year on year every year since EVs were released.

So how are you defining a saturated market?

And now it's hitting the skids. Are you not paying attention to all the cars sitting unsold and orders drying up? Most of the people who want them have already bought them, and the secondhand market has plummeted. This might change in the future if charging infrastructure can be radically improved fast (unlikely, given the cost and materials required), but for all intents and purposes we do have a saturated market.

0 ( +0 / -0 )

IMHO, Musk is trying to fashion a Tesla where investors/shareholders are members of the Elon cult. With a vote due soon for his $56 billion pay day, I'm guessing he doesn't want any investors that can still think for themselves.

Just wait, someone on CNBC will say Tesla is Elon and Elon is Tesla, all the good execs have departed, so either vote the $56 billion pay day or sell.

0 ( +0 / -0 )

So he promises....

...and he shout from the rooftop a lot of other things to, only to U-turn when it suits him. For years now he's been touting scalable AI, and vision based autonomy. Yet, he's just entered into a deal with Baidu for lane level mapping, something he dissed in the past.

USA worked hard to secure him 100% independent Tesla in China, yet he's just entered into partnership with a Chinese company for what he himself has said is the greatest AI project on earth.

I'm guessing soon, X is going to be the champion of free speech unless told otherwise by the CCP.

0 ( +0 / -0 )

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