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If a full fifth of your workforce needs to be sacked, it's clearly a management issue, so let's start at the top.
He needs to fire the idiot in charge of the whole thing. I bet Tesla could make a recovery if he wasn't at its helm, even if he still owned the same amount of shares. Even more so if his ego could handle hiring a replacement that was all too happy to vocally throw him under the bus.
I think the problem is that it’s such a house of cards. It has no reason to be worth the current stock price which is higher than multiple larger car brands combined. The stock value is based on this legacy idea that Musk will deliver amazing innovation. If he stays, his Twitter bullshit is going to negatively impact the brand and if he leaves, the stock will drop to a realistic valuation based on fundamentals. It’s a bit of a lose/lose.
Long term, the company's biggest value is a charging network. Their cars aren't ahead of the rest of the industry anymore, except maybe in live software updates. Even that's been tainted by updates that make the car good or bad depending on the day of the week. The charging network, though, is only going to have more customers as other companies adopt Tesla's plug.
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He gets very mad if you imply or even ask if he should be accountable for any failings of his companies.
And this brain dead idea of his is literally just punishment like he's an ancient slave lord. Like this will motivate the remaining workers to double their output.
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He needs to fire the idiot in charge of the whole thing.
Thats not his job. That's the boards job. And yes, that's what they need to do.
Naw, their long term fucked by the Cybertruck pr-orders. They can’t reliably manufacture it quickly enough to make good profit on it. Firing 20% of their manufacturing people is likely just gonna make building them harder.
And they have to build like 750k more of them at a rate of less than 100k per year.
Long term fucked by a child’s design of a truck.
Okay, so we need to fire one fifth of Elon Musk. (Instructions unclear. Is a saw involved?)
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This is where real business men shine. Anyone can ride the wave of right place, right time. It blows my mind how much of our tax dollars are funneled to this bafoon.
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We have sold 1/5 less cars. So we need 1/5 less workers.
And people were questioning if he was worth his enormous pay packet.
"Why are we selling less cars, Elon?"
The fact that absurd amounts of money can take someone this dumb this far is frankly insulting and disgusting.
Sometimes, people fail upwards.
It just goes to show how easy it is to make money with money and no moral compass.
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Let's say we take this at face value and that reducing staff by % reduction is the 100% right move to do.
In Q1 tesla faced a week long outage at Berlin due to an attack on a power station.
In Q1 tesla had a multi week outage due to rerouting ships around the red sea due to ships being attacked.
That's a pretty substantial downtime for a factory in a single quarter.
Making a % to % comparison like that and ignoring wtf happened that quarter is senseless.
Edit: I also think it was the 1st quarter without the incentive on some cars in the USA and that shock takes time to adjust for.
Also it's weird to compare consecutive quarters instead of year-over-year quarters, isn't it?
Yes you don't normally compare q4 to q1 because cars are seasonal.
For example, the Chinese new year is in Q1 and always results in fewer cars.
It should always be comparing the same quarter as the previous year.
The media often uses this to their advantage to paint good or bad pictures of companies depending on if their masters want someone to look good or bad.
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It's pure and utter nonsense. If that was orthodoxy or even good sense no company would exist.
You have no sales as a new company do you have 0 staff or do you need to hire people to build product and make sales before you have ever sold anything?
The company sales increase by 10,000% by going from 1 sale to 100 do you increase your workforce by 10,000% too?
The man's brain is cheese from the drugs.
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Yep, that’ll fix the problem. Definitely when the head is necrotic, cut out the heart.
To misquote an old ad: maybe he's stupid, maybe it's ketamine.
https://www.cbsnews.com/news/elon-musk-don-lemon-interview-x-ketamine-use-tesla/
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This is one of the things about businesses I don't get.
If you cut your staff, your ability to make money goes down with them. Why would layoffs be the reaction to reduced sales? It's like they don't have any money in savings or something.
Oh wait.
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You’re all fired but I expect $56b!
I am the dumbest man alive meme.jpg
A fucking genius everyone. This is the guy we're protecting with domestic EV rebates. This and the "Surely Americans just want giant pickup truck EVs" crowd.
We deserve to have Chinese companies obliterate our domestic market, just like we deserved the Japanese companies. Maybe if we stopped letting giant corporations form we'd have actual competition and our markets would be harder to break into without the government playing favorites.
Emanuel. Jean Baptiste. Zorg.
At least he had charisma.
Is it bad to wish that he just goes under with all of his companies and that he goes bankrupt completely so I don't have to see his ugly face all over the internet?
Not at all, nobody wants to hear what stupid, hateful shit the Boer has been doing for the 2,078th day in a row, and I’d also like to see all the bazingas who line up to huff his farts go with him because they’re utterly insufferable too
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Maybe if he sends the thinking face emoji to more Nazis he will turn public sentiment around.
Is that how Elonomics works?
Gonna start running into the lump of labor fallacy real soon bud. Once cut that 20 percent ain't coming back, and finding replacements ain't simple.
I was generally considering getting a model Y, but learned that they can’t be exported overseas and still don’t have CarPlay and Android auto. Not to mention that it’s seemingly impossible to get an insurance quote without buying the car first???? Sorry, I’m going with another company.
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Hehe. Number equal number. I smart.
This guy's opinion seems pretty extreme. Maybe he needs 1/5 fewer extremities.
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Checkmate logicians.
4D chess (was 5D but 1/5th of the dimensions got downsized)
What a genius. /s
What the fuck logic does this dumbass employ?
"We failed to reach our quota in time. Let's reduce the number of workers so we make even fewer next time!"
Is he assuming each worker spends X time doing their thing, so more workers = more time? 🤦♂️
Yeah, that was my take as well. If demand was low, okay maybe. But failing to meet delivery targets? Reducing staff isn't going to help that.
Our workforce failed to meet a quota set by management, so we're laying off some of those workers
wouldn't this just make the problem worse
Yes. Much worse.
He must be really mad if he didn't try to make work in the numbers 420 or 69.
Like saying he wanted to keep only the lowest paid 69 percent, or something like that.
What a strange I mean stable genius
Hope he also cut his salary that much and the same for all C-levels. Somehow, that never seems to happen. They all worked admirably.
Looks like the Elonmobile isnt selling well
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this post was submitted on 22 Apr 2024
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