‘Their sales are down 13 percent’: What is the reason behind Tesla's downsizing?
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- Опубліковано 17 кві 2024
- The Tesla Gigafactory in South Buffalo is laying off 14% of its workforce - but how did such a big brand get in this position? And did New York State get a raw deal bringing them to WNY?
So NY tax payers paid almost 1 billion dollars for a factory to create nearly 1500 jobs. And Tesla only has to pay ONE DOLLAR a year for 10 years to use that billion dollar facility. That was the agreement. Wow.
Corrupted Democrat
Seriously!!! That’s insane. Who tf made this deal
Texas had a similar deal and they are losing 2700 workers.
Supply and demand simple- no one wants EV
Exactly right! EV’s are dead
Maybe because its you guys watch too much anti-EV climate denial propaganda.
Hey, every little bit counts. 285 employees at a burden rate per year of $75k helps Tesla get $21M closer to paying Elon his $56B for working at Twitter.
Free speech is priceless 💯🇺🇸
👍🏻, fken eh
Why purchase a vehicle that is expensive to buy and maintain?
🤦♀️Exactly!!!🤷♀️
I think the EV market is done for. People still want gasoline powered vehicles regardless of what politicians are saying. Combustion engines were the greatest invention ever. They allow you to travel freely, where as EV's are limited to charging stations only.
What I like about ICE cars is the sound of the engine roaring when you hit the gas pedal. You don't get that with EVs and the range are terrible in cold weather.
@@walden6272 The range with EVs are terrible anytime. Can you imagine driving from Cali. to Florida. It would take you a week. Not to mention standing around at a charging station for hours.
@@van6278 If the charging station has all the chargers working, Bad luck when you plug in and the read out tells you the charger is out of order. And your down to 5 percent charge left.
The story is more complex, Tesla saw massive declines in sales, others like Ford nearly doubled EV sales. This might be more of a Tesla story than an EV story.
Who wants to pay extra for a vehicle that has super expensive repairs through the dealerships, all the while carrying the risk of battery replacement, which will absolutely break the bank?
What part of no freakin’ way is hard to understand?
State and Federal tax breaks for deep pocketed feel-good people to live out their greed and stupidity.
a lot of companies bought Teslas, and many folks bought them when they couldn't get the ICE vehicle that they wanted. Now people have realized the huge disadvantages and extra costs of owning an EV, and people are going back to ICE vehicles. the stock market folks claimed that Tesla and Ev's were the future, but those people have never actually dealt with actual customers. Tesla is on a dead end road and they will be out of business by 2028.
Do you own an ev? I do. No oil changes, added about $15 month to electric bill. No gas price shocks. Fun as heck to drive.
@@Karnakthemagnificent higher insurance, Higher priced tires that wear out quicker. Hassle to charge on long trips. Fire hazzard. hard to get them serviced...
@@davewhite113 Not really, insurance is about the same as any car in the same price range that can go 0-60 in under 5 seconds. As for fires, I really do not know why people cite this, according to NFPA, EVs are LESS likely to catch fire than conventional cars. As for tires, the new generation of tires last about the same as any high performance car tire, about 25-30K miles. Never had issues servicing mine, but I don't own a Tesla - those are notorious for being poor on customer service.
@@Karnakthemagnificent You're wrong on almostevery point. FACT, insurance is higher because they have to total so many after a fender bender because of fire concerns after the slightest wreck..... The NHTSA has not stated what you claim. The stats with ICE cars catching fires are OLDER cars that have not been properly serviced. If you look at fires for cars that are 3 years old or less, EV's catch fire MUCH MORE OFTEN..... Look at the actual FACTS, not just numbers involving old cars....
😂😂😂😂😂😂😂
EV demand has leveled off. Most cannot afford a Tesla. Of those who can, most don’t want one. If they did, they’d have one by now. The early adopter phase is over.
The early adopters will be the only adopters.
Rivian is next. Cough Cough.
Incorrect, they’re turning down corporations like Amazon in favor of customers.
Rivian is actually in better shape than Tesla.
@@Karnakthemagnificent I believe Rivian stock went from 100 to 9 bucks over the last 2 years,,,😂😂😂😂😂
@@Thenakedfinisher The 2 year high was $40. But all automakers have been struggling, the auto sector is down -35% YTD. The difference for Rivian is that they have excellent commercial trucks, an excellent pickup/SUV in the R1 series, and 2 affordable smaller platforms coming in the next 2 years. They will be fine, they are not Fisker. As for Tesla - they have nearly indistinguishable bars of soap designs with cellphone interfaces and the cybertruck. I would bet money on Rivian.
@@Karnakthemagnificent They have a good truck, but they are not in better shape than Tesla
The don't make cars in Buffalo.
In Rochester they were building a battery recycling plant and have spent 700 million so far. Construction has stopped. Probably the EV boom everyone was told about isn't what they hoped. Maybe in a few years when battery's will start to be needing to be replaced their might be a demand, but who knows. May cars are being scraped when the battery goes, as the cost is more than what the car is worth.
Interesting, a loss is now a success? Very interesting this new world we live in with gigafactories lol! Muskrat is a thief !
This was a solar panel factory. It has always under performed.
He is a business man and not your mommy .
Answer: Poor Senior Management. Perhaps Elon Musk ought to consider showing up for work once in a while.
Nobody wants evs bud. Not to mention the economy is dieing.
I checked the NY Warn notice and Tesla only reported 26 people laid off.
If there's a subsidy, Tesla and Musk will milk it for all it's worth.
They have lost 40% in a year.
Everything must be balanced... perfect
If they could produce parts more efficiently and provide accessible timely, which drive down the cost for repairs thus lowering insurance premiums, then a good chance more people adopt to EV.
All large American corporations lay off, or force retire, about 10% of employees each year, and hire about the same each year. The reason is that there are always about 10% of the work force who are less or non productive and new hires tend to be harder workers and more energetic. This has been going on for at least 30-40 years with ALL large American corporations. Wake up America, you have to look out for yourselves and you can not depend on the company to take care of you.
285 people is a drop in the bus kettle
Democrat always gives empty promises
Who has the coroner now on the EV market ?
No body really, except maybe the golf course cart manufacture.
Growth has been slowing cuz the early adopters of EVs already bought theres. The rest like don't care about them or there are some don't have that kind of money. Plus, interest rates are waaaay too high. But people are buying ICE and Hybrid card..
When you take a private sector job they can release you from employment at any time if sales drop.
Hype overheated the EV market at the same time car sales were boosted and artificially overpriced due to COVID shutdown related parts availability. Now it's in a downturn. Layoffs are a natural outcome in these cases. Sadly.
At the end of the day, Tesla is a ‘sausage factory’ just like all of the other car manufacturers.
Model 2 Scrapped
CT Recall n NOT Selling well.
TSLA Goes below 150
Next Target Below 100
I like my hybrid.
My guess Tesla will hire new employees.
Yes, because of high income over time. After a couple raises will need to be laid off. Promote others and grab new employees with lesser payouts.
Very common practices of every company must do to balance everything.
Tesla has removed all job postings.
Inflation has destroyed the purchasing power.
@@francismarion6400 no - Musk made his brands toxic.
@@Karnakthemagnificent How? Their sales were up until recently.
Like Leon's tweets. Or not.
There are many Tesla cars on the streets and highways of California. More every year. I’m surprised.
Just watched a video of a guy trying to make a relative short trip in LA. Took him a long time to find a charger that worked after waiting in a line of people waiting for a spot. And if all the chargers were working, the voltage was reduced a lot even for the fast chargers, long wait for a 50 percent charge.
Why don’t you guys talk about Amazon or Walmart or something or about google Facebook etc only Tesla smh
Tesla sales are down 18% year over year in China.
Banking on EV cars is a risky venture. My brief humble investigation is that people are liking the hybrids but not Electric Vehicles (EV) cars. A large group who have bought EV's when asked said, they wouldn't buy another EV again. Expecting success and trust from a billionaire who owns 189 billion and hates unions is delusional. Word is Tesla treats their workers (our local people) like cow crap. Blame Musk and Albany.
Another bot
no one forced people to work there
Treated like crap as in the company actually needs you to work for your salary?
@@user-xd7zr5zy8k Dude you can't be that brainless. 🤔Hmmmm maybe you are.... In that case the whole idea of the Tesla tax break from NY politicians was to create GOOD WNY jobs. Do some investigation before you type please.
@@conceptcs Please learn how to type coherent sentences. If you mean what I think you mean it's an anti-worker statement not deserving of consideration let alone contributing to intelligent discussion.
Slightly affordable to buy electric vehicles BUT dealership repairs are ridiculously expensive. For example, how much does it cost to replace the battery pack? Compared, AutoZone or Walmart battery from a regular vehicle? Especially in Texas it is a crops country. Imagine cutting crops within an hour I need to recharge the battery, how long will it take to recharge? 😂. There are many factors.
Governor Greg Abbott in 2022 or 2023 placed a law to avoid the same situation in California, banning fuel vehicles. Now is an option, which places electric vehicles as secondary. The only way Elon will survive is to move to a banned fuel state for sales. BUT is at higher risk due to competition, having more luxury interior.
If he doesn't quickly move electric vehicles on luxury, will crash and only keep SpaceX. Which is giving him 💰 more on space deliveries.
😂😂😂
INHUMANE LAY Off
BOYCOTT Tesla
😂😂😂😂😂😂😂😂
Build overpriced crappy evs, complain no one wants to buy this crap. Trains are solution not evs
No one wants these garbage Tesla.