Elon Musk's Reaction After Tesla Just Lost Some Of Its Most Important Executives
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- Опубліковано 14 кві 2024
- You guys probably already heard that Tesla is cutting 10 percent of its global workforce, but did you know that very famous top executives that helped to make Tesla what it is today, are also among them?
Elon Musk's Reaction To Tesla Job Cuts
Over the weekend Tesla has started massive job cuts. Elon Musk Says “There’s Nothing More I Hate, But it Must Be Done” as He Announces a Massive 15,000 Employee Tesla Job Cut - Adds “It is Very Difficult to Say Goodbye."
#Teslajobcuts #Teslalayoffs #tesla
This is Armen Hareyan from Torque News. Please follow us at / torquenewsauto on Twitter and www.torquenews.com/ for daily automotive news.
Reference
Torque News Tesla: Elon Musk Says “There’s Nothing More I Hate, But it Must Be Done” as He Announces a Massive 15,000 Employee Tesla Job Cut - Adds “It is Very Difficult to Say Goodbye”
www.torquenews.com/11826/elon...
Autorevolution: Tesla Loses Some of Its Most Important Executives in Massive Layoff Round
www.autoevolution.com/news/te... - Авто та транспорт
EX-Tesla staff here. After finding out my badge didn't work this morning. I wanted to find out what was going on. And like always NO ONE knows what's going on. My boss didn't know NOR anyone above him knew. We were all pretty much blindsided. If I was in Elons shoes, I would take the Nintendo route to improve moral. take a HUGE cut from my salary/investments and give back to the company so my company would thrive and work harder. creating a caring environment. But that's just me.
LMAO. riiiiiiiiiiight. your savior Eloon will do that. keep waiting!🤣🤣🤣
The same happened in Starlink (SpaceX), and they kicked out people like garbage forcing most of them to sign a draconian contract ("Termination Agreement")... many people who are till refusing to sign it are being threatened....
So when the Boy Wonder
takes TSLA from $400/share to $100/share
Guts the price of his flagship Model Y by $21,000 in less than 2 years
taking it from a premium category to a compact category
and wants $55 billion to do so
There are predictable consequences
that we are witnessing firsthand
He created a 4th American company and an electric one. Did you think it would be smooth sailing?
@@daleravic EVs are based on many lies - and the reason they will fail.
1) Man-made global warming hoax
2) EVs will help solve lie #1
3) The existing electrical grid will support EVs hoax
4) EVs will be cheaper and easier to use than ICE hoax
We are witnessing the collapse of the BEV industry because the lies have caught up to them
Hybrids will make it because they were here way before Elon and will be here after Elon
The kiss of death Tesla going down
nopeey . kiss of democrats.
from Satan
Musk is why I didn't buy a Tesla, and bought a different ev instead. Musk is problem for Tesla.
I will never buy JACK and sh.. (met jack quota already) from that clown car maker. I also don't log into shtwitter(x) anymore either.
people needs to pay car twice/thrice otherwise they dont learn...
Lol what one did you buy? Don't lie and say you love it.
Nothing will change.
EVs are dead, until better technology is implemented and that includes Tesla.
If I was in Elon's position I would shut my political mouth, hire a team to handle consumer concerns, and offer great insurance rates to anybody using FSD.
Elon Musk does not wholly own Tesla. He has like 20%? It means 80% is owned by other shareholders. Being a publically listed company a CEO has certain fiduciary responsibilities that must follow various rules and requirements. The board of directors is tasked with ensuring senior leadership is acting in the best interests of the company and it's share holders. Both CEO and the BOD are not performing this responsibility as well as envisioned. Tesla (at the moment) is a car company. The focus needs to be aimed with that in mind as it's revenue from car sales that provide resources to pursue technologies that will commercialize in the future. Tesla is targeting two steps ahead with resources poured into future revenue opportunities while depending too heavily on 3/Y to generate the sales to fund everything. This is too risky and it's playing out. Tesla needs a product portfolio that "accelerates the world to sustainable energy". Also the aspiration of selling 20 million cars by 2030 has been allowed to drop from the radar. A broader portfolio is needed to ensure car sales are robust enough to fund the operations that now are too heavily focused on "tomorrow". Finally Tesla has (to their own admission) reported 2024 to be a "gap year". This is simply poor management. Elon Musk admires many of the Chinese automakers. He would be wise to understand some of their goals as "car companies" and product breadth. If I were on the board of Tesla I would explore a Co CEO structure. Elon is a brilliant man. But he sometimes seems to view Tesla as his" toy box". A high ranking Co CEO with true responsibilities to shareholder consideration and annual growth goals is needed to balance Elon. My "2 cents" which means nothing to anyone but just shared for fun and support of this channel. 😊
😂😂
when I think of brilliant and genius.....For SURE i think of orange jezuz and this lunch box that is cyber truck!! paaaauuuuppy powwwwwerr!!
The bloom is off the EV rose. Reality about EV limitations and inconveniences is dawning on consumers.
Not surprising with this economy...
The Titanic Captain starring Elon Musk
Tesla is building a powerful competitor
Elon: "Let that sink in"...
We have been in a recession for many many months it looks like the near future will be a depression no wonder he has to get rid of 10% of his Workforce he's not the government he can't just print more money/ payroll whenever he feels like it.
IMO, Musk is more at fault than anybody for Tesla’s business predicament. Failure to prioritize a basic, inexpensive EV was a massive miscalculation. Expensive, luxurious, high performance cars make little sense when battery technology just isn’t good enough yet. Besides, there isn’t an inexhaustible pool of potential buyers for such vehicles anyway. So Musk has oversold and under delivered. Tesla’s biggest problem is more that the stock price was juiced too much and now people are catching on, in a big way, to the unwarranted hype…. Anybody who invested in Tesla within the last couple of years has lost big time. Finally, Tesla is still profitable so why a need to save on salaries???? Seems that getting more stuff designed, debugged and in production quicker requires more people rather than fewer. This RIF proves that Tesla has a demand problem.
Great comment, too bad a 20 thousand dollar car was not a first priority for Tesla.
People are seeing that EV are too expensive for the average consumer, and that same goes with vehicles built by the Big Three. They should have concentrated on making simpler , more affordable , and more reliable. The problem are too many recalls and the replacement parts are not much better than the original parts. $20,000 for trucks are still too much for the lemons
True, should have gone with the original VW bug, people's car scenario, but the man is all "fancy pants" and knows naught of the people and the needs.
Musk is not an average Joe.
He sees and thinks different way.
There fore he has come to this point.
No wonder that Average men/women cannot understand his way.
He keeps heading beyond.
Incomprehensible and rough ride but somehow successful.
One way to keep loyalty
I worked at SpaceX and it was very stressful to work for Elon. He expects everyone to be workaholics like him. The perks are great but I routinely worked 12hrs a day which included Saturdays plus half a day on Sundays. That’s why they want to spend more time with family. Layoffs are routinely done to get rid of dead wood at most high tech companies. That’s nothing new, and does necesarily mean that they are in trouble.
Did VW not do the same ?
This should be good news for the other car companies, I would pick him up.
Elon is just applying his genius strategy that proved so successful at Twitter. What can possibly go wrong? It's done with the best of intentions.
What is that strategy that proved on Twitter? Can you please specify more in details Elon Musk's Twitter strategy that he wants to now apply to Tesla?
@@Torquenews Step 1: Sell $TSLA to finance purchase of the gem formerly known as TWTR. 2: Fire the brain trust.. Step 2: Blame former brain trust for stock collapse. Blame all others for behavior of 3 year old. Being a Nazi and racists helps as well..
Elon is toxic for his brands now. He needs to step down.
Elon Musk has always been a risk-taker with a strong vision. While his actions can be polarizing, they've also driven innovation at Tesla and SpaceX. Maybe the focus should be on results, not personality.
@@Torquenews yeah focuz on those trump mobiles bro! i'm waiting to buy one JusT becuz of Eloon. He is my savior for sure. If he throws in a free X account with the cyber truck, i'll get it for sure!! keep that head up bro, not down in the sand like me!
History of the car 🚗 industry, ballyhoo and hype!
Lean & Mean that's Tesla's Success story.
The future of Tesla is bright but making cars will not be at the top of the tree but FSD leasing will be!
However, that might still be surpassed by Optimus but the need to produce cars will take a step back.
Cars are the backbone, without cars no FSD no Optimus.
It was the backbone, I agree but not now. I’d always be willing to say I’m wrong but this time….?
@@Indecisive7337 not now??? Let me help you Mr/Mrs Indecisive how many robots will be sold in 2024 yes about 0. Hold that thought and answer the question how many will be sold in 2025? If not convinced please check the competition. FSD licences? Again what will be the sales in 2024? Check the competition (eg a small but promising company called nvidia). Further the EU has still not approved FSD and many regulators will require a radar like system included. Big players will have their own system either in house build or third party. So left only small players US bound. Doesn't seems a great market to me.
Better focus on the EV market, last 5 year no successful commercial launch of a new product. Energy market for now a good distraction but unless Tesla put some real added value into its energy products it is just the name and a bit of software.
My advice to you watch less Tesla pumper channels and if you still like to watch see them as entertainment and as they always state "not financial advice".
Wow, I never though Drew would have been ousted, he will find another job in the blink of an eye
The late Charlie Munger got ✅️ right😢😮 !!
Tesla Unplugged
Oh well.
Excess of lazy not needed workers. Cant blame Tesla.
Welcome to the car business Elon.
Elon didn't know that??
Is wear if you lay off people then thebstock should go up. All is wierd.
I SUPPORT ELON. Many companies MUST reduce production or staff because of a temporary demand slump. Blame interest rates, the economy, Cybertruck ramp and maybe the slow perfection of the 4680 batteries. ALL EV sales are down worldwide. LUCID and RIVIAN stock is down 90%+. I bet you dont realize that TSLA is up 14,000%. Every major domestic and foreign ICE maker's EVs are in the tank. BYD (the Chinese company directly supported by the govt) has dropped production dramatically. I am GLAD this 'shakeout' is happening. I own 7750 shares at $219 basis. I will buy more if it drops to low $100's.
If you thought it a good buy at $219 then why not buy more now???
My friend I think Tesla is cutting jobs because of AI 😢
They're cutting at the right time. Telsa has reached huge milestone in the past two years, it's time for older leaders to move on and bring in new blood for the next leg up.
What the hell are you talking about??? Investors have been unhappy with Tesla for the last two years as evidenced by the massive sell off…
The board of directors should consider new blood with regards Elon himself,,,,,
@@sunrisejak2709 In time, sure... as successful as Tesla is, it's still no where near a Microsoft or Apple in terms of brand recognition or stability. They still need Elon because he is the voice of the brand for millennials and GenZ, and these two demographic still love the guy. Also, Telsa is more than just the cars, it's the cornerstone of the entire Elon Musk library of companies. Taking Elon off Tesla right now would be like firing Steve Jobs in 1985 even though Telsa is financially more successful than Apple in respect to the time period. I'm sure the board understand this
@@davadh Hi, thanks and good points. I didn't take into consideration the demographics you raised. Insightful indeed. I'm a stubborn 70 yr old so that probably explains my outlook! I also value Elon as I'm a Tesla model 3 owner (happily)👍. But it seems Elon with his future visions has a tough time bridging the various challenges and goals. I thought a Co CEO arrangement with Elon focusing on "Techno King" as he likes to be called together with a competent, dynamic charismatic industry leader that can focus shareholder pdotections and continued business growth without running into a "gap year" could work. But Elon of course treats Tesla as his wholly own entity and almost like a "toy box". I also agree that his absence would be detrimental hence a business sharing leadership team could be appealing. But again at 70 my view admittedly is a bit old fashioned! 😊
It's a fair take, I respect that.
it is a management problem. maybe next time they will form a union? Elon is not a people person , his game his toys
A union? So Tesla will be saved by the government like GM and Chrysler.
Great Companies trim the fat on a regular basis. They keep the best which ends up in success.
Wake ELON up, can we?
How?
Old engineers become stagnant. Tesla needs new young fresh engineers with fresh Minds.❤❤🎉🎉
False
@@1madmike8135 years no new model update besides 2 commercial flops (Cybertruck and Semitruck). Not a good look.
You mean a new fresh CEO?
@@bartvanderheijden7055 2024 model 3
@@1madmike813 model 3 launch date 2017. Current model 3 just a few updates compared to 2017. Thanks for highlighting Tesla problems.
18 tesla years = 72 in other companies dumfoks. more over balino was cuttin coupons off instead fireing.
Gigalayoff.
Fire elon
One of the major reasons that the sales of Tesla slows down is the worldwide economy is not good at all.
Elon Musk should go to Mars . . . Setting an example.
X WILL BE SHUT DOWN NEXT
Musk needs to go
Elon needs to GO! he's is one weird mofo...not in a good way!
😫👋🤔🤣🤣🤣
lol
None of these moves from key people at Tesla is nothing to worry about, time will show why, never forget don’t bet against Elon, he’s looking years ahead, while all others are panicking about the disruption Tesla is driving,
Elon Musk is definitely a visionary leader, and looking ahead is crucial. However, losing key talent can't be ignored entirely. Time will tell how Tesla navigates these changes.
@@TorquenewsName a successful company that does not see rotation of key managers ? It is more surprising to me how Tesla / Elon are able to retain key players.
Well a visionairy? Latest successful model introduction 5 years ago. Cybertruck and Semitruck both a commercial failure. Not introducing a low cost model when the time was ripe. So yes Elon M. and the BoD are panicking and rightfully so.
People are waking up! Tesla is overpriced, low quality, poorly designed and fast corroding! Once a Tesla, never again!!