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Originally Posted By HeavyMetal: I know, they are usually so zany! View Quote View All Quotes View All Quotes Originally Posted By HeavyMetal: Originally Posted By fike: Originally Posted By JQ66: We make some stuff for SpaceX here, probably more at some of our other divisions (additive and exotic alloys like C-103 niobium alloy). The only interaction I’ve had with any of his employees was a french or canadien guy who came here for a quality audit . I was not impressed. But I have disdain in general for all such quality systems/ quality auditors. I’m surprised Elon would allow someone so dull to be hired , but who knows if the guy lasted long. A dull quality auditor doing a subcontractor audit. Crazy. I know, they are usually so zany! How did Elon miss that during the interview? |
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You should move to the right lane, where the rule of vehicle and traffic law still exists. You will not survive here. You are not a wolf, and the left lane is the land of wolves now.
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Originally Posted By LurchAddams: Mighty fine engineering here...
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I wonder if some of these edge lords ever give thought to what judgement will be passed on them when their day comes? Probably won't be, "Well that guy was an asshole but he sure could vote so that excuses everything". - Bluedsteel
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It’s a tech company that can incinerate cash like a car company.
Not a good mix and it has to be managed carefully |
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Tesla founder Elon Musk told his employees: 'There is nothing I hate more, but it must be done,' as he told them that 14,000 jobs were being cut at the electronic car manufacturer.
'This will enable us to be lean, innovative and hungry for the next growth phase cycle,' Musk also said in the company-wide memo that was first reported on by Elektrek. There are around 140,000 Tesla employees worldwide. As a result of the announcement, Tesla shares dropped Monday morning. Tesla, which is set to report its quarterly earnings on April 23, reported a decline in vehicle deliveries in the first quarter, its first in nearly four years and also below market expectations. The firm, in a press release, blamed its fall in deliveries on a drop in EV car demand, the arson attack at its factory near Berlin and supply-chain issues caused by the Red Sea conflict. Rumors of a looming layoff had been spreading over the last few months after Tesla asked managers to identify critical team members, paused some stock rewards and canceled some employees' annual reviews, according to the report. The firm is also expected to shorten Cybertruck production shifts at its Gigafactory in Texas despite Musk having recently insisted that Cybertruck is currently production constrained. The move comes as automakers across the world tighten their belts amid a slower than expected uptake of EVs. BP has cut over a tenth of the workforce in its electric vehicle charging business and pulled it out of several markets after a bet on rapid growth in commercial EV fleets didn't pay off, company sources said on Monday. More |
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Haven't they done several 10% layoffs in the past?
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Tesla is strong on the charging side for everyone else's electric car.
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RIP Jeff Reed. Tennessee Squire, Ga. Carry member, NRA,Non-puking 72 ounce drinker 2 of 6 Norcal call sign, Forgotten.
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Running a smart business means making smart business decisions......
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He is right. Companies have a tendency to get bloated in their staffing. Every now and again it is a good practice to trim the fat before you are forced to trim the fat.
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Feminism has robbed women of the natural dignity and grace of their sex, and turned them into inferior men
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Getting rid of the bottom 10% isn’t new. See Jack Welch.
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Originally Posted By Geohans:
The human body follows the laws of thermodynamics until you introduce insulin. Then things get “bent” like a light beam around a gravitational object. |
I got an email this morning to make a list of employee's who could be laid off if the need arises. Expect this to happen more and more.
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GD- "It's kind of like wading through through slimy lake bed with your feet to find clams below the surface".
- gtfoxy |
Originally Posted By BillofRights: What industry? View Quote View All Quotes View All Quotes Originally Posted By BillofRights: Originally Posted By caduckgunner: I got an email this morning to make a list of employee's who could be laid off if the need arises. Expect this to happen more and more. What industry? Take your pick. You will be right 87% of the time right now. |
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Don't you tell me about galaxies! I walk them in the timeline.
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Originally Posted By Metonymy: A lot less than Twitter. View Quote View All Quotes View All Quotes Originally Posted By Metonymy: Originally Posted By gtsteve03: Is that more or less than he axed at Twatter? A lot less than Twitter. Less % wise but total number Tesla layoff is a lot more . |
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Could outer manufactures needing less carbin credits have anythign to do with it?
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Originally Posted By Lion: Could outer manufactures needing less carbin credits have anythign to do with it? View Quote You can back it all the way out to the car business sucking wind right now. There are rented lots after giant rented lots of vehicles stacking up. The Big 3 will do anything and everything to prolong it in an election year, but it is coming for them as well. |
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Don't you tell me about galaxies! I walk them in the timeline.
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Originally Posted By LurchAddams: Mighty fine engineering here...
View Quote There are several non EV cars with similar backup entry/exit controls to go along with their electronic primary ones. Corvettes have been that way since the C6 as an example. That’s 20 years of things working that way in the real world. |
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Originally Posted By fike: You can back it all the way out to the car business sucking wind right now. There are rented lots after giant rented lots of vehicles stacking up. The Big 3 will do anything and everything to prolong it in an election year, but it is coming for them as well. View Quote View All Quotes View All Quotes Originally Posted By fike: Originally Posted By Lion: Could outer manufactures needing less carbin credits have anythign to do with it? You can back it all the way out to the car business sucking wind right now. There are rented lots after giant rented lots of vehicles stacking up. The Big 3 will do anything and everything to prolong it in an election year, but it is coming for them as well. |
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"It is a political convention. The criminals will be on the inside." -ParityError
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Originally Posted By Lion: Hopefully. My Suburban is long in the tooth and I've been waiting for a deal............... View Quote View All Quotes View All Quotes Originally Posted By Lion: Originally Posted By fike: Originally Posted By Lion: Could outer manufactures needing less carbin credits have anythign to do with it? You can back it all the way out to the car business sucking wind right now. There are rented lots after giant rented lots of vehicles stacking up. The Big 3 will do anything and everything to prolong it in an election year, but it is coming for them as well. Yep. $15k off. Only $70k now! |
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Don't you tell me about galaxies! I walk them in the timeline.
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tesla has stopped selling their Cybertruck because of an accelerator problem.
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All major corp are doing this because WS is amenable to cutting headcount to make bottom line look better. The grace period for our laid off people just expired and they are heading out. We already have Tesla candidates applying.
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VCDL Member
NRA Life Member |
The Second Amendment: Preserving our right to petition the government - with malice.
"I guess it comes down to a simple choice, really. Get busy livin' or get busy dyin'." Virginia Is For Loners (TM) |
So he drastically curtailed revenue at Twitter and now he's shrinking Tesla. Maybe the Teflon Touch and honeymoon are over. The Twitter move was righteous but has not been monetized with anything new, and 100% EV is a misread of the market.
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The Second Amendment: Preserving our right to petition the government - with malice.
"I guess it comes down to a simple choice, really. Get busy livin' or get busy dyin'." Virginia Is For Loners (TM) |
Not many people wants $40k-60k EVs financed at 5-7% apr
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Originally Posted By fike: Yep. $15k off. Only $70k now! View Quote View All Quotes View All Quotes Originally Posted By fike: Originally Posted By Lion: Originally Posted By fike: Originally Posted By Lion: Could outer manufactures needing less carbin credits have anythign to do with it? You can back it all the way out to the car business sucking wind right now. There are rented lots after giant rented lots of vehicles stacking up. The Big 3 will do anything and everything to prolong it in an election year, but it is coming for them as well. Yep. $15k off. Only $70k now! If you keep them, they are worth it. No SUV like a Suburban. Mine is a '13, last of the "simple" ones, only issues I have is road salt eating it away. |
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Originally Posted By Mal_means_bad: There have been several claims of battery tech breakthroughs in the past year. Toyota said they can halve the cost or double the range with one they expect to enter production in a year or two. Couple of credible labs say they've got revolutionary batteries cooking. View Quote View All Quotes View All Quotes Originally Posted By Mal_means_bad: Originally Posted By victorgonzales: Time is coming soon. Older Teslas are getting up there in miles. I think it will largely depend on Tesla's batter production and if they can get the cost of replacements drastically reduced. If they can get a battery swap down to 5k similar to a motor and transmission replacement in a shop they'll be able to retain some value. However it pans out competition probably isn't a worry. The other manufacturers will never be able to come close to Tesla's battery price since they don't produce the cells. Teslas competition is going to have shit for high mile value in comparison and further boost Tesla as the only legit ecar option. I'll believe that when I see it. They have been claiming to have the next revolutionary battery around the corner for 20 years. Would need to be significantly cheaper or last significantly longer at the same price to produce. Either way Elon has battery factories to mass produce and he'd get his hands on whatever the new tech is I'm sure. I'd be hesitant to bet against him in that market right now. Unless some companies start designing more around electric rather than trying to fit electric into gas designs they won't likely catch up in price an efficiency of production. Without a decent used market the things are worthless at what they currently cost to make. A more easily changable battery system or new battery tech would be what makes them a popular option I think. |
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¯\_(?)_/¯
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Originally Posted By midmo: The novelty is wearing off, and most people who want an EV probably already have one. Government mandates are only good for the life of the sitting government, and not popular with the public. Future buyers will be those who have had such a great experience with their current EV that they will go out and buy another, and who knows how big that pool will be. Probably not very. View Quote Tesla has the highest owner loyalty of the major makers. I own two and have a reservation for a third. I will always need an ICE around but I’m never going back to daily driving an ICE. |
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Originally Posted By warlord: These layoffs are going to add to Calif Gov Gavin Newsom's woes, it affect right away, but it will affect Kali because those 14,000 are very well paid. The Dems dependence on high-tech, high-paying, non-polluting jobs are starting to backfire big time. Many of those high-tech firms are cutting back on employees, and Newsom is facing a $68 billion budget deficit. BTW IMHO, I think the budget deficit in reality is way bigger, because Newsom is hiding some expenditures, such as future pensions. For those on the state of Kalif teat, they had better brace themselves for cutback. I know that Newsom has funded medical care for illegal aliens, btw this is not just Latin people in the mix, it is all kinds of of nationalities. And of course welfare, K-12, CSU(Calif St Univ)s, & UC(Univ of Calif)s. So much for single party rule. There is currently a recall against Newsom, and I am going to sign the petition. FJBrandon. ETA: During Jerry Brown's rein, he also had this problem . The people/voters are not getting off that easy, expect a rise in various taxes, vehicle reg fees etc. Government doesn't generate wealth, it just redistributes it. Remember the old saying from GB's PM Margret Thatcher, “The problem with socialism is that you eventually run out of other people's money.” ― Margaret Thatcher. View Quote That was a great idea last time and was voting down rather favorably. Doubt it would be any different this time... ...if it even gets that far |
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The threat is real...
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Releasing the new Model 3 and it not being eligible for the tax credit has to be a significant contributor to their demand issues.
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Originally Posted By Shooter66: There are several non EV cars with similar backup entry/exit controls to go along with their electronic primary ones. Corvettes have been that way since the C6 as an example. That's 20 years of things working that way in the real world. View Quote View All Quotes View All Quotes Originally Posted By Shooter66: Originally Posted By LurchAddams: Mighty fine engineering here...
There are several non EV cars with similar backup entry/exit controls to go along with their electronic primary ones. Corvettes have been that way since the C6 as an example. That's 20 years of things working that way in the real world. So in Corvettes, you have to empty a bin and pull a string to open a car door? |
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America did not become a superpower by working from home or from a cubicle.
- LurchAddams |
Only getting worse
Im seeing layoffs and extremely low wages posted all over. Low as in rates that kinda sucked 15 years ago. But look on the bright side In a few months they won't be stuck in a low rate mortgage. but also.. who the hell wants a Tesla? obviously some do but used corolla's gonna be in style soon |
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There is a Tesla dealer not far from here. Last couple of years the lot was virtually empty except for the service parking area.
Drove by there yesterday and the sales lot is so full that they are using the service lot to park unsold new inventory. It is packed with cars they are having a hard time getting rid of. Then there is SpaceX, which was a huge employer here. Was. Jobs are getting eliminated and they are not hiring. Even the contractor jobs have all but dried up, there are very few of them working construction at the Cape which was slowed to a crawl since the push last year to move them to Texas to work at the facility there for a few months. They were supposed to be moved back after the major work was finished, but none of them came back. That company has a reputation of using up people and kicking them to the curb at will. Not many want to work for Elon Musk anymore, the working environment he created has always been toxic, and with his latest move and how he presented it has made things worse for him. |
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It's a strange, strange world we live in, Master Jack
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its a true Corporation.
the bottom line is always being looked at. |
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Somewhere in the middle of hardcore Conservative and Libertarian.
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I think automotive and anything that is power like tractors, like the class 8 or Ag industrial kind as a whole is going to get a serious squeeze. It's all become just too expensive.
It's all borderline hilarity. Seriously. 60-70k for half ton pickups? Go price a Tahoe. Even the mini vans are sky high now. Christ a damn maverick is over 30k now. It's all cartoonish. If the accelerated schedule 179 deep gets changed, lots of bets are off. That alone would decimate many companies that sell things that move. |
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Between the trump bucks and Biden bucks, demand curves went out to lunch, everyone did their lines of coke, and now it's hangover time. If there's companies were smart they'd start developing a portfolio of much lower price point vehicles. It's time for a reset. Make affordable shit great again. They can still do the Halo vehicle thing, but people or business can't afford all this high dollar shit in a more normalized interest rate environment. A rate environment that will probably be here for at least 2 decades in my opinion.
At least the Tesla board recognizes that they need to do something. They almost alone are dragging down lots of the institution's portfolios. |
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Originally Posted By warlord: tesla has stopped selling their Cybertruck because of an accelerator problem. View Quote They had an issue with the adhesive on the accelerator cover, it will amount to a couple week delay on deliveries. They are currently shipping pre-orders that have been in place for years, a couple more weeks isn't going cost them anything. Is it great, no....is it the end of Tesla, also no. |
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EP429: Today's lesson - Don't provoke ARFCOM. People will see your butthole.
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Not sure why this is news.
There are 3 phases in a major project. The first 2 are design/engineering...then production and distribution....then you try to clean up the first 2 in order to be as lean on those costs as possible. Once the design/engineer/build/distribute is up and running...you cut about 10% of the people who are now not needed to operate the system. This is 100% normal across multiple industries. |
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Libtards don’t want to buy from Elon.
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Have another hit of sweet California sunshine
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Originally Posted By Dagger41: There is a Tesla dealer not far from here. Last couple of years the lot was virtually empty except for the service parking area. Drove by there yesterday and the sales lot is so full that they are using the service lot to park unsold new inventory. It is packed with cars they are having a hard time getting rid of. Then there is SpaceX, which was a huge employer here. Was. Jobs are getting eliminated and they are not hiring. Even the contractor jobs have all but dried up, there are very few of them working construction at the Cape which was slowed to a crawl since the push last year to move them to Texas to work at the facility there for a few months. They were supposed to be moved back after the major work was finished, but none of them came back. That company has a reputation of using up people and kicking them to the curb at will. Not many want to work for Elon Musk anymore, the working environment he created has always been toxic, and with his latest move and how he presented it has made things worse for him. View Quote Maybe someday Elon will be successful |
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EP429: Today's lesson - Don't provoke ARFCOM. People will see your butthole.
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It's going to be interesting to watch smaller EV manufacturers, like Rivian and Lucid. Rivian is eliminating a shift.
Evidently EV's are no longer a "growth" business. |
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America did not become a superpower by working from home or from a cubicle.
- LurchAddams |
It's a strange, strange world we live in, Master Jack
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Originally Posted By FedDC: Not sure why this is news. There are 3 phases in a major project. The first 2 are design/engineering...then production and distribution....then you try to clean up the first 2 in order to be as lean on those costs as possible. Once the design/engineer/build/distribute is up and running...you cut about 10% of the people who are now not needed to operate the system. This is 100% normal across multiple industries. View Quote It's news because Tesla is the bellweather for the EV business. Democrats continue to pour billions into EVs, yet sales don't meet expectations. |
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America did not become a superpower by working from home or from a cubicle.
- LurchAddams |
Originally Posted By victorgonzales: Time is coming soon. Older Teslas are getting up there in miles. I think it will largely depend on Tesla's batter production and if they can get the cost of replacements drastically reduced. If they can get a battery swap down to 5k similar to a motor and transmission replacement in a shop they'll be able to retain some value. However it pans out competition probably isn't a worry. The other manufacturers will never be able to come close to Tesla's battery price since they don't produce the cells. Teslas competition is going to have shit for high mile value in comparison and further boost Tesla as the only legit ecar option. View Quote A motor and transmission in a $60k Sprinter would be somewhere around $50k. As in more than the car is worth the day you drive it off the lot. An engine and transmission hasn't been $5k since 1979 or so. Vehicles are disposable after warranty. ICE/EV/diesel/poptart powered. Buy, warranty, sell. If it has value at the end, good. Maybe it doesn't. |
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Originally Posted By LurchAddams: It's news because Tesla is the bellweather for the EV business. Democrats continue to pour billions into EVs, yet sales don't meet expectations. View Quote View All Quotes View All Quotes Originally Posted By LurchAddams: Originally Posted By FedDC: Not sure why this is news. There are 3 phases in a major project. The first 2 are design/engineering...then production and distribution....then you try to clean up the first 2 in order to be as lean on those costs as possible. Once the design/engineer/build/distribute is up and running...you cut about 10% of the people who are now not needed to operate the system. This is 100% normal across multiple industries. It's news because Tesla is the bellweather for the EV business. Democrats continue to pour billions into EVs, yet sales don't meet expectations. Tesla products are selling fine. They are a niche item and will never be the universal mainstream vehicle...but in their area, they are ideal to the limits of current tech. |
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Originally Posted By FedDC: Tesla products are selling fine. They are a niche item and will never be the universal mainstream vehicle...but in their area, they are ideal to the limits of current tech. View Quote View All Quotes View All Quotes Originally Posted By FedDC: Originally Posted By LurchAddams: Originally Posted By FedDC: Not sure why this is news. There are 3 phases in a major project. The first 2 are design/engineering...then production and distribution....then you try to clean up the first 2 in order to be as lean on those costs as possible. Once the design/engineer/build/distribute is up and running...you cut about 10% of the people who are now not needed to operate the system. This is 100% normal across multiple industries. It's news because Tesla is the bellweather for the EV business. Democrats continue to pour billions into EVs, yet sales don't meet expectations. Tesla products are selling fine. They are a niche item and will never be the universal mainstream vehicle...but in their area, they are ideal to the limits of current tech. Nobody gets a free pass on market conditions |
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Don't you tell me about galaxies! I walk them in the timeline.
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Originally Posted By LurchAddams: It's news because Tesla is the bellweather for the EV business. Democrats continue to pour billions into EVs, yet sales don't meet expectations. View Quote Ah yes, the government thinking it is a "market maker". They believe demand can be created just by wishing for it and then subsidizing it to achieve critical mass. Fools. |
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The Second Amendment: Preserving our right to petition the government - with malice.
"I guess it comes down to a simple choice, really. Get busy livin' or get busy dyin'." Virginia Is For Loners (TM) |
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