General Elon Musk Fukkery Thread

bnew

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Tesla to lay off everyone working on Superchargers, new vehicles​


Tesla is also getting rid of its public policy team, despite robotaxi ambitions.​

JONATHAN M. GITLIN - 4/30/2024, 9:20 AM

GRUENHEIDE, GERMANY - JULY 17: A stop sign stands near the Tesla logo at the Tesla factory on July 17, 2023 near Gruenheide, Germany. Tesla will reportedly present its plans tomorrow to expand production at the factory, from thee current level of approximately 250,000 cars per year to one million. The plan calls for the construction of a new assembly hall that will be the size of 60 soccer fields, which is likely to draw opposition from local communities. (Photo by Sean Gallup/Getty Images)

Enlarge / Tesla is laying off around 500 staff who have worked on its Supercharger network, plus its new vehicle development team and its public policy team.

Sean Gallup/Getty Images

602

There's more chaos at Tesla this week. The Information reports that last night, the company's erratic CEO Elon Musk emailed workers with news that he has dismissed a key pair of executives—one responsible for the Supercharger network and the other head of new vehicle development.

The electric car maker posted its quarterly results last week, and they paint a poor picture, with shrinking sales and plummeting profit margins. While Tesla once had a strong first-mover advantage and benefited from Musk's marketing savvy, the company has frequently ignored the many hard-learned lessons of the auto industry.

Customers not turned off by Musk's antics instead are losing interest with a product lineup of two EVs that are ancient in car years (the Models S and X) and two EVs that are merely old (the Models 3 and Y). The Models 3 and Y are also the only two vehicles that Tesla sells in volume. Any other automaker would have a second-generation Model 3 ready to go either this year or next, but at Tesla, the product pipeline is empty.

And yet, Tesla is not just laying off Daniel Ho, director of vehicle programs and new product introduction, but also his entire team.

“Hard-core about headcount”​

Even Tesla's harshest critics must concede that the company's Supercharger network is its star asset. Tesla has more fast chargers in operation than anyone else, and this year opened them up to other automakers, which are adopting the J3400 plug standard.

All of which makes the decision to get rid of senior director of EV charging Rebecca Tinucci—along with her entire team—a bit of a head-scratcher. If I were the driver of a non-Tesla EV expecting to get access to Superchargers this year, I'd probably expect this to result in some friction. Musk told workers that Tesla "will continue to build out some new Supercharger locations, where critical, and finish those currently under construction."

Many Tesla fans had been holding out hope that Musk would debut a cheap Model 2 EV in recent weeks. Instead, the tyc00n promised that robotaxis would save the business, even as both of its partially automated driver assistance systems face recalls and investigations here in the US and in China.

Delivering on that goal is more than just a technical challenge, and it will require the cooperation and approval of state and federal authorities. However, Musk is also dissolving the company's public policy team in this latest cull.

"Hopefully these actions are making it clear that we need to be absolutely hard-core about headcount and cost reduction. While some on exec staff are taking this seriously, most are not yet doing so," Musk wrote to employees. Musk also told staff that he would ask for the resignation of any executive "who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test."

Earlier this month, Tesla engaged in another round of layoffs that decimated the company and parted ways with longtime executive Drew Baglino, who was responsible for Tesla's battery development.
 

BigMoneyGrip

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Tesla to lay off everyone working on Superchargers, new vehicles​


Tesla is also getting rid of its public policy team, despite robotaxi ambitions.​

JONATHAN M. GITLIN - 4/30/2024, 9:20 AM

GRUENHEIDE, GERMANY - JULY 17: A stop sign stands near the Tesla logo at the Tesla factory on July 17, 2023 near Gruenheide, Germany. Tesla will reportedly present its plans tomorrow to expand production at the factory, from thee current level of approximately 250,000 cars per year to one million. The plan calls for the construction of a new assembly hall that will be the size of 60 soccer fields, which is likely to draw opposition from local communities. (Photo by Sean Gallup/Getty Images)

Enlarge / Tesla is laying off around 500 staff who have worked on its Supercharger network, plus its new vehicle development team and its public policy team.

Sean Gallup/Getty Images

602

There's more chaos at Tesla this week. The Information reports that last night, the company's erratic CEO Elon Musk emailed workers with news that he has dismissed a key pair of executives—one responsible for the Supercharger network and the other head of new vehicle development.

The electric car maker posted its quarterly results last week, and they paint a poor picture, with shrinking sales and plummeting profit margins. While Tesla once had a strong first-mover advantage and benefited from Musk's marketing savvy, the company has frequently ignored the many hard-learned lessons of the auto industry.

Customers not turned off by Musk's antics instead are losing interest with a product lineup of two EVs that are ancient in car years (the Models S and X) and two EVs that are merely old (the Models 3 and Y). The Models 3 and Y are also the only two vehicles that Tesla sells in volume. Any other automaker would have a second-generation Model 3 ready to go either this year or next, but at Tesla, the product pipeline is empty.

And yet, Tesla is not just laying off Daniel Ho, director of vehicle programs and new product introduction, but also his entire team.

“Hard-core about headcount”​

Even Tesla's harshest critics must concede that the company's Supercharger network is its star asset. Tesla has more fast chargers in operation than anyone else, and this year opened them up to other automakers, which are adopting the J3400 plug standard.

All of which makes the decision to get rid of senior director of EV charging Rebecca Tinucci—along with her entire team—a bit of a head-scratcher. If I were the driver of a non-Tesla EV expecting to get access to Superchargers this year, I'd probably expect this to result in some friction. Musk told workers that Tesla "will continue to build out some new Supercharger locations, where critical, and finish those currently under construction."

Many Tesla fans had been holding out hope that Musk would debut a cheap Model 2 EV in recent weeks. Instead, the tyc00n promised that robotaxis would save the business, even as both of its partially automated driver assistance systems face recalls and investigations here in the US and in China.

Delivering on that goal is more than just a technical challenge, and it will require the cooperation and approval of state and federal authorities. However, Musk is also dissolving the company's public policy team in this latest cull.

"Hopefully these actions are making it clear that we need to be absolutely hard-core about headcount and cost reduction. While some on exec staff are taking this seriously, most are not yet doing so," Musk wrote to employees. Musk also told staff that he would ask for the resignation of any executive "who retains more than three people who don't obviously pass the excellent, necessary and trustworthy test."

Earlier this month, Tesla engaged in another round of layoffs that decimated the company and parted ways with longtime executive Drew Baglino, who was responsible for Tesla's battery development.
Yeah this shyt ain’t good :mjlol:

Laying off folks that services and develops your bread and butter which are the super chargers… and now the new vehicle development team? Looks like the model Y, S, X will not be getting any redesign and the model 3 only looks like it got a face life
 

FabTrey

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BD has been working on humanoid robots for a very long time and they are not even close to having a consumer product. It’s not even clear if it’s possible. All of a sudden, Must comes along a few years ago and suddenly he’s has developed a consumer ready product? :dead:

Don’t be a sucker. You better find an exit strategy out of that cult or you will lose all that money that you have gained so far. :ufdup:


This to me is the most advanced humanoid robots. very impressive.


they made that possible in 2 years. it's just a matter of time. 5 years? 10 years? I don't know. I'm a long term investor. i have time on my side.

you can continue to hate, but in the end it really might bite your ass. if you don't have tesla in your portfolio, either you are a traditional value investor or something is wrong with you.

i'm well diversified, so i'll be aiite.
 

FabTrey

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Yeah this shyt ain’t good :mjlol:

Laying off folks that services and develops your bread and butter which are the super chargers… and now the new vehicle development team? Looks like the model Y, S, X will not be getting any redesign and the model 3 only looks like it got a face life


trimming off fat is very healthy especially when margin is getting thin. from a car company perspective, this looks bad. from a future ai/tech company perspective, this is the right move.
 

that guy

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BD has been working on humanoid robots for a very long time and they are not even close to having a consumer product. It’s not even clear if it’s possible. All of a sudden, Must comes along a few years ago and suddenly he’s has developed a consumer ready product? :dead:

Don’t be a sucker. You better find an exit strategy out of that cult or you will lose all that money that you have gained so far. :ufdup:
Elon musk is by far the most successful cult leader of all time :mjlol:

A car company that said it was a EV manufacturer, then a renewable energy company, then a AI company, and now for their final trick, a robotics company :dead:

If this were any other company, investors would be selling their stakes in droves
 

that guy

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Yeah this shyt ain’t good :mjlol:

Laying off folks that services and develops your bread and butter which are the super chargers… and now the new vehicle development team? Looks like the model Y, S, X will not be getting any redesign and the model 3 only looks like it got a face life
According to @FabTrey, Tesla is just “trimming the fat” :dead:

And who needs new models of their vehicles, it’s not like they’re a car manufacturer. They have robots! :blessed:
 

FabTrey

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Elon musk is by far the most successful cult leader of all time :mjlol:

A car company that said it was a EV manufacturer, then a renewable energy company, then a AI company, and now for their final trick, a robotics company :dead:

If this were any other company, investors would be selling their stakes in droves

They are spending 10 billion on AI. They couldve spent 10 billion on cars. Think.
 

nyknick

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They are spending 10 billion on AI. They couldve spent 10 billion on cars. Think.
Do you seriously think Tesla will be a leader in AI?

Instead of spending all that money into furthering and improving things Tesla was already good at (Supercharging network and efficient EVs) Elon is instead throwing money at things just to prop up the stock price and ensure he receives that $65 billion compensation package.

Elon already made threats that he'll spin off AI and robotic from Tesla unless he's give more ownership and control over the company. And now all of a sudden he just happens to axe affordable Model 2 plans and move Tesla toward AI and robotics. I'm sure that's just a coincidence and not Elon trying to force the board and shareholders to approve his voided compensation package again :jbhmm:
 

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FabTrey

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Do you seriously think Tesla will be a leader in AI?

Instead of spending all that money into furthering and improving things Tesla was already good at (Supercharging network and efficient EVs) Elon is instead throwing money at things just to prop up the stock price and ensure he receives that $65 billion compensation package.

Elon already made threats that he'll spin off AI and robotic from Tesla unless he's give more ownership and control over the company. And now all of a sudden he just happens to axe affordable Model 2 plans and move Tesla toward AI and robotics. I'm sure that's just a coincidence and not Elon trying to force the board and shareholders to approve his voided compensation package again :jbhmm:


For sure, AI is a massive game-changer, and you don't gotta be the top dog to cash in. Big guns like Nvidia, Google, META, and Microsoft already got that on lock. The real question is whether Tesla can slide into that big boy league.

Now, we ain't sure if Model 2 got axed, but even if it did, it kinda makes sense. With Chinese brands dropping $10k EVs, the car biz's profit margins ain't looking so nice. Going all-in on a $25k ride with those skinny margins might not be the smartest move. Tesla might be better off chasing that tech dream instead of worrying about the current bottom line. Us bullish investors think that's where the real gold is. Again, they are spending 10 bil on something other than building EVs. that says something about where their heart is.
 
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nyknick

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For sure, AI is a massive game-changer, and you don't gotta be the top dog to cash in. Big guns like Nvidia, Google, META, and Microsoft already got that on lock. The real question is whether Tesla can slide into that big boy league.

Now, we ain't sure if Model 2 got axed, but even if it did, it kinda makes sense. With Chinese brands dropping $10k EVs, the car biz's profit margins ain't looking so nice. Going all-in on a $25k ride with those skinny margins might not be the smartest move. Tesla might be better off chasing that tech dream instead of worrying about the current bottom line. Us bullish investors think that's where the real gold is. Again, they are spending 10 bil on something other than building EVs. that says something about where their heart is.
Tesla can't compete with the big dogs. $10 billion a year sounds impressive until you realize that's what Microsoft and Google spend in a quarter. Not to mention the existing infrastructure advantages they already have.

chart.png


Did Elon even give a breakdown of where that $10 billion was going to be invested? Hardware/computing power? Manpower/thousands of engineers or energy costs? Google executive threw out a similarly vague number regarding AI except he had an extra zero on his spending.



Investing in things other than EVs will please investors short term but long term he is spreading the company too thin and moving away from things that made Tesla successful.

Meanwhile this is who Tesla is competing with in China.


To date, BYD has more than 90,000 research and development engineers, applied for more than 48,000 patents globally and has been granted more than 30,000 patents, according to the announcement.
 
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