The REAL story of Elon Musk’s mass firings of Tesla Supercharger team
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- čas přidán 15. 05. 2024
- The REAL story of Elon Musk’s mass firings of Tesla Supercharger team
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Tesla did not need to let anyone go from this productive and successful team. That layoff could save the company a small number of millions per year, meanwhile Musk is demanding a $56 billion pay package. He could have instead demanded a $55.9 billion pay package and kept most of this very successful team. The “need” For a headcount reduction in the Supercharger team is a strawman argument.
I can accept that irreconcilable differences between Musk and the Supercharger division head resulted in her firing, but a sensible CEO would just replace that fired department head with someone more compliant, not fire the whole department only to then realize the blunder and rehire them! What unnecessary chaos and stress for the entire company.
The key word is 'Sensible'.
looks like avoiding mass litigation.....the fire/re-hire cycle is common in the tech space, though....the team might have become an "opaque entity" and would need right-sizing given the company's situation
@@jabulaniharvey It's not common, stop making lame excuses for a malignant narcists suffering from mental illness.
Agree. Looks like a stupid impulsive move.
What if the difference of opinion was about cutting the department by 90% because it was not meeting expectations?
As long as the whole company is subject to the whims of someone who continues to become more and more erratic, it is impossible to rely on their products or services.
they got discharged for not recharging
Nice!🤣👌
😄😄😄
Yehehe
Funny... ha...ha...ha...ha...
Elon Musk’s mass firings of Tesla Supercharger team: "he's a genius".
Elon Musk rehires Supercharger team: "See.. I told you, he's a genius".
He's playing "5D Chess!" That'll be fine when we are all living in the 5th dimension.
Yeah, I guess you’re trying to say he must be stupid because he’s the richest man in the world now out of nowhere huh you’re brilliant compared to him I imagine
what dimension is it because this is definitely isn’t the the four dimensions of Einstein’s classical model of the universe that I was born into that reality didn’t have humanity trying to figure out whether there’s more than one or two or three or 10 or 20 or 90 genders and I didn’t let 58 year old men say they are 15 year old girls and swim with 68 to 16 year old girls in local swimming competitions and changing in the locker rooms. Yeah that was a much better reality than the one we have Now.
@@jasonbrown7330 What a brilliant insight! If you want to be rich, you just have to be smart! WOW. If that was the case, the world will have millions of billionaires! Instead, the wealth often comes with luck, instead of intelligence.
@@i6power30 There are many smart people in a narrow range of skills. Very rare to be smart in wide range of skills. Hard to have a smart engineer that is also smart manager and a smart VC. Unfortunately you need all skills to be a good CEO and make billions. Elon is rare. The smart guy you know at the office can’t run a rocket company and car company at once.
Far bigger guesses than the "pretty wide range of 15-20%" are all the excuses you're manufacturing from the first breath to excuse Musk's actions and belittle the information provided by others (others that were there unlike yourself).
"Elon didn't want to do that at first" "the shade of the story", "there is CLEARLY some emotion from these are former members of Tesla so you have to read into what they're saying" " i don't believe these staff know that 15-20% were cut, it sounds like a guess to me", "nobody knows the context of the Tinucci-Musk meeting" (we do know HIS action, and this is the best explanation anyone has offered).
YOU KNOW NONE of these things. Absolutely NONE. You're making them up to excuse Musk's outrageous, petulant retaliation against an entire group of blameless employees becuase his edict was questioned by one person, probably when his Ketamine was not dialed in. (Now My Ketamine reference is also a supposition, but one with far more circumstantial evidence than the cosdswallop you just served up to whitewash Musk's dbaggery). You just ploughed right into this video with one aim, to cover for Musk. That's poor!
Instead of asking US for facts, why not get your own first instead of giving us a bunch of "It sounds like" and " I don't believe" and "there is clearly emotion" and "Elon didn't want to". It's not OUR job to counter your complete (biased) assumptions, it's yours to make videos based in some facts/research.
Nah, he’s just trying to appease the bagholders who live in their own dimension.
He’s a paid pumper like so many others.
You really give Elon Musk EVERY benefit of the doubt. That's very charitable of you.
And you really enjoy being spoon fed a narrative from a media outlet who regularly posts hit pieces on the company and person. Who is more correct here?
Because he has never done anything right. Right ?
channel "The Energy Show" "Elon Musk Is Right About The SuperCharger Business"
Presents this in a new light.
Well some of us don’t wanna walk around with stick up our A all day and chose to see the positive side of life and enjoy it rather then whine and complain all day like a lot of Karen’s these days ( 90% )
Look at these fan boys piling in. 😆
@@apple1231230 A lot of assumptions there, Incel...
How to wreck the morale of an entire work force. I wouldn't let Elon near employees.
This sounds like what he did at Twitter. My training in management taught me that when you have a team that performs, you do everything you can to keep them. This looks impulsive. If there is one thing Tesla has done to beat everyone, it's building a charging network. Nobody but nobody does it better. Hiring people people back after they have been fired puts those people on an emotional roller coaster. However, while Musk might be a technology genius, he doesn't demonstrate much competence in working with people. What he has done is to send a chill throughout the company and a message to everyone, you are expendable and the only one that matters here is Elon Musk.
I think twitter was a different story. It appears that there had been a lot of just plain bloat there, and they'd been making so much money that they never really got around to cleaning house ever. Or so it appeared to Elon when he got there. : )
@@solartrix What I recall is that Twitter was bleeding money when Elon bought it.
Twitter was sheltered workshop for woke, work from home, bureaucratic influencer types.
They couldn’t even keep bots out.
Musk took X in a different direction.
Yeah. It’s a company designed to produce profits. If you don’t own the company… you’re hired to work until they say you’re let go / not a right fit / not designed for the team…..
Some people act as if life should roll out a red carpet for them to have a cushy smooth sailing through life. Guess what. You’re not royalty. You aren’t a billionaires son ( and usually they give you less ) and life isnt fair or just. Get over it…
What it does provide which people fail to take account is the ability to grow in : resilience. Right placement. Discipline. Fortitude. Grit. Patience. Gratitude daily. Focus. Work on your values. Integrity. See the bright side of things. When one door shuts it opens new possibilities.
A lot of people just whine and expect… I can’t be fired ever. 😂😂😂😂 well if you want to think delusional thoughts then win delusional prizes. Not sure what to say when you go in with princess mentality, you’re deemed to get your ego crushed when the guy ten levels higher then you with the real crown smashes you down to humble you.
Elon is great at working with people who are talented and not entitled. Maybe there's the flaw in your logic
Baglino suddenly resigns-Musk fires team en mass and comments on ''loyalty''-Go figure!
wrgg
Tesla is not a legacy autocompany. Tesla is not an automobile company. Tesla is an AI/technology company. In those arenas if you don't keep up you get left behind. Tesla is trimmimng. It is letting go of laggards and employees whose projects are winding down. Some good employees will get caught up in the process. If a division chooses to fight a Musk mandate, the refusal affects not just the manager but the whole team. If the team doesn't support a manager they can go to Elon. If a manager chooses to ignore a mandate they MUST know that their job is not the only job they are risking. THIS IS NOT A FIRST FOR ELON AND I AM COMFORTABLE STATING THAT THIS IS NOT THE LAST TIME A TEAM WILL BE RELEASED EN BLOC. JUST LIKE I AM SURE THAT MANY OF THE BEST WILL GET REHIRED BUT NOT NECESSARILY TO THEIR OLD POSITIONS OR TO THEIR OLD DIVISION.
@@darwinboor1300 lol
This from a long SpaceX engineer. Elon is only a good business man, nothing more. We spend xx hours on his Mars dream. Humans are not made for space, we lose bone structure, fertilization is a issue etc., but he pushes it forward, only questioning him about how we will survive on Mars 38% gravity will cost you the job! he bought Tesla 2004, but claims he was the main engineer, the same with SpaceX. The name he uses says a lot about him" Gigafactory, Cybertruck, Loophole", a show off, knows absolute nothing about engineering. And zero respect, fires coworkers per Email, not even the ball to say it in front of year long coworkers. I hope he will go down. Using Tesla as name for his product is dishonoring a real genius!
@@Ezekiel903 that's a really good point. he's more brilliant business guy than brilliant engineer. I hadn't really thought about it like that. he's really the quintessential fast-mover business guy, isn't he?
Uh-huh. Because gutting the team at the heart of your core competency is such a great business decision. And then forcing a team in a completely different skillset to pick up the load is also a really great business decision.
Said no one ever.
The report does not send a positive signal to the markets. These negative issues are happening weekly like a drumbeat. Whether the Tesla board can influence him to put someone else in charge, like SpaceX could prove to be the only solution.
Being someone that busted their ass for a large corporation, then getting laid off the first time profits didn’t look great, while executives made millions. I can say I will be buying an electric vehicle but it won’t be from a company Musk owns.
Don't worry, they are already millionaires from their stock options.
It’s definitely not a good look as Elon wants shareholders to ratify his $56 Billion dollar comp package as he simultaneously fires 14,000 employees.
You got him by the balls. You show him.
@@matiashamalainen7965What company can you buy from? All companies fire people.
E M is melting down like a snowman in spring.
lol
Just his brain.
How?
Spring in the tundra no doubt
Morale at Tesla has to suck right now
What a way to build employee loyalty!
That’s nice of you as an outside with no inside information to assume for them. That’d be like going to a poor persons house and saying “damn I’m sorry your life must suck” to them.
Maybe not. Did you notice that the people Tesla laid off are now being openly sought after by other companies. Having worked at Tesla is a big plus for most careers. Expect that to come with a nice pay bump. More so as Tesla is now hiring some back.
@@apple1231230 Actually my wife was one of the ones laid off on April 15th and has kept in contact with the survivors so I do have some information besides my own speculation.
@@danharold3087 Agreed. Tesla looks good on a resume.
Unions are a product of bad Management… Employee want to give loyalty to a company that is loyal back.
When Management makes wild swings in layoffs…it creates Fear and impact productivity and loyalty
Don't confuse rank and file labor with professionals who seldom belong to unions. The professionals who are both successful and change jobs as opportunities arise make the most money. Labor will eventually be non union robots.
Unions are a product of people with no skills believing they are entitled to a high wage, and robots not being good enough to replace them yet.
Unions are a by-product of corporate greed, not bad management. Greed is in a company's favor. They don't do the right thing unless you force them to.
@@TheFitConnection And unions will "force" them to replace semi-skilled labor with machines. Fast food robots already being deployed in CA.
@@TheFitConnectiontomato tomato, greedy management. Unions please.
Expecting loyalty from an employee while in turn giving none back is the very definition grandiose narcissism.
Yes, I don't know why any of these employees would trust Musk - he is unpredictable and at times irrational and vindictive.
Why do you think he's supportive of Donald Trump?
Unlike most of the MAGA crowd, Musk is intelligent enough to know who Trump is. That should tell you all you need to know about Musk.
@@antonystringfellow5152
He most definitely does not support Trump. But since Biden is actively hostile toward him, what choice he has? He voted Democrat until they turned on him.
Loyalty is to the company and the mission, not the individual. This is not a family or a charity, but a company that has to fight for survival against a long list of very powerful enemies.
And if you want job security, don't work at Tesla. Work at Tesla to learn new skills and gain life experience very fast, then move on to make use of what you got there.
@@antonystringfellow5152 Both Trump and Musk are narcissist. Narcissist tend to band together and enable bad behavior in one another. This is by no means loyalty, as they will turn on each other the moment their interests conflict.
Short fuse, thin skin, we can guess what happened in the meeting.
Yes he probably said “you have to fire 80% of the staff for this department to not be a drain on the business” and she said no so he fired them all and rehired a very small percentage of the best of them.
Yeah. Acting like a business man that you’ve never have the bolos for
That’s why Elon is Elon. He can perform unemotionally and move on to do what’s needed. That few can
if someone fires you for no reason and tries to rehire you, the money has to be minimun doble, otherwise it's not worth it.
"minimun doble" Good luck with that.
@@metriczeppelin
he was talking about the doppler effect
AT such sudden notice, I'm afriad most of the fired employees do not have another job waiting for them elsewhere. Lucky for those who got hired back immediately.
@@PeterPanQuailsLucky? Skin flint Elon probably didn’t pay those workers for the time (1/2 weeks?) they weren’t working.
You don't get how capitalism works. You rehire them at starting wages now that they have the fear of famine put into them and they have seen how impossible it will be to get another similar job with the market flooded by all the other recently let go employees. The best and brightest will escape to better places so you gotta make up for that by rehiring the chaff for half price.
It's hard to buy a home if you're depending on corporate politics. If I were laid off and called to be rehired, I would demand double pay or not return.
Elon has a light and dark side, with a demon inside him brought forth by the likes of his father and his upbringing. He's not just good or just bad, and like all of us he himself does not enjoy wrestling with his demons. He meant it when he said "you don't want to be me". Walter Issacson's book did a great job illustrating this duality.
I'm not going to pretend that I understand the mind of a hyper active individual that can shape a mountain, nor someone who had went through the amount of trauma he encountered. For better or worse, every step along the way Elon will have his skeptics saying that he's crazy. There was not a single year where the news isn't focused on how Elon is doing wrong and is going to fail at some point. Check out articles as far back as 2003. There isn't much to add except that I would rather judge based on whether he had achieved his long term goal.
He's Bipolar and a narcissist.
Excellent comment.
I have seen many examples of males especially, who claim they really disliked their father and his traits, only to display those very sames traits from time to time so daemons can be inherited.
Trust in business is key. When Elon fired the team rolling out Tesla's charging infrastructure he affected not only the business partners installing the stations but also the legacy car makers who have planed to adopt the NACS charge ports for their own EVs. These other EVs would have added a notable revenues for the entire North American charging system. It will likely affect the adoption of EVs by some consumers who have so far withheld from making the switch because the existing non Tesla charging system is so unreliable.
Losing trust on this scale is a "dumbass" move and Tesla will likely take time to overcome.
Yup, I had high hopes for the adoption of NACS to drive EV adoption in North America forwards, but now Tesla's future charging network seems just as questionable as everyone else's.
Elon: People are tools .
Elon is a tool...
Possibly the last corporation where people were more than tools was Hewlett Packard when Bill and Dave were in charge. That was decades ago. Today people are tools.
.....to be replaced by OPTIMUS robots
Yeah. You think the average peon is worth something more then their pay 😂😂😂😂
Ohh people wanting it all just for existing 😂😂😂
Jeez these comment reek of entitlement. Selfishness. Laziness. Entitled attitude. 😂😂😂
Also Elon: I am a tool.
I think this is as close to being a Tesla/Musk apologist as can be without going whole hog. The indications are that Musk threw a temper tantrum and went totally stupid. If, in fact, the SC network was profitable when other networks aren't, what the hell is the point of gutting it then reconstituting it? The SC networks was the primary reason I switched from my Chevy Bolt to a Tesla. Just before this fiasco a neighbor asked my my opinion about getting a Tesla and I extolled the SC network and it expansion. Oh what a change in days can make. Frankly, without the quality established by the SC network and the extension, I have a hard time recommending ANY EV for those that road trip a lot. That opinion will only change if other charge networks get their $hit together and put out a quality system.
Musk firing of the team is straight out of the book by Sun Tze “the are of War”
It is the art of war, I read it several times during my navy officiers course, and SunTzu recommends the opposite regarding your own troops. Trust is everything. You can also look up Clausewitz.
keep up the good work!
Thanks, will do!
Hope they are offering those who they want back enough to make it worth the rollercoaster ride
Remember when you said you would quit your channel the last time you quoted Reuters?
Working for Tesla hey, working 60 plus hours a week, family life doesn’t matter just the mission, and loyalty. Hope big fan of what “they all” have achieved and own a Tesla Y 2 wall batteries and charger. Work for them - nope..
Yup, need to be tough and young enough to withstand the stress. It is like internship but no end at end of tunnel!
At 6:56 you pointed to a issue that for the first time has many long time Tesla investors ready to attack Musk and that is his decision to shift focus to A.I and downplay EV vehicles, it's worrying Tesla stock owners since it looks like he's using Tesla A.I engineers to work at XA.I his startup Ai company and some have reported that one of the things that they have announced to be offering is autonomous driving solutions, so if true it looks like Tesla will no longer be in the A.I business and instead will pay Mr Musk's new company licensing fees to use fsd which will also be offered to other car manufacturers. Interesting to see how this affects Tesla.
he is getting out of the car business and starting a ride sharing/ taxi App, completely cutting out humans, even down to the robot factory workers
Lol he's not using Tesla A.I engineers to work at X A.I. And who have reported? Mr. Nobody I wager.
@@2funny269 Another Musk pipe dream that will never be realized.
Back it up. Untrue.
Musk has Tesla redirect resources towards super-computer investment
- as expected once FSD getting close to working format.
It’s a huge opportunity, shame to ignore the market 'cause you’re scared, living in the past.
@@matiashamalainen7965 lol just looked it up....its true
The thing no one mentions is the development of the charging tech has matured and isn't going to change all that much going forward. To me it makes sense to cut back on the staff and take a fresh look at what's required.
In my career I've been through 10 plus rounds of layoffs. I've never been let go as I make myself indispensable and work harder than all my peers. I'm 54 now and starting to slow down so who knows I may be let go and I can retire early 😆
Sounds like Elon got pissed at something, fired the whole freaking team, then realized he was making a mistake and walked it back. I honestly think the company/stock would do better if they got a professional CEO/COO in to run the thing, kinda like Gwen Shotwell runs SpaceX. Let Elon go be a creative genius and push all the boundaries, but let someone else manage the company day to day. Just a thought...
Totally agree. As a Tesla shareholder I voted against his pay package. He says he wants to go to Mars so send him there.
So you are saying he re-hired all 500 people?
Phillip.
I have multiple masters' degrees in business administration and project management......but I disagree with the sentiment that Musk would be better off with professional management.
He has demonstrated fantastic money management and business development in multiple industries.
@@billstrasburg384he has money but hasn’t proven he has staying power. He is erratic and his temperament is dangerous. Didn’t your multiple degrees mention temperament and stability is important in running a business?
🍿🥤
Sounds like Elon, had a fit and did something stupid. I was a Tesla bull for a long time but Musk while still brilliant technically has become very erratic in terms of business and politics. I hope he gets his act together soon.
His illness will only get worse.
Coincidently (?) my nearest Supercharger went up quite recently from $0.17 / kwh to $0.41 (retail folks pay about $0.12 around here). I suspect it’s a revenue problem.
Great coverage.
I'd say its a bloody big profit having all the brands of EV's charging on Tesla chargers
That is the first thing anyone has said that is 100% correct.
Take care M
Except the cables are too short and the charging division is in a state of chaos.
Not all brands have entered into agreements about using the supercharger network afaik; such an agreement is a separate thing (but arguably a "natural" extension) to switching to NACS for the connectors (which doesn't entail any royalties or licensing payments to Tesla as they released NACS as a free, public standard). Still it will of course attract many users (as it has done here on Europe where superchargers have been open to others for a couple of years now)
Right now, only Ford, Rivian and GM have been given access. The rest are in a queue. Volvo/Polestar were supposed to be next in line. They don’t even appear in the Tesla app drop down. There are supply issues for the NACS adapter from Tesla via the current manufacturers. Then there’s the issue of whether or not everyone should be switching to NACS at all, given Musk’s decision making, or whether Tesla will still qualify for federal funding. While some of you are bowing down before the omnipotent genius, the rest of us are wondering what he’s going to do next, particularly if we were supposed to have access to the network and have adapters by now. Not impressed.
@@koma-k IMO, NACS is BS. It is not a 'standard' until a standards organisation says it is. CCS2 is the global standard for charging, and Tesla builds cars to THAT standard already. Why the USA hasn't converted to CCS2 is a mystery...
Firing subordinates over displeasure/disagreement with their manager is childish…
It's not childish at all. It's clinical, indicating a sociopath who is detached from reality.
Nope its how successful companies and armies are run. You follow your bosses orders so that shit gets done quickly and efficiently which translates to cost efficient and profitable. The workplace is not a democracy, if your boss wants to hear your opinion he will ask, if he doesn't you shut up and do as you are told.
@@Jaml321still beating your wife and children?
@@Jaml321you apparently failed to grasp that I was referring to firing the subordinates and not the manager with whom Musk was unhappy…
@@toddpillow3074 Nope i fully grasped. He wouldn't have fired the entire squad if he was only unhappy with the manager. There probably was a whole bunch of problem cases and he got rid of everyone to send a strong message then hired back those that did their job as told.
When you work for a genius,just do as your asked 😮😮😊
interesting , Thank You .
It's harsh but when there is a mass layoff there can be no accusation of discrimination which vis a clever way of avoiding potential lawsuits. Then hire back the employees you need. There is no shortage of potential employees.
A good observation mate
Exactly. This is what happened with starlink. The first team was not willing or able to move fast to cut costs by 10x and speed up production by 10x. He fired everyone, hired back the best and now new team is kicking ass!
@@mrarfarfyou think the best are going to go back after getting jerked around like that? 😂
It’s not harsh it’s douche baggy
I guess if your ok being a douche bag.
Thanks for the update.
Hope you're wife is feeling strong and happy.
Best wishes.
Elmo needs to step down as CEO and remain as advisor.
Oregon Lincoln city Casino @ the coast told us last week that they weren't going to get the charging station because of this. We have been on them for the last couple of year's & this last year they told us they would be here this year. In Lincoln city there are only Tesla charging down the coast further at the discount mall. Really puts the ever fading battery bar on my 2017 leaf right up in my wife's paranoid of outoh power gap. Going outside the route to work in town leaves us old EV owners not willing to risk fun road trip's we used to take while on our retirement wandering.
Sell the Leaf, buy a Tesla.
Happy wife, happy life.
Life is short, and so is the Leaf range.
The Leaf is a good vehicle, but having a longer range car makes life a lot easier.
And, Tesla is offering .99 percent financing up to 72 months on orders placed this month, till May 31st.
Be lucky u even have access to one
I’m in Maui and we have Zero around. Zero
@@ssing7113 I live in Melbourne Australia, and IMO we have TOO MANY Tesla chargers here, but NONE in the Nullabor plain, separating the East from the West of the country.
And they can't team up with Electrify America or BP (buying superchargers from Tesla) or some other companies ?
Nullarbor doesn't have grid power@@greghudson9717
There has been big problems with the chargers and the complaints have got back to Elon. A major quality issue has been going on
Nah not heard of that - whats your source? Reuters or some other made up stuff outlet?
What big problems? What major quality issue?
If Reuters reports it, considering their FUD in the past, I would be very skepitcal of what they say!
But not everything is wrong. No smoke without a fire.
Reuters is now untrustworthy in my view. Unless they’ve made a grovelling apology recently I’m unaware of?
But Musk didn't deny the story. That's telling us the story is true. He'd have nuked Reuters if it weren't true.
Musk didn't deny it. So.
@@davis.fourohfour Didn't deny what? That they were not going to do the cheaper vehicle? Yes he did and he gave a quicker timeline to get something cheaper out before the ultimate vehicle. I don't know why you missed this?
Interesting that you confirm something i raised a few months or so ago , ie that public charger companies were probably not making profits. I suggested that EV drivers would probably face a crisis of confidence in the charger market, and that they would have to use them or lose them.
The trouble is that the current potential customer base avoid public charging like the plague whenever they can, so it isn't much of a business case. I forecast that more charger companies will retire from the fray and few new ones will join the market to replace them. The only way to reverse this trend is to find a way to get EV drivers to somehow subsidise the public charger network through taxes on home charging or similar. Taxpayer subsidy is unsustainable, and governments will get increasing pushback for wasting money on subsidising EVs when other services are left wanting for cash.
Here's a reply from an actual USER of both Public and Tesla chargers (in Australia). I actively AVOID Tesla chargers whenever possible because they are usually THE most expensive, usually by 20 to 30 percent compared to the public chargers (and I'm talking about the 350kW chargers, not the 50kW ones) which are around 50% cheaper than Tesla, sometimes even lower, depending where they are. The only time Tesla is competitive is in off peak hours, but who wants to get out of bed at 3am to go charging? Not me (usually), but I would if I had to, on a long trip for example. However that is not usually a problem because I do a lot of driving in the outback, (10 million+ square kilometres), and there is only ONE Tesla charger serving that whole area (Dubbo NSW).
As another Tesla owner, I still have no problems charging at a supercharger and paying $30 to change to %100 maybe once a fortnight, and then charge at home every night for about $8. I used to pay $150 a fortnight to fill up my ute with diesel. I don't really understand why people worry about charging so much - granted I've yet to do any long distance road trips.
I don't think so. One of the benefits of ev's is that you can charge at home, but people like to go on trips and electricity is cheaper than gas. Not to mention the convenience stores and marketing and advertising you can do at such facilities.
I wonder if the ?rapid approach? of the need to charge robotaxis was a factor? Did that crew manager demand additional staff to handle that provision instead of agreeing to redeploy existing staff?
Governments should set the charging standard like it does with gas fuel stations. The cost of charging should also be displayed at the entrance to the charging station before you decide to call in.
It is available if you have a Tesla. It shows the time of day and the cost. Unsure if it's possible with other makes.
As a station owner. I can attest to the fact that the Government needs to step in on this and standardize it. We have Chademo, NACS, j1772, CCS, and there are a number of companies out there that have stations with NO display on it. Universal pay apps need to be a thing. As every station requires you to download, deposit money and start a "pay app" of their own.
Elon's emotional decision shows that he should no longer be allowed to determine who's hired and fired in that company.
Not an emotional decision, it's a strategy he uses time and time again. He cuts the fat until something breaks, then puts back essential personnel as necessary.
So what makes you the one to decide. Oh, you own Tesla, sorry.
@@LifeLongLearner-om8jx A strategy? He's insane, insanity is not a strategy it's an illness.
I’m glad you’re not in charge that’s for sure. You’re making a lot of judgement calls with very little and vague information. Worst person to be in charge is someone who acts emotionally without knowledge of the situation. Please inform me of this departments affect on the business revenues, growth potential, and their strategy going forward, I mean since you understand why musk fired them better than he the CEO with all this information does.
😂😂😂. You know more than Elon ( a guy who can run 5 huge future companies ) and sit half his day on twitter.
Yea you are smarter the Elon 😂😂😂
If I were them, I would hire back on but immediately be looking for a job at the competition.
Investing in presales for massive returns, and Revux is my pick!
the EV business is volatile and constantly changing ,a company has to be able to change quickly -he did it.
Making the Charging appliance is easy. Powering them to feed all at once is the hardest part of the charging lot.
Also add finding the right locations and working with retail shop owners. EVgo is struggling in part because they just spaced their chargers along the highway, without regard to nearby businesses
@@ytechnology If V 3 chargers are installed and 4 of them are used at once the total supply needed is 1,000 kW = 1 mW . That is a problem to have a site feed of that capacity.
Clearing out alts for BTC and Revux, maybe a bit of BNB and SOL.
Speculating if Revux will pump before XRP. Interesting times!
I have inside info for the situation: The Team was trying to Unionize, word got out as it always does. Hence..... all fired. Rehiring those who were not on board with contracts that had to be signed about unionization. This happened with me in the 80s when I worked at IBM. IBM... anti Union, just smells that you are thinking Union.... you're out the door.... Good Riddance. This is why IBM is no longer in USA (HeadQuarters)... Employees trying to Unionize.
@@yachmaster
Bad management allied to badly designed cars destroyed Detroit.
You have no inside info unless it came from inside your head!
@@yachmaster Yeah, look what they did in Germany and France.
In most countries, unions are beneficial to company efficiency.
She was asked for 20% reduction and she refused. Direct from horse's mouth...........All current work is completely frozen. No new projects will be approved, all existing projects that are already approved are suppose to still move forward. He fired everyone and is moving people over from his Energy sector to take up as the new team, they are just being thrown into the fire and being asked to figure it out, there is no one left of the original supercharging team. Tesla is trying to bring all current construction costs current and paid before work begins again. Some of the higher-ups went to the Mercedes Charge team for the IONNA network. As of now, we are just twiddling our thumbs waiting to see who tells us what to do.
That is telling information. The superchargers probably belong under the energy sector when you consider growth, costs, and the most optimum implementation of rapidly forwarding sustainability.
Do you know the term:
“Too big for you boots”?
There are some folk who simply feel that they are indispensable, the world involves about them and they can stand up to the boss because they are the Too Employee???
I get the feeling that this was one of those cases and what followed was the outcome of getting your station in the company wrong!
Li Auto is reportedly undergoing massive layoffs that could involve more than 5,600 people, as sales fall short of expectations, according to local media.
Who cares. Almost no-one knows about this company anyway, except chinese pumpers.
Latest layoffs at Ford
April 2024: Ford is delaying EV production at its Oakville plant and extending layoffs for 2,700 workers to 2027.
June 2023: Ford is eliminating engineering jobs in Canada and the U.S. as part of its Ford+ restructuring plan.
August 2022: Ford is laying off approximately 3,000 non-unionized workers in a bid to lower costs as it shifts its focus to electric vehicles.
September 2020: Ford is looking to cut 1,400 jobs in North America. The decision comes as the automaker attempts to reduce its losses and get an $11 billion restructuring program on track.
May 2019: Ford is laying off 10 per cent of its global salaried workforce, approximately 7,000 workers, as part of a restructuring plan designed to save the company $600 million annually.
........ And yet we don't see article after article on Ford's layoffs and nothing from former employees? Seems very strange, all these articles focused on Tesla have been coming out daily from many different News outlets!!
Not strange to me, MSM is bought and paid for.
💯 this!
All that happened after Prime Minister Justin Truedope announced to give $ 500 millions to FORD near the end of 2923 to encourage FORD to manufacturer EV vehicles in Ontario . Canada.
Ford is not stock market driven company.
As a stockholder of Tesla, I would really love to see Tesla remove Elon as CEO, and find someone from outside his inner circle with good credentials to replace him. He is not a good CEO and is damaging the company.
Hard to believe EM got fired as PayPal CEO for incompetence. 😅
The Supercharger Network is only growing in USA and Canada, and that growth is likely slowing over the next few years. This is due both to anti-EV (and anti-Musk/Tesla) marketing campaigns successfully shifting mass sentiment away from fully electric cars and towards hybrids in the USA, and forthcoming higher capacity batteries and more efficient motors resulting in longer range electric vehicles that need less frequent Supercharging. Improving autonomy may also enable a shift towards private fleet charging and more efficient use of the public Supercharging Network.
Tesla currently holds $3 billion in cash, but Elon Musk plans to invest $10 billion in chip development and additional funds in the robotaxi project. The company has no new products on the horizon, is experiencing declining car sales, and facing reduced profit margins. Additionally, Musk intends to cash out his substantial paycheck. Given these factors, the stock rating: sell..no brainer
lol this is when you buy. pretty basic stuff. you work backwards?
Genius! Sell low, buy high!
More "paid for" BS negative Propaganda. As of the Q1 10Q Tesla has $11.8 Billion in cash and cash equivalents and $15.1 Billion in short term investment. The is not another auto company with a better balance sheet. New products: FSD, Robotaxi, Compact Car, Optimus, Juniper, Roadster (not to mention a potential untapped Indian Market). Declining sale and reduced PM - A fact of the business cycle, still doing far better than all other EV companies. So go take your German Socialist Protests against Tesla and put it where the light doesn't shine. Remeber, Germany has many "sins of the past".
@@dialy1 Sell now while it still retains value, it has nowhere to go but down.
No new products like th obotaxi model 2 AF van juniper nothing Optimus mega packs power packs batteries chips NUTHIN
Delegated bosses like empire building. Musk is well aware of this tendency.
Lack of 300kVA mains network capacity more the problem of lack of demand
Bullish on Revux - destined for success!
Top picks for the bull run: DOT, FIL, SOL, and don't forget Revux ICO!
Channel "The Energy Show" just reported that "Elon Musk Is Right About The SuperCharger Business"
Superchargers are underutilized and held captive buying overpriced energy from the utility companies.
Many fast charging sites are loosing %16 instead of making money. Maybe that was an average of %16.
So we have a manager who is rightfully proud of what she is doing. But!
Did you notice Elon said they would expand some existing sites but slow down on new site construction.
In other word put the chargers where the demand is and not lose money.
Quite possible that She has/had tunnel vision regarding expanding the net into areas that would be unprofitable.
It also explains why Tesla was willing to allow other makes of EVs to charge at its superChargers.
Increase the utilization of underutilized money losing locations.
This is completely the opposite to how things are in Australia. Here, Tesla has signed at least one, and probably more, multi year PPA (Power Purchase Agreements). They buy power direct from the suppliers (large solar and wind farms) bypassing the retailers. The going rate for PPA's is sub 2c/kWh. Tesla sells it for 70c-85c/kWh. That's one hell of a markup. The profits are HUGE (but so is the CapEx). The profit numbers are in the last financial report from a few weeks ago.
Tesla received Federal subsidies to allow other makes of EV's to charge at their superchargers as well as increasing turnover. More taking from the poor to feed the wealthy.
So this story originates with Reuters again... a hostile source that was grossly wrong last time around. They said he cancelled the M2 and doubled down, just before it was addressed (and found to be false) in the April meeting.
They came out with many other negative stories before and since.
This is how negotiations with landowners work. Tell them we don't need your land anymore. So landowners say...oh wait wait we'll take half of what we offered before for rent.
Tesla was conceived as a manufacturing company, but I think they are seeing that being a service company is more profitable. So running taxis, AI service, … is a more stable business model.
I think Elon Musk is doing an outstanding job so far, and I give him a wide girth to do what he feels is necessary for Tesla. As a Tesla stockholder, I am confident that our investment will help us prosper. Peace
As the stock collapses the clueless fanboy thinks he's doing an outstanding job. Unbelievable.
@@hwirtwirt4500 If you can't handle volatility, don't buy stock. Any long term investor (not gambler), invested before 2020, is still at 10x.
Bagholders are delusional!
Sarcasm doesn't come through very well in print.
Charging for robotaxis doesn’t function the same as public supercharging
Please tell us how the non existent robotaxis are charged. We're all fascinated.
@@davidbrayshaw3529 Induction
Elon needs to run Tesla like SpaceX. Hire a COO and stay out of day to day decisions.
Every Revux partnership announcement heightens the excitement!
Elon can't tell humans from robots
Elon doesn't like humans, he prefers robots.
Sounds like you are parroting Reuters. Reuters is an anti-Tesla publication. Source from them is always anonymous employees.
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The best thing Tesla could do for the company is to get rid of the clown. Just so flippant to mess with the lives of 500 people. Twitter all over again
"China has won the race with electric cars", makes sense, taking the gamble to work on your strengths, massive Innovation.
Now you know what unions are for. For this people work, honesty, competence is bulshit, it’s only numbers….
The team lead forgot that her employer is unhinged.
I think she made the right decision. Staying with an idiot boss is mentally challenging.
I would ask for a signing bonus of one years pay to come back as a hedge against future Elon mood swings.
You can always ask provided they ask you to come back.
Elon is a mad man
The Dow, S&P 500 and Nasdaq hit All Time Highs while Tesla stock is at 58% below its All Time High 😢😮
Buying opportunity, or a short opportunity. Depends upon how you look at it.
More like a selling opportunity!
Not for the weak hearted. Can’t handle the heat get out of Elons way then
@@richardwolf6269 You sell, I buy more.
Thanks Sam - appreciate the update!
Elon doesn’t like dead wood. I suspect this was how he weeded them out.
My dream is that they are finally transitioning away from 8 stalls per leased parking lot to building out a worldwide network of Tesla branded charging sites along the lines of that huge one between LA and SF with the lounge. All that government money lets them start doing that, not that they need it with all those billions in cash on hand. It would be a branding win since most non-EV owners don't even know about the supercharger network because they are so low profile that they are easily overlooked (except maybe in California). It would make it more "real" in their minds to see giant charger sites along the interstate.
Love how Elons mind works
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation
Thanks for continuing updates I'd rather trade the crypto market as it's more profitable. I make a good amount of money per week even though I barely trade myself.
A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant
You trade also?, I
No I don't trade on my own anymore, I always required help and assistance
From my personal financial advisor
I bet the Indian prime minister was very *issed off
Oh that got glossed over, but disrespecting someone with more power is not a good idea.
Take care M.
He's always pissed off, its a problem.
We have a new supercharger station completed for months and not operating yet at Wilco in Grants pass Oregon. I would be pretty peeved on that issue. Wait I am peeved that it’s still as of today not operating. What a waste of time and money. People moaning about low vehicle sales is the reason for the pull back. What if someone knew new battery density was coming that would negate the need for as many chargers? Think positive ! 😀
I question Musks ability to lead and manage an organization if he flies off the handle and fires an entire team. I don think that is acting in the best interest of the company, employees or stakeholders.
The country of India is famous for the government corruption and I don't know why anybody would take the risk of believing what any prime minister tells you today is going to mean anything in a short time after you've made your investments. I think Musk was intending to build robot taxis in India along with his boring tunnels to alleviate the traffic problems in very congested parts of India.Then I heard that India would not allow robo taxis because such a large percentage of the population is involved in driving taxis for a living.
This "clarification" should not be necessary. He should not have done it. We pretty much had the story.
The only good news is for SuperChargers competition, they now have a pool 500 competitive workers with expertise in the industry.. a smart company may grab the entire team as a whole and takeover the market from Tesla.
Answer / Because they drive FORD CAR AND TRUCKS 😊
''' I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Vera izzo
I'm new at this, Please educate me, I've come across this before. How can I get to her please?
@Veraizzo THAT IS HER USER NAME
She often interacts on telegrams, using the user name mentioned
The same high-yield potential exists in both bullish and bearish situations; what matters is how information and technique are used. Not neglecting professional advice.
The true financial unlock comes when you understand and know the technique required to manage your investment's overall risk profile and avoid permanent capital loss. It is critical to have a strategy in place to capitalize on profits when they occur.
Like trumpers, musk fans need to learn to be more objective. The fact is the M3 and Y have been the two main products carrying Tesla’s success. The charging network is the best in the industry though it’s contribution is modest. Everything else remains work in progress and unproven. Institutional investors, at least the top six, have shed 30% of their holdings from the peak, reflecting their concerns. And the board and Musk are demanding that Musk be granted a $50B package. Musk has always been erratic and probably is no longer fit for leading a (great) mature company.
I'd be delighted to see Tesla hire the equivalent of Gwynn Shotwell to run the company. Musk should be the Chief Engineer as he is at SpaceX.
I suppose this was good for Chargepoint and the competition unless Tesla gave them a metered severance package with monthly payments over a course of time as long as they are not working for a competitor or industry doing similar work plus requiring that they provide technical support for those taking over their workload. Most layoffs with severance have a Non-Compete clause with the timed severance payout forfeited if you violate the terms.
Yes they can't prevent you from getting a job with a competitor but they can hold severance pay hostage. Most won't violate the non-compete in order to get the full amount of severance. Of course this is costly for the business since they will still be sending out paychecks and providing group health insurance basically paying workers to stay home for several months to a few years depending on the length of the severance package. Many will go to back to school while getting the severance checks or get a job in a non-competing industry and use the severance checks to buy down mortgages, etc.
Talking to the media and saying something negative about the company is usually an automatic forfeit of severance.
Best!
I read that competitors mainly the sub-contractors that install Superchargers and DC fast chargers are thrilled to hire the former Tesla employees. Tremendous amount of knowledge available.
They are too wicked and Envious 😢