Tesla laying off 2,700 in Bay Area
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- čas přidán 22. 04. 2024
- Layoffs at electric carmaker Tesla will include the loss of 2,753 company jobs in Fremont and Palo Alto.
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Ahh yes the annual Tesla layoff
My buddy sold his house in Reno and was in the process of buying a new house in California because they gave him a relocation package so he can find out he no longer has a job right after he put a deposit down on the new home.
They fired 2,700 employees and they also decided to pay 1 employee about 53B what a way to save cost.
But that's not all, the stock price went up by 10% after the news of firing. That means that many people/investors are happy when a lot of employees are getting fired.
Declining sales cycle you cut back or go Frisker so clearly investors are happy the company can remain around.
Investors are happy thst their investment is being protected.
I just talked to my friend about this the other day he works at the Fremont plant as a tech. He said that he might go back to 8 hour days which is bad for him because he lives almost 3 hours away from the plant glad I left Tesla years ago
What's wrong with 8 hour days
@@chriswhynder8311 nothing really but his schedule is 12 hours working half the year. So basically he will lose his overtime pay and that will suck big time. I have the same schedule at my new job and it allows you to make more money. For example I made 61k net for 2023 only working half the year. My friend makes more than me. He told me he made 100k something but with 8 hours he won’t make that in just half a year.
@@chriswhynder8311nothing but most people that work at Tesla are on 12 hour’s because they want the overtime. That’s why I joined but left for another company with the 12 hour half a year work schedule. You make more money off the 12 hours and you get more days off to spend with family
@@chriswhynder8311i tried answering your question but CZcams keeps deleting it 😢so I can’t answer it
@@chriswhynder8311 Long drive + full days = no life
I still love my 2001 Honda and enjoying my money and
I still have my 2000 Hyundai Elantra.
98 rav4 230k miles going strong
2004 accord here
91 Chevy S10, 4.3 Liter, Ext. Cab. I'll never give it up!
2010 Toyota Prius with over 220k miles on the clock and still going strong. 💪
no skin off my butt I drive a big giant gas hog.
I drive a small gas miser
@@jogmas12 rice burners are good cars and they last forever drive the crap out of it with a smile on your face.
Gasoline forever
I got the best of both, 52 mpg!
@@josephsimmons9241
Prius?
Insight?
Metro?
VW tdi?
Motorcycle?
Less jobs=more crime.
How ultra woke of you. What explains the crime going on already then?
@@Kamasaki286you guys learn one word and don’t stop repeating it. This guy is an idiot and it’s clear
More crime = fewer opportunities. Crime drives business away as is being demonstrated in Oakland and sf. , chicago, nyc , philly .
Crime is a job. Work went you want, set your own salary, pick your own co-workers and customers, etc.
@@jaym9846how do you do that?
Stellantis is also laying off a significant amount of its workforce.
The machines are taking our jobs.
Yep up to 2 yrs in Canada for retooling for electric cars supposedly.
WOW......the Bay area is struggling and now Tesla is laying off.....
Liberalism is being used to destroy the USA.
Most of the bay is still thriving, now Idaho?
@@josephsimmons9241 crime is thriving in the bay and businesses are closing.
@@josephsimmons9241it’s thriving until it’s not. Sit on your high horse but you’ll crash down sooner or later
Ha!! Just like Texas. I’ll stick to my V8 F-150, never let me down.😂😂
Me too brother
Got to love Texas!!!
But the economy is booming right???
How much profit are they making?
Its booming in inflation
Yep that’s what the politicians says 😢
It is booming. But no one is spending residual income on being price gouged. Gas pickups are just as overpriced and the same thing is happening.
First laying off twitter and now Tesla
With massively plunging sales, Tesla will have layoff far more to survive as a company.
They need to completely move out of overly expensive California as well
Lay off more so the stock can go up.
Still won't save it😂😂
It eventually will go down like fisker just wait…
No BYD cars in the US market, no competition yet.
Electric cars are not really competition as few people actually want them and those that did have already bought one. People are just elaborating on this simple and obvious scenario for screen and waffle time. The governments do not know what they are doing and if our current UK government plan did work which is everyone using and loving EVs powered only by wind turbines it would be a first if not a miracle.
You know there's the rest of the world, right?
2,700 employees laid off? It's not enough it should be about 4,000 employees
Good. Now maybe government will get it--we don't want EV. We just want reliable cars and work trucks that work, not duracell-powered junk that wastes our time and money.
Fireman: still going
I drive a 37 year old gasoline truck and it’s never needed any expensive repairs to keep it running, just minor repairs and maintenance, I’m pretty sure I would not be able to hold onto an EV for that long without changing its very expensive battery!
I like EV. They perform better.
Gas trucks are “emotional support vehicles” for middle aged white men..
@@MiMiiViVi The world holds around 1.56 trillion barrels in proved crude oil and that’s just in reserves, there’s plenty of oil still under ground and under the ocean that still needs drilling, provided the crazy climate changers don’t pass legislation to prevent drilling for it
Eventually we'll have to go to electric cars in the future. There isnt an infinite supply of dead dinosaur around the planet. Also with tensions in the middle east, gas prices will probably cripple the American economy.
What competition? Famously said by Elon Musk. There isn’t a single BYD EV in the US. How does that affect the employee in the US?
It shouldn't be impacting US employees, but ever since Tesla entered and penetrated China's EV market, the revenue earned from the Chinese market is taken as part of Tesla's total valuation, in which its stock is tied to. And if Tesla's market share in China drops, so does its stock, and Elon Musk lays off people in a typical executive knee-jerk reaction.
That stupid truck, need to drop that silly idea or make it 3x cost.
Compared to what, have you seen the cost of trucks in general thanks to Bidens inflation?
Indeed...that 'truck' is far and away the ugliest vehicle on the road, perhaps of all time. Had the misfortune to be right next to one at a red light...got a real good up close look. Unbelieveable, words like 'ghastly' and 'hideous' came to mind.
@@johnbuckles1344
I'm in the SF Bay Area. Those turds are everywhere and yeah.... they're fugly.
...already rusting...
...recalled accelerator pedals...
Garbage
This is nothing wait till Musk pulls out of Fremont and moves to Monterey Mexico you wait and see it’s coming .
Why wouldn't he? It's a smart business decision
@@MiMiiViViBut workers also get paid pennies on the dollar.
@MimiVerbana ~ Mexico’s economy is doing better then the U.S what are you talking about?
@@MiMiiViVi how are they desperate?
@@wturner777 and that’s exactly how musk is going to save his money earnings lol
No China cars in us
Too little too late. Globalization made it all happen.
I said that before but with these prices that the American company are forcing on us they can come here and take my money.
BOYCOTT AUTOMATED WAREHOUSE COMPANIES
So you're never going to buy anything again ever?
AI 🤖 is the future, don’t be stick in the mud
It's go continue buddy. Humans will be more and more irrelevant. Robots don't need retirement, no wages, and work around the clock. Increasing revenue like companies have never seen. Buckle up, it's going to be a bumpy ride.
@@middleguy1776 I'm moving to the Amazon to live a scared and naked life
@@jogmas12 AI will eventually eliminate human life.
Nobody is buying EVs. Recall Newsom again and vote these democrats out of office.
Elon musk is a Republican 😂
Governor Gavin and Dems doesn’t own Tesla!
@@shirleyharris1335but their regulations are causing this
You realize that Elon, a far right winger owns Tesla and is doing the layoffs right? 😂
@@isaac198428Don’t bring logic to a right wing looney comment section!
What are they still doing in California??? And in the expensive Bay area to boot?!??
Bay area is probsbily more expensive then new york and Connecticut combined
In the 60's that plant built ford trucks. I see a few around. Some are like new while others are working trucks. They came stock with radioactive car detectors.
This happened two weeks ago when people received lay off emails at 2:00am. Some people didn’t even know they got laid off till they got to work and their badges weren’t working.
Yup.
Wow I heard from someone who works there they went to lunch came back badge no longer working 😢
That's what I'd call a real high-class company.
@@Thomas23-tu8gj sad my neighbors and one of my kids work there. times are hard a while ago it was in the paper Tesla gave 25 percent raises after UAW but now I see why. He knew he was doing a big layoff.
My buddy sold his house in Reno and was in the process of buying a new house in California because they gave him a relocation package so he can find out he no longer has a job right after he put a deposit down on the new home.
Abandoning California like all the successful companies are and have 👏👏
Leave them before they leave you smaller company's are way better hes too risky
All those new Van Life CZcamsrs! I can't wait to see what kind of rigs their Tesla stocks can buy them.
Of course you have Gavin Maosom promoting a Chinese brand EV instead of supporting an American company like Tesla.
Maybe you should redirect that comment to Gregg Abbott. Tesla is now based in Austin Tx.
@@vp5228 maybe you should watch the video. There is a clip of Maosom driving a BYD in China with his shit eating grin from ear to ear. Why didn’t he do that for an American company? Last I checked Texas was still a part of the US.
@@ebeyslough or maybe Newsom doesn't want to associate himself with n***i sympathizer and a vaporware salesman!
@@ebeyslough BYD can't get in the American market. I thought Newscum's already doing Tesla a favor by mandate all EV in CA by 2035.
Same reason the Big Orange comb over and his family were having their clothing line and even some of his MAGA products made overseas until they got called out. You were probably ok with that since it was the Maggots.
That’s what Elon Musk gets for building a Tesla-only underground tube instead of a full-blown Metro system in Vegas.
US Oligarchs: Wars are more profitable!
Good thing I don't even have a job in the first place😂😂😂
40k to 38 k 😂 what a deal
So Elon can still get his $56 BILLION bonus.
That's good. I don't like their cars. The cars look like the cars that came from Aliens.
Put it this way you don't want to pay $29. A hour . but don't want to lower the price of your cars. So who going to buy them if you lay off the workers.
He lost 100 Billion s ! Looks like more is coming!
He lost $100 billion because of his mouth. Revealing he’s a far right racist. Never good for business.
As he loses money people lose their jobs. Keep cheering it
Dollar general is hiring.
Could be the cost of Tesla batteries that killed sales. I drive a 1992 Buick Roadmaster V8 myself. Paid $1000 for it in 2011 and it hasn't let me down since.
I'm not out to impress anyone with a car. I get the right of way at every intersection and I don't even have to lock my doors.
The economy is great . Lol
LET'S GO BRANDON!🤡🎉
Elon's idiocy has nothing to do with the national economy.
Bidenomics is working just fine! and chinese junk cars will save the world!...Bahahaha! wish in one hand....
@@robertpalmer3166 the economy has everything to do with business. And I have to laugh at YOU calling one of the smartest people on the planet and idiot . What is your iq ? What is your wage grade? Is part of your career asking people if they want fries with that ?
Love my Corolla with 98k miles
Love my Prius with 220k miles, and still going strong!
Who’s Tesla competition, don’t see it in the US market
Its actually 3,300 according to sfgate
That's Biden's build back better FJB
You're so brainwashed 🐑😂
It's Trumps Fault! bahahaa
@@Biden2024MFsTrump 2024!!!
@@IoveIsrael3059Trump for Prison 2024!
Edit: Biden needs to go, too!
Lower demand in the USA has nothing to do with other electric cars. People buy Tesla for the name and for self driving - the cool factor. Everyone who wants a Tesla pretty much has one. It’s saturated. No need to expect growth year after year.
Wonder if it will lighten up commute time 🥴
BYD is unbeatable when it comes to electric vehicles, in both technology and price
Have you not seen the reviews by the Chinese on those vehicles?
Olaf Groth is misinformed. BYD was only ahead in the 4th quarter of 2023 and is down much more than Tesla in Q1 2024.
BYD? Also GM, Ford, Mercedes, Volkswagen, Nissan ..............Tesla is losing market share. Over all electric vehicle sales are up 21% this year.
Love lamonica's hair😍
Lol, they JUST laid off 10% last week. Why would they lie about layoffs?
I don't think Tesla was important for Elon. He did wanted to start this company. But Elon is not good at operations. Eventually this happens. Isn't the US government going to help? The car is so dangerous.
Hopefully, some of them will start new companies in support of the knowledge they learned. Service technicians can start service businesses, etc.
The economy is dieing so that is not going to happen.
Not in this economy
Just another day in the life of Elon’s companies
did they just say "brand marketing??? elon is proud that Tesla doesn't advertise!
What’s new ! They do this every year then rehire them. I been there for 6 years and this always happens. We just got rid of 10% worldwide. Less cars built 🤷🏽♂️
I heard nothing but bad things from people who have worked there 😅lol
Well they won't be complaining much longer so this is great for them.
It's sad! companies do layoffs! With Tesla, everything is amplified
Just in time for spring break
I can't believe Tesla remains in California at all.
Muscle cars FTW....no brainer.
Tesla is now entering a slippery slope.
And they gave everybody an electric toaster on the way out the door
Great news for people renting or planning to buy a house.
These are the workers that perfected the algorithms for their robot replacements and were completely disposable from the beginning. (I was about to write the word automated but the guy in the video said it just as I was about to write it.)
Hopefully these folks expected this and placed savings aside or have other, financial options! Quality built vehicles, not quantity! ✌🏽
They had to guyz! Elon was down to his last 250 BILLION...how was he going to feed his family?!
Its ok, we sent money to Ukraine and Israel instead.
Dems took his bonus and crashed the economy, people forget google laid off 12 thousand just last year, Facebook 11k.
Feel his family?
@koruspring1519
I guess with his hands?!?!?!
🙈 🤔 🙄 🤔 🙈
Great!!!
LOL
We need TRUMP back!
What’s he gonna do to save Tesla?
@@wturner777Close the border. By closing the border we won't have 3 million new migrants each year who require housing clothing and food from taxpayer money making inflation go up. By curbing inflation Tesla won't have to layoff people.
Its over!He is going bankrupt with no U Turn.
along with apple, Microsoft, adobe, ford, GM, and hundreds of other companies that has been laying off the past year. RIGHT?
The economy is transforming into a 3rd world economic much like Venezuela.
He's actually not even close to bankruptcy
@@middleguy1776just look at their stock price trend.
Please go Short TSLA 😂
tesla needs to close all them california areas
The cybertruck might end them. The price cuts must’ve been a joy for early customers too, as they watch their resale values tank.
For the sake of the industry I hope they get their act together. Looks like the party’s over.
Probably do to behavioral economics in the area somehow.. sad but sometimes true...
Behavioral economics 🤔🤔wow it exists ITS NOT EPIC ITS EMIC
You ain't seen nothing yet...
it is already a multipolar world, so start changing the biz model to compete at affordable pricing!
You can't always do that. It depends on government regulations
@@middleguy1776
so it is the gov telling telsa to sell their cars so expensive, when telsa was at the top?
elon said laughing that no oen can compete with telsa, cause telsa is the best...right now telsa got caught up and then elon told the gov to ban competition, since the gov cant tell the competitor to slow down, we told the competitor there will be consequences...
look what we are doing to tik tok! when facebook, snapchat, etc. were at the top, what did we do...when we can no longer compete what are we doing to tik tok?
the competition out compete us in our own capitalism biz model...
@@middleguy1776
did the gov tell telsa to sell their cars so expensive so they cant compete anymore?!
Less jobs = people might now learn to read & write
Tesla needs to try redesigning their ugly cars, BYD cars are very nice looking and stylish. If BYD gets into the North American market Tesla is going to have a bigger problem.
Trump and Biden are the most likely next president and they are both against letting Chinese crap in so it will be awhile if ever.
Have you not noticed almost everything manufactured in China is JUNK? I would never by a vehicle made or sourced from there, at any price. Never.
Tesla is today’s DeLorean….
They laying off everyone in California so they can't get out of that enormous taxation state.
That and car sales are dropping .
They are laying off big here in Texas as well.
They ready to bring out the robots
i hope they don't end up homeless since it's soon to become a crime
tesla and other companies are not in business to provide jobs to people .
Must was too busy with X. Spent all that money on the most useless social media app.
Make it 37k jobs
Drill baby Drill! Gas powered cars for the win
Open borders and cheap labor flowing into a country will always cause layoffs, homelessness, hunger and so on. That's why smart people make sure their country is protecting their borders. Sad to say but the American dream is over of generations to come.
When it gets worse, Americans should head to Mexico and give them a taste of their own medicine.
Electric vehicles, it is not selling. Electric vehicles is for the future not for today.
Not just Tesla every company in the automotive industry will start laying off people simply because cars are overpriced $65k for trd Tacoma? Lmao
BIG
Elon is Tesla’s worst enemy 😂
Brace yourself
Trash cars
Tesla needs to do 0% financing on top of existing incentives and I, and many others will consider clearing out their inventory.
0% financing on a crappy product is still no bargain.
A friend of mine recently wants an EV. But she told me there are too many Tesla on the road, and they look plain cheap. She likes Audi Q4 and ID.4, looks more luxury and beautiful design with nice color like the chalky gray. She's also looking at Rivian. I think this is one of the reason I see why Tesla sale is declining. It's refresh still looks the same. For Tesla to continue to climb, it should focus on design, quality, so it can sale at higher price as a luxury brand and get earn higher margin. Not making cheaper car with poor quality to increase sale volume but lower margin. (IMO)
Tell your friend to avoid Rivian, they appear to be headed down the drain.
I can hook them up with a job selling tamales in the barrio
Good
Thank God I didn’t take the Tesla Job
😢
Gasoline Forever