- Elon Musk wanted Tesla to reduce its workforce by one-fifth, Bloomberg reported.
- Musk wanted the layoffs to match the drop in quarterly vehicle deliveries.
- Tesla delivered 386,810 cars in the first quarter of 2024, a 20.1% drop from the last quarter.
Tesla CEO Elon Musk at one point wanted the EV giant to trim its workforce by 20%, Bloomberg reported on Sunday, citing a person familiar with the matter.
The reduction, Musk reasoned, should match the reduction in vehicle deliveries between the fourth quarter of 2023 and the first quarter of 2024, per Bloomberg.
I can afford a Tesla, but I want to see this $25k Tesla through since it looks to be a much simpler vehicle with all the manufacturing efficiencies.
He’s only been talking about it for 15 years. Good luck with that.
The fact that absurd amounts of money can take someone this dumb this far is frankly insulting and disgusting.
I’ve been in multiple meetings with Elon Musk. He is honestly very smart… in some ways. That was back when he was just barely a 1 billion-aire and came close to being bankrupt. I think a combination of years of overconsumption since his multi-billionaire status allowed him to not be as on-point plus him being on the spectrum and not being smart in other areas (like running a business) brought him to this point.
Sometimes, people fail upwards.
It just goes to show how easy it is to make money with money and no moral compass.
I was generally considering getting a model Y, but learned that they can’t be exported overseas and still don’t have CarPlay and Android auto. Not to mention that it’s seemingly impossible to get an insurance quote without buying the car first??? Sorry, I’m going with another company.
don’t have CarPlay and Android auto
wut
They have their own systems for maps and apps and whatnot. Although music and phonecalls and things from your phone still work.
While I love BYD’s prices and products, I’m currently enamoured with Xiaomi’s SU7 they’ve announced.
Hope he also cut his salary that much and the same for all C-levels. Somehow, that never seems to happen. They all worked admirably.
Is it bad to wish that he just goes under with all of his companies and that he goes bankrupt completely so I don’t have to see his ugly face all over the internet?
The sad thing is that he’ll never go under. Imagine he’ll actually lose all his money, like actual 0 dollars on his bank account. He could do the dumbest shit evel like becoming an influencer or livestreamer or just e-begging and his fanboys will shove money up his ass.
Not at all, nobody wants to hear what stupid, hateful shit the Boer has been doing for the 2,078th day in a row, and I’d also like to see all the bazingas who line up to huff his farts go with him because they’re utterly insufferable too
He must be really mad if he didn’t try to make work in the numbers 420 or 69.
Like saying he wanted to keep only the lowest paid 69 percent, or something like that.
I’m not suprised by this. Tesla’s outlook is terrible. Their sales have dropped a lot, and Chinese EVs are destroying Tesla.
What a Genius™️
This is where real business men shine. Anyone can ride the wave of right place, right time. It blows my mind how much of our tax dollars are funneled to this bafoon.
*baffon
*numbskull
*cun
*beefoon
*bulloon
99 red buffoons floating in a summer sky
But… he used percentages. That means he’s a smart businessman who understands how numbers work.
Do it, you psychotic shithead.
I am the dumbest man alive meme.jpg
Gonna start running into the lump of labor fallacy real soon bud. Once cut that 20 percent ain’t coming back, and finding replacements ain’t simple.
Let’s say we take this at face value and that reducing staff by % reduction is the 100% right move to do.
In Q1 tesla faced a week long outage at Berlin due to an attack on a power station.
In Q1 tesla had a multi week outage due to rerouting ships around the red sea due to ships being attacked.
That’s a pretty substantial downtime for a factory in a single quarter.
Making a % to % comparison like that and ignoring wtf happened that quarter is senseless.
Edit: I also think it was the 1st quarter without the incentive on some cars in the USA and that shock takes time to adjust for.
A fragile clown gets enraged by a number and takes revenge.
Also it’s weird to compare consecutive quarters instead of year-over-year quarters, isn’t it?
Yes you don’t normally compare q4 to q1 because cars are seasonal.
For example, the Chinese new year is in Q1 and always results in fewer cars.
It should always be comparing the same quarter as the previous year.
The media often uses this to their advantage to paint good or bad pictures of companies depending on if their masters want someone to look good or bad.
You need both and trailing twelve months as well as annualized and probably a few others to get a complete picture. Cars have a lot of seasonality, so you’re absolutely not wrong.
It’s pure and utter nonsense. If that was orthodoxy or even good sense no company would exist. You have no sales as a new company do you have 0 staff or do you need to hire people to build product and make sales before you have ever sold anything? The company sales increase by 10,000% by going from 1 sale to 100 do you increase your workforce by 10,000% too?
The man’s brain is cheese from the drugs.
Profits:
