https://www.youtube.com/watch?v=ngAvbnCpn2A
Cool yet expensive
Printable View
https://www.youtube.com/watch?v=ngAvbnCpn2A
Cool yet expensive
Can't speak to the veracity of the reports, and can't link to the vids, but reports are that Tesla has initiated mass layoffs at their Gigafactory in Austin Texas. The reports also point to large numbers of unsold CyberTrucks outside the complex ( I'm unsurprised ). Tesla is compelled to give two months "notice". They didn't, but will have to pay salaries and benefits until mid June. Probably cheaper than continuing to make things people do not want.
I guess Tesla could shift manufacture of the CyberTruck to China, and they can join all the BYDs and SAICs cluttering up the docks in Belgium and Germany, without homes to go to. BYD and SAIC are sending massive car carriers to the European ports, and Turkey as well, when the cars have no buyers. I wonder when they will start getting turned away.
Nothing at all to do with the lousy trade in offers of course.Quote:
Originally Posted by DiscoDB
Eletric Jesus will save them [bigrolf][bigrolf][bigrolf]Quote:
Originally Posted by Tins
Its 1400 or 10% of the company staff being laid off. That means they had 140,000 staff[wink11][wink11][wink11]
It is just a car company despite the true believers in Musk[biggrin][biggrin][biggrin]
"As of 2023,
Tesla has seven factories located all over the world. Fremont Factory is the first manufacturing site for the Texas-based EV maker.
Gigafactory Mexico is the last officially announced production-site."
Question for me will be which one of the 8 gets the biggest cuts? Germany has the highest power costs[biggrin][biggrin][biggrin]
Don't care about Musk one way or the other, although I like what he's doing with SpaceX, making NASA look like amateurs. But the US MSM detest him since he brought free speech to tweeter, and they are circling like vultures.
The 10% figure is global, and Tesla would easily have that number of employees if you include China, where everybody seems to be losing their job, at least in the EV sector. Also, seems some very senior execs are off to "spend more time with their families".
Tesla is touted as the most valuable car company on the planet.... Not sure how that is calculated, however if they are struggling then the cracks in the industry are definitely showing. All those BYDs piling up on the wharves in Belgium and Germany, oh and Italy apparently, are there to keep the figures up in China. People aren't buying them in Europe any more than they are in the US. Lucky we're RHD or they'd try to offload them on us.
Guess the answer is don't crash...
https://youtu.be/CxwbjwIVrdc'si=fhkHXUxSpkE9TgNY
So - 14,000 staff being laid off, 2 directors gone, they broke industrial laws in Germany by not giving notice of the redundancies and they've apparently cancelled the Tesla 2 model. Just a flesh wound.Quote:
Originally Posted by NavyDiver
Some really big cuts starting to happen across a lot of companies.
It feels like big business (and consumers) in the US know something bad is coming and are acting quick.
The List of Layoffs Sweeping the US: Amazon, Tesla, Google, IBM
List of Layoffs Sweeping US: Hasbro, Amazon, More
Layoffs rise to the highest for any February since 2009, Challenger says
Economic cycles - Not my push bike[biggrin][biggrin][biggrin]Quote:
Originally Posted by DiscoDB
You have to remember that in the USA home loans are fixed for the loan period, so people who got their mortgage in low interest times are laughing.
However it is consumer loans that have risen enormously so this affects new car sales disproportionately, particularly expensive cars.
Many USA citizens look predominantly at their monthly repayments and these have risen enormously.
And of course the chickens are coming home to roost on EV residuals so leases are now much more expensive and insurance is also going through the roof.
Regards Philip A