this post was submitted on 22 Apr 2024
360 points (97.6% liked)

News

23311 readers
3609 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 
  • 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.

you are viewing a single comment's thread
view the rest of the comments
[–] TallonMetroid@lemmy.world 190 points 7 months ago (2 children)

If a full fifth of your workforce needs to be sacked, it's clearly a management issue, so let's start at the top.

[–] Buddahriffic@lemmy.world 93 points 7 months ago (4 children)

He needs to fire the idiot in charge of the whole thing. I bet Tesla could make a recovery if he wasn't at its helm, even if he still owned the same amount of shares. Even more so if his ego could handle hiring a replacement that was all too happy to vocally throw him under the bus.

[–] assembly@lemmy.world 40 points 7 months ago (1 children)

I think the problem is that it’s such a house of cards. It has no reason to be worth the current stock price which is higher than multiple larger car brands combined. The stock value is based on this legacy idea that Musk will deliver amazing innovation. If he stays, his Twitter bullshit is going to negatively impact the brand and if he leaves, the stock will drop to a realistic valuation based on fundamentals. It’s a bit of a lose/lose.

[–] frezik@midwest.social 13 points 7 months ago (1 children)

Long term, the company's biggest value is a charging network. Their cars aren't ahead of the rest of the industry anymore, except maybe in live software updates. Even that's been tainted by updates that make the car good or bad depending on the day of the week. The charging network, though, is only going to have more customers as other companies adopt Tesla's plug.

[–] jdhdbdk@lemmy.world 3 points 7 months ago

That only applies to the USA in Europe, or at least in Germany and Austria the charging network is not better than the other providers.

[–] tacosanonymous@lemm.ee 23 points 7 months ago (1 children)

He gets very mad if you imply or even ask if he should be accountable for any failings of his companies.

And this brain dead idea of his is literally just punishment like he's an ancient slave lord. Like this will motivate the remaining workers to double their output.

[–] jkrtn@lemmy.ml 4 points 6 months ago

I think you're wrong. I think it is like a modern slave lord, which he is accustomed to via the emerald mining.

[–] logi@lemmy.world 11 points 7 months ago

He needs to fire the idiot in charge of the whole thing.

Thats not his job. That's the boards job. And yes, that's what they need to do.

[–] nilloc@discuss.tchncs.de 8 points 6 months ago

Naw, their long term fucked by the Cybertruck pr-orders. They can’t reliably manufacture it quickly enough to make good profit on it. Firing 20% of their manufacturing people is likely just gonna make building them harder.

And they have to build like 750k more of them at a rate of less than 100k per year.

Long term fucked by a child’s design of a truck.

[–] ooterness@lemmy.world 14 points 7 months ago (4 children)

Okay, so we need to fire one fifth of Elon Musk. (Instructions unclear. Is a saw involved?)

[–] ASeriesOfPoorChoices@lemmy.world 5 points 7 months ago

the top 5th, to be clear.

[–] AngryCommieKender@lemmy.world 4 points 6 months ago* (last edited 6 months ago)

Use a trebuchet, if the other 4/5 goes with the 1/5 he has no-one to blame but his own inability to transsubstantiate

[–] vaultdweller013@sh.itjust.works 3 points 7 months ago

A barrel of sulphuric acid and a crane, its cleaner and makes disposal simple.