Tesla took down all its open U.S. job postings(qz.com)
qz.com
Tesla took down all its open U.S. job postings
https://qz.com/tesla-hiring-freeze-job-postings-elon-musk-layoffs-1851463668
19 comments
I will not buy (another) car from a company that I have no confidence in. It's too much uncertainty for this shopper. I buy cars new and hold them for 10+ years.
The company is profitable, huge, growing, and has a product people want. Their products have a lot of commonalty and long production times.
There's no other electric car that will be as well supported as well going forward.
There's no other electric car that will be as well supported as well going forward.
Those are all arguments for buying Tesla stock, not a Tesla. Of course Tesla will keep selling new cars.
What if Tesla pulls the rug on existing models and stops supporting them after a few years? It's not an outlandish fear. Musk has been wildly unpredictable, anything could happen. And given e.g. the recent story about how a Tesla car wouldn't even start again without calling support for some kind of remote maintenance, Tesla owners seem to be more dependent on the company's support than average. It wouldn't surprise me at all if Teslas were generally one expired TLS certificate inside the car away from being bricked.
What if Tesla pulls the rug on existing models and stops supporting them after a few years? It's not an outlandish fear. Musk has been wildly unpredictable, anything could happen. And given e.g. the recent story about how a Tesla car wouldn't even start again without calling support for some kind of remote maintenance, Tesla owners seem to be more dependent on the company's support than average. It wouldn't surprise me at all if Teslas were generally one expired TLS certificate inside the car away from being bricked.
These are great points, can't dispute the facts you've laid out.
We also have to incorporate the absentee leadership, random/snap strategic decisions, solar, playing games with the stock via social media, Optimus and Cybertruck.
If I was seeing Tesla nail down fit-and-finish, or just QA reliability, I might even be able to look past the irresponsible safety decisions and the anti-LIDAR religion.
IMHO - Musk is certainly now more liability than asset to Tesla's future.
We also have to incorporate the absentee leadership, random/snap strategic decisions, solar, playing games with the stock via social media, Optimus and Cybertruck.
If I was seeing Tesla nail down fit-and-finish, or just QA reliability, I might even be able to look past the irresponsible safety decisions and the anti-LIDAR religion.
IMHO - Musk is certainly now more liability than asset to Tesla's future.
And Semi. And New Roadster. And laying people off while still claiming a robotaxi and a less expensive car are coming soon.
It's also a company who's CEO says they aren't a car company, a company that thought the Cybertruck was fit to release, and company under investigation for defrauding investors and customers.
At least they are not leaving open job ads with no intention to hire like all the other companies.
The source article for this adds the detail that they withdrew all college intern offers after they had been accepted by the students - one feels terrible for those students, while the writing should have been on the wall for the students they might not have had time to try to apply to other companies.
What a lack of manner. I hope students sue the hell out of them. But the US society has decided it’s fine for businesses to behave that way apparently. Let’s see for how longer.
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then all of this kinda makes no sense, wasnt Elon doing this RIF because he wanted to inflate numbers to pull his cut?
Wouldnt removing all the job ads for tesla achieve the opposite effect?
Wouldnt removing all the job ads for tesla achieve the opposite effect?
If there is a desire to unionize, it would be great time for a strike. https://en.wikipedia.org/wiki/Tesla_and_unions
I am wondering how much of these layoffs are due to actual need by the business to cut costs, or if companies are doing this as a way to get the fed to relent on the interest rates. That's my suspicion as companies are still making decent profit and growth despite inflation and interest rates.
For Tesla specifically its definitely a lot of short term financial engineering by elon to please investors.
The people that work at Tesla have a cult-like culture, they will work crazy hard, pick up extra shifts, whatever to backfill. Its part of the culture.
The people that work at Tesla have a cult-like culture, they will work crazy hard, pick up extra shifts, whatever to backfill. Its part of the culture.
> Musk's competitor to OpenAI (x.AI ?) has raised $6 billion at a $18 billion valuation.
This shit blows my mind.
Just like A16Z giving Adam Neumann $350M to do a WeWork for residential (what???) that had a "valuation" of $3B before the company had done a day's work.
This shit blows my mind.
Just like A16Z giving Adam Neumann $350M to do a WeWork for residential (what???) that had a "valuation" of $3B before the company had done a day's work.
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Can you really describe a company that makes $1.1bn in profit as a "troubled EV maker"?
Psychologically troubled? Morally?
In this context troubled means financially.