We Don’t Know What’s Going On With Tesla Supercharger Team Layoffs
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2024
- Episode 351: Francie and Kyle hop on to talk about what they do and don't know about Tesla's recent, apparent, layoff of entire teams regarding the Supercharger network and more.
Electrek article: electrek.co/20...
Kyle's post on X: / 1785336960455778580
Shoutout to our sponsors for more information find their links below:
- Fort Collins Kia: Visit focokia.com for full details. Disclaimer: *Delivery covers up to $1,000.
Find us on all of these places:
TH-cam: / outofspecpodcast
Apple Podcasts: podcasts.apple...
Spotify: open.spotify.c...
Amazon: music.amazon.c...
For further inquiries please email podcast@outofspecstudios.com
#supercharger #tesla #layoffs
Elon just shared “Tesla still plans to grow the Supercharger network, just at a slower pace for new locations and more focus on 100% uptime and expansion of existing locations”
This is actually good news for most. Bad news for those that lost their jobs.
Flushing all that institutional knowledge as a cost saving measure seems so insane. I hope there is more to it.
just cost cutting. their EV is not selling as fast. How profitable is the supercharger network?
Doesn't mean anything, been working too long in corporations, that's code words to try and be reassuring, but the fact is the entire team is laid off and it's a skeleton crew. Forget NACS adoption, no OEM in their right mind will touch it now, and good thing too as it was a bad idea, we're seeing why here. The Supercharger network is all V2/V3 which is good for the Tesla fleet but not the newer 350V vehicles. Other OEM's will drop NACS plans and just provide adapters, and maybe not even that considering that Tesla designed the Ford adapter, and now have no staff to do the same for others.
@@Gnosticware correct. Especially the non-support of 800V vehicles is a critical point and one of the reasons why Tesla slows down their charging network. The chargers are simply outdated and Tesla needs to update their vehicles and the charging network
This seems nuts to me. Tesla has just set up the entire industry to switch to its NACS connector, and is set to become the Exxon-Mobil of electric charging for the entire country, with a business model that should be a cash cow that ensures constant income to the company. Then they fire the whole team. WTF?
that’s looks like just elons way to run companies really. it’s absolutely necessary for him to regularly eliminate unnecessary processes, parts and personnel.. if none of this people would be replaced or brought back in near future it’s evident not enough people were fired yet.. it’s just the way of running company
@@a.noumenunnecessary? Sorry but supercharging is the most necessary part of EV's.
@@JonathanRootD yeah, i agree, it’s obviously vital, but i just don’t believe it would suddenly disappear because of the layoffs.. there would be no layoffs in the first place if that’s was a possibility
That's exactly the point. Now that every other charging network is going to support NACS, that takes a lot of pressure off Tesla to expand their network as quickly as they were planning to. Plus, now that Tesla is in direct competition with the other networks in the sense that they can now draw non-Tesla customers away from those networks, that forces the non-Tesla networks to improve their uptime and provide better service to both Tesla and non-Tesla EV's.
IT is NUTS Tesla CEO seems not to be to stabel anymore he doing crazy shit evrywhere
As I said in a video a year ago "When you're relying on the goodwill of a company and it's CEO, that's not a safe place to be long term"
Especially when that CEO is Elon Musk.
IF, they are NOT Removing 1kg per DAY on Vehicles every Team., then FRE them.
I just took delivery of a 2024 Model Y last week. Part of why I bought a Tesla and replaced my 2017 Chevy Bolt EV was the Supercharging Network.
Surprise! 🤡 Prepare to be behind a line of other brand cars for a charger. The exclusive club is over.
@@softwarephil1709 The exclusivity thing doesn't bother me in the slightest. I care that Tesla will let their infrastructure degrade to the point where it is no better than EA.
@@jakthebomb You'll care when you have to wait more than an hour to get to a charger.
@@softwarephil1709There aren’t that much line up now. I don’t see how it’s going to change anything now. The superchargers are already in place.
I could never buy a Tesla because they are so associated with Musk who I despise
Review the Q1 financials. The company burned through $2.5 Billion in cash. Most of the cash they have on hand is bottled up in China and unavailable for use outside that highly competitive market. We're witnessing a company experiencing a severe cash crunch and looking to cut expensive capital projects.
Oh, you're the one person that actually paid attention to the Q1 call. It's not pretty. It's not pretty at all. The share price is all based on promises and nothing on performance.
Yes, this is a timely adjustment to fiscal planning in a worldwide slowing of EV adoption caused partly by everyone rushing I’ll designed vehicles to market instead of more slowly developing the vehicles and batteries for increased efficiency.
Removes stalks???
Adds useless and expensive rear display????
Invests in a robotaxi when it's not even close to ready?????
Fsd still lacks left/right looking cameras at the front of the vehicle (theyre too far back, car has to throw itself into traffic just to see)???????
4680 weak and slow??????
400v????????
I think Elon Musk has gotten bored with selling cars, and wants to go all in on stuff that excites him...like AI, robots, and space rockets. I also think he is mentally losing it ever since he bought Twitter and is simply not the person he once was. The Cybertruck, for example, consumed a huge amount of resources to develop, for what is essentially an Elon Musk vanity project, while the boring, but badly needed model 2 gest cancelled. I am starting to think that Tesla would be better off with a different CEO that actually cared about the electric car business.
Ummmm, you can Supervise the tesla from REAR seat.
This is how unions get started. You can’t trust companies to be loyal and look out for the little guys.
see, rebelshot gets it... 🤙 they know who the original Robber Barons were (ie, Rockefeller, Gould, Fisk, Morgan, Vanderbilt, etc).
✊
If you go applying for a job without doing any research then you get what you deserve.
Tesla is hard to get into, will work you like a dog, but when you leave then having that on your CV is like a golden ticket.
Would I have worked for Tesla when I was younger? Hell yes. Now I am older with family? No thanks.
Phillip.
@@philliptemple9841So, future prospects should treat Tesla as a pit stop in their career? Why would that be attractive to the top candidates? Seems like that reputation would drive them to other tech companies like Google or Apple.
The main executives will never take a pay cut. They always sacrifice the worker. Also being young and working for Tesla is not the answer. Young people have bills too. Those college debts will not pay themselves.
Layoff by e-mail. How to add insult to injury.
Are they remote workers? What’s he supposed to do, fly them to Texas to lay them off in person?
@@Dactylonian If they do not work in the office, video conference with them. Even calling them on the phone would be better than an e-mail. I have been laid of multiple times, and they always had the decency to do it face to face. Layoff by e-mail or text is a great way to say you don't care about your employees.
Brought to you by the same guy that wants to sell a car in a minute. BTW LEM just fixed the sales process too. Musk is out of fn control.
What about the tons of people who never read emails? Will they become like Milton from Office Space still showing up to work? "I, I, I didn't get my p-paycheck."
Like Trump … layoff by tweet
The Supercharger network is the single greatest accomplishment Tesla has ever done, because long-range travel that's EASY is fundamental to the adoption of EVs in North America.
I can't easily visit my in-laws in Kansas without very specific planning. I can't even drive my car when I'm out there to go to the grocery store. Because there are no DCFC locations, and that grocery store is 100 miles away.
You're opening up the network to practically every EV driver on the continent without building with urgency?
I'm honestly floored at this decision.
just use house outlets 🏠
There are millions of charge points, they are at every house. Perhaps you could have private charge points, to reserve. Same as you have at home.
@@dhjengr8756yeah just know people everywhere you drive that will give you electricity. Who needs charging stations for travel.😂😂
I know the feeling. I couldn't go very far from home without carefully planning where and how long I could plug in to charge, running extension cords out of the family's garage, watching the battery level like a hawk, trying to limit use of basic accessories like heat and AC.
That was with my first car that I ever owned, > 30 years ago. The relief and freedom I felt when I finally got the bad alternator replaced, must be what EV owners felt when they switched to gas over 100 years ago, and still today.
@@jeebusk Use a house outlet at the grocery store? Yeah let me camp out for 24hrs for my car to recharge enough to return home
Guys on the SuperChargers, we need to get deep into how it was financed when interest rates were basically super-low. It may be a fact out of sight, but a big driver. Finance managers are constantly at return on equity, and doing plenty behind the scenes.
Sales fall because only fascists want to buy a car from a fascist like Elmo. Elmo fires 15% of the workforce because Elmo can't keep his mouth shut. Time to unionize.
Firing the entire Supercharger team is absolutely insane. This is one of the main selling points of Tesla vehicles. If anything, they should have been hiring people for the Supercharger team, now that every manufacturer is switching to NACS. If Tesla had a real board of directors, Elmo would have been fired a year ago. Instead they want to give him 55 billion dollars, while he poaches engineers from Tesla for his social media company.
Tesla isn’t a car company anymore. Its an AI and Software company now!
Your main source of revenue is selling cars... you are a car company.
@@Alehinn Tell that to Elon.
Robotaxis will pay for his bonus. 😂😂😂
Where is the Tesla Board of Directors? MIA as usual. Shareholders need to call a special meeting.
100% it is their job to look out for the company and keep musk in check
The same board that was found to be "non-independent" from Musk via court ruling? That same board that lied to shareholders about being independent and acquiescing to Musk's comp package demands instead of negotiating it on behalf of shareholders? Musk basically owns the board, do not expect them to intervene.
They don't have a Board of Directors. They have Musk's family and friends. Didn't anyone read the Delaware Court ruling on his Remuneration? Why shareholders have chosen to ignore this is beyond my comprehension. Tesla's retail investors are clearly off in La La land and, in my opinion, some of the behaviour of at least one of the institutional directors makes them look like they're on the take. This is out of control.
What board, it’s like his brother and buddies, rubber stamp.
DELETE board.
Also to all the other charging companies there is now a ton of talented people that could help your product get better
Not interested. Why would anyone invest in a charge network when the majority of Ev owners charge at home?
LOL - yeah, this is actually a positive! Have another glass of Kool-aid
New car development team fired too. Who is going to develop robotaxi and the low-cost car?
One would presume the Shanghai team will develop the robotaxis and low cost car as it will likely be built there.
Development of charging infrastructure has slowed down worldwide with some already going out of business so there is little point at this time aggressively pushing charger development considering they already have the best units. The Shanghai supercharger team will at a guess take over charger design changes and software updates. It's just a much cheaper way to do it.
New site construction and maintenance are currently handled by agents so will continue as and when required.
So I expect from a consumer point of view very little change will be noticed.
So your new superchargers will be full of CCP spyware. Sound business plan
Ever heard the saying 'Not seeing the forest for the trees'
“The best part of Tesla is their Supercharger Network.” We heard this over and over again through the years. We’re now to believe Tesla just dumped the best team of the best part of a Tesla ownership experience or is it they don’t agree with the previous quote or is it a mix of each. Tesla is obviously grappling with fiscal issues not being reported. A factory that shut down or a Truck that will be years in production before they break even. Tesla could’ve built a cash cow of an EV, had it to market in 1/3 the time and already broke even a year ago regardless of target audience or type of EV if it just used conventional current building materials. No one is going to build a stainless steel anything to chase Tesla down that rabbit hole. Unfortunately the talented employees let go are collateral damage. They have my prayers and respect for their plight. Sad to see Tesla so late delivering the highest kWh with least amount of transfer loss. Hopefully they can make the transition rather than be stuck in the past. 27:51
I agree with you about the "cash cow" and I'm surprised I don't see that comment more often. I've been saying it since the Cybertruck came out and turned out to have some nice innovations but be very expensive and not only very late but not fully baked (unlike Musk). I see it as a lost opportunity to come out with a new vehicle before the competition had a chance to catch up. The worse things about the Cybertruck seem to also be the things that delayed it. All that time and money and expertise that went into making the Cybertruck could have gone into a vehicle that could have been affordable and appealed to a much wider consumer audience. The way the Supercharge firings were done a lack of common decency and professionalism. Not a good look for Tesla.
Whenever I sit in a chair I always amputate my legs. Because I’m sitting down so have no need for legs. And now I’m much more lean and mean.
It's the Ketamine...
BAD move, E'loon. Just plain stupid. Wassa matter? Supercharging weren't restoring enough mammon in your pocket to cover your losses with Twitter? So now what happens with the NACS transition if you've fired the Supercharger employees? Derp.
And what will ford, Rivian and GM say? Is this a violation of their contractual obligation?
Not yet. Not if there's not a clear impact to the products. But quite possibly if and when those effects show up
Those companies need contacts to engineer their connections to superchargers.
it will slow things down as the people who knew how to get the permits are gone.
The engineers are gone.
Too much institutional knowledge is gone.
But the network will continue. There is an obligation to service these other automakers and customers.
I didn't expect this level of shift.
I don't know if there would be any contract language to guard against this, because I don't think anyone could have foreseen this move. It's bizarre.
@@External2737 I mean. The engineering has been done. You need to make the handshake work for each manufacturer, but the connector is done and available. I can't imagine the handshake is something they couldn't figure out pretty quickly.
The problem will be in the long term quality of the experience
what Laptop ?
If Elon is willing to let SuperCharger section go I can also see them cutting Semi also. Its not producing any income and is just gobbling up funding at this time.
FYI, the Semi has always been a "scam" from the beginning. it was never intended to be anything more than a "publicity stunt" with Pepsi-Co (which it is).
The Tesla cab is so heavy that the payload is 1/2 a diesel semi.
Cybertruck should be dumped.
Elno's self medication is the gift that keeps on giving.
Must be a lot of other car companies now sweating wondering why on earth they hitched their charging future to Tesla.
NACS is an open standard. They aren't hitched to Tesla
There is a brand new 20 stall (1 is a pull thru) mostly built Super charger site at the corner. Been that way for almost 2 months. The paving and striping is done. No dispensers And NO big utility transformer. The Switch gear is there. There are 3 large white cabinets. It was amazing watching the site be built. All the dispenser pedestals and their conduits were pre-made. and went in fairly fast (even in the rainy season here). then Nada progress. The next supercharger site is in SLO . I thought we had arrived :(
This way it happened can't happen in Sweden and most of Europe. You can't be sent home next day. Here It's laws regulating this things and employees and employers knows them. Most be horrible for those guys loosing their jobs, and so quickly
Well its the US, hire and Fire - I mean they still got the death penalty lol
The charging network was the crown jewel of Tesla.
Yesterday, Tesla went up to $194 a share. After this, don’t be surprised if the stock collapses to $100 or less as consumers shy away from Tesla because of this happening. 😖
Yup. Sold all my tesla today after this news. Elon is just a cancer. Tsla cannot grow with a cancer within it, no matter how great their products are.
You have to remember that the stock market is not the financial reality or reflective of company performance. It's people forecasting what something is going to be worth in the future. And as we've seen what people think and what's real are very different things.
I worked for a big fortune 500 co, and was laid off. 4 months later I got a call and they brought me back. I never trusted them the same way again, but I took their money and provided the best work I could. .... Bosses aren't infallible, but it is 'their company' and not ours to make decisions.
My prayers are for soft landings for those affected, and even the ones 'left'. I hope the powers that be keep the field maintenance going so when one goes down it doesn't generate more downtime for the chargers in the network. Also need more batteries at the superchargers to keep the 'grid' more stable nationwide.
Thanks for providing reasonable commentary.
This is the answer. Layoffs look good to investors. Eases internal employee count, bonuses, salaries, etc. This is backdoor strategy to separate the wheat from the chaff and regroup. Edit: To be sure it sucks for the laid off. I was there too. Control the narrative of your life. You are not your job.
Last time I got laid off, I was fired based on date of hire, not my bosses opinion, and he was pissed until he moved out of here
@@12345idiotsluggage Layoffs looking good for investors?!
I own Tesla Stock since 2018 and am now deeply concerned about what’s going on, because the Supercharger Network is in my opinion the biggest selling point for customers!
This action just destroys trust!
Also WTF is the message to all other employees?
Building the one of the most vital and successful parts of the company, achieving ALL other manufactures switching to your standard and then fire them all?
The moral must be so down at Tesla, because no one is safe, not even the most achieved and vital business unit?
It’s like shooting your most successful racehorse, because you are angry about it…
If I would work for Tesla I would be completely distrusted in the company. And Tesla is just this successful because employees identifying with the company and living for it.
Also, what can all other manufacturers who committed to switch to NACS expect now?
No one picking up the phone
at Tesla now?
This could be fatal mistake…
Thinking about selling all my stocks…
And definitely not voting in favor of the stock option.
I share your concerns, Kyle and Francie. These layoffs might be devastating to adoption of BEVs and to BEV road-tripping. I'm fearful of the consequences.
Hybrids are a much more practical approach for long trips and for people who can’t charge at home. Who wants to waste time at a charging station?
@@softwarephil1709I do.
Wrong!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
@@MyUniversalUniversity cope harder.
@@MyUniversalUniversity You do not seem to be asking a moral question. Or are you?
Thank you for the pod cast. It was of comfort to have a place to turn on a difficult day. Your efforts are appreciated
The Tesla charging team should go over to EA and/or ChargePoint and right that ship. Maybe they would actually be rewarded for their efforts...
Not sure non compete agreements would allow that.
@@softwarephil1709 ChargePoint is in California where non-competes are unenforceable.
@@softwarephil1709Non competes don’t work when you get let go. More and more non competes aren’t even enforceable even when job hopping.
@@softwarephil1709 ChargePoint is in California where non-competes are unenforceable.
@@softwarephil1709
The FTC just issued a rule that non compete agreements are non-enforceable.
Can they get rehired if they re apply
So Supercharging will go the same way as Twitter went to X? That doesn't sound good.
Let that sink in.
@@softwarephil1709lol
Stellantis is screwed. Dodge/Ram/Fiat totally missed the window on signing an agreement to use Superchargers.
Tesla might have more of a cash crunch than Stellantis.
@ryanfraley7113 Tesla has over 10 billion cash on hand, no issue with money
Stellantis can still be added to the SC network, other employees can sign the deal
@@blackvr4tt It seems like they are doing the speed run on cash burn lately. I would never said this then I saw the Q1 report.
I feel like Musk has been behaving like he's been backed into a corner. I wonder how close his entire house of cards might be to crumbling
My hope is that the people impacted are rapidly picked up by competitors. And, hopefully, a large majority live in states that disallow non-compete agreements.
Did any of you bother to ask if Tesla's massive Supercharger network was profitable or bleeding money when you were arguing that Tesla and NACS were the solution to EV charging problems?
The CEO's rhetoric has caught up to the company. Ford's EV sales are up 82% in the first quarter, while Tesla's are way down. So it's not just about interest rates. Or the overall EV market. (Yes, a lot of people are waiting for the model refresh(s) also.).
Ford sold a total of 10k EVs in the first quarter, and the EV division lost $1.3B. It’s a disaster for them.
Ford sold EVs because they cut the prices.
@@zachlafond2652 Can you even count how many times Tesla has cut prices lately?
@@softwarephil1709 Legacy per car costs are irrelevant - Ford has resumed production while Tesla has cut back and laid off 10%, fired all of their advertising and all of 500 network building staff. Definitely contrasting shifts in momentum.
@@zachlafond2652 Can you even count how many times Tesla has cut prices lately?
This action on the part of Tesla reeks of pure PANIC. Musk didn't layoff just a few select members of the Tesla team, he fired the entire supercharging department team. This has to freeze the expansion of the Tesla supercharging network going forward and will limit maintenance of the existing system. This is not only going to adversely impact Tesla sales going forward but, it will also adversely impact the other OEM EV sales. The other OEM that were in the process of changing over to the Tesla charging system now have nowhere else to go. They have to continue to rely on their own broke down inefficient systems that don't work. People could not rely on them in the past and now they can't even depend on Tesla's charging system going forward. A reliable efficient national supercharging system is critical for consumers to commit to purchase EVs in the future. Without it, the consumer will refuse to buy them.
This panic shutdown means that Tesla has serious financial issues. There is no other way to explain what has happened over the last few weeks. Personally, I was seriously considering the purchase of a new Tesla Model Y but not now and I may not ever consider it again. This is no way to run an automotive company or an industry. Tesla and the other OEMs are a bunch of assclowns. This isn't the end of the bad news coming out of Tesla or the EV industry. I am afraid that it is going to get much worse.
I am so glad I can charge at home
The best way to charge. I charge with excess solar. Charge for free.
If you can’t charge at home, don’t buy an EV.
The only reason to buy a Tesla was the SC network, with that gone out the window I would buy Rivian, Hyundia/Kia, etc. only.
I always find it funny when people are so in love with the cars. After riding in a Model 3 for the first time, I don't want to do it again. I drove an Ioniq 6 the other day with my sister who used to own a Tesla and was looking to buy another and she said, "If this had access to SCs I would buy it instead."
Tesla may not build the best car, but they do build the best electric car!
@@RW-ur7ym nice try, but NO. LOL simp.
@@InternetDude All those who joined the Tesla bandwagon are simps.
@@AkioWasRight you are right, Akio *WAS* right!
13:48 I feel worried for my son who is starting engineering school at Colorado School of Mines in the fall…seems like a scary career landscape…
This is how most all of the corporate masters treat their employees. Not surprising at all.
Any thoughts to them opening to gm or other oems?
All the people that have left the charging Network group need to start their own company they have the talent
Start from scratch and try to compete with Tesla? 😂
Yeah, start a new venture in a dying market space! That's brilliant!
Elon planning to shut down Tesla plants 😂😂
Let's see what this will do to the stock options
I sold my Tesla in December and bought Toyota.
This is weird indeed, not sure what's cooking inside Tesla...
Most supercharging locations are very underutilized, so maybe this is temporary to get more utilization before getting back to opening new stations at the same rate. Everywhere I drive I'll pass 5 or more stations between where I need to charge.
The overflowing, but understaffed delivery center where Hoovie picked up his Cyber Truck paints a bleak picture too?
I imagine that the supercharger network is going to very quickly go to shit. I really hope I'm wrong.
At the very least, expect a long line of other brand cars ahead of you for a charger.
@@softwarephil1709Another thing you can thank Elon for lol.
@@softwarephil1709 Oh, I don't drive a Tesla.
Does this have anything to do with their announcement they're rolling out prefabricated charging stations?
We will know more when the non-compete agreements expire. That is why we need to outlaw noncompete clauses. Pay me and treat me well.
The FTC just issued a ban on non-compete clauses. It won't go into effect until August and of course it'll be challenged.
If car utilization does go up 5x after 8/8 then the network goes to 5x over night, and car deliveries fall by 5x. Five years of forward sales get suddenly pulled forwards, how do you adapt to that overnight? And if we are headed for a Recession with High interest rates, people may not be able to pay for a new car, but could afford a Robotaxi subscription.. but it may be less than during a boom economy.
Thanks for the quick coverage! Please keep us updated! So nuts!
Yesterday Elon goes to China and appears to get China onboard with FSD. 24 hours later Elon fires Supercharger team. When does he sleep?
People say I'm a Tesla fan and that I think Elon can do no wrong. I think Elon has gone nuts, and I'm seriously considering canceling my Cybertruck order.
Are the employees at the Tesla factories that make the chargers considered to be part of the supercharger team?
Do not forget Musk did a test run when he laid off 75%+ of Twitter employees from Nov 2022 to May 2023. Hardcore tesla layoffs round 2, 3, 4, 5, etc. 🤷🏼
The Lack of workers rights in the US is always fascinating lol
Capitalism. Efficient…but ruthless. But with unemployment below 4% in the US, everyone will find a job quickly.
It's why economic crashes are rougher in the US, but their recoveries are faster and steeper too. In the end, it results in a better growth of the economy and stockmarket compared to the rest of the world, but the people suffer more.
Everyone works for someone, even "The Man" himself. In reality, worker rights are just a social construct. People just make them up as they go along.
Have you ever worked at the person in the next cube spends more time with their broker, than on the project AND you get paid the same or less. That is the problem with Seniority rights.
@@tupolev141 7 out of the 10 largest companies in the world by market cap are US companies. The EU, which has 100 million more people than the US only has 2 companies in the top 10. Bureaucracy is expensive.
Hope you're having a great time with the VF8 Francie! Didn't Tesla just get a massive infusion via subsidy for NEVI funds for opening up the network? How does this impact that, and can/will the funds be recouped?
People give Elon too much credit. He's always been an ill-prepared huckster.
Thanks for covering this, somewhat strange story as a Nissan Leaf driver, I am very envious of the supercharging network and if were to buy Tesla, that would be why. One thing that strikes me as odd, is if Tesla wants to focus on robotaxis or whatever, why not spin off the supercharging network, "Tesla charging solutions", might have gotten Tesla a lot more money to develop said robotaxis.
One thing I noticed is that out here in the West Coast they keep installing new Superchargers where it's not needed. Then there are areas where is always busy and no Superchargers are not added. To me it seems strange. Maybe there were back room deals.
I would imagine the stock price of Tesla is going to totally tank because of lack of transparency of what is going on within the company stability is king when it comes to publicly traded companies
Dumping all mine tomorrow.
concerning
My opinion is the “downsizing” of the Supercharger team/project is directly related to the tremendous drop in EV sales across the board. Tesla was looking at a projection the number of EVs on the road and needing Superchargers and saw this has a heavy upfront cost that could shortly be a cash cow. However with the huge rejection of EVs that were overhyped and pushed by states and the federal government Tesla has reworked their figures to add Superchargers at a [much] slower pace. They can save a lot of overhead cost by reducing personal that focused on expanding the network. I suspect they are still keeping a core group to handle trouble shooting and repairs. I would not overreact to this change as it’s what a lot of other companies are doing at the moment recognizing the slowing economy across the board.
We've seen this before when Elon laid off Twitter employees. Tesla employees should take note. They are just as vulnerable as the Twitter employees.
A great deal of tax money is now in the Tesla charging network. Program oversight will call for this money to be returned.
A great deal, do you have figure? ball park. Is it 1,10, 100 or 1000G?
@@dusty-vo8gh $17 million is one estimate. Politico ran a story in February, picked up again May 1 by Jalopnik and recycled by Gismodo and Yahoo Finance. Today, May 1 Elon is doing damage control, saying the big T will continue expanding the network. It's now a hot topic-meaning more news stories will come. Another self inflicted wound by Elon.
Would it not make more sence to sell it to some oil people incl. the staff? without the people there are not much to sell.
Greetings Kyle! Is it legal in USA to fire employees like this from today to tomorrow without any compensations? In EU we have employee representative organizations preventing companies for doing sh*ts like this. I hope that all these people will be compensated.
They fall under the WARN Act. So they’ll all get 60 days company pay/benefits plus they’re eligible for 6 months of unemployment benefits.
Its Murica - hire and fire
@@anthonyc8499 Thanks for the clarification.
Why should Tesla pay for the transformation to NAC standard? They build the network for Tesla good enough for everyone else to adopt the same standard. Now it's the other companies time to chip in. They have the blueprint NAC standard, run with it.
It feels like a nuclear destruction for all this people your coments are right on point it is kind of apocalyptic 😮
To top it off I just heard that Mercedes Benz and Kia are now cutting down its ev programs an dedicated his investment on hybrid cars, the whole industry is on state of panic now
Tesla is gong to pivot and instead of building out their own charger sites they will be selling equipment, and support services, to companies and land owners who want to add charging services to their own locations. You need a lot less people to do this but still be able to expand the Supercharger network.
I'm still dumbfounded why Elon would go to this extreme. All the EV owners I've talked to agree this sounds really bad for everyone. There is no replacing the kind of talent Tesla built up for years in any short timeframe. No more new sites. Nobody to fix the existing chargers. And the other automakers like GM who are still trying to get on the Supercharger network, that work just completely stalled. This could set back NACS adoption by a year. Any other CEO that did this would have been fired immediately. Is Tesla going to just shut off Ford and Rivian access one day with no warning? That's the kind of volatility we're forced to tolerate because of him. I hope there is some kind of boycott against Elon, he's just ticked off millions of EV owners worldwide by doing this. Stop buying Tesla.
So sad :(
💀
I wonder if Tesla is going to contract out it's Supercharger operations (and development) to another company.
He will. He will save a lot of money.
Wonder if Tesla was put on notice for a monopoly investigation.
Elon just keeps breaking your little hearts.
Like those of his employees.
ikr...? the fanboys are losing their sh!t. #LOSINGTHEIRSHIT
@@phillyphil1513It’s funny because Elon unfollowed a few prominent Tesla fanboys after they reported on “leaked info” about people being let go 😂
I have no sympathy for Elon or Tesla fanboys, but imagine gloating that people are losing their jobs. I wouldn’t want someone like you associated with Toyota to be honest.
@@ryanfraley7113 Cry some more.
I just received my adapter to be able to charge a Ford on the Tesla superchargers 🤦🏻♀️! I don’t really need the Tesla superchargers but I was happy that my parent’s town finally has compatible Tesla chargers as they are the only EV chargers in town and I was looking forward to one of my favorite hiking areas to update their Tesla chargers ☹️.
Although they were expanding, it seemed like Tesla was picking weird places and doing weird things with the superchargers. I think this is for the better
What is electric Jesus up to?
Isn't he in China now
@@keitha.1888 All right. Keep me posted.
Just because some people got laid off doesn't mean the service will suffer. From the outside looking in, you literally have no clue what these people were even doing and if it was important or if they had lots of overlap in jobs which was a waste of money.
you need to continue reporting on problems with the charging infrastructure, even if it is not favorable from nacs charger, keep us up to date on any ripples with nacs, hopefully Elon will be watching this info and making corrections to correct problems that might creep in, best of wishes for those released from Tesla
This is an opportunity for GM and the Chevy . GM needs to make cars that are price so high and like they did with the Bolt off er assistance with having home charging , apartment and company charging. Don’t depend on Tesla to rule the electric vehicle market.
Not sure why this is a shock? Has nothing to do with slowing down their supercharger plans! If that's your take, you've not been paying attention very long! You'll see. Supercharger likely to get supercharged! LoL
how with no staff to run it? entire department fired? all new construction cancelled.
@@GenuinePluko LOL no construction is canceled and you think 500 people run the entire supercharger network world wide? 🤣🤣
@@GrillarGaming i'm talking CA USA mind, and yes everyone related to california construction is gone.
Just like the Model 2?
Yeah sure, thanks Elon 🤪
Expect the Superchargers to get more and more crowded. No new sites.
I was thinking about getting a used Tesla, but I purchased 2018 Chevy Volt, hybrids are the way to go at this time.
Shouldn't any new SC stations that are built be the new V4 stalls? A new station was just built in my town at a gas station, and they were not V4. Is V4 still far from officially coming out?
Probably see V4's in existing location expansions.
Tesla did state that these layoffs reflect Organizational Change, not just a reduced headcount. Is the engineering has progressed to “Design Complete”, they can transition to continuous rollout. Shell and BP are now investing in Supercharger Infrastructure, using their own branding, namely Shell Recharge and BP Pulse. This is part of massive adoption using Fossil Fuel cash to fund this disruptive technology.
Hmm, I was waiting for this Tesla announcement: “As the NACS is now the new charging standard with agreement with our competitors we will make the Supercharger network a new public traded company.”
They are just redesigning the Supercharging team altogether, and as key executives have been layed off, the entire team had to be layed off too, so that new executives can constitute the new team freely (including hiring back (very small) part of the layed off employees (I know people who have been layed off 2-4 times and hired back quickly after in the same company (big one too) in their career in the company)).
That’s not uncommon in that type of scenario (team complete redesign) particularly in the USA. The very flexible employment system of the USA allows to do that quite easily and this offer companies high flexibility for team redesign.
If they layed off only part of the team, the new executives would have to deal with the existing kept employees even though they didn’t chose them and so may have to lay-offs some of them (again) one by one. By laying off all the team and then hire new executives, those new executives can freely hire/choose the team members (including hiring back some of the layed-off people from the previous team, if they judge they can be helpful) they want to in the team.
So yes humanly it’s dramatic (but sadly that’s not that uncommon), but strategically the consequences will depend on the new team and the objectives/motivations of this team entirely redesign.
I think at this stage it would be interesting to compare Tesla to ABB.
That's why many automakers are in no hurry to implement the NACS directly. I would say until other charging networks install cables equipped with it. It is an unnecessary business risk for their customers to be dependent on one provider (whose policies are unpredictable) or to be forced to use some kind of adapter.
The main reason will be money. It is possible that the business case is becoming unsustainable with so many people because sales numbers are lower than projected, and with it future demand for the network.
Maybe they are prepping that division for an IPO or a sale. The supercharger network was probably expensive to build and very expensive to run. A sale or IPO could bring in tens of billions. First, though, they need it to show a profit.
I wonder if this has something to do with the rising Supercharger prices, at least here in Southern California. I’m new to your channel! Just found you guys today! :) I have a 2021 Model 3 Standard!
IMHO it's about the charging changes needed to allow for the the the higher power requirements. Tesla charging isn't going away it's just changing.
Two major headwinds impacting slowing US EV demand: 1) high interest rates, and 2) EV auto insurance rates. ICE owners switching to EVs are getting auto insurance rate 'Sticker Shock' despite Tesla offering self insurance. When you combine both these elements, plus the daily negative EV press, EV adoption becomes daunting.
If you can’t charge at home, EV charging is a major drawback.
I wouldn’t be surprised if this is a prelude to spinning the Supercharger group out into an independent company. It would make sense given how closely the group will have to work with rival automakers, who may need to reveal upcoming model plans and specs.
It would be easier to spin-off with experienced staff, what you are suggesting doesn’t make sense.
What’s left to spin off if all the brains are gone?
@tatata1543 and @softwarephil1709, they didn't fire the entire team. Shifting from an expansion mode to more of an operational mode is similar to what happened in streaming. Shedding headcount would boost EBITDA, which could make raising money easier. With everyone switching to the new standard, the Supercharger team can focus less on new locations and more on licensing tech and helping charging partners switch over.
Consider that it is now a month past the Q1 results. Perhaps the financials have continued to worsen? Cybertruck a money pit? Are there issues with Supercharger layout, tech, compatibility, or economics that suddenly became visible within the company?
Robotaxi requires self driving cars pull up to a super charger and recharge without human intervention. Maybe the current team didn’t understand that vision, fought the changes needed, so had to go.
The reason is simple - In a CyberCab world you don't need more Superchargers but more wireless chargers.