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- เผยแพร่เมื่อ 23 เม.ย. 2024
- On this episode of the Elon, Inc. podcast, Ed Ludow joins us to discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction and productivity trib.al/qLXWTkv
This week David, Dana and Max are joined by Bloomberg Technology co-host Ed Ludlow to take a deep dive into all things Tesla, in advance of today’s fateful earnings report. Things are looking increasingly bleak for the company and we'll soon know if the numbers match the mood set by last week's layoffs. Also discussed: BINGO! And then, is Elon Musk feuding with Tucker Carlson? Max seems to think so, Dana is not so sure.
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Can they not inform the employees in a more respectful and decent way? This is so wrong...
They did, they just don't want to bring it up because they want to be victims. There's a video from a guy and he describes it, they all got notified by email that they were let go.
The video I just watched the guy opened his email while having the Tesla's auto pilot on for his hour and a half commute. He read it right after he left his house and thought "it was a mistake", choosing to ignore it and continue on. When he showed up sure enough he was let go.
@@user-oh3lx9xf9p I got the email too on April 28th,2024 in the evening I was so close to reach my 10th year at Tesla only 3 more months and it's would have been my decade 😒😭
Imao lol..........I remember when people with college degrees and had jobs in tech make fun of me for being blue collar. Who is the one laughing now, I make 80k a year and job security. I don't have to worry about the economy or job market. My job salary is expected to grow 5% over the next 3-5 years because not enough qualified workers.
Enjoy your 110k in student loans lol. I wish nothing bad on no one I just think it's funny how all those people with college degrees thought they were too good to work dirty, high paying jobs with job security and made fun of blue collar workers.
Because if the employees were forewarned about the layoff some people get really angry and sabotage the factory.
no company does this well.
When a company say they are laying off 10%. Damn sure it's 20% or more.
No. Just a "reporter" making stuff up. Musk already said 2024 would be challenging months ago. "Key sources". I very much doubt it.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
The labor you provide a company is just on loan until they don't need it any longer.
It’s not a loan. It’s a rent of your time. You willingly offer it for money in return. No one owes anyone anything that they haven’t given.
You know really exploits the workers? Marxism, communist, and democrats.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@@humbleindian6303 what are you talking about?? Get out of elementary school.
Any business can do whatever it needs to to run their operations. Doesn’t make them bad.
Don’t like it? Start your own.
That’s how major companies do large layoffs. They don’t pre-announce because employees, particularly bad employees, are prone to doing damage before their way out.
I bet you touch yourself looking at pictures of Lord Musk,,,😂
@@TheNewMediaoftheDawn I guess the LOGIC fails you.....Sheeez.
@@1flash3571 yes logic, among a few other things too😀
Yep. Seen it.
@@TheNewMediaoftheDawn worked for a large corporation and people generally doo stupid things specially if they know they wont last. I think its the same in Tesla. By the way i live in Malaysia now and do my work in ASEAN countries. Never owned Tesla for that matter as well.
EV vehicles are losing flavor its consumers. Plus folks are BROKE!
I just don’t like Elon
Elon didn’t come thru with the $30k electric car.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
The people that were going to buy, did. They are expensive and require more than just buying the car and rolling out.
Musk is an arrogant jackass and corporate oink oink.
It's from stagflation.
If those EVs aren't selling, then what's the point of increasing the inventory? Musk is doing the right thing.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
The right thing would be layoff with a warning and allow folks to prepare. Smh.
How old are you?
this is what happens when big companies with loyal employees refused to unionize
I was one of them laid off still have high hopes for Tesla and still holding $TSLA
They will re-hire again after 6-8 months
wow you are a clown
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
You've got a good attitude. Move on for now and do your best for yourself.
No, its about the bottom line. Demand is very low. The early geek adopters already bought their Teslas. The rest, like me, will keep on driving their ICE vehicles. Some will buy hybrids. Plus, interest rates are too high..oh well
Nope lots still buying EVs, just because sales are down, doesn’t mean they are dead. Where I’m from it dropped about 1%, not a big deal. I see a few dozen EVs a day where I live, you probably live in the country. Others brands are selling more too, Polestar, VW, Volvo, Ford ect
@@TheNewMediaoftheDawnis that why the companies you listed have dramatically scaled back their ev investments? 🤔
@@DKKno that’s because China is making better cars than we ever could, and those companies are trying to skim as much off the top of their employees pensions before the entire industry collapses
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@@TheNewMediaoftheDawn , where did I say it's dead? All I said was that the demand slowed down....Ford and GM is scaling back. Ford stopped their f150 lighting and laid off that dept, GM said they are cutting back. Mercedes said they will stop producing EVs for now...Hertz got rid of their Teslas and having a hard time selling them even at high discounted rate but that's what they get. Trying to be all that and greedy but the public spoke up basically and said no to EV. If I'm on vacation, why would I need to get stress out about range anxiety, learning something new, downloading apps..it was horrible experience for lots of people..then you have Hertz literally pushing hard to rent out their EVs..happened to my cousin and he said he wanted a regular car and the agent kept on pushing the Tesla...nah...this whole thing stinks..
He laid off 6,000 employees in Nevada, but plans extension of the Berlin factory, which people protested against?
I saw the same thing in Silicon Valley 24 years ago. This isn't that odd.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
Sounds like it was exactly cost reduction and productivity
Sounds like a failing company floundering 😂😂😂
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
But, he still wants his $50B.
Dummy, HE HAS NOT BEEN PAID SINCE 2018!!!!!!! NO SALARY, NO COMPENSATION, NOTHING. Why don't you work at your job FOR ZERO DOLLARS??? DO IT!!!!!!
He did get Tesla to achieve goals as his promises. He deserves what agreement he signed with Tesla boards
Would you waive your prize after a hell of a fight for a company to grow and be profitable?!
Ask yourself, hypocrisy
@dmrr7739 Musk's payment package was a 100% comission based salary. If Tesla didn't achive the goals, he would be getting ZERO. All other CEO's at the time the plan was announced said that it was crazy and that they would never have taken a deal like that. So given that 80% of the investors voted YES on the plan and given that musk hit all his goals he should get paid. That's how all comission based saleries work. This is no different.
How does that work, when the "commission" he wants is way way above the profits?
@@ezbody He isn't getting profits, hebis getting shares....
You can layoff people without being disrespectful
Fake.
Another guy tried to make a video about this to. Said he got an email saying he was let go but he had some how "misinterpreted it" so drove an hour to work anyway.
They all received emails saying their badges wouldn't work anymore and that they were let go.
Musk has a saboteur back in Cali a few years back. that was a nightmare, so for security reasons it has to be really quick. Look there is no easy way to lay off people. I think Elon should not lay off anybody but I think that wall street is forcing his hand here. The whole auto industry is facing hard times right now because the economy is very week and interest rates are high.
They didn't force him to make the CyberTruck, which dug the company's grave (his words, not mine)
The auto industry is facing hard times because nobody wants to drive cars, they want to take public transportation and not have their roads be congested at the exact times they need to go places
Gas car companies can always rely on the revenue from maintenance and repairs, which are minimal at Tesla. That’s why their primary source of revenue is sell sell sell.
You're entitled. I've never been given that much notice...
Everyone else should quit in solidarity with their co workers. Then Tesla’s $ would tank.
Musk cold like that 🥶
Cost reduction my butt! That’s what all these companies are saying. I think its something else behind the scenes they’re not telling people.
I wonder could he have kept those people employed if he still had his 40 BILLION DOLLARS from his Twitter purchase.
It is GIGfactory where GIG workers work.
Textron aviation had layoffs. Its not just elon letting people go
Elon really needs his $47 billion Tesla pay package. That money needs to come from somewhere.
Elon never had any money from the beginning. Its investors money he used. Tesla has always been over rated. Ok, he a years of monopoly in the electric car market to a degree. But, when the real car manufacturers got in the mix and started to reduce Tesla market it was going to hit. Musk ran to X....
There needs to be better income insurance. Maybe a secondary insurance to supplement unemployment. It could be something that continues pays out even when picking up another job.
That is not the right correlation..he blame the people not himself WTF
They’ll probably be unionized at some point because of this.
That’s how it is in life. Unfortunately.
No you didn't Dana, you have been lying about Tesla for years. Security doesn't scan badges, employees scan their own badges to unlock a turn style and go through. And why were there a traffic jam lol and the other guy, we spoke to some pretty key sources high up the company hahah who was that?
There is respect and decent way of laying off. And don't tell me about economy. If companies want they can cut cost in many other ways.
Just pay higher ups a little less.
I wonder how many of these folks will buy a Tesla vehicle in the future.
LOL, 20% drop in delivery = 20 % drop in head counts. Let this define Muskanomics. LOL LOL
Elon is hiring aliens now 🛸 👽
by law the employer needs to tell the employees between 60 or 30 days before lay off
What? That’s just bs. Not true.
Neither of these speaking are/were Tesla employees. Would prefer to hear directly from them.
Just the same way as the engineers learnt their own life-threatening mistakes when using the product on roads, isn't it
Remarkable? So, no reason to feel frastrated about your past devotions
Demand determines production. Those who expect Tesla to go under by retaining employees shouldn’t be in business.
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
Laying off work force to balance budgets and remove the bottom 30% performers is good business practice. Bravo Tesla!!
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
No one will fire you when it’s yours
Heartless and cold!!
Why he hasn’t he introduced a hybrid?
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
Stop spamming this! Jeez
They still get there severance package. Whether they are laid off in an email or at the front gate same difference
This is a non sense comment. Sales are down so does production could also go down. Manufacturers must need to cut cost or it will go bankrupt.
So much for our capitalism randomness 😮
Just as well send out a list being lay off so they don’t come find out as a surpirse.
BYD is crushing Tesla… 8.5 out of 10 China points.
😂 Chyna
@@DKKis eating your lunch by every conceivable metric
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
The marvelous engineering of the cybertruck takes it's toll.
Worst looking and extremely badly engineered car on the road today.
Congratulations, Elon.
It seems like it was your sole idea.
Sandy Munro thinks it’s engineering genius, and he has been around the block a few times. Now yes, there are some teething problems, especially with rust and software. They’ll get worked out - eventually.
@@EMichaelBall well, there's also the tiny problem that without pedestrian protection and without crumble zones this thing can't be sold in Europe.
And there are a lot other problems with this monster.
Remember you on the internet and not all is true but most importantly it’s not happening where you are it’s just teaching you all hate. Find happiness where you are for its all you control
One Love
Keneth
No no, they send you a email . You fired
first time I have seen long term bear Dana Hull... yikes
Sales are down so does the employee counts.
Hope you like unions 😂
as sales pick up those 20% of workers will be rehired before November.
How do they make their living for 6 months tho? If it was me, I wouldn't return to Tesla.
@@alessandrobianco7183I would return solely to form a union and then dip immediately
The guys thoughts are totally false.
Sounds like solid logic to me 🤷♂️
Stop your whining. It's a corporation. What do you expect?
For the employees to unionize as quickly as they can 😂
The bubble is bursting....and as a worker you are considered less than human, you are just a resource to be exploited.
Work is modern slavery.
Yeah. They make you do stuff to get paid so you can do what you want in your free time. When we were hunter gatherers we didn't have to work. We had the option of starving.
Those were the days.
You can quit a job and look for better.
You can't quit slavery.
Like you exploit your boss to get more money. If you don't like it, you go to another shop that pays better. If no one will... then your work isn't worth what you though it was. Educate yourself and get a better class of job. Capitolism.
@@danylbekhoucha6180then dont work. To see how you could live?!?!
Such stupid argument to refuse to work with excuses of slavery .
Then where is the food, gasoline, car, road, house for you to enjoy your life there?
Everyone has to work, also no doubt Musk is the best hard working.
While other weasels whining, despite them only want to have things without any effort 😂😂
lady is doing trt like its water
What happens is that the companies put themselves in autopilot just like the government and start putting a lot of shit out without looking at the market! Then the owner comes in from the real world and asks, what the heck were you thinking? Where's the manager? He's on vacations again!
More FUD from people who are just guessing
😂yep I’ve seen it before.. they are lucky they even made it up to the gate.
Get rid of high maintenance and you benefit 3 fold. Unfortunately there’s some good in that bunch but I bet he’ll hire them back if they were truly good. It’s up to them if they go back, and it’s up to the CEO to make the tough decisions.
Yeah hire them back and watch your company get sabotaged to hell and back 😂
So no one cares about you in terms of you having a job, until they get the ax.☹️
#empathy
Shit flowup
It’s called a recession, go cry to joe
I can’t wait till Elon is completely bankrupt 😂
its his ship, if it were myself, i don't know if randomness is fair. i don't believe it is. that would have been wise to be very targeted however i understand the feeling or need to do drastic things sometimes in response, but if you do, its wise to have a system of checks and balances even against youself!
Recession is the cause..
Oh, please! Is that all you could come up with?
More like “cyber truck was an absolute failure” 😂
@@HiDefHDMusic Was it though? Aren’t you acting a little premature since they just really started production?
You mean a company that makes almost 50% of its revenue from selling regulatory credits, is sinking…how is this news
Musk's $46 billion pay packet has got to come from somewhere.
@davesy6969 Musk's payment package was a 100% comission based salary. If Tesla didn't achive the goals, he would be getting ZERO. All other CEO's at the time the plan was announced said that it was crazy and that they would never have taken a deal like that. So given that 80% of the investors voted YES on the plan and given that musk hit all his goals he should get paid. That's how all comission based saleries work. This is no different.
Tesla's are shite
Hey! This is how it goes down when companies do mass layoffs, get over it! It sucks but they’re not going to tell you in advance so you flip out, people are nuts today
Lies
Thats really messed up.
Open borders and cheap labor flowing into a country will always cause layoffs, homelessness, hunger and so on. That's why smart people make sure their country is protecting their borders. Sad to say but the American dream is over of generations to come.
The American dream is just racism and colonialism.
A stranger with no qualifications says that the best inventor/disruptor of our time is cutting the fat wrong. Obviously Tesla is going out of business...again. 😅😢😂
Unionize!
Tesla stock is the lowest its been in years. And still crashing!
Thats how its done... How does BLOOMBERG LAY OFF THEIR EMPLOYEES????????????????????????????????
Open borders and cheap labor flowing into a country will always cause layoffs, homelessness, hunger and so on. That's why smart people make sure their country is protecting their borders. Sad to say but the American dream is over of generations to come.
I think Elon is preparing himself for Chinese EV makers' inevitable market takeover in US.
You don’t know what you’re saying