No other company is a threat to Tesla. The Chinese are blocked by tariffs. No other automakers have produced a viable mass EV competitor to Tesla. The only threat to Tesla is high interest rates.
Ten percent is a Jack Welch management strategy, it is a bigger number now because Tesla is a bigger company. What would be more interesting is how many full-time jobs by city. One should also mention how Tesla notified people, and the government, of the layoffs. TLSA stock has tanked this last year, along with its revenue. Job cuts are not "proactive" they are an effort to reduce costs.
Yes many companies are making better EVs than Tesla. I would rather have a Lucid or Porsche than a Tesla Model S/X/3/Y any day, or Ford or Chevy for practical EV trucks rather than cybertrukk. Lucid in particular has amazing EV technology, surpassing best that Tesla has. But end of the day, it's more about appearance and practicality that people care about and Tesla models are getting very long on tooth.
Elon is a carnival barking shrewd businessman that takes ideas that have already been brought forth ages ago like electric vehicles and takes them to the forefront and took huge risk in doing so. The layoffs are so the company can survive. You can't stop a recession from happening, it's part of our economic cycles, you can postpone them with money -printing- creation but look how well that worked out, look at our national debt and the fact that most Americans can't cover a $1000 emergency expense and you walk into almost any major retailer, more and more of their goods are behind glass. EVs won't catch on unless we start to see support for charging in the same capacity as you see gas stations for combustion engine cars. Elon rode the wave now the ride is over, time to get off.
Tesla's growth story is over until Optimus starts doing some real jobs.
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No other company is a threat to Tesla. The Chinese are blocked by tariffs. No other automakers have produced a viable mass EV competitor to Tesla. The only threat to Tesla is high interest rates.
Ten percent is a Jack Welch management strategy, it is a bigger number now because Tesla is a bigger company. What would be more interesting is how many full-time jobs by city. One should also mention how Tesla notified people, and the government, of the layoffs. TLSA stock has tanked this last year, along with its revenue. Job cuts are not "proactive" they are an effort to reduce costs.
Yes many companies are making better EVs than Tesla. I would rather have a Lucid or Porsche than a Tesla Model S/X/3/Y any day, or Ford or Chevy for practical EV trucks rather than cybertrukk. Lucid in particular has amazing EV technology, surpassing best that Tesla has. But end of the day, it's more about appearance and practicality that people care about and Tesla models are getting very long on tooth.
Elon is a carnival barking shrewd businessman that takes ideas that have already been brought forth ages ago like electric vehicles and takes them to the forefront and took huge risk in doing so. The layoffs are so the company can survive. You can't stop a recession from happening, it's part of our economic cycles, you can postpone them with money -printing- creation but look how well that worked out, look at our national debt and the fact that most Americans can't cover a $1000 emergency expense and you walk into almost any major retailer, more and more of their goods are behind glass. EVs won't catch on unless we start to see support for charging in the same capacity as you see gas stations for combustion engine cars. Elon rode the wave now the ride is over, time to get off.