The part about how internal communication is encouraged really hits home. I have seen so many people who do actual assembly work think up ways to make their job easier, but will never get anyone to seriously look into their ideas, since territorial power and risk adversity is more important to many managers than solving bigger picture problems. Many people may not have degrees, but are just as intelligent and capable of coming up with creative solutions.
Yes true. Most companies are like dinosaurs with too much office politics egos and competition for promotion. Tesla is a leading light for others to follow in terms of staff management and team work to reach goals. It’s all about the company philosophy
So very true. To repeat your words "since territorial power and risk adversity is more important to many managers than solving bigger picture problems" I couldn't have put it better myself. I worked at car factory near Liverpool where team leaders supervisors and managers thought they where so much better than the workers that ideas where rarely listened to, dismissed, or sometimes even stolen to take the credit. These backward thinking cock suckers that the company promotes are the reason why they have stayed mired in the trenches of the status quo. It appears that Tesla is so far ahead that I wonder if one day all cars will be Tesla. Just a thought!
"Good idea, done" is literally the discussion process that occurs at Tesla when top management is presented with a good idea. But it is not just the structure of the company that allows such rapid change and progress, it is who they hire. There are likely at least 15,000 production associates working at Tesla who have a Bachelors or a Masters or even a PhD in engineering. One production associate I worked with was literally a rocket scientist. So Tesla is not depending on your standard B average high school diploma production workers to come up with new ideas for them from the factory floor in a stroke of random genius; instead every part of every factory is flooded with engineering minds on every shift, and that is on top of the people who are officially engineers at Tesla. This also means that you get the water cooler effect on the factory floor; people talking about their ideas and working together and having the expertise needed to solve problems, on the side while keeping production going.
I think you missed the point here! You should go back and check what Elon said about PhD‘s & those with engineering diplomas! I’ve worked with engineers and quite frankly I was not all that impressed, now am I saying that these guys are not valuable no, but what I am saying is that I think this company values all of its employees, not just those with PhD‘s & engineering diplomas!
@@theodorehaskins3756 I guess you are going out of your way to miss my point, actually. I do not have a Bachelors and they hired me, and I came up with an idea that they implemented. The smartest guy in our zone only graduated from high school and he regularly taught the official engineers how to do things. Yeah, Tesla is not credential driven, but if you have a degree in engineering and are willing to take a job as a production associate, they seem to like that. I certainly would expect a team of fifty that included twenty university trained engineers to come up with more ideas about how to improve production from the production floor than I would a team of fifty with zero engineers like one finds at every other automaker.
@@tribalypredisposed Why are you so defensive? It’s possible for 2 people to look at the same information and come away with a different understanding of what the information was about! So could it be possible that this is what happen here too?
@@theodorehaskins3756 I think one key difference is that the people with the training have more tools available to express and execute the concept. For instance, I have some inventions kicking around, such as a way to detect wiring faults and overloads in walls and cords but I don't have the skills to draw them up, design a working system, do patent searches etc. I can say "this box will do this" and I know enough about electronics to know what it can do, but I can't design a power supply or implement data over power line communications, but if I had the training, I could turn a concept into something that functions. So having an engineer on the factory floor helps speed up implementation of good ideas, including the ones from the non engineers like me.
I think if more companies in general accepted the fact that their own structured bureaucracy is what eventually kills them you would see a lot more innovation worldwide.
YES!!! But their egos and pride, rule them and lead them happily to their ruin. I've never worked for a company or organization where this isn't the case.
I was ridiculously blown away when Elon said that they want to increase the physical efficiency of their factories. When you look around at factories today and you see that their spacious efficiency is garbage it's easy to see how one of Tesla's biggest advantage is their ability to recognize inefficiencies and solve those problems quickly and with innovative solutions.
The disadvantage to that is that we as humans are resistant to change, have nostalgia, and enjoy a certain amount of inefficiency on purpose. Case and point is the recent popularity of old school shaving kits. In the endless pursuit of efficiency, they leave behind a few customers for the old guard to scoop up with their more complicated and luxurious EV products and then everyone is happy (so long as production meets demand).
Razor companies produced what they thought the customer wanted. Now they are learning what the customer really wants. Therefore the change to single blade razor 🪒
wierboy77 - yes, once Austin and Berlin are Ramped, TESLA will close FREMONT Model 3/Y Production and Shanghai Production and REVAMP the Production lines . they will make them more Efficient use of the same space, though CHINA can simply add another Production building. but, FREMONT is Maxed Out , but the Factory can be made more Efficient. Fremont already REVAMPED the Model S/X Production last year.
@@Global_Optimization - I find Burning off the Hairs with a "Electric" Razor more Effective. no Cartridges to Replace and skin is Silky Smooth. its Lithium powered.
You can ‘like’ before the video starts with Lars because you know it’s going to be another great video. Well done Lars highlighting how change is an important weapon in Tesla’s armoury which is embedded in Tesla’s doctrine within its workforce. So clever
Great Presentation Lars! Very motivational! I took a formal SCRUM class myself, and this reinforces the principles that they taught about agility, the ability to make rapid changes. Glad to see Tesla walking the walk, while the other OEMs talk the talk.
Gwynne Shotwell(Now CEO SpaceX) used to work at Ford when she started her engineering career. She wanted to help improve the production line and went into the factory on a weekend. Twice she got "written up" for touching a union-workers tools. She got the message from management and left, soon thereafter. If the $F team has this culture, how will it ever be able to compete with $TSLA?
The strength of Tesla is each employee no matter how low on the pole is respected. If someone one has a good idea they tell their supervisor which later implement the changes. This is what we call proactive policy not reactive
I used to work for a big telco. They drove the 320 techs in this city hard to their increase production every year. It was like telling a marathon runner he has to go 10% faster every year. I told them I had figured out how to shave 10 minutes off every job. 320 X 3 jobs a day = 160 hours a day, every day. They didn't think it was worth giving me even a small bonus for my idea.... This is the sort of mentality that competes against Tesla. There is is NO competition.
WOW! Lars, you have outdone yourself with this one and I don't say that lightly. I am saving this one to watch again. If I were on Twitter or Facebook I would post this for everyone to see. Thank you Lars, this is really awesome.
An agricultural engineering approach is to always be learning by doing on the job, and "when all else fails, read the (naturally evolved) Instructions", these are what has become "organic" Sciencing Re-search practices.
You almost had me crying... that is the way everyone should live. Work is an important activity for everyone and the more dedicated and moral and ethical you are the happier you will be. Make America Great Again.
Awesome video Lars! I am an Agile coach and I can see the scrum method being used in all of Musk's companies. It's the secret sauce to rapid product development.
One of the most insightful and enjoyable videos I've seen. Tesla is driven to reach the objective and what ever it takes is what they do. It's not about bureaucracy its about what works. So as you say by the time things get through the paperwork stage at most companies Tesla has been doing something for months or years. That means as Sandy Monroe said they move at the speed of thought.
another spot on subject. Would be very interesting to learn more about this kind of company culture, and how tesla deals with keeping it pure. How do they deal with big egos? The primadonnas? Does the p2p communication work, or do people risk roasting by managers when bypassed? How do they ensure that the great idea driven culture “letting the best ideas win” grows?
Tesla employees have the implicit incentive that when they choose to move on they cash in big time with other companies because of the Tesla experience and credentials.
What a striking difference between Tesla and a company I worked for in 2010 (I would use their name, but don't want to be sued). I was told to never speak to the department head; never speak to the owner; never speak to anyone I didn't directly work with! It was a zoo of silos! It was the most depressing place I have ever worked, and I couldn't wait to leave. I'm 73 years old now, and would love to work with Tesla, or Space X. I enjoy working and still work, writing software. Having the freedom to create or change a process and see the results used in the organization is a great reward in itself.
I don’t know why the media keeps confusing Elon with other billionaires. If only they read and did there research on Elon history before comparing him to others.
I work for a firm that has 401k. I managed to put in 15 grand over that time end up loosing 3. When I quit, I converted the remaining 12 grand in IRA and dump it all in NVDA, TSLA stocks and call options with help from my F,A Rita Wildrin Mora, I'm up 160 grand, this has been a life saver.
I found out you can have more fun investing, once you do the proper homework than buying stuff you want but don't need. whatever you do, hold on to your TSLA and buy more if you can manage.
Much Inspired by this, you make me feel like I've been playing. The market has been pretty much crazy for me, I'm investing with my head high so as to see where it'd go.
"Good idea, done" - works because you've got employees and managers who can directly recognize a good idea when they see one, not like some working in a fog at arm's length unapproachable, uncertain MBA.
Great video as always Lars. Love your work. By the way you got it correct of course, but for the guy Joe Justice in the video @ 9:15, the cars charge at 250kW NOT 250kWh. That hurts my ears. 🤔😮 Why do so many not understand the difference?
Great video, Lars! I've been waiting for someone to capture the essence of why I think so highly of Elon Musk and Tesla (as well as his other companies) - and you've just nailed it on the head! Thank you - I will be sharing this with all my friends and family who just don't get it ... yet ... :)
Terrific video with brilliant insights into what makes Tesla's corporate philosophy so innovative and unique. Like Elon himself, obsessed by every aspect of how to improve EVERYTHING.
Tesla innovates like NO other period! Tesla is poised to take the lion’s share as the others fight for the scraps! 💎🙌😎🇨🇦TESLA P.S. I like your shorter length video brimming full with information as always ❤️👍
The youtube channel were Joe Justice was interviewed is “The best moment in history” and the youtuber is Alejandro Sahuquillo, he is an spanish engineer who does many interesting videos about Tesla, he also did a great interview to Sandy Munro a few weeks ago.
I can´t wait to see how much faster Tesla may get on the passing lane once the Grünheide factory is fully operational. The general German attitude towards improving products/processes may help quite a bit. I know Tesla was able to hire a significant number of engineers away from various German OEM´s who were urging their employers to make more radical changes - but were "handcuffed" once they complained being blocked from developping improvements ... Those guys will be very happy working for Tesla.
Constant improvement and rapid change properly thought through is always the most profitable way to go so it’s no surprise that Tesla at the top. That change which allowed faster charging is a good example.
@@isthatatesla ohhh they do, but they call it the anti-employee handbook. Everyone downloads about 24 apps to review their own productivity and they have 4 hr on boarding process to learn the whole company. No one has a boss and the company is designed to be flat with no bottlenecks. It’s absolutely the agile company in the world, it’s fascinating.
Nice video, thanks Lars! It would be nice if you could also talk in one of your next video about Tesla Energy. Its potential it's HUGE but .... - no Tesla Solar panels available since are replaced by (non available...) Tesla tiles - Powerwall is great but only where it is available: here in France it's not even commercialized... - still no V2G (Vehicle to Grid): it's a shame, I have 80kWh in my Tesla model 3 battery in the garage and I cannot use it to power my house
Very nice and motivational video. Definitively has done a lot to change the car industry and gets all the credit for the introduction and success of EVs in the market. Never the less in my view Toyota should get credit for their pioneer continuous improvement program (benchmark for many industries). Further it is still obvious that Tesla has not (yet) reached the "build quality" of leaders such as VW or BMW.
Heard from someone, that if you work for Tesla, and if you see a problem or a solution - you have to tell it - if you do so in other companies - you get fired - . I go for Tesla 👍😎👍
Just like to let you know. Tesla Model 3 is the people's choice in New Zealand for 2021. Model 3 also won the passenger car award for 2021. Hopefully we get Model Y next year. It will be interesting to see what it wins.
A car is basically a widget. Tesla is a widget maker. Their super power is speed of change, a large volume of smart people (bunch of rocket scientist) and focus on volume production. The secret to their success is the volume production. GM said they will release 20 models and then I see them making about low volume unit of each model makes me question how management they got their MBA's.
Thanks Lars exceptional staff, almost too good to be true, but it is a fact and your enthusiasm proves it. While Tesla phenomenal growth rate, quarter after quarter, and year after year , or day after day as you probably would put it. Put a stamp of approval to your exceptional presentation.
I remember 2006. All of the automakers dismissed Tesla as a flash in the pan go nowhere company. Bob Lutz, a GM executive, was so confident that Tesla would fail, his arrogance amazed me. Today Tesla is going to put GM and Ford out of business. VW, as the world's largest automaker, is in serious trouble but will probably succumb.
Great video and should be mandatory watching for every politician on the planet. What would a country, run like this, be? Explaining that when they have overcome Tesla's lead they will be behind, is like a primary school student reading a book to be the best reader in the class and when they are finished they are told the person they were competing against just finished reading a university level book. Your stuff is good and getting better.
It is a VERY risky way to operate, IF Tesla actually operates as Lars describes, which I highly doubt. But a product like a car has a lot of different constraints on it. What if John, the kid assembling suspension on the line becomes obsessed with saving cost by reducing the thickness of the walls of the hydraulic brake line tubes? What organizational controlls prevent him from wasting the full time of the systems engineering team responsible for brakes with 500 useless ideas in 500 days for hydraulic line materials changes, diameter changes, pressure changes, mounting bracket changes, ... At what point does it become necessary to have someone tell John to stop bugging the engineering team about brakes? (We've all worked with "that guy" who will go completely unreasonable this way.) Eventually a management structure has to intervene using authority, probably eventually to fire John. Same old same-old.
You're right. In 2013 I stole a lot of Tesla blueprints and when I got the factory up and running after 6 years, everyone told me it was not a Tesla by far. So yeah, what do you do? Steal new blueprints?
The new parts need to be able to do everything the old part is able to do. This is how you do automated testing. You need to specify all the required function of the part then test every function and validate that it works. This includes the new part fitting into the space that houses the old part.
Sir.......this may be your best video ever!!!!!! Fantastic look at a fantastic company. I love that musk admits to mistakes. Most CEO s and billionaires become narcissist s. They think because they succeeded at one thing or know one thing they can succeed at everything, know every thing. I am sure musk has his quirks......most geniuses are neurotic in the least........at the most they border on madness! Musk thought he could manufacture the Tesla relying more on robots. He was wrong,.....and the mistake almost bankrupted the company when he was in what he called......production hell! But he realized how expensive and time consuming it was to use the number of robots he had originally invisioned. So he reduced the number of robots decreasing his costs and production time. Sandy Munro had some issues with the early Tesla's. But inspection of subsequent models reveals Tesla fixed the it r mistakes! Munro says tesla inovates at the speed of thought! As u said Volkswagen and others need years! They will never catch up! Musk has repeatedly said......it is not about the car! The far just gives him cash to build other things. Musk uses the cars to build batteries. He uses the batteries for cars but also for power walls and mega packs. The biggest problem with solar power has been the storage of power for use after dark. Musk's uses of the power wall and mega pack will do more to bring about the adoption of solar......faster.....than all the bull crap coming out of Washington!!!!!!!!!.....musk......Tesla.......SpaceX.....true genius, and the hope of mankind that we reach ev use and solar use to prevent the extinction forecast by the UN s ipcc report!!!!!!!
I think Tesla needs to start making window glass that tints automatically in the sun like those sun glasses do. No one does that and that would be interesting!
I have a question for you. Do you think Elon's approach to innovation will outlive Elon? The approach is so different I wonder if it requires someone like Elon to keep it going. Maybe, eventually, other companies will try to mimic his approach to innovation as they are now starting to mimic his push to EVs? Fantastic video!!!!! Thank you so much for all the great work you are doing!
Tesla's real superpower is that they're a magnet for talented people. Same for all of Elon's companies. This is why they can make so many changes; the average employee is just way smarter and more motivated than at any other company.
What their supposed competition does not seem to understand is that there is some new innovation or technology coming out almost every day. If you are not aware of this and using it to your advantage then your business will fail. You will fall so far behind that you will not be able to compete.
The part about how internal communication is encouraged really hits home. I have seen so many people who do actual assembly work think up ways to make their job easier, but will never get anyone to seriously look into their ideas, since territorial power and risk adversity is more important to many managers than solving bigger picture problems. Many people may not have degrees, but are just as intelligent and capable of coming up with creative solutions.
Nah man, you need an MBA to make any decisions. Otherwise you're job is just to shut up and follow orders. /s
Yes true. Most companies are like dinosaurs with too much office politics egos and competition for promotion. Tesla is a leading light for others to follow in terms of staff management and team work to reach goals. It’s all about the company philosophy
So very true. To repeat your words "since territorial power and risk adversity is more important to many managers than solving bigger picture problems"
I couldn't have put it better myself. I worked at car factory near Liverpool where team leaders supervisors and managers thought they where so much better than the workers that ideas where rarely listened to, dismissed, or sometimes even stolen to take the credit.
These backward thinking cock suckers that the company promotes are the reason why they have stayed mired in the trenches of the status quo.
It appears that Tesla is so far ahead that I wonder if one day all cars will be Tesla. Just a thought!
"Good idea, done" is literally the discussion process that occurs at Tesla when top management is presented with a good idea. But it is not just the structure of the company that allows such rapid change and progress, it is who they hire. There are likely at least 15,000 production associates working at Tesla who have a Bachelors or a Masters or even a PhD in engineering. One production associate I worked with was literally a rocket scientist. So Tesla is not depending on your standard B average high school diploma production workers to come up with new ideas for them from the factory floor in a stroke of random genius; instead every part of every factory is flooded with engineering minds on every shift, and that is on top of the people who are officially engineers at Tesla. This also means that you get the water cooler effect on the factory floor; people talking about their ideas and working together and having the expertise needed to solve problems, on the side while keeping production going.
I think you missed the point here! You should go back and check what Elon said about PhD‘s & those with engineering diplomas! I’ve worked with engineers and quite frankly I was not all that impressed, now am I saying that these guys are not valuable no, but what I am saying is that I think this company values all of its employees, not just those with PhD‘s & engineering diplomas!
@@theodorehaskins3756 I guess you are going out of your way to miss my point, actually. I do not have a Bachelors and they hired me, and I came up with an idea that they implemented. The smartest guy in our zone only graduated from high school and he regularly taught the official engineers how to do things. Yeah, Tesla is not credential driven, but if you have a degree in engineering and are willing to take a job as a production associate, they seem to like that. I certainly would expect a team of fifty that included twenty university trained engineers to come up with more ideas about how to improve production from the production floor than I would a team of fifty with zero engineers like one finds at every other automaker.
@@tribalypredisposed Why are you so defensive? It’s possible for 2 people to look at the same information and come away with a different understanding of what the information was about! So could it be possible that this is what happen here too?
Elon don't care about degree..
@@theodorehaskins3756 I think one key difference is that the people with the training have more tools available to express and execute the concept.
For instance, I have some inventions kicking around, such as a way to detect wiring faults and overloads in walls and cords but I don't have the skills to draw them up, design a working system, do patent searches etc.
I can say "this box will do this" and I know enough about electronics to know what it can do, but I can't design a power supply or implement data over power line communications, but if I had the training, I could turn a concept into something that functions.
So having an engineer on the factory floor helps speed up implementation of good ideas, including the ones from the non engineers like me.
I think if more companies in general accepted the fact that their own structured bureaucracy is what eventually kills them you would see a lot more innovation worldwide.
YES!!! But their egos and pride, rule them and lead them happily to their ruin. I've never worked for a company or organization where this isn't the case.
@tech 52
They're already crushing themselves
There are many threats to humanity’s survival… most notably bureaucracy!
oh…just imagine if this could be applied to politicians! 😁
Ideally, but wrangling EGOS is to difficult. This is why TESLA was firing so many production managers early on including Peter Rawlingson.
I was ridiculously blown away when Elon said that they want to increase the physical efficiency of their factories.
When you look around at factories today and you see that their spacious efficiency is garbage it's easy to see how one of Tesla's biggest advantage is their ability to recognize inefficiencies and solve those problems quickly and with innovative solutions.
The disadvantage to that is that we as humans are resistant to change, have nostalgia, and enjoy a certain amount of inefficiency on purpose. Case and point is the recent popularity of old school shaving kits. In the endless pursuit of efficiency, they leave behind a few customers for the old guard to scoop up with their more complicated and luxurious EV products and then everyone is happy (so long as production meets demand).
@@TecnamTwin Old school shaving kits give the best shave
Razor companies produced what they thought the customer wanted. Now they are learning what the customer really wants. Therefore the change to single blade razor 🪒
wierboy77 - yes, once Austin and Berlin are Ramped, TESLA will close FREMONT Model 3/Y Production and Shanghai Production and REVAMP the Production lines . they will make them more Efficient use of the same space, though CHINA can simply add another Production building.
but, FREMONT is Maxed Out , but the Factory can be made more Efficient.
Fremont already REVAMPED the Model S/X Production last year.
@@Global_Optimization - I find Burning off the Hairs with a "Electric" Razor more Effective.
no Cartridges to Replace and skin is Silky Smooth.
its Lithium powered.
You can ‘like’ before the video starts with Lars because you know it’s going to be another great video. Well done Lars highlighting how change is an important weapon in Tesla’s armoury which is embedded in Tesla’s doctrine within its workforce. So clever
True, True, True!
I read this comment as I was liking the video before hearing Lars…I guess you’re right😅
I did too! ;-)
Great job. One of the best podcasts on You Tube! If you never stop running you have to win because everyone else has to rest!
Thanks Mate much appreciated 🙏🙏🙏
Great Presentation Lars! Very motivational! I took a formal SCRUM class myself, and this reinforces the principles that they taught about agility, the ability to make rapid changes. Glad to see Tesla walking the walk, while the other OEMs talk the talk.
Gwynne Shotwell(Now CEO SpaceX) used to work at Ford when she started her engineering career. She wanted to help improve the production line and went into the factory on a weekend. Twice she got "written up" for touching a union-workers tools. She got the message from management and left, soon thereafter. If the $F team has this culture, how will it ever be able to compete with $TSLA?
The strength of Tesla is each employee no matter how low on the pole is respected. If someone one has a good idea they tell their supervisor which later implement the changes. This is what we call proactive policy not reactive
Many years ago somebody asked me: who is hero for you? And I sad that person who realizes his dreams is true Hero!
Elon Musk is my Hero!
I used to work for a big telco.
They drove the 320 techs in this city hard to their increase production every year.
It was like telling a marathon runner he has to go 10% faster every year.
I told them I had figured out how to shave 10 minutes off every job.
320 X 3 jobs a day = 160 hours a day, every day.
They didn't think it was worth giving me even a small bonus for my idea....
This is the sort of mentality that competes against Tesla.
There is is NO competition.
Lars doing a great job keeping us informed
WOW! Lars, you have outdone yourself with this one and I don't say that lightly. I am saving this one to watch again. If I were on Twitter or Facebook I would post this for everyone to see. Thank you Lars, this is really awesome.
An agricultural engineering approach is to always be learning by doing on the job, and "when all else fails, read the (naturally evolved) Instructions", these are what has become "organic" Sciencing Re-search practices.
You almost had me crying... that is the way everyone should live. Work is an important activity for everyone and the more dedicated and moral and ethical you are the happier you will be. Make America Great Again.
Awesome video Lars! I am an Agile coach and I can see the scrum method being used in all of Musk's companies. It's the secret sauce to rapid product development.
One of the most insightful and enjoyable videos I've seen. Tesla is driven to reach the objective and what ever it takes is what they do. It's not about bureaucracy its about what works. So as you say by the time things get through the paperwork stage at most companies Tesla has been doing something for months or years. That means as Sandy Monroe said they move at the speed of thought.
I love this company. I hope they get into everything and last forever. May all the others adopt the Tesla Way without corrupting it.
another spot on subject. Would be very interesting to learn more about this kind of company culture, and how tesla deals with keeping it pure. How do they deal with big egos? The primadonnas? Does the p2p communication work, or do people risk roasting by managers when bypassed? How do they ensure that the great idea driven culture “letting the best ideas win” grows?
Mega-yacht vs micro-house. That really highlights the difference.
Love it, Lars !!! Totally cosmic !!! We should all forward this to our employers !!! ... To the world !!! 😃👍
Tesla employees have the implicit incentive that when they choose to move on they cash in big time with other companies because of the Tesla experience and credentials.
And the shares they have in the Tesla company they are creating there on bonuses
Imagine what the world would be like if every company acted the same way as Tesla. Great video .
What a striking difference between Tesla and a company I worked for in 2010 (I would use their name, but don't want to be sued). I was told to never speak to the department head; never speak to the owner; never speak to anyone I didn't directly work with! It was a zoo of silos! It was the most depressing place I have ever worked, and I couldn't wait to leave.
I'm 73 years old now, and would love to work with Tesla, or Space X. I enjoy working and still work, writing software. Having the freedom to create or change a process and see the results used in the organization is a great reward in itself.
Great job Lars, as always. Love your insight on the machine that makes the machines. So many miss this extremely important concept.
Very well articulated reason why Tesla is an innovation company. Well done!
What a wonderful show. For me…..this is the best I have seen from anyone.
I don’t know why the media keeps confusing Elon with other billionaires. If only they read and did there research on Elon history before comparing him to others.
I work for a firm that has 401k. I managed to put in 15 grand over that time end up loosing 3. When I quit, I converted the remaining 12 grand in IRA and dump it all in NVDA, TSLA stocks and call options with help from my F,A Rita Wildrin Mora, I'm up 160 grand, this has been a life saver.
I found out you can have more fun investing, once you do the proper homework than buying stuff you want but don't need. whatever you do, hold on to your TSLA and buy more if you can manage.
Much Inspired by this, you make me feel like I've been playing. The market has been pretty much crazy for me, I'm investing with my head high so as to see where it'd go.
Did a quick search and found her page. she seems very proficient. I'll send an Inquiry once I get to work.
"Good idea, done" - works because you've got employees and managers who can directly recognize a good idea when they see one, not like some working in a fog at arm's length unapproachable, uncertain MBA.
🤗WE UNDERSTAND THIS 👍THANKS LARS 😍😍😍
Great video as always Lars. Love your work.
By the way you got it correct of course, but for the guy Joe Justice in the video @ 9:15, the cars charge at 250kW NOT 250kWh. That hurts my ears. 🤔😮
Why do so many not understand the difference?
Well done Lars! I like and appreciate the way you spread the word!
Teslas secret superpower: Common Sense
Common Sense is very rare as evidenced by any place we have ever worked and among friend, laws etc.
😅😂 so mean 🤦🏼😭😭
So very, very much in short supply these days!
Not just common sense. Courage.
Phillip.
Great video, Lars! I've been waiting for someone to capture the essence of why I think so highly of Elon Musk and Tesla (as well as his other companies) - and you've just nailed it on the head! Thank you - I will be sharing this with all my friends and family who just don't get it ... yet ... :)
Thanks Lars, another wonderful video! Very well done my friend.
Terrific video with brilliant insights into what makes Tesla's corporate philosophy so innovative and unique. Like Elon himself, obsessed by every aspect of how to improve EVERYTHING.
Tesla innovates like NO other period! Tesla is poised to take the lion’s share as the others fight for the scraps! 💎🙌😎🇨🇦TESLA P.S. I like your shorter length video brimming full with information as always ❤️👍
The youtube channel were Joe Justice was interviewed is “The best moment in history” and the youtuber is Alejandro Sahuquillo, he is an spanish engineer who does many interesting videos about Tesla, he also did a great interview to Sandy Munro a few weeks ago.
Exactly, one of the best interview done with Sandy Munro 👍
Roberto, thank you so much for your words. But I'm an architect, haha
I stumbled into the Joe Justice interview earlier today. Absolutely amazing information about how Elon's companies operate.
Great topic and great writing, Lars!
Excellent episode Lars! You consistently hit home runs!
One of your best videos to date! Great work Lars!
Bestin Tesla is very informative.
Subbed :)
I can´t wait to see how much faster Tesla may get on the passing lane once the Grünheide factory is fully operational.
The general German attitude towards improving products/processes may help quite a bit.
I know Tesla was able to hire a significant number of engineers away from various German OEM´s who were urging their employers to make more radical changes - but were "handcuffed" once they complained being blocked from developping improvements ...
Those guys will be very happy working for Tesla.
Yea man is a "creative being" to work for the old tired oem:s is like sitting in a prison. 😅
People are only beginning †o see how well you tell the Tesla story! You’re doing great work Lars. Glad you are doing what you are doing. Keep it up!
Great video! This immediately makes me want to buy more Tesla shares.
Awesome show. I never knew about tesla’s anti handbook handbook. Very interesting
Constant improvement and rapid change properly thought through is always the most profitable way to go so it’s no surprise that Tesla at the top. That change which allowed faster charging is a good example.
Thank you Lars for making such insightful videos, and I am nice.
This make me want to work for Tesla!
Another good video Lars!
👏👏👏👏👏
I have been waiting for someone to finally discuss the anti-employee handbook. Thanks LARS.
Tesla DOES have an Employee Handbook now in addition to the older Anti-Handbook Handbook floating around probably. This came up in recent litigation.
@@isthatatesla ohhh they do, but they call it the anti-employee handbook. Everyone downloads about 24 apps to review their own productivity and they have 4 hr on boarding process to learn the whole company. No one has a boss and the company is designed to be flat with no bottlenecks. It’s absolutely the agile company in the world, it’s fascinating.
Maybe Elon learn something from the Chinese they work as a team
I'm SOLD! Another brilliant, untouchable program! Thank you Lars
Nice video, thanks Lars! It would be nice if you could also talk in one of your next video about Tesla Energy.
Its potential it's HUGE but ....
- no Tesla Solar panels available since are replaced by (non available...) Tesla tiles
- Powerwall is great but only where it is available: here in France it's not even commercialized...
- still no V2G (Vehicle to Grid): it's a shame, I have 80kWh in my Tesla model 3 battery in the garage and I cannot use it to power my house
Tesla’s minimalist management style is more efficient. It uses way less energy. The best part is no part
You are 💨 fast! I just watched that interview a few hours ago.
I really enjoy your videos man. Bravo!
Very nice and motivational video. Definitively has done a lot to change the car industry and gets all the credit for the introduction and success of EVs in the market. Never the less in my view Toyota should get credit for their pioneer continuous improvement program (benchmark for many industries). Further it is still obvious that Tesla has not (yet) reached the "build quality" of leaders such as VW or BMW.
Heard from someone, that if you work for Tesla, and if you see a problem or a solution - you have to tell it - if you do so in other companies - you get fired - .
I go for Tesla 👍😎👍
awesome narrative, deep understanding of tsla and elon musk.
This was very nice inspiring Video well done fantastic work 😉
Excellent job TESLAP MASTER 👍 ain't No TESLAP's there!🤠
Lars, your Tesla report, most fun, and best music.
Just like to let you know. Tesla Model 3 is the people's choice in New Zealand for 2021. Model 3 also won the passenger car award for 2021. Hopefully we get Model Y next year. It will be interesting to see what it wins.
A car is basically a widget. Tesla is a widget maker. Their super power is speed of change, a large volume of smart people (bunch of rocket scientist) and focus on volume production. The secret to their success is the volume production. GM said they will release 20 models and then I see them making about low volume unit of each model makes me question how management they got their MBA's.
Thanks Lars exceptional staff, almost too good to be true, but it is a fact and your enthusiasm proves it. While Tesla phenomenal growth rate, quarter after quarter, and year after year , or day after day as you probably would put it. Put a stamp of approval to your exceptional presentation.
That same mountain was used and photographed in a historical first Automobile history.
Good job 👍
The Factory is the product. I will buy a Tesla just to support Elon. He is the best example of a great American patriot.
Tesla! the greatest company on earth.
AWESOMENESS...
DUDE, YOU ROCK....
You got it... Tesla's Superpower, IS the ULTIMATE Superpower....
Tesla makes 14+ changes per week but don't worry the OEM'S are coming and they will add more cup holders lol 😆
Great news thank you for telling us what we need to know 🚀
Man that was such a great interview with Joe.
"It sucks today and it will suck tomorrow.." 😂😂😂😂😂
Yay first and Lars thanks again 😃👍
Tesla naysayers finally getting it.
Another great video. Thanks.
great work man
I remember 2006. All of the automakers dismissed Tesla as a flash in the pan go nowhere company. Bob Lutz, a GM executive, was so confident that Tesla would fail, his arrogance amazed me. Today Tesla is going to put GM and Ford out of business. VW, as the world's largest automaker, is in serious trouble but will probably succumb.
Hi Lars, what’s happening with Giga Berlin approval to start manufacturing??? All youtubers seem to be ignoring it! What’s the status please? c
Fantastic video Lars. Tesla blows my mind
Great video and should be mandatory watching for every politician on the planet. What would a country, run like this, be? Explaining that when they have overcome Tesla's lead they will be behind, is like a primary school student reading a book to be the best reader in the class and when they are finished they are told the person they were competing against just finished reading a university level book. Your stuff is good and getting better.
It is a VERY risky way to operate, IF Tesla actually operates as Lars describes, which I highly doubt. But a product like a car has a lot of different constraints on it. What if John, the kid assembling suspension on the line becomes obsessed with saving cost by reducing the thickness of the walls of the hydraulic brake line tubes? What organizational controlls prevent him from wasting the full time of the systems engineering team responsible for brakes with 500 useless ideas in 500 days for hydraulic line materials changes, diameter changes, pressure changes, mounting bracket changes, ... At what point does it become necessary to have someone tell John to stop bugging the engineering team about brakes? (We've all worked with "that guy" who will go completely unreasonable this way.) Eventually a management structure has to intervene using authority, probably eventually to fire John.
Same old same-old.
This clip should be mandatory in universities, startups. I will make it a must have in our own teams.
Thx Lars for this great piece of work.
Any company that remains stagnant is doomed to become irrelevant. If you do not innovate in your space, you can be sure that someone else is.
You're right. In 2013 I stole a lot of Tesla blueprints and when I got the factory up and running after 6 years, everyone told me it was not a Tesla by far.
So yeah, what do you do? Steal new blueprints?
Surely ALL companies do this!
What happens when you need a replacement part if they're continuously changing in the meantime? I guess you'd just buy the whole assembly?
The new parts need to be able to do everything the old part is able to do. This is how you do automated testing. You need to specify all the required function of the part then test every function and validate that it works. This includes the new part fitting into the space that houses the old part.
Sir.......this may be your best video ever!!!!!! Fantastic look at a fantastic company. I love that musk admits to mistakes. Most CEO s and billionaires become narcissist s. They think because they succeeded at one thing or know one thing they can succeed at everything, know every thing. I am sure musk has his quirks......most geniuses are neurotic in the least........at the most they border on madness! Musk thought he could manufacture the Tesla relying more on robots. He was wrong,.....and the mistake almost bankrupted the company when he was in what he called......production hell! But he realized how expensive and time consuming it was to use the number of robots he had originally invisioned. So he reduced the number of robots decreasing his costs and production time. Sandy Munro had some issues with the early Tesla's. But inspection of subsequent models reveals Tesla fixed the it r mistakes! Munro says tesla inovates at the speed of thought! As u said Volkswagen and others need years! They will never catch up! Musk has repeatedly said......it is not about the car! The far just gives him cash to build other things. Musk uses the cars to build batteries. He uses the batteries for cars but also for power walls and mega packs. The biggest problem with solar power has been the storage of power for use after dark. Musk's uses of the power wall and mega pack will do more to bring about the adoption of solar......faster.....than all the bull crap coming out of Washington!!!!!!!!!.....musk......Tesla.......SpaceX.....true genius, and the hope of mankind that we reach ev use and solar use to prevent the extinction forecast by the UN s ipcc report!!!!!!!
Awesome as always
GO TESLA! Why can't the rest of the corporate world catch a clue from Tesla?!
I think Tesla needs to start making window glass that tints automatically in the sun like those sun glasses do. No one does that and that would be interesting!
At Tesla, innovation happens at the speed of thought.
I have a question for you. Do you think Elon's approach to innovation will outlive Elon? The approach is so different I wonder if it requires someone like Elon to keep it going. Maybe, eventually, other companies will try to mimic his approach to innovation as they are now starting to mimic his push to EVs? Fantastic video!!!!! Thank you so much for all the great work you are doing!
Even now Elon admits he spends most of his time at SpaceX.
Hahaha "VW margin sucks today, will suck tomorrow and will suck next year, your hilarious thanks for another great video Lars.👍
Tesla's real superpower is that they're a magnet for talented people. Same for all of Elon's companies. This is why they can make so many changes; the average employee is just way smarter and more motivated than at any other company.
WHEN WILL Berlin COME ONLINE?
Finally someone gets it thumbs up !
As in nature 🌱 adapt or die... Companies are comprised of people most stubborn and set in their ways. Therefore, very few will survive.
I'm surprised that you haven't received a free model S for advertising, info and support.
What their supposed competition does not seem to understand is that there is some new innovation or technology coming out almost every day. If you are not aware of this and using it to your advantage then your business will fail. You will fall so far behind that you will not be able to compete.
Does 'months' have an 's' at the end? YES IT DOES.