Plus the "break it and see what happens" test isn't happening in a vacuum. You have other people and companies that rely on you. Why would you want to rely on a company that will just premeditatedly fuck you over? Look at all the people who dealt with the supercharger team speaking up and saying "well, what do we do now?" It's insane business to just burn all those connections.
Tesla lays off almost all of its Supercharger and new vehicle development employees, causing concern for other automakers (Bloomberg)
- Thread starter RBH
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It occurs to me that this happened just as the Tesla Supercharger network started getting built in Africa:
There are a handful of stations in Morocco that were built very recently.
Yup, at a certain point you have to think that the blame, while rightfully centered on Musk, should be extended to the board which has put up with years of his BS, and Tesla execs who enable and accept Musk's BS.
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Read the wild email Tesla is sending to suppliers amid Supercharger chaos
After firing its Supercharger team, Tesla is unsurprisingly finding it hard to manage contractors who previously worked with the team.
electrek.co
ahahahahahahahaha This clown is going to burn his car company down for the insurance and then realize he forgot to buy insurance.Read the wild email Tesla is sending to suppliers amid Supercharger chaos
After firing its Supercharger team, Tesla is unsurprisingly finding it hard to manage contractors who previously worked with the team.
What Tinucci does next will be very interesting.
Especially with non compete agreements all being nullified.
Especially with non compete agreements all being nullified.
The dipshit fired everyone without any thought to management of change and doesn't have a reliable vendor/customer master process.
Read the wild email Tesla is sending to suppliers amid Supercharger chaos
After firing its Supercharger team, Tesla is unsurprisingly finding it hard to manage contractors who previously worked with the team.
Stop assuming Musk is putting ANY thought into his actions when he's shown time and time again he is just a moron who inherited an emerald mine. He doesn't understand electronics, programming, rocket science, automotive engineering, robotics, etc. If you stick with the basic assumption, "Elon Musk is a moron", then all of his dumbass actions make sense.
The ONLY way this could make sense is if the intent is to rely wholly on solar-powered charging at home, but that's a dumbass idea for a whole bunch of reasons:
- Not everyone has a driveway or guaranteed parking soot
- Not every area gets enough sunlight to charge year-round
- Not every Tesla owner is going to want the additional 5-figure cost to install solar and batteries in their home
Have the wheels come off for Tesla?
Have the wheels come off for Tesla?
As the electric carmaker sees sales fall and cuts jobs, we take a closer look at its problems.
www.bbc.com
Californians appear to be losing enthusiasm for Tesla
Californians appear to be losing enthusiasm for Tesla
California drivers aren't buying as many Teslas this year, according to a California Auto Outlook, but it's still the top EV seller in the state.
www.businessinsider.com
Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
View: https://twitter.com/SawyerMerritt/status/1786405686143824355?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1786405686143824355%7Ctwgr%5E4f598a766ae5f23bd00a4a5c82010cc7eb82527b%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.businessinsider.com%2Ftesla-board-chair-elon-musk-billions-pay-package-video-vote-2024-5
Tesla is pulling out all the stops to get Elon Musk his $47 billion pay package
Tesla is again urging shareholders to approve CEO Elon Musk's multibillion-dollar pay package that a Delaware judge vetoed.
www.businessinsider.com
I'm a bit confused: the board is supposed to be there for the shareholders, not the CEO, right?
Because I don't see how (and afaik the board has made no argument that) this pay benefits the shareholders in any way.
I posted about this in another thread, but this move (impulsively firing an entire division because of an argument with its boss) is probably the worst thing Elon has done, business-wise. The charging network is Tesla's biggest selling point, and the sheer disrespect Elon showed to the engineers who built it is absolutely infuriating. Even having had a decidedly negative opinion of Musk as a businessman and human being up to now, I can't believe the level of callous disregard shown to his workers here. It's disgusting to see Musk's remaining fans try to spin this as a positive in any way.
That hasn't gone into effect yet, but even if it had, there's a carve out for existing noncompete agreements for high earners who make policy. Tinucci likely meets both qualifications.
Then again, if Elon follows his own Twitter playbook, he might not pay severance, which I assume would end the noncompete period.
I think the other article actually mentioned it, but one of the big the reasons EV car sales hit a ceiling last year is because EVs have become obscenely unaffordable. 90% of EVs are the cost of luxury vehicles of just 6-7 years ago. Not everyone has the budget or credit for a 50-60K car. On top of that, the majority of EV owners rely on their own home charging unit. So unless you want to be 100% at the mercy of a charging network, you also have to buy and install a home charger, which may not even be an option if you're renting or live in an apartment or condo. So of course EV sales are going to slow once it comes down to the everyday person.
EV automakers for some reason thought they could keep charging premium pricing for their vehicles even though the EV infrastructure is still very much in their infancy. They built the government and state tax credits into their sticker price, but states are starting to get more strict with those as well.
I just also find it annoying that EV sales were "surging" a year ago, but then because the back half of 2023 had a slowdown, the industry is in a panic and EV sales are "slumping". It's like these companies and financial analysts live and die on a quarterly basis. If it's not "maximum" profits every quarter, then it's time to flip the table over.
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To think that
You know, all I'm asking is… where's Honda Civic EV? Toyota Yaris EV? Even though I generally have a view that cars are bad and therefore we should have less cars, I would still say EV cars are probably better than ICE cars overall…
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Tesla’s Supercharger layoffs couldn’t have come at a worse time
Tesla “ultra-hardcore” cuts stall EV charging projects.
www.theverge.com
How bad at business does Musk have to be? Tesla could have been the first and most utilized charging network worldwide. He literally left cash on the table not being able to see the forest through the trees. I think he does alright marketing (or flat-out lying for buy-in) but would be smart if he paid the right people to run his businesses and got out of the way. There's just one problem with that, he thinks he's smarter than he is.
While there are TSLA super bulls out there trying to paint this as some 4D chess move, most stock owners I've seen or talked to on social media are indeed furious about this, or at the very least soundly confused by it.
If Elon has some grand plan on this then its a stupid one. The supercharger network was a relatively low cost yet profitable part of Tesla which was providing huge benefits, and while the existing chargers still exist and the support teams for the existing network were not laid off, the network's growth will probably stop for a long time due to this, possibly years unless they rebuild the team very quickly.
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'Quality Is Going To Deteriorate': Laid-Off Tesla Employees On Superchargers' Future
Now-former Tesla employees tell InsideEVs about the chaos at the company, and why they worry about Supercharger quality and uptime.
insideevs.com
What I'm thinking is Elon will probably finish firing the rest next week. You don't burn a house down just halfway.
This is Elon Musk, burning a house down halfway, stopping, then being surprised when the house continues to burn and he can't stop it is kind of his modus operandi.
You can get a Niro EV 12k mile lease with $0 down for $364. Similar for Kona EV. Hyundai is practically giving the Ioniq 6 away.
Then you have future vehicles coming like the Rivian R3, Kia EV2, Volkswagen ID.2, etc that will likely be substantially cheaper to own than the ICE equivalents.
I think one of the main problems that dealers and consumers have to get past is just looking at sticker price. Unless the only charging you'd have access to is paid public charging, EVs usually work out the same or cheaper these days.
'Quality Is Going To Deteriorate': Laid-Off Tesla Employees On Superchargers' Future
Now-former Tesla employees tell InsideEVs about the chaos at the company, and why they worry about Supercharger quality and uptime.
Seriously, how incompetent can you be?
And of course he'll try not to pay the severance. How did that go at Twitter BTW, is it still up in courts or was it resolved?
I'm curious, if you're OK answering: will you vote for or against the Musk pay package?
Because that seems some pretty serious grounds to vote no.
It was a total impulsive decision, just like when he decided to go into Twitter's data centre and randomly start unplugging servers.
And his ego won't allow him to admit he made a mistake either, so he will double down on this.
Seems like the board is stacked with sycophants too.
And his ego won't allow him to admit he made a mistake either, so he will double down on this.
Seems like the board is stacked with sycophants too.
I'll answer though I'm sure most in this thread will mock me for it, but I voted yes for the pay package, and for moving the incorporation to Texas.
I don't like Elon personally, nor do I think he's the perfect businessman like many Tesla stans do. He makes mistakes, sometimes large ones (Solar City, the PR stuff, this Supercharger crap for just a few examples), but he also does a lot right when it comes to running his businesses too, stuff most people never hear about unless you follow Tesla closely (and not just what the media pushes for clicks). I have several friends who work for Tesla and they paint a very glowing picture of the company, very different from how the media portrays working at Tesla. And the truth is he grew the company from 2018 up to today in a major way. Sure most of the employees are responsible for that, not him directly, but he is the CEO and in the end he is responsible for the big decisions Tesla makes.
My feeling is while I don't think he's doing a great job of running Tesla lately, for the period of the pay package the Delaware judge reversed (2018-2024), Elon accomplished the criteria said package required of him, so I feel (begrudgingly) he deserves to keep the stock options the judge took from him.
I also don't like the precedent of a single judge overturning a corporate decision which was overwhelming voted and passed over six years ago, based on her opinion of what is too much. Shareholders voted yes on it and this judge decided she didn't like that many years after the fact. This isn't the first time the DE courts have punished big corporations and shareholders, its become a thing over the past few years, and quite a few businesses are moving out of DE lately for similar reasons. I think its probably in the best interest of Tesla to be incorporated in a state which won't punish them for personal reasons rather than legal precedent.
So I answered how I voted and tried to explain my honest reasons. I probably shouldn't have because I'll likely get roasted now as just somebody who always supports Elon and Tesla "no matter what", but oh well. 😔
I bought an F150 Lightning a couple of weeks ago and Ford offers a free NACS adapter so I can use Superchargers. It's scheduled to ship by September but from what I read Tesla is supplying the adapters so I wonder if I'll ever get it 🤷♂️
Fortunately I had a home charger installed and I'm a shut-in so I don't go on long road trips. I'm not too worried about it but it's still a shitty move on Elmo's part.
Fortunately I had a home charger installed and I'm a shut-in so I don't go on long road trips. I'm not too worried about it but it's still a shitty move on Elmo's part.
bruh. "the judge" didn't steal Lord Elon's money. The shareholders sued. And won. DE is one of the most corporate friendly states. You are heading into conspiracy territory now. No reason to move to Texas other than to give the CEO and board more power independent of the shareholders.
You as a shareholder want to take money away from you and the company to compensate a clearly unhinged racist asshole who is currently trying to run the company into the ground? That he already did to another 40b company? And do it "begrudgingly". lol lol lol.
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To be factual, one shareholder with nine shares brought the case in DE. Do you believe one shareholder with nine shares (who also voted in 2018 like the rest of us) should be able to overturn the votes of millions of shareholders? 🤔
What if the vote was done under mis-information or under-information? If it was done illegally or not by the books, yes? Shareholders can't vote to break corporate law.
He has a financial stake in the company so he was well within his legal rights to pursue litigation. Is that not reasonable?
The vote was overturned because the board was clearly not acting in interest of the shareholders (aka their main responsibility) and was hiding information towards them . If the board had been impartial, there wouldn't be any issue with that outrageous package even with the same size as is literally happening right now, the same vote but with more information.
I could accept the mental gymnastics of accepting the 40bn bonus package as he did pop the stock in that period, but going to Texas is basically accepting that Tesla board is a sham that might as well rubber-stamp whatever Musk wants. Which kinda fits your entire position in general.
The entire problem here is Musk is acting like a god king of Tesla when it is a public company and filled the board with sycophants that just approve whatever he says. He is running a public company as a private one, with zero accountability which is what the judge was against.
I could accept the mental gymnastics of accepting the 40bn bonus package as he did pop the stock in that period, but going to Texas is basically accepting that Tesla board is a sham that might as well rubber-stamp whatever Musk wants. Which kinda fits your entire position in general.
The entire problem here is Musk is acting like a god king of Tesla when it is a public company and filled the board with sycophants that just approve whatever he says. He is running a public company as a private one, with zero accountability which is what the judge was against.
User banned (2 weeks): history of hostility towards other members. Account in junior phase
The single most annoying poster on this site bar none. What a weasel.
Not sure about that. They would love to kill the electric car AGAIN
I find it hard to believe that they will manage to expand current charger points without hiring back a lot of people.
The entire situations reminds me of this:
View: https://www.youtube.com/watch?v=r0mO6UY6uTg
The entire situations reminds me of this:
View: https://www.youtube.com/watch?v=r0mO6UY6uTg
I mean, you do, but I at least appreciate the transparency about your financial incentive to keep supporting him..
Your personal wealth is tied to Musk's ability to sell TSLA as anything but a car company, so yeah I get why you go to bat so hard for them.
No one knows why for sure yet, but I think the most likely reason is the head of the SC team didn't want to follow his "lay off 10%" mandate, so he impulsively made an example of the SC team.
Yes ithat would be a childish and idiotic reason to do this. I still think it's the most probable reason why given how it happened. Elon notoriously has very thin skin.
Well, it wasn't really an opinion, it was in comparison to what CEO pay packages usually are. i.e. normally a three (!!!!) order of magnitude less, maybe "only" two for the very biggest companies.
That compensation package is absurdly high compared to historical values (including of companies like Apple that have more revenue, more benefice, more margin, more market capitalization, and better revenue outlook than Tesla), that was the argument to strike it down.
Dude, DE is THE most company friendly state, it's like the one reason why most companies are registered there. I want receipts here.
But that's exactly what the lawsuit was about (the difficulty of the objectives was not presented to the shareholders, and in no adequation to the insane value of the package).
I also fail to see what Musk really did to justify that pay package. The period started great with the Model Y, but every single other thing has been pretty average at best, and mostly bad (Cybertruck, Semi, still no roadster, still no car that earns you passive revenue, still no FSD, and now suppression of the department that, according to his own Masterplan, is a central component of his "mission", failing margins).
He did hype the stock through the roof (mainly through lying), yeah, but that's not really a positive IMO, at SOME point the SEC or FTC should finally start investigating the litany of false claims Musk made over the years (starting with selling a vaporware for now over 7 years and counting)
Seems like the perfect person to head your company.
Well, you do always state your position, I hope you didn't feel pressured into it, that wasn't my goal, I just was geniously curious how you'd justify gimping your own wealth for a billionaire.