Wow, Tesla laying off more than 10% of its world wide workforce, two Top Executives leaving

Status
Not open for further replies.
edyvw said:
I highly doubt they are largest vehicle exporter bcs. that. Their all high paying jobs are in NJ.
Click to expand...
Yes, I know you hate the South. We have discussed this before. Which is why I was surprised when you apparently sited BMW South Carolina in a positive light. It is a very impressive operation I can assure you. In fact this plant is actually BMW's largest and often their most efficient.

New Jersey handles US sales and dealers and has nothing at all to do with the BMW plant in Greer SC. The plant reports to BMW manufacturing in Germany.

Who gets paid what I don't know.
 
Last edited:
More housecleaning. Announced today 4/18/24
1. Tesla laying off 285 workers in Buffalo, NY which is 14% of the workforce that makes solar cells and superchargers.
2. In Germany Tesla is not renewing the contracts of 300 temporary subcontracted workers.

Tesla stock is now down 62% from its high. Musk today has had a 166 billion decline in his stock value.
Now 174 Billion, at its high less than 3 years ago it was 340 billion. Honestly this means nothing though. It was just the value of stock that was and still is highly overvalued by the share holders. I expect his value to be reduced another 50% from the 174 billion it is worth today once the stock price properly reflects reality.
I only posted this because in this forum, all we heard was how much Tesla and its CEO was worth when the stock was selling at multiples of hundreds of percents higher than its competitors, it just shows, that means nothing if you dont have the profits and market share. It is rightfully coming back down to earth but still needs to be slashed another 50% as far as I am concerned.

It is true, at first, the stock price was reflecting massive growth in the output of the company, but we need to face reality, output has crashed in relation to what was anticipated in the stock price.
 
Last edited:
edyvw said:
You obviously have no idea what socialism is. B. You obviously have no idea what capitalism is.
Click to expand...
Stop trying to over complicate something simple. Capitalism is an economy run by the private sector. Socialism is a government run economy.

And about the only difference between socialism and communism, is the socialist doesn't have all the guns yet.... But they're working on it. And if they say they're not, they're lying.... Much like they do about a lot of other things they so love to quietly promote.

I've never seen a socialist, or a socialist run country that didn't love gun control. And please don't come back with that nonsense, "police and fire departments are socialist!"
 
billt460 said:
And about the only difference between socialism and communism, is the socialist doesn't have all the guns yet.
Click to expand...
Socialism and communism share many ideas like the public control of the means of production but THE defining feature distinguishing socialism from communism is pure socialism uses peaceful means and gradual change to obtain its objectives and communism uses authoritarianism and violence to obtain its objectives. There are of course intermediate examples. FTR...neither one works nearly as well as mixed economies based on capitalism/free market with some socialism sprinkled in.
 
PWMDMD said:
Socialism and communism share many ideas like the public control of the means of production but THE defining feature distinguishing socialism from communism is pure socialism uses peaceful means and gradual change to obtain its objectives and communism uses authoritarianism and violence to obtain its objectives. There are of course intermediate examples. FTR...neither one works nearly as well as mixed economies based on capitalism/free market with some socialism sprinkled in.
Click to expand...
I always thought the difference was that in one case the people aka the government owned the means of production, and the other did not.

I also was led to believe no pure version of either has ever existed, at least not in modern times, because it likely cannot?
 
PWMDMD said:
Socialism and communism share many ideas like the public control of the means of production but THE defining feature distinguishing socialism from communism is pure socialism uses peaceful means and gradual change to obtain its objectives and communism uses authoritarianism and violence to obtain its objectives. There are of course intermediate examples. FTR...neither one works nearly as well as mixed economies based on capitalism/free market with some socialism sprinkled in.
Click to expand...
As they say with socialism / communism..... It's easy to vote your way into it, but you always have to shoot your way out of it.
 
SC Maintenance said:
I always thought the difference was that in one case the people aka the government owned the means of production, and the other did not.

I also was led to believe no pure version of either has ever existed, at least not in modern times, because it likely cannot?
Click to expand...
Don't forget that in communism the government owns and controls private property. Socialism.... Well, "just a little bit of it".... Kind of like trying something at a buffet, before you go back for a plate full of it.
 
Adam Smith believed liberty was the heart of capitalism and that the good of humankind was the heart of liberty.
He believed government oversight was necessary and the government should provide things that were too big or too important, such as the military, courts, education and health care.

If we look deeper into Smith's ideas, a key reason he believed in limited government regulation was, he stated even well intentioned regulators could not be knowledgeable enough to make proper regulations in the broad overall market.

And yes, the United States economic system is about 60/40 split between capitalism and socialism. Different numbers can be found and even supported, but this is meant as a general number to get the idea.
 
billt460 said:
Stop trying to over complicate something simple. Capitalism is an economy run by the private sector. Socialism is a government run economy.

And about the only difference between socialism and communism, is the socialist doesn't have all the guns yet.... But they're working on it. And if they say they're not, they're lying.... Much like they do about a lot of other things they so love to quietly promote.

I've never seen a socialist, or a socialist run country that didn't love gun control. And please don't come back with that nonsense, "police and fire departments are socialist!"
Click to expand...
We're somewhere in the middle. The definition is simple. In the real world it is pretty complicated. Every government that has a free society isn't free of all safety nets. There's no such thing at true and free private sector capitalism. It's probably more of a worst of both worlds scenario than the best of either.

I don't want to get deep into the conversation only because we know these usually end poorly, but there's a lot of gray area in these issues and all of the arguments are staunch and black and white. Square pegs in round holes so to speak.
 
JeffKeryk said:
Adam Smith believed liberty was the heart of capitalism and that the good of humankind was the heart of liberty.
He believed government oversight was necessary and the government should provide things that were too big or too important, such as the military, courts, education and health care.

If we look deeper into Smith's ideas, a key reason he believed in limited government regulation was, he stated even well intentioned regulators could not be knowledgeable enough to make proper regulations in the broad overall market.

And yes, the United States economic system is about 60/40 split between capitalism and socialism. Different numbers can be found and even supported, but this is meant as a general number to get the idea.
Click to expand...
Capitalism isn't fair. It was never meant to be fair. You rose up in wealth and power by taking risks. Those risks sometimes were successful. And many times they are not.

"Leveling the playing field for everyone", by playing Robin Hood has never worked out well. Because it kills the entrepreneurial spirit that drives success. In capitalism the wealthy achieve power.... In socialism the powerful achieve wealth. Big difference.
 
billt460 said:
Capitalism isn't fair. It was never meant to be fair. You rose up in wealth and power by taking risks. Those risks sometimes were successful. And many times they were not.

"Leveling the playing field for everyone", by playing Robin Hood has never worked out well. Because it kills the entrepreneurial spirit that drives success. In capitalism the wealthy achieve power.... In socialism the powerful achieve wealth.
Click to expand...
Life isn't fair.
 
Last edited:
JeffKeryk said:
Adam Smith believed liberty was the heart of capitalism and that the good of humankind was the heart of liberty.
He believed government oversight was necessary and the government should provide things that were too big or too important, such as the military, courts, education and health care.

If we look deeper into Smith's ideas, a key reason he believed in limited government regulation was, he stated even well intentioned regulators could not be knowledgeable enough to make proper regulations in the broad overall market.

And yes, the United States economic system is about 60/40 split between capitalism and socialism. Different numbers can be found and even supported, but this is meant as a general number to get the idea.
Click to expand...
This is part of the well-defined "regulatory cycle":
1. Identify something that the free-market does not regulate well
2. Implement regulations
3. Recognize the regulations are too restrictive
4. Relax regulations
5. Abolish regulations
6. Start back at #1
 
dlundblad said:
And if the bank owns your home, you still get to pay the taxes on it. 🤫
Click to expand...
That is the choice a buyer makes. Going into contract with a bank to purchase a house.
However, the bank doesn’t own the house, but if you stop paying back the money they lent you they can sell it take their money from the sale and give you what’s left over if anything. 🙃

The same goes with automobiles and with any other secured loan.
 
Status
Not open for further replies.

Similar threads

dave1251
  • Locked
Exxon Mobil
Replies
19
Views
16K
MolaKule
Back
Top Bottom