I am glad your son made it through. Sometimes its better to survive, sometimes its better to be the first one out?
This comes up all the time - but as long as you pay them the amount of time you were supposed to give them notice - its not breaking any laws. The media spews this vitriol but its wrong. If there paid for the period - which I think is 60 days - then that is considered the same as notice. In fact its better - you don't have to show up. I am pretty sure all these past cases Tesla (and Twitter as well) paid everyone an equivalent severance so were in compliance.
Oh I'm 100% sure it is area specific, but to me it sounded like at least in my area that people are not as willing to fork over the amount for services like they were prior. In my own side business I've been receiving more work to repair things that normally would've been replaced, which could be from several things including high prices of new equipment, lack of stock in stores, etc.
Lol...not a media thing. I literally just read something about this in my business law textbook yesterday and just now flipped the page to a legal case where they talk about it in more detail including the fines. You are correct, 60 days of pay is treated as notice.
Companies are raising there prices constantly - corporate profits are at record levels - while at the same time squeezing their suppliers and not giving raises at the same rate increase their profits and revenue are having. Its clear on wall street as profits for the big companies are through the roof, but I read an analyst said its not the same for small business, because they have no leverage on their suppliers and are the ones hardest hit by the labor shortage.
Consolidation and private equity money are also a big issue right now. Large suppliers are buying up smaller suppliers and the monopoly laws seem woefully inadequate. In my field, small practices are being bought up by PE on the promise that they can give small practices big practice leverage for supplies but it also means taking hits in other areas. In reality, the large suppliers have a monopoly and they and PE are getting richer and the individual practices are seeing less money, not more.
As I said initially, I do not understand the weird allegiance/cult of personality surrounding Elon and why you all seem to take criticism of him so personally. I'm typing on a Mac, I like Macs, and I don't give a rat's patooty if you hate Tim Cook and say bad things about him or Apple. I own two Toyota products, and I like Toyota products, but if you want to slam Akio Toyoda, why would I care?
This is correct. I thought common sense says all they need to do is pay for 60 days and didnt bother to bring that up. I haven't seen anything that they were paid. If they were that is fine but why then did workers files a lawsuit? Doesnt make sense to me and it's not the media, it's a fact workers accused them of violating the law. Why would they is the question because it would be baseless if they got paid for 60 days. (I tend to think they were but lack of info or interest for me to research other then the links I posted)
Its why Goldman refers to their retail clients as muppets.
They got paid, as required. However it still gets traction because big media like CNBC and Reuters print the allegation, but not the retraction.
Did you miss this part?
Nothing to do with the Warn act. They got paid - they clearly admit it.
I do not see people bashing MB, BMW or other EV manufacturers except maybe Ford and rightfully so) anywhere near as much, they have been building high quality cars for 100 years and more they know how to build cars and are just trying something new. If it all goes up in smoke the no big deal they just keep building.
This is what the suit is about:
I think their latest report showed $29 billion in the bank and $9.57 billion in debt and growing.I agree that Tesla having only EV's is a restraint. They also have no debt and I think they will remain the leader in the market for the foreseeable future, such that the market is. Tesla's primary issue is owners bid the price up to unsustainable levels. Getting rid of Elon won't fix that - if anything it hurts it, but they will do so anyway and it won't help.
There are lots of companies in that boat right now due to mutliple expansion from covid money printing. Tesla is just the current poster child.
As for GM, well there the same price they were at when issued in 2011 - not accounting for inflation and not accounting for all the debt they took on to buy back stock. So I guess once you hit rock bottom its only up from there.
Not sure why you can't see it for what it's worth. Curious if you work for Tesla as you really go to bat for musk. The Cybertruck has been a disaster and is now under a permanent stop sale. Musk has severely alienated perspective buyers. He is being sued after publishing vile not true stuff about a guy which musk admitted to. Musk can't fathom why he's being sued which is sad. Just about every vehicle they've shown off has been late. He flat out makes up product specs. Remember when the 2017 model s would be able to drive coast to coast without a driver? How about the 2018 robotaxi fleets? Tesla has shed alot of their top talent as everyone is tired of the Lunatic making it up as he goes. You don't think the engineers knew the Cybertruck wouldn't remotely have a 500 mile range or 14k pound towing capacity? I'm sure they did but it didn't stop musk from making it up as he went.
They were laid off November 22nd. This article of January 11th says they received their "severance". So at most it was 7 weeks after lay off. It also is possible they continued to be paid as normal during that period, because the other article contends " they were paid 2 months for not working - which these people acknowledge, in addition to the 1 month severance,
www.hcamag.com
Yes! Isnt that something ! *LOL*
