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

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You are thinking of the old DDR not West Germany and the Germany we know today. Read what the don't teach in US schools today.

Germany is most certainly capitalist, but has many social market tendencies - like socialized medicine, education, lots of worker rules and rights. There is no right to work areas if the company is union to my knowledge, and no at will employment in Germany - not like we know it here.

I think in terms of the one that originally commented on this - it was in reference to German labor Unions, it is most certainly different than here.

FWIW - I have worked with Germans my whole career - hard not to if your in manufacturing. I don't think I have ever met a lazy German. However workers efficiency has been plummeting pretty rapidly in Germany recently. I probably can't repeat what my German friends tell me the reason is.
 
I was trading Nio during their run up after Covid and was thinking all these Chinese EV companies will eventually catch up to Tesla in the near future. I had zero interest in Nio but some folks were saying they might be the next Tesla, so I put some casino cash to work.

Tesla is very innovative but Cybertruck problems and slowing global economy will definitely hurt them.

If workers strike and form a union for better pay, benefits, retirement will hurt Tesla’s profits.
I’m not anti union, many workers on Tesla assembly lines are not happy.
 
I haven't read all 8 pages of this thread but I am curious because I read conflicting news on this story. Did Tesla lay these employees off or did they fire them? I ask because if they're fired then they would have to reapply for employment if they wanted to come back to work there when hiring resumes,,, if hiring resumes.

Just curious how this all came about so quickly and without warning.
 
And Poland didn't destroy our canned ham industry.
Your comments could induce stroke in people. All those years and not knowing what socialism is. Somehow, socialism is responsible for high quality and BMW and MB being leaders in luxury segment.
If your dishwasher broke, there are other ways to release negative energy, bcs. this is nit your strong suit.
 
I haven't read all 8 pages of this thread but I am curious because I read conflicting news on this story. Did Tesla lay these employees off or did they fire them? I ask because if they're fired then they would have to reapply for employment if they wanted to come back to work there when hiring resumes,,, if hiring resumes.

Just curious how this all came about so quickly and without warning.
There laying off 10% of their global workforce. How much by area has not been published. Everything I have read says its a RIF.

With the latest earnings and earnings projections you could see this coming a mile away - its not particularly shocking to me. He did the same thing at Twitter a year ago.

There is a lot being made about people showing up to work and not being able to get in. This is the way it works folks - you show up, you don't have a job. The last thing you want is a disgruntled worker wondering around your factory. You get paid 2 months pay to go find a new job. This happens to thousands of people every day. The media is trying to make it some big deal that it is not.

Yes, being laid off sucks. I have been. But that's life. You go find another job.
 
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The layoff appears it will be permanent, so some might call it a firing. The company said those workers are no longer needed there for the foreseeable future.
 
The layoff appears it will be permanent, so some might call it a firing. The company said those workers are no longer needed there for the foreseeable future.
Yes, usually same difference. The only place I have ever seen them give first preference for future openings is union. Otherwise you get to apply like everyone else.
 
I was trading Nio during their run up after Covid and was thinking all these Chinese EV companies will eventually catch up to Tesla in the near future. I had zero interest in Nio but some folks were saying they might be the next Tesla, so I put some casino cash to work.

Tesla is very innovative but Cybertruck problems and slowing global economy will definitely hurt them.

If workers strike and form a union for better pay, benefits, retirement will hurt Tesla’s profits.
I’m not anti union, many workers on Tesla assembly lines are not happy.
I don't know - outside of here, I haven't really heard people talking about the Cybertruck a lot, and most of the people I work with are easy $200-400k DC/Dulles metro tech people square in the market segment for Tesla. We had four parked out front today, one with paper plates.

The Cybertruck is stupid, but it's a low-production thing for people to show off. People are going to point and laugh at how bad it is, sure, but those same people are pointing and laughing while they're walking in to pick up their new Model Y.

I think the weird metal doorstop would have been a small blip on the "stupid things companies do sometimes" (Pontiac Aztek, anyone?) if people weren't wiping their opinion of Musk (related mostly to social and political issues over the past 2 years) on it because, hey, social media, I have an opinion and a keyboard and everyone should know!
 
Sounds dreamy. I work 60 hours and spend about another 30-40 hours in a hotel during that time. Literally I'm away from home for work about 90 hours minimum a week.

I’m sure you make great money.

I couldn’t do that type of job and work 90 hours a week.
 
What is wrong with Tesla? Stock $157.36 compared to Toyota $234.06,
Earnings: Tesla: 10.12, TM: $43.03bln.

Nothing is wrong with other manufacturers. It is like arguing that stock market is economy.
I was talking about valuation. You changed the subject.
Bottom line is, many people are bashing Tesla's stock price because it has dropped so far from its peak and has been hammered this year. But Tesla is still, by far, the most valuable car company in the world. That's the numbers.
 
Sounds dreamy. I work 60 hours and spend about another 30-40 hours in a hotel during that time. Literally I'm away from home for work about 90 hours minimum a week.
Yup, my father did that and he was dead at 47. I decided life is too short for me to work too much.

Yes, I understand that’s a pretty privileged position to be able to afford, but I worked hard to get here.
 
I was talking about valuation. You changed the subject.
Bottom line is, many people are bashing Tesla's stock price because it has dropped so far from its peak and has been hammered this year. But Tesla is still, by far, the most valuable car company in the world. That's the numbers.
All based on speculation. Predictability and stability is the key. Trend passed, and last two years are showing that. In addition, many countries are changing laws banning ICE.
 
Yup, my father did that and he was dead at 47. I decided life is too short for me to work too much.

Yes, I understand that’s a pretty privileged position to be able to afford, but I worked hard to get here.
One thing that people fail to see is that flexibility came at one point at serious cost. I gave up any meaningful life for 10yrs. But, now I ski twice a week and work at my own schedule.
When I had to make some decisions that would be key in my quality of life now, other of my friends had same choice, and chose short term gain.
Choices, choices.
 
I’m sure you make great money.

I couldn’t do that type of job and work 90 hours a week.
I do, but there's days I question if it's worth it. I just spent 23 hours in the hotel this last time. I get paid for that when it happens, but it's still feels like being stuck. I took a train out at 7:30pm on Monday and I just got home today(Wednesday) at 6:30pm. The other part is being on call with only 2 hour heads up. It's basically being available for 144 hours straight with 48 hours off after that. You're guaranteed 10 hours off after you've worked and then can be called any time after that 10 hour mark. It could be 2 hours after that, it could be 2 days.

It's weird, but it's been my normal for 8 years now.
 
Yup, my father did that and he was dead at 47. I decided life is too short for me to work too much.

Yes, I understand that’s a pretty privileged position to be able to afford, but I worked hard to get here.
I'm not sure I'll stick with it for the full 30 years, but poor lifestyle choices are rampant in this line of work. I don't smoke, I eat healthy, workout, and only have the occasional drink so I think I'm doing the right things to prolong it as much as I can with an irregular sleep schedule and the stresses that come with the job itself. Nothing in life is guaranteed of course, but I do control the things I can.
 
My company sold very expensive capital equipment to all the major economies in the world; Semiconductor Manufacturing Equipment.
In the 80's and 90's, ST Micro was huge, known as the Intel of Europe. The South Koreans and Taiwan came on strong, Samsung and TSMC. I worked closely with all the Regional Presidents because of my corporate forecast software.

The cultural differences were stark; the Germans were very happy and friendly. I will say the top guys worked their rears off, wore fancy clothes, drove gorgeous Benzes and smoked like crazy. The Koreans were brutal competitors; they never went home until the job was finished. When you worked with one, you worked with the whole team, unified in purpose. SEMI is a cutthroat business; you gotta roll with the blows and a lost deal might mean disaster.
 
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