4WD
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have run out of fingers to count all the 10% headcount reductions I’ve seen in my career …
Wow, Tesla laying off more than 10% of its world wide workforce, two Top Executives leaving
- Thread starter alarmguy
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Nothing.
Over the past 2 years. TSLA fell by 50%. Fixed it for you.
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As companies, they all suck. Not trying to be dramatic, and not saying there cars suck. There old, there mired in debt, there are far too many. They for the most part make the same thing as everyone else. The industry will either need to consolidate or loose a few. This is why you see the various "alliances". They have spent the last decade borrowing money to buy back shares as their strategy. Maybe the best of the bunch as a company is Toyota - but there still mired in debt, and still make a civic and Rav4 over and over.
I really have no idea of how to value Tesla. There isn't enough history. What is the projected growth rate of EV's? Can they even hold grow or even hold steady? They need new products - not just for interest, but because there current product is a too expensive. If they ever got the self driving thing to work, thats a game changer. But I don't think that will happen in my lifetime. So who knows?
They are about 90% there on self driving . I guess you are really old if you won’t see it in your lifetime (5-10 years?)
SammyChevelleTypeS3
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That is why a lot of folks pass up on promotions. Lots of times when the reduction of work forces begin it is the middle managers who get the first cuts when the blades come out.
That's about the last thing Tesla needs right now.... Or at anytime period. It has been difficult enough for them to finally turn a profit. Unions destroyed auto manufacturing in Detroit, and steel manufacturing in Indiana.
Both Gary, Indiana and Detroit, Michigan went from being thriving industrial cities, to garbage dumps that are ravaged by gangs and drug violence. Crime runs rampant. Housing values plummeted as a direct result.
You can also see what labor unions did to aircraft manufacturing in Southern California. Where it used to thrive it is now non existent. Boeing, Lockheed, General Dynamics Convair once employed thousands. No longer.
Most of the aircraft manufacturing was moved to non union states like Texas and North Carolina. The union workers in California once again priced themselves out of the market with strike after strike. California now has the highest unemployment rate in the nation.
All unions do is guarantee the laziest workers will receive the highest pay. This has been proven over and over in state after state.
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Unfortunately its the 10% of the time where the driver has to actually do something.
I would love to hope your right but I sincerely doubt it. The issue is on the sensing side, not the programming side. Testing more code won't help them.
Interestingly, unions didn’t destroy German car industry.
I would say what destroyed car industry in Detroit is trying to squeeze out every cent out of vehicles by lowering quality and not investing in R&D. All for short term benefit of current C suit. Eventually, it had to catch up with them.
For example, VW openly supports unionization of their workers in TN. Politicians don’t.
We went from nothing 10 years ago to 90%+. Easy to harness/access AI will speed this process to finish development to a decent level.
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Darpa has been trying since 2004, and some of the best engineering schools on earth poured gobs of money in. They were using lidar systems who's sensing head by itself cost 4X more than a Tesla. This isn't just my uneducated opinion. https://en.wikipedia.org/wiki/DARPA_Grand_Challenge#:~:text=The initial DARPA Grand Challenge,course within a limited time.
AI won't invent a new sensing tech. Its generative AI. It just re-hashes what we already know. Like I said - the issue isn't on the software side.
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One of the problems with Tesla is that people who blindly follow Elon think that all these innovations are his doing. All this was already happening, and Lidar was first big case where some folks got sober about how “good” Tesla is, or not in this case.
As for AI, you are right. Something I must constantly explain students not to use, as it is at their own detriment.
Germany is a socialist country, we're not.
AI assists in development especially large dataset's. The DARPA project has not been updated in 4 years and is dead and irrelevant to self driving on public roads now…
Lol. Argument, right there.
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My point with Darpa is Elon didn't start from scratch. So its been far longer than 10 years.
There still trying to do this with ultrasonic, radar and stereo camera's. All 3 are very mature technologies have major limitations about what they can sense. They won't get there with these. Large dataset or not.
If a new sensing tech becomes available they will be able to apply their algorithms. Thats the key.
Yeah and with AI I bet more coming. I think its the actual workers in "the field" who will be the most job secure, desk jobs, management etc will be taken over by AI
Shareholder meeting June 13th, I suspect we will have a lot of answers or complete mayhem> I think Musk has too much influence in the company as it is falling to the ground on his watch. Let's face it, years of screw ups now.
56 Billion award to Musk is insane. Good for him if he gets it, shareholders are the fools is my opinion.
markets.businessinsider.com
56 Billion award to Musk is insane. Good for him if he gets it, shareholders are the fools is my opinion.
Tesla Analyst Says Expect 'Fireworks' Into Shareholder Meeting After EV Giant's Proxy Filing: 'Clock Has Struck Midnight For Musk'
Tesla is facing challenging near term amid multiple headwinds the company faces but Musk can make a difference, says Daniel Ives.
markets.businessinsider.com
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He should just resign. Its like a head coach. It won't help when he is gone - might actually be worse - but the critics won't stop till he leaves.Shareholder meeting June 13th, I suspect we will have a lot of answers or complete mayhem> I think Musk has too much influence in the company as it is falling to the ground on his watch. Let's face it, years of screw ups now.
Tesla Analyst Says Expect 'Fireworks' Into Shareholder Meeting After EV Giant's Proxy Filing: 'Clock Has Struck Midnight For Musk'
Tesla is facing challenging near term amid multiple headwinds the company faces but Musk can make a difference, says Daniel Ives.
In a few years he can start an new car company. Maybe a Mr. Fusion powered?
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