Not a too bad idea. They already reduce 199 prescription to 99. There has been a mixture of reaction. FSD is great feature but not as dependable. I've read some serious moves caused by FSD.
They're doing well because they cut jobs. Your company's stock is up is also because they cut jobs. Companies have ups and downs. And cutting jobs is always on the list to do when going through downs. Just like Elon's move to expand to a less expensive state. There may be more oversea moves. American build is not cheap.

 

I don't think anybody believes this is the end for Tesla. It does signal that everything isn't amazing, and there will be rough times along with the good, contrary to what some of the biggest fans believe. A consequence of having had almost all of the market share of EV's is that as more competitors get in, your market share only goes down. The market is going to be different than it was 3-5 years ago where Tesla was the only real player in the EV space.

 

Tesla has done 5 rounds of significant layoffs in their history IIRC.

 

I'm a firm believer in competition. Lack of competition leads to stagnation, higher prices and ultimately reductions in output. I mean, ask GM, they almost went under being complicit

 

Thank you fo lifting me up, everyone knows I'm not an EV expert. Lol

Was just thinking of stuff to give them an edge.

Other brands are spending a fortune on advertising to push their EV's so the competition may be fierce right now.

Mostly seeing Kia/Hyundai ads if I remember

 

According to Grok

Tesla has conducted significant layoffs several times in its history. The most notable instances are as follows:

1. 2017 (October): Tesla laid off 700 workers after running into production issues.
2. 2018 (June): Tesla laid off 9% of its workforce as part of a reorganization aimed at boosting profitability.
3. 2018 (Summer): In another round of layoffs, Tesla let go of 3,500 employees.
4. 2019 (Early): Tesla laid off 7% of its staff in its second round of layoffs in just seven months.
5. 2022 (June): Tesla laid off 10% of employees and implemented a hiring freeze.
6. 2023 (February): Tesla laid off dozens of staff at its plant in Buffalo, New York.
7. 2024 (April): Tesla announced it is laying off more than 10% of its global workforce.

 

Every company has layoffs. It doesn’t mean the company is unhealthy at all, it just means they are adapting their workforce to address their needs and to reduce their downside risk.

What you want to avoid is a company that doesn’t make quick changes to address their market realities and waits until that lack of action results in financial damage.

 

How many times has Tesla had to employ more staff?

The difference between employing more and laying off more will give us the net staff.

 

Here ya go:

https://www.macrotrends.net/stocks/c...r-of-employees

 

That's good information. Although annual employee growth has been slower over the last two years, it's still continued to grow steadily YoY

 

On a cheerier note, I drove my wife's 3LR to pick up the kids from aftercare because my Rivian was in the middle of an OTA update. After driving only that and the minivan for so long, I forgot how low to the ground the 3 is. Also, despite being slower than the R1S (my wife doesn't want the acceleration boost), it feels faster because of how the power is delivered and how tight the whole package is. Still not a rattle in her 18 too

 

So last year, Tesla's peak employment of 140k staff is very solid, and even if that falls by 10% this year to 126k, that's still reasonably solid.
Will be interesting to see how Tesla's sales go the next couple of years to see if their luxury EV market continues to rise or tapers off etc.

 

It also means expected growth isn’t what was anticipated or is slowing. My company is the same way, record growth over the last two years which didn’t seem sustainable and when signs of slower growth shows then there will be cuts. In my business it’s not a bad thing, it’s actually normal but the last few years weren’t and we couldn’t hire enough people.

 

Totally, same with my company.

 

That's a HUGE payroll.

They have to be making a lot of stuff in house like Henry Ford did back in the day.

No way they need that many people just for assembly, especially now days with automation.