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Is this different to the 2017 700 job cuts, or the 2018 9% job cuts, or the 2019 7% job cuts, or the 2022 10% job cuts?

• gorbachev 3y ago
  With that context, it feels like layoff at Tesla aren't all that difficult decisions, despite what Elon Mush said about the layoffs.
  • mavhc 3y ago
    Well, you always have to say that, "I care about my employees, they're real people, with real feelings". Picking which ones to get rid of is the difficult decision though
• 1970-01-01 3y ago
  Not really. Tesla forecast 2024 would be a globally bad year for all EV markets, and that's including their EV sales. Everything they predicted seems to be inline with what is happening.
• thecupisblue 3y ago
  Yes - the context is different. Current context is low sales, lower margins, lots of competition, falling stock price. In 2018, it was restructuring. In 2019, it was "profitability cuts". In 2022, it was "elon has bad vibes about economy". Now, in 2024, Tesla is 1.5x the employee size than in 2022, but does 2x the employees cut, after failing to reach targets and amid high market pressure. Do the math.
• r00fus 3y ago
  It's about Tesla stock being dinged recently for missing expectations. If things go as I expect, Tesla will need to restate or miss their 2nd quarter also. This will move Tesla from being a "tech stock" (value = high multiple of earnings) to a "car stock" (much lower multiples). This, in turn, impacts Elon's securitization of Twitter. It might also impact his hold on Tesla as well. Also aligns with overall anti-EV push by big-oil.