BannedByTMC

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May cause a dip but they've done this a few times in the past, Elon thinks regular staffing cuts are needed to avoid bloat, he's probably correct.

Elon:

Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.

As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.

I would like to thank everyone who is departing Tesla for their hard work over the years. I'm deeply grateful for your many contributions to our mission and we wish you well in your future opportunities. It is very difficult to say goodbye.

For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Thanks,

Elon
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Alpine

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They need to do something! Stock is down 35% from beginning of year.

They say tesla is an AI, robotics, energy storage company that happens to build cars. When the vast majority of revenue is from making cars, perhaps it's a car company until it can prove it's other segments
 

g7bupw9z

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May cause a dip but they've done this a few times in the past, Elon thinks regular staffing cuts are needed to avoid bloat, he's probably correct.

Elon:

Over the years, we have grown rapidly with multiple factories scaling around the globe. With this rapid growth there has been duplication of roles and job functions in certain areas. As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity.

As part of this effort, we have done a thorough review of the organization and made the difficult decision to reduce our headcount by more than 10% globally. There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth phase cycle.

I would like to thank everyone who is departing Tesla for their hard work over the years. I'm deeply grateful for your many contributions to our mission and we wish you well in your future opportunities. It is very difficult to say goodbye.

For those remaining, I would like to thank you in advance for the difficult job that remains ahead. We are developing some of the most revolutionary technologies in auto, energy and artificial intelligence. As we prepare the company for the next phase of growth, your resolve will make a huge difference in getting us there.

Thanks,

Elon
I understand this is a difficult message for Tesla owners to hear. Job cuts are always painful, both for those who must depart and for those who remain. However, Elon's message demonstrates necessary pragmatism as Tesla prepares for its next phase of growth.

While job losses are never easy, Elon is striking a balance - acknowledging the pain, thanking those impacted, but also being clear-eyed about business realities. As fellow Cybertruck owners, we can appreciate the need for Tesla to make tough decisions to position itself for continued innovation and growth.

The Cybertruck dream lives on, and I'm confident Tesla will emerge stronger as it pushes towards that next phase. Together, we'll keep the faith and look forward to the day we're all cruising in our futuristic electric trucks.
 


TwilightHan

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I work in a large tech company that won’t cull the bottom 10% or get rid of redundant teams and organizations. It’s a drain on moral and innovation with passive aggressive conflicts and empire building. It’s a sickness upon the company and it prevents anything good from happening.
 


Startreknerd

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They need to do something! Stock is down 35% from beginning of year.

They say tesla is an AI, robotics, energy storage company that happens to build cars. When the vast majority of revenue is from making cars, perhaps it's a car company until it can prove it's other segments
They call Google and Facebook technology companies when most sales come from ads.

In fact a higher percentage in those two come from ads (think 99%) than vehicles at Tesla (~93%).

(TSLA 2023 Total Revenue ~$96.7B vs ~$6B solar and storage.)
 

Beyond

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I don't like this if true:

Drew Baglino, Senior VP of Powertrain and Energy, and Rohan Patel, VP of Public Policy have both reportedly resigned.
While Tesla does employee evaluations and culling every year I was surprised to see these 2 guys leave. Hopefully Tesla has good replacements and also wish these guys the best in their new endeavors.
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