{"id":67935,"date":"2024-05-08T12:26:07","date_gmt":"2024-05-08T17:26:07","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67935"},"modified":"2024-05-08T12:26:07","modified_gmt":"2024-05-08T17:26:07","slug":"another-round-of-mass-firings-at-tesla-sales-must-be-imploding","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67935","title":{"rendered":"Another Round of Mass Firings at Tesla, Sales Must Be Imploding"},"content":{"rendered":"<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<h3 class=\"alignwide wp-block-post-title has-gigantic-font-size\"><a href=\"https:\/\/mishtalk.com\/economics\/another-round-of-mass-firings-at-tesla-sales-must-be-imploding\/\">Another Round of Mass Firings at Tesla, Sales Must Be Imploding<\/a><\/h3>\n<\/div>\n<\/div>\n<div class=\"wp-block-columns alignwide are-vertically-aligned-top is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"entry-content wp-block-post-content is-layout-flow wp-block-post-content-is-layout-flow\">\n<p>Tesla announced yet another round of layoffs today. News came in the typical way, an email starting \u201cHello Employee\u201d. It seems \u201cHello Ex-Employee\u201d would be more fitting.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-65989\" src=\"https:\/\/i0.wp.com\/mishtalk.com\/wp-content\/uploads\/2024\/05\/Dear-Ex-Employee.png?resize=815%2C464&amp;quality=80&amp;ssl=1\" sizes=\"auto, (max-width: 815px) 100vw, 815px\" srcset=\"https:\/\/i0.wp.com\/mishtalk.com\/wp-content\/uploads\/2024\/05\/Dear-Ex-Employee.png?w=815&amp;quality=80&amp;ssl=1 815w, https:\/\/i0.wp.com\/mishtalk.com\/wp-content\/uploads\/2024\/05\/Dear-Ex-Employee.png?resize=300%2C171&amp;quality=80&amp;ssl=1 300w, https:\/\/i0.wp.com\/mishtalk.com\/wp-content\/uploads\/2024\/05\/Dear-Ex-Employee.png?resize=768%2C437&amp;quality=80&amp;ssl=1 768w\" alt=\"\" width=\"815\" height=\"464\" data-recalc-dims=\"1\" \/><\/figure>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=true&amp;embedId=twitter-widget-0&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1787446805438906767&amp;lang=en&amp;origin=https%3A%2F%2Fmishtalk.com%2Feconomics%2Fanother-round-of-mass-firings-at-tesla-sales-must-be-imploding%2F&amp;sessionId=66e29f15ea9a916399648ebebdc61bc7ef64bd11&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=500px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1787446805438906767\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p><strong>Another 10,000 Employees<\/strong><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-1\" class=\"\" title=\"X Post\" 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frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1787295515853427151\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>Don\u2019t worry, it\u2019s just another 10,000 employees.<\/p>\n<p><strong>Almost Like Vaporware<\/strong><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-2\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=true&amp;embedId=twitter-widget-2&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1787309552892846462&amp;lang=en&amp;origin=https%3A%2F%2Fmishtalk.com%2Feconomics%2Fanother-round-of-mass-firings-at-tesla-sales-must-be-imploding%2F&amp;sessionId=66e29f15ea9a916399648ebebdc61bc7ef64bd11&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=500px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1787309552892846462\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>Clearly this is 4-D chess \u2026 in an attempt to hide the vaporware.<\/p>\n<p><strong>Cash Constraints<\/strong><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-3\" class=\"\" title=\"X Post\" 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frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1787323293026120065\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>&nbsp;<\/p>\n<p>It think it\u2019s order constraints. Orders are crashing.<\/p>\n<div id=\"ic_d_3x8_1\"><\/div>\n<p><strong>Question of the Day: 10% or 20%?<\/strong><\/p>\n<p>Electrek reports\u00a0<a href=\"https:\/\/electrek.co\/2024\/05\/06\/tesla-tsla-launches-another-round-layoffs\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tesla (TSLA) launches another round of layoffs<\/a><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Three weeks ago, Tesla started a significant wave of layoffs. The automaker announced it was laying off about 10% of its workforce.\u00a0However, we reported prior to the announcement that the layoffs could be closer to 20% of the workforce once everything is said and done.<\/p>\n<p>Sure enough,\u00a0<a href=\"https:\/\/electrek.co\/2024\/04\/29\/tesla-conducting-more-layoffs-including-entire-supercharger-team\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Tesla had another significant wave of layoffs last week<\/a>.Now, we hear of yet another round of layoffs at Tesla.Several sources familiar with the matter told\u00a0<em>Electrek<\/em>\u00a0that workers across several departments, including software, service, and engineering, have received the dreaded \u201cemployment level\u201d email between Friday and Sunday.<\/p>\n<p>&nbsp;<\/p>\n<p>The layoffs were expected after\u00a0<em>CEO Elon Musk made an example of Rebecca Tinucci, Tesla\u2019s former head of charging, and her entire team by firing everyone last week. After the move,\u00a0<a href=\"https:\/\/electrek.co\/2024\/05\/01\/elon-musk-throwing-weight-tesla-wrecking-ball\/\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">he emailed other executives<\/a>\u00a0and told them that they would also be let go if they don\u2019t let go higher percentages of their teams.<\/em><\/p><\/blockquote>\n<p><strong>Balls to the Walls for Autonomous Driving<\/strong><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-4\" class=\"\" title=\"X Post\" 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frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1780376546148327690\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>\u201cNot quite betting the company, but going balls to the wall for autonomy is a blindingly obvious move.\u201d<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-5\" class=\"\" title=\"X Post\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=true&amp;embedId=twitter-widget-5&amp;features=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%3D%3D&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1780603338746442182&amp;lang=en&amp;origin=https%3A%2F%2Fmishtalk.com%2Feconomics%2Fanother-round-of-mass-firings-at-tesla-sales-must-be-imploding%2F&amp;sessionId=66e29f15ea9a916399648ebebdc61bc7ef64bd11&amp;theme=light&amp;widgetsVersion=2615f7e52b7e0%3A1702314776716&amp;width=500px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1780603338746442182\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<\/div>\n<\/figure>\n<p>That\u2019s an admission Tesla will give up on the entry-level market after promising for decades he would make one.<\/p>\n<p><strong>Preparation for Growth<\/strong><\/p>\n<p>On April 15, I noted<strong><a href=\"https:\/\/mishtalk.com\/economics\/elon-musk-fires-10-percent-of-tesla-workforce-prepares-for-next-phase-of-growth\/\" target=\"_blank\" rel=\"noopener\">\u00a0Elon Musk Fires 10 Percent of Tesla Workforce, Prepares for \u201cNext Phase of Growth\u201d<\/a><\/strong><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Preparing for Growth<\/p><\/blockquote>\n<p>&#8230;click on the above<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Another Round of Mass Firings at Tesla, Sales Must Be Imploding Tesla announced yet another round of layoffs today. News came in the typical way, an email starting \u201cHello Employee\u201d. It seems \u201cHello Ex-Employee\u201d would be more fitting. Another 10,000 Employees Don\u2019t worry, it\u2019s just another 10,000 employees. Almost Like Vaporware Clearly this is 4-D [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13275,16000,2660,14648,13390,5094],"class_list":["post-67935","post","type-post","status-publish","format-standard","hentry","category-economics","tag-electric-vehicles","tag-evs","tag-layoffs","tag-michael-shedlock","tag-mishtalk","tag-tesla"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=67935"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67935\/revisions"}],"predecessor-version":[{"id":67936,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/67935\/revisions\/67936"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=67935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=67935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=67935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}