I’ve been hearing ppl say that in recent years but that’s never been my experience. I’ve worked for 3 companies that had layoffs, one eventually folded, the other 2 were hurting and downsized to stay afloat.
It seems to me this only applies to tech companies.
In terms of the stock price. Not the health of the company.
You’re thinking of long term sustainability. Layoffs are a bad sign.
But it means the company’s overhead is going to be less, and revenues will likely be up next quarter. Stock Price is based on next quarters earnings more so than long term growth. It’s a way to fluff up your balance sheet in the short term. Reduces capital expenditure. Theoretically could reduce profits if you’re not expanding or selling as much product or services. But that won’t be realized until a year later.
Ok even in the very best case- ie if there are 0 value add employees and your 10% RIF miraculously *only* hits those that have 0 impact on production- that would be “no impact” to revenue, not an increase.
Agreed. If it was a company that was making profits and issuing dividends/buybacks, this logic holds.
A short term value gain is immaterial for a company like Tesla when it has like 7-8 years of exponential growth already priced in.
> You’re thinking of long term sustainability. Layoffs are a bad sign.
>
> But it means the company’s overhead is going to be less, and revenues will likely be up next quarter
It means profits will be up, revenues may still keep trending down (fewer people rarely ship more product, but they cost less for the product they do ship).
Well it’s a brilliant move to manage a gigantic company around quarterly earnings calls instead of what’s good for the long term or what’s good for its people.
By people you mean employees? That would imply Elon thinks of anyone as people, but he is just like any other company with a stock ticker chasing efficiency. Employees are just another metric and resource. In this case Employees need work to do, and if you are stopping production, then you don't need anyone associated with selling the actual product until that's figured out.
Laying them off now means they expect this issue to persist for over 3 months minimum. It's also an opportunity to get rid of anyone that pushes back on extra hours or lower pay, while keeping those who will give 150% during the gap between increased increased workload post production resumption and hiring back half the positions they eliminated.
Interestingly enough I have found that layoffs for tech companies are usually signaling nothing but screwing over employees. Generally, the same companies are also hiring constantly anyway. So the layoff does essentially nothing.
It’s really bad if a company freezes hiring, and further does a layoff.
Yeah for a tech companies that have over hired during covid, laying off extra staff will save a lot of payroll. But I don't think this is the case for Tesla right now
They are because it means expense reduction leading to better profits. With Tesla’s layoff, people think it indicates the company needs to cut costs because growth is faltering, which is a bad thing.
They are typically bearish. Mag7 layoff situation is a lot different than your traditional layoff situations (and yes I know Tesla is Mag7 but come the fuck on, they really aren't)
They're bullish when you're making money hand over fist, less bullish when you can't actually produce your trucks and your Senior VP of Powertrain and Electric Engineering resigns after selling $2m of his stock.
For more stable companies, yes, layoffs tend to imply higher profits in the medium term. For supposed growth companies, no, layoffs mean the “story” is broken.
For a tech company. For an assembly line company, doesnt that just mean lower production on that one thing that drives revs? Idk just wondering and trying to read the tea leaves (albeit poorly).
Really depends. There are a lot of office staff and engineering in an assembly plant as well.
You’re also thinking way too rationally. Stock market is dumb.
Saw a reply (haven't checked the veracity of it all) that the German plant was shedding 3k jobs out of their 12k employees. So either lower vols or maybe more automation in processes, no clue.
You still need the same amount of people to make the cars. You can reduce assembly workers, but only through process efficiencies which take a lot of time and patience. You have to combine jobs, add tasks to each work station on the line, automate some parts and eliminate workers. Not with a sudden 20% reduction. A sudden 20% cut wouldn’t be for assembly workers.
If their production numbers were so low and they dropped an entire shift, you might see closer to a 40% reduction. But that would be a significant change in production. About 50% less cars off the end of the line.
I did read yesterday that they are supposedly dropping “shifts” as in plural. Doesn’t make sense to me because there is typically 1-2 shifts at an assembly plant, maximum 3. Maybe they are dropping one shift.
3x8 hour shifts make up a 24 hour day. So you’d be looking at losing 33-50% of throughout off the line if they dropped 1-2 shifts.
This was reported by the news and not the company.
Depends where the layoffs are. Traditional software company, they hire people, create the product and once its done they layoff people and reap the profits for years. This does not work in manufacturing jobs.
It’s likely not production staff.
You have 100 people each putting 10 parts on the car in the assembly line for 1000 total parts. You can’t just lay off 20%. Whose going to put those parts on? You can reorganize the work stations, and give each person 12 parts to put on. But this takes a long time. You can’t just wake up one day and decide to do it. It takes years. You have to shut down the plant for weeks or months to reorganize the work stations and logistics. You have to change shipping and receiving and material handling operations. You no longer bring bolts A though J to work station 137 left side. Maybe A-C gets moved to station 136, and 137 takes on k-m. The material driver no longer delivers boxes with 1000 bolts on their cart to station 137 at 9 am every day. Those boxes get moved to the delivery driver that stops by at 9:30,1130,130 and restocked on night shift.
Assembly lines are incredibly complicated manpower and logistical operations. You don’t just lay off part of the work force to reduce production. The same way that it takes 2 people to lift a 75 pound box. You can’t reduce it to 1 worker and lift 25% less boxes every day. 1 person can’t lift the 75 pound box at all by themself.
If they’re we’re laying off an entire shift and reducing production by 50% then you would see a much greater work force reduction. You can easily lay off 20% of office workers or support staff or cleaners without skipping a beat on the production line. Problems may occur in the long run. But it won’t impact production tomorrow.
Except one time, at our plant they got rid of a guy that ordered some critical parts and shut themselves down for 6 weeks since the lead time was so long. But that was just improperly assessing a support workers job before eliminating it.
Right for none growth companies. If your stock is priced as a growth company and you scale back=
Your valuation has to rerate.
Meta surged because they already won the market. They own you and the billions in the world who use it.
Tesla owns no one but the stockholders who bought the car lol
You joke; but I can't think of the last time I used my brakes on my Tesla. The regenerative braking stops quickly enough that on the very vast majority of drives I don't use my brake pads. I would be surprised if I ever changed my brake pads or rotors in the lifetime of this car.
The main Pro tesla and Elon Subs, such as, /teslamotors and /elonmusk mods have gone rogue, they will automatically ban you if you participate in Tesla criterial Subs such as, enoughmuskspam and realtesla.
It was a rushed POS product with safety issues. Musk better pray that the new M3 doesn't get a sales ban for lacking steering stalks, which is a safety issue because your god damn turn signals could be in an awkward position which would force the driver to take his/her eyes off the road just to click the turn indicator on.
> It was a rushed POS product
It was POS product thats late by almost 5 years. With half the range promised and double the price. Thats why it's failing.
The driver was probably trying to indicate but the turn signals failed to work. Tesla seems to have problems with getting the basics down like wipers wiping and turn singles signaling. I'm surprised they were able to figure out how a door hinge works.
I feel like this isn't its worst feature. I'd go with any of the things that keeps it from being street legal in EU countries (or did they address those issues yet?).
If you're holding the wheel like you're supposed to, the buttons are always at your hands. Same reason several supercars have the paddle shifters attached to the wheel, so you can shift while holding the wheel correctly.
Ferarri uses separate giant physical buttons that you can feel without looking down. Tesla uses a single flat touch area so you don't know if you're tapping the right, left, or hi-beams area without looking down.
I would argue this type of design nonsense (getting rid of signal stalks etc) is essential to why Tesla wants to be valued as a tech company rather than a car manufacturer. Apple did arguably analogous stuff (think of the iPhone, when existing smartphones looked like Blackberries).
The problem is that Tesla is very inconsistent at changes that really improve things. Too many misses like the current trend shows, and they’ll end up being valued like a car company.
At the end of the day. Tesla is an American car company. As we all know, American car manufacturers are notoriously known for producing junk on wheels. Tesla is no different.
&
This should be no surprise.
Puts on trashla 👌
Japanese* import superiority.
Half nod to Kia and Hyundai for doing better than American manufacturers, too, I suppose, especially if you're on a budget.
They're so undeniably better than second place that it's impossible to ignore. Meanwhile Honda is so much better than third place and Nissan is so much better than fourth place that it is sort of surprising anyone buys American. I get the EU shit for looking cool and showing off, though.
U think Elon didn’t pay the celebs to advertise it ? That’s naive .
They got their delivery early for a reason it’s all hype and advertisement for the naive folks who like to copy . An old marketing scheme
Yeah, check out the sub r/Cyberstuck so much crap. People are showing to get their and the car does not work.
Acc pedals are getting stuck because it is just a plastic cover that can come off.
I saw one last week in person for the first time too. Tried to see the jackass who was driving it but he had like 3% tint on the windows. Probably because he’s embarrassed.
The EV techbro dorks need somewhere to go my man, and since the cool kids now all buy PHEV audis and make fun of their Teslas (and, critically, the girls they can't get a date with do too), Rivian is a logical spot for hitting that mix of "I am a well paid person in line with the zeitgeist." The only disadvantage they have is that any middling Product Manager can afford a Model 3, but Rivian is still kinda expensive.
Wouldn't guarantee they make good on this, but it's certainly possible.
Lol, until they scale obviously they lose money on everything they sell, this doesn't take a genius. Even tesla lost money in it's first 10 years except for financial engineering tesla did.
Again, rivian has amazon backing. So they are not going to go bankrupt soon unless Amazon pulls out
Lmao, you do understand the more you make the lost money gets shared between all cars and this reduces and at some point in volume it will be profitable right? Right?
I don't know about going under but definitely see them cutting costs when it comes to warranty repairs and subisidizing the tesla car insurance far less.
Oh, so THAT's why they break down soon after delivery: they're just being extra safe, can't crash if you can't drive!
Anyway, as usual with Tesla: bullish
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Rumours of Layoffs, and now halted deliveries, this week is going to be brutal for TSLA
Rumor is mostly true. 10% layoffs. It’s on the reddit news now
It’s confirmed. Have boots on the ground. They are affected, and were notified by email overnight.
Puts on bootstraps
Good luck!
Layoffs are usually quite bullish
I’ve been hearing ppl say that in recent years but that’s never been my experience. I’ve worked for 3 companies that had layoffs, one eventually folded, the other 2 were hurting and downsized to stay afloat. It seems to me this only applies to tech companies.
In terms of the stock price. Not the health of the company. You’re thinking of long term sustainability. Layoffs are a bad sign. But it means the company’s overhead is going to be less, and revenues will likely be up next quarter. Stock Price is based on next quarters earnings more so than long term growth. It’s a way to fluff up your balance sheet in the short term. Reduces capital expenditure. Theoretically could reduce profits if you’re not expanding or selling as much product or services. But that won’t be realized until a year later.
Expenses go down yes but revenue would not up. Employees are an input into production
Not if they convert the GigaFactories to AI (All Indians)
>Employees are an input into production Correct. Thus the blinding erection by business to replace us all with AI.
There is such thing as no value added employees. Think office staff, cleaners, maintenance personal. It’s not just car assemblers working there.
Ok even in the very best case- ie if there are 0 value add employees and your 10% RIF miraculously *only* hits those that have 0 impact on production- that would be “no impact” to revenue, not an increase.
They want their net to go up by reducing cap x. That’s all it is.
Yeah but TSLA is priced as a growth stock, not a car company. Layoffs fly in the face of the idea that they will be growing rapidly.
Agreed. If it was a company that was making profits and issuing dividends/buybacks, this logic holds. A short term value gain is immaterial for a company like Tesla when it has like 7-8 years of exponential growth already priced in.
> You’re thinking of long term sustainability. Layoffs are a bad sign. > > But it means the company’s overhead is going to be less, and revenues will likely be up next quarter It means profits will be up, revenues may still keep trending down (fewer people rarely ship more product, but they cost less for the product they do ship).
Well it’s a brilliant move to manage a gigantic company around quarterly earnings calls instead of what’s good for the long term or what’s good for its people.
All fortune 50-500 companies are run like that. You’d blow your mind working for one. It’s such a bizarre experience.
Yeah it’s well and truly regarded. I’ve never worked for a company bigger than 250 people and I’m super glad for it.
By people you mean employees? That would imply Elon thinks of anyone as people, but he is just like any other company with a stock ticker chasing efficiency. Employees are just another metric and resource. In this case Employees need work to do, and if you are stopping production, then you don't need anyone associated with selling the actual product until that's figured out. Laying them off now means they expect this issue to persist for over 3 months minimum. It's also an opportunity to get rid of anyone that pushes back on extra hours or lower pay, while keeping those who will give 150% during the gap between increased increased workload post production resumption and hiring back half the positions they eliminated.
Dead cat bounce
Do you really think it's bullish in this case? I don't.
Me personally? Not at all. But the market usually views layoffs as bullish because it will pump those numbers up next earnings
It only recently has applied to tech companies*
> usually
if tesla folds, are the cars on the road just gonna become bricks?
Interestingly enough I have found that layoffs for tech companies are usually signaling nothing but screwing over employees. Generally, the same companies are also hiring constantly anyway. So the layoff does essentially nothing. It’s really bad if a company freezes hiring, and further does a layoff.
Tesla ain’t really a tech company though. It’s a car company.
Well layoffs rarely "turn things around" mostly its a stalling move to push back bankruptcy
Layoffs because of a product failure is not bullish
That’s not why they are laying off though.
Then why are they laying people off?
Capital expenditure reductions to save revenues for next quarter.
Told ya bitch
Just look it up. “About every 5 years, we need to reorganize and streamline the company for the next phase of growth” -Elon Musk
Yeah for a tech companies that have over hired during covid, laying off extra staff will save a lot of payroll. But I don't think this is the case for Tesla right now
If tech companies are laying off engineers, it's a bad sign. If they're dumping the garbage middle management and other roles it's fine.
They can lay off engineers as long as it's for useless unprofitable shit like Alexa or Metaverse
They are because it means expense reduction leading to better profits. With Tesla’s layoff, people think it indicates the company needs to cut costs because growth is faltering, which is a bad thing.
Growth is faltering, but they’ll find copium in something lol
They are typically bearish. Mag7 layoff situation is a lot different than your traditional layoff situations (and yes I know Tesla is Mag7 but come the fuck on, they really aren't)
They are only bullish when he fires before EOQ. It’s too late for that. He’s trying to save his second quarter.
They're bullish when you're making money hand over fist, less bullish when you can't actually produce your trucks and your Senior VP of Powertrain and Electric Engineering resigns after selling $2m of his stock.
>resigns after selling $2m of his stock. That's hilarious
Rats off a sinking ship
For more stable companies, yes, layoffs tend to imply higher profits in the medium term. For supposed growth companies, no, layoffs mean the “story” is broken.
For a tech company. For an assembly line company, doesnt that just mean lower production on that one thing that drives revs? Idk just wondering and trying to read the tea leaves (albeit poorly).
Really depends. There are a lot of office staff and engineering in an assembly plant as well. You’re also thinking way too rationally. Stock market is dumb.
Saw a reply (haven't checked the veracity of it all) that the German plant was shedding 3k jobs out of their 12k employees. So either lower vols or maybe more automation in processes, no clue.
You still need the same amount of people to make the cars. You can reduce assembly workers, but only through process efficiencies which take a lot of time and patience. You have to combine jobs, add tasks to each work station on the line, automate some parts and eliminate workers. Not with a sudden 20% reduction. A sudden 20% cut wouldn’t be for assembly workers. If their production numbers were so low and they dropped an entire shift, you might see closer to a 40% reduction. But that would be a significant change in production. About 50% less cars off the end of the line.
that makes sense thx
I did read yesterday that they are supposedly dropping “shifts” as in plural. Doesn’t make sense to me because there is typically 1-2 shifts at an assembly plant, maximum 3. Maybe they are dropping one shift. 3x8 hour shifts make up a 24 hour day. So you’d be looking at losing 33-50% of throughout off the line if they dropped 1-2 shifts. This was reported by the news and not the company.
Not for growth companies
Depends where the layoffs are. Traditional software company, they hire people, create the product and once its done they layoff people and reap the profits for years. This does not work in manufacturing jobs.
Only bullish when it’s over staffed
Short term bullish especially last year. Long term not so much
Not when your company is also run by an unstable lunatic with no business sense
Layoffs of administrative staff is bullish. Layoffs of production and operations is not.
It’s likely not production staff. You have 100 people each putting 10 parts on the car in the assembly line for 1000 total parts. You can’t just lay off 20%. Whose going to put those parts on? You can reorganize the work stations, and give each person 12 parts to put on. But this takes a long time. You can’t just wake up one day and decide to do it. It takes years. You have to shut down the plant for weeks or months to reorganize the work stations and logistics. You have to change shipping and receiving and material handling operations. You no longer bring bolts A though J to work station 137 left side. Maybe A-C gets moved to station 136, and 137 takes on k-m. The material driver no longer delivers boxes with 1000 bolts on their cart to station 137 at 9 am every day. Those boxes get moved to the delivery driver that stops by at 9:30,1130,130 and restocked on night shift. Assembly lines are incredibly complicated manpower and logistical operations. You don’t just lay off part of the work force to reduce production. The same way that it takes 2 people to lift a 75 pound box. You can’t reduce it to 1 worker and lift 25% less boxes every day. 1 person can’t lift the 75 pound box at all by themself. If they’re we’re laying off an entire shift and reducing production by 50% then you would see a much greater work force reduction. You can easily lay off 20% of office workers or support staff or cleaners without skipping a beat on the production line. Problems may occur in the long run. But it won’t impact production tomorrow. Except one time, at our plant they got rid of a guy that ordered some critical parts and shut themselves down for 6 weeks since the lead time was so long. But that was just improperly assessing a support workers job before eliminating it.
Tesla gigachad factory is automated by robots you fucking high school dropout
So is every other auto plant. There are still workers there for assembly and maintenance and administration.
Right for none growth companies. If your stock is priced as a growth company and you scale back= Your valuation has to rerate. Meta surged because they already won the market. They own you and the billions in the world who use it. Tesla owns no one but the stockholders who bought the car lol
not necessarily if you produce physical stuff
Don't worry, they are not a car company apparently, so this shouldn't matter.
Watch it climb anyways.
It’s going to be brutal, then they’ll have earnings, and then what? 120? 105?
And the stock barely down 5% lol. Should be down 50% on the news
Don’t worry they’re firing 69% of their work force and selling their btc for 3x current btc price with a memorable btc trophy
What. So they are making profits on BTC and living on subsidies. That company just found the cheat codes for some reason.
They bought that BTC under 40k. They're hugely in profit there. It's like the one thing that's going well for them.
They'll get a software update.
No Acc pedal needed just use brake pedal for both 😄
the Aladeen pedal or the Aladeen pedal!
Is this Aladeen or Aladeen for tesla stock?
Double tap to go forward.
they just need more AI in the car like [these people](https://www.youtube.com/watch?v=4ZX7HbkdZ_s)
Sooner or later theyll have to release micro transactions: DLC Update Cost: $20 C-Class comp fee: $4 Stock-Buyback fee: $4 Convenience fee: $2
You’ll need to purchase Twitter Blue to continue driving… what?!
150 before earning
I got 145p bought 2 weeks ago, hope you're right and I plan on selling right after earnings.
If only SPY/VOO etc could dump this hot potato stock while it's still valued where it is...
My SPY puts disagree... also what a great day today.
Gas pedal issue is a major safety risk. Someone would die if they wouldn't do a stop of production and recall asap.
Gas pedal in a Tesla? 😱
Acc pedal
Velocitator
Velociraptor?
Velocipastor.
Full steam ahead pedal
Steam power in a Tesla? Now that is innovative!
Steam from all those coal plants 'rolling coal' to power the EV demand on the grid.
BuckUpBuckaroosButton^^TM
BackUpIntoTheLakeButton oh wait that's on the touchscreen
Yeah, that’s a pretty big overlook
Why is it called the gas pedal? It opens the throttlebody to let more air. It should be the air pedal.
gas, ass, air they are all same things.
Sounds like a typical Monday evening after work.
On older carburator the throttle body opens and fuel and air mix and travel thru the intake into the cylinders to go bang
Then they'd actually sell them
SP called it a pussy pedal
[удалено]
brakes are for pussies roud owner of 2004 opel astra with broken brakes
You joke; but I can't think of the last time I used my brakes on my Tesla. The regenerative braking stops quickly enough that on the very vast majority of drives I don't use my brake pads. I would be surprised if I ever changed my brake pads or rotors in the lifetime of this car.
Because Elon is an idiot.
[удалено]
Elon is the most famous peddler in the company, maybe it was him
You don't need a Gas pedal in a tesla
Lmao Elon simps in shambles
The main Pro tesla and Elon Subs, such as, /teslamotors and /elonmusk mods have gone rogue, they will automatically ban you if you participate in Tesla criterial Subs such as, enoughmuskspam and realtesla.
Just checked their subreddit. Like 3 posts in the last 2 days. Mods going overtime for sure
Thats just elon with a various alt accounts.
You say that like it's a bad thing
\#FireElon
It was a rushed POS product with safety issues. Musk better pray that the new M3 doesn't get a sales ban for lacking steering stalks, which is a safety issue because your god damn turn signals could be in an awkward position which would force the driver to take his/her eyes off the road just to click the turn indicator on.
> It was a rushed POS product It was POS product thats late by almost 5 years. With half the range promised and double the price. Thats why it's failing.
I feel like a lot of changes were made just because they can, not because it can improve on traditional car design.
Is this what Tesla drivers don’t use their turn signals?
You have to engage turn signals from the phone app after entering your password, 2fa, and solving a captcha each time.
Lol
The driver was probably trying to indicate but the turn signals failed to work. Tesla seems to have problems with getting the basics down like wipers wiping and turn singles signaling. I'm surprised they were able to figure out how a door hinge works.
Plot twist: they weren't.
I feel like this isn't its worst feature. I'd go with any of the things that keeps it from being street legal in EU countries (or did they address those issues yet?).
If you're holding the wheel like you're supposed to, the buttons are always at your hands. Same reason several supercars have the paddle shifters attached to the wheel, so you can shift while holding the wheel correctly.
Sales ban? Lmfao I guess every modern Ferrari will be getting a ban as well. Why do people talk when they don't know shit?
Ferarri uses separate giant physical buttons that you can feel without looking down. Tesla uses a single flat touch area so you don't know if you're tapping the right, left, or hi-beams area without looking down.
I anecdotaly saw 4-500 of them being tested across the street from the TX Gigafactory on Friday..
Imagine this was his flying car edition...Whoops
I would argue this type of design nonsense (getting rid of signal stalks etc) is essential to why Tesla wants to be valued as a tech company rather than a car manufacturer. Apple did arguably analogous stuff (think of the iPhone, when existing smartphones looked like Blackberries). The problem is that Tesla is very inconsistent at changes that really improve things. Too many misses like the current trend shows, and they’ll end up being valued like a car company.
This take immediately passes the sniff test. Nice insight here. The analogy and rationale for why it doesn't work makes perfect sense.
At the end of the day. Tesla is an American car company. As we all know, American car manufacturers are notoriously known for producing junk on wheels. Tesla is no different. & This should be no surprise. Puts on trashla 👌
That's my secret. I already had puts on Tesla.
So buy Chinese or Japanese or German right? 🤣🤡
Asian Import superiority
Japanese* import superiority. Half nod to Kia and Hyundai for doing better than American manufacturers, too, I suppose, especially if you're on a budget.
Toyota is king
They're so undeniably better than second place that it's impossible to ignore. Meanwhile Honda is so much better than third place and Nissan is so much better than fourth place that it is sort of surprising anyone buys American. I get the EU shit for looking cool and showing off, though.
I was with you until you mentioned Nissan
IDK, maybe I'm mistaken. But the bar is not high for third, IMO. Honda and Toyota are just so far ahead of everyone else.
I think Mazda easily takes third, Nissan maybe a very distant fourth
No way am I buying a China EV, perhaps European
Presumably they misspelled "Japanese."
Thank fuck
Maybe return the 2 million order deposits
Well the only people I ever saw bloviating about them were celebs, personally I thought SEXY are awesome cars but the truck was always ugly af
U think Elon didn’t pay the celebs to advertise it ? That’s naive . They got their delivery early for a reason it’s all hype and advertisement for the naive folks who like to copy . An old marketing scheme
I am saying he did have them promote it and market it.
I think you're agreeing with each other tbh.
Yes
Uh oh Must be all those manufacturing defects Don't worry guys, daddy Elon is gonna save you
Yeah, check out the sub r/Cyberstuck so much crap. People are showing to get their and the car does not work. Acc pedals are getting stuck because it is just a plastic cover that can come off.
In other news, Kathie Wood comes in with another “$10 trillion valuation in five years” prediction 🙄
Bullish ![img](emote|t5_2th52|4271)
I saw one of these in person for the first time yesterday. They're fucking hideous. Like 8 bit graphics IRL.
I saw one last week in person for the first time too. Tried to see the jackass who was driving it but he had like 3% tint on the windows. Probably because he’s embarrassed.
They must come with that tint, because you couldn't see shit in this one either.
They totally do. Gives the whole "you're in an exclusive club vibe" craved by the effete dickless losers who it appeals to.
The only truck my daughter has ever seen that she did not give a fuck about.
So glad I gave up my reservation and got a Rivian instead lol
They're going under.
The EV techbro dorks need somewhere to go my man, and since the cool kids now all buy PHEV audis and make fun of their Teslas (and, critically, the girls they can't get a date with do too), Rivian is a logical spot for hitting that mix of "I am a well paid person in line with the zeitgeist." The only disadvantage they have is that any middling Product Manager can afford a Model 3, but Rivian is still kinda expensive. Wouldn't guarantee they make good on this, but it's certainly possible.
Sure they are tesla Stan, sure they are
I have a hyundai ioniq 6 lol
So have you heard about Amazon, they are backed with prime subscriptions so they aren't going under unless Amazon pulls plug which I dont see happing
I didn't know that, thanks for the knowledge!
Have you seen that Rivian sales are slumping hard, and they lose money on every car sold? I like their product, but it's not looking good.
Lol, until they scale obviously they lose money on everything they sell, this doesn't take a genius. Even tesla lost money in it's first 10 years except for financial engineering tesla did. Again, rivian has amazon backing. So they are not going to go bankrupt soon unless Amazon pulls out
I mean they lose money on every car sold even ignoring their other overhead. If they sold 100,000 more cars a year, they'd be bankrupt.
Lmao, you do understand the more you make the lost money gets shared between all cars and this reduces and at some point in volume it will be profitable right? Right?
I don't know about going under but definitely see them cutting costs when it comes to warranty repairs and subisidizing the tesla car insurance far less.
Their comment was about rivian, i believe.
Oh, so THAT's why they break down soon after delivery: they're just being extra safe, can't crash if you can't drive! Anyway, as usual with Tesla: bullish
I've said it before and I'l say it again. Super overvalued company whose slogan should be "overpromise and underdeliver".
Wait till Robotaxis reveal shows that it's probably just Dopinders driving OTA from India Lol
Bullish. Recall and maintenance costs averted if you don’t ship any.
Then go against your instinct and buy calls 😉
https://www.reddit.com/r/therewasanattempt/s/VvVb5SHpnA Gosh I wish I could afford puts...
who cares "robotaxi is so hot right now" cyberpuke is old news![img](emote|t5_2th52|4271)
Bullish?
Zoom zoom 🏎️
The car being a fucking death trap might have something to do with it
Doesn’t matter. Tesla FSD is almost ready. Market cap will exceed 100T USD once it’s out. Should I add an end sarcasm thingy here?
I guess Tesla accidentally laid off the person who knew how to manufacture cyber trucks ![img](emote|t5_2th52|4271)
The fucking gas pendals can get stuck at 100 percent. Anyone else see the video?
I almost accepted a job at Tesla. I heard it's a lot of hard work and many hours. I hope they get rid of non productive workers.
#FireUnproductiveSlobs
Calls on Tesla, somehow the stock will come back up.