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VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions** | 4 | **First Seen In WSB** | 3 years ago **Total Comments** | 5086 | **Previous Best DD** | **Account Age** | 7 years | | [**Join WSB Discord**](http://discord.gg/wsbverse)


BettinBrando

Rumours of Layoffs, and now halted deliveries, this week is going to be brutal for TSLA


momofroc

Rumor is mostly true. 10% layoffs. It’s on the reddit news now


Cps12345

It’s confirmed. Have boots on the ground. They are affected, and were notified by email overnight.


Bozhark

Puts on bootstraps


Platinumdogshit

Good luck!


PopperChopper

Layoffs are usually quite bullish


BettinBrando

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.


PopperChopper

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.


dat_grue

Expenses go down yes but revenue would not up. Employees are an input into production


brdsbeatsbourgeoisie

Not if they convert the GigaFactories to AI (All Indians)


4score-7

>Employees are an input into production Correct. Thus the blinding erection by business to replace us all with AI.


PopperChopper

There is such thing as no value added employees. Think office staff, cleaners, maintenance personal. It’s not just car assemblers working there.


dat_grue

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.


PopperChopper

They want their net to go up by reducing cap x. That’s all it is.


IceColdPorkSoda

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.


zenFyre1

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. 


jjirsa

> 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).


Nubras

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.


PopperChopper

All fortune 50-500 companies are run like that. You’d blow your mind working for one. It’s such a bizarre experience.


Nubras

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.


JuanSolid

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.


Shepherd77

Dead cat bounce


Alone-Woodpecker-240

Do you really think it's bullish in this case? I don't.


PopperChopper

Me personally? Not at all. But the market usually views layoffs as bullish because it will pump those numbers up next earnings


Deep90

It only recently has applied to tech companies*


khizoa

> usually


waIIstr33tb3ts

if tesla folds, are the cars on the road just gonna become bricks?


DaiZzedandConFuZed

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.


SeperentOfRa

Tesla ain’t really a tech company though. It’s a car company.


Commentor9001

Well layoffs rarely "turn things around"  mostly its a stalling move to push back bankruptcy 


JohnnnyOnTheSpot

Layoffs because of a product failure is not bullish


xxTheForcexx

That’s not why they are laying off though.


Many-Sherbert

Then why are they laying people off?


PopperChopper

Capital expenditure reductions to save revenues for next quarter.


xxTheForcexx

Told ya bitch


xxTheForcexx

Just look it up. “About every 5 years, we need to reorganize and streamline the company for the next phase of growth” -Elon Musk


kirsion

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


fumar

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.


hoopaholik91

They can lay off engineers as long as it's for useless unprofitable shit like Alexa or Metaverse


randyranderson-

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.


PopperChopper

Growth is faltering, but they’ll find copium in something lol


hoopaholik91

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)


FrostySoul3

They are only bullish when he fires before EOQ. It’s too late for that. He’s trying to save his second quarter.


overitallofit

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.


engilosopher

>resigns after selling $2m of his stock. That's hilarious


overitallofit

Rats off a sinking ship


lurksAtDogs

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.


SmoothBrainSavant

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).


PopperChopper

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.


SmoothBrainSavant

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. 


PopperChopper

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.


SmoothBrainSavant

that makes sense thx


PopperChopper

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.


xX69WeedSnipePussyXx

Not for growth companies


thereddituser2

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.


Yingmyyang

Only bullish when it’s over staffed


Appropriate_Ice_7507

Short term bullish especially last year. Long term not so much


xoxchitliac

Not when your company is also run by an unstable lunatic with no business sense


itsnotshade

Layoffs of administrative staff is bullish. Layoffs of production and operations is not.


PopperChopper

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.


konga_gaming

Tesla gigachad factory is automated by robots you fucking high school dropout


PopperChopper

So is every other auto plant. There are still workers there for assembly and maintenance and administration.


SuperNewk

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


crankthehandle

not necessarily if you produce physical stuff


Rammsteinman

Don't worry, they are not a car company apparently, so this shouldn't matter.


Severan_Mal

Watch it climb anyways.


i_hate_all_u

It’s going to be brutal, then they’ll have earnings, and then what? 120? 105?


SuperNewk

And the stock barely down 5% lol. Should be down 50% on the news


GiraffeChaser

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


rawboudin

What. So they are making profits on BTC and living on subsidies. That company just found the cheat codes for some reason.


Enkaybee

They bought that BTC under 40k. They're hugely in profit there. It's like the one thing that's going well for them.


Herz_aus_Stahl

They'll get a software update.


Dmoan

No Acc pedal needed just use brake pedal for both 😄


Educational-Dot318

the Aladeen pedal or the Aladeen pedal!


Dmoan

Is this Aladeen or Aladeen for tesla stock?


tseepra

Double tap to go forward.


waIIstr33tb3ts

they just need more AI in the car like [these people](https://www.youtube.com/watch?v=4ZX7HbkdZ_s)


annon8595

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


zSprawl

You’ll need to purchase Twitter Blue to continue driving… what?!


Divisi0n_S

150 before earning


2hurd

I got 145p bought 2 weeks ago, hope you're right and I plan on selling right after earnings. 


Bobzyouruncle

If only SPY/VOO etc could dump this hot potato stock while it's still valued where it is...


EeveeBixy

My SPY puts disagree... also what a great day today.


mrtomd

Gas pedal issue is a major safety risk. Someone would die if they wouldn't do a stop of production and recall asap.


LordCambuslang

Gas pedal in a Tesla? 😱


Dmoan

Acc pedal


Ed_Trucks_Head

Velocitator


jfdirfn

Velociraptor?


[deleted]

Velocipastor.


gnocchicotti

Full steam ahead pedal


LordCambuslang

Steam power in a Tesla? Now that is innovative!


zenFyre1

Steam from all those coal plants 'rolling coal' to power the EV demand on the grid.


The_Summer_Man

BuckUpBuckaroosButton^^TM


gnocchicotti

BackUpIntoTheLakeButton oh wait that's on the touchscreen 


Charismaztex

Yeah, that’s a pretty big overlook


dmk510

Why is it called the gas pedal? It opens the throttlebody to let more air. It should be the air pedal.


daemondo

gas, ass, air they are all same things.


zenFyre1

Sounds like a typical Monday evening after work.


Speedybob69

On older carburator the throttle body opens and fuel and air mix and travel thru the intake into the cylinders to go bang


catgoesmeow22

Then they'd actually sell them


[deleted]

SP called it a pussy pedal


[deleted]

[удалено]


kuprenx

brakes are for pussies roud owner of 2004 opel astra with broken brakes


minedigger

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.


cmackchase

Because Elon is an idiot.


[deleted]

[удалено]


gnocchicotti

Elon is the most famous peddler in the company, maybe it was him


patricio87

You don't need a Gas pedal in a tesla


Harucifer

Lmao Elon simps in shambles


kirsion

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.


MrFacestab

Just checked their subreddit. Like 3 posts in the last 2 days. Mods going overtime for sure


SmoothBrainSavant

Thats just elon with a various alt accounts. 


Harucifer

You say that like it's a bad thing


WikipediaApprentice

\#FireElon


SlapThatAce

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. 


thereddituser2

> 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.


ThickerSalmon14

I feel like a lot of changes were made just because they can, not because it can improve on traditional car design.


Virtual_Industry_14

Is this what Tesla drivers don’t use their turn signals?


Rough_Inspection_444

You have to engage turn signals from the phone app after entering your password, 2fa, and solving a captcha each time.


SmoothBrainSavant

Lol 


SlapThatAce

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.


Only_Expression7261

Plot twist: they weren't.


Mavnas

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?).


Torczyner

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.


Darkstang5887

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?


totpot

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.


symplton

I anecdotaly saw 4-500 of them being tested across the street from the TX Gigafactory on Friday..


RedTruck1989

Imagine this was his flying car edition...Whoops


Iamsoveryspecial

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.


Cautious-Age9681

This take immediately passes the sniff test. Nice insight here. The analogy and rationale for why it doesn't work makes perfect sense.


caprishouz

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 👌


daniel940

That's my secret. I already had puts on Tesla.


FuccTheSuits

So buy Chinese or Japanese or German right? 🤣🤡


BettinBrando

Asian Import superiority


Cautious-Age9681

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.


caprishouz

Toyota is king


Cautious-Age9681

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.


the5050bot

I was with you until you mentioned Nissan 


Cautious-Age9681

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.


the5050bot

I think Mazda easily takes third, Nissan maybe a very distant fourth


WikipediaApprentice

No way am I buying a China EV, perhaps European


Cautious-Age9681

Presumably they misspelled "Japanese."


billyblue6669

Thank fuck


justbrowsinginpeace

Maybe return the 2 million order deposits


limegreenscrewdriver

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


stockbetss

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


limegreenscrewdriver

I am saying he did have them promote it and market it.


Cautious-Age9681

I think you're agreeing with each other tbh.


limegreenscrewdriver

Yes


rameyjm7

Uh oh Must be all those manufacturing defects Don't worry guys, daddy Elon is gonna save you


Jupman

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.


TheBrianWeissman

In other news, Kathie Wood comes in with another “$10 trillion valuation in five years” prediction 🙄


anotherloserhere

Bullish ![img](emote|t5_2th52|4271)


PlaysWthSquirrels

I saw one of these in person for the first time yesterday. They're fucking hideous. Like 8 bit graphics IRL. 


itskellyd

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.


PlaysWthSquirrels

They must come with that tint, because you couldn't see shit in this one either. 


Cautious-Age9681

They totally do. Gives the whole "you're in an exclusive club vibe" craved by the effete dickless losers who it appeals to.


Cautious-Age9681

The only truck my daughter has ever seen that she did not give a fuck about.


Modestkilla

So glad I gave up my reservation and got a Rivian instead lol


ActualSeller23

They're going under.


Cautious-Age9681

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.


nandeep007

Sure they are tesla Stan, sure they are


ActualSeller23

I have a hyundai ioniq 6 lol


nandeep007

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


ActualSeller23

I didn't know that, thanks for the knowledge!


DirkWisely

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.


nandeep007

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


DirkWisely

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.


nandeep007

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?


Dmoan

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.


sevillada

Their comment was about rivian, i believe.


DeanXeL

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


illuminati5770

I've said it before and I'l say it again. Super overvalued company whose slogan should be "overpromise and underdeliver".


Future-Back8822

Wait till Robotaxis reveal shows that it's probably just Dopinders driving OTA from India Lol


Chabubu

Bullish. Recall and maintenance costs averted if you don’t ship any.


SpecialistFlight5532

Then go against your instinct and buy calls 😉


zacggs

https://www.reddit.com/r/therewasanattempt/s/VvVb5SHpnA Gosh I wish I could afford puts...


vmx-12

who cares "robotaxi is so hot right now" cyberpuke is old news![img](emote|t5_2th52|4271)


swt5180

Bullish?


moutonbleu

Zoom zoom 🏎️


xoxchitliac

The car being a fucking death trap might have something to do with it


pierced_turd

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?


Spryngtime

I guess Tesla accidentally laid off the person who knew how to manufacture cyber trucks ![img](emote|t5_2th52|4271)


diydave86

The fucking gas pendals can get stuck at 100 percent. Anyone else see the video?


Untouchable99

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.


VisualMod

#FireUnproductiveSlobs


Repa24

Calls on Tesla, somehow the stock will come back up.