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If anyone still has Tesla stock it's probably a good time to sell.
Anyone who has a 401k likely has Tesla stock, unfortunately.
If anyone still owns a Tesla it’s probably a good time to sell it.
...as parts.
Looks like they arent paying their workers for the time either. Sounds like things are going really well there. I wonder if the workers who fall below 32 hours per week will get their full time benefits (like health care) cut. I'd bet yes.
I'm predicting the breaking news story for June 2nd is they find out they're fired.
Happened to me there, though not as long. Friday, they told everyone on the line I worked on (S) most of us were being let go, but a few of us (myself included) were told we were staying. Fast-forward to Monday, they called me while half-way to work (this was in Fremont and I live in the central valley, so it was a 2 hour drive without traffic; which is never going to happen on the Altamonte) to say they actually let everyone go.
That really sucks. I'm not sorry for Tesla, but I'm sorry for the workers caught up in the shit show.
So an indefinite furlough… got it.
This is just how Musk makes an organization “efficient”.
Cut to tomorrow's video of him carrying out their staff lockers to sell on Facebook Marketplace for $45
Well yeah, I mean without the whole embezzlement of personal data from various departments thing. Hes already got that.
The workers, who are paid hourly, were told they could either take paid time off or come in for cleaning and training but would not be working on the production line.
I mean, you'd be stupid to not come in, right? Who wants an involuntary unpaid vacation?
I've done it before. When we were working 64 hour weeks? Fuck yeah I'm taking that time off. It also said they could use PTO. The thing is, everywhere I've ever worked, there was never just "one week" of it off. It's like one week every 4-6 weeks as it's slowing down. Hell, I'm on one now. It's basically to avoid layoffs and losing experienced workers.
Also, when you get a week off like that, it's considered a layoff. So you can apply for unemployment for that time. If you keep calling in and reporting your working hours during the time that you're back, you don't have to refile for the next time it happens. Which will happen again in a couple weeks/months. The weird thing to me is that this is being reported on. It happens all the time, it could be for inventory adjustment, or because they're having problems procuring parts due to tariffs. Or retooling/maintenance.
My point is, this doesn't mean a whole lot as of yet. If it happens several more times over the coming months, then that means something. Especially since the stock isn't going down like it was.
Tesla told Austin workers on its Model Y and Cybertruck lines to stay home for the week of Memorial Day, three workers told Business Insider.
Setting aside the Musk/Trump shennanigans and their impact on the Tesla brand as a whole, though...they're also talking about the Cybertruck.
I can believe that maybe they keep demand for the Model Y at a sustained long-term level, but I have a hard time believing that the Cybertruck is going to take off. I mean, if there's enough commonality across lines, then maybe they can use the Cybertruck workers elsewhere, but I just don't think that the Cybertruck is going to become a big success.
Like, at some point, they gotta cut their losses on that thing.
https://www.the-independent.com/news/world/americas/tesla-cybertruck-sales-musk-b2746688.html
Tesla Cybertruck sales underperformed in Q1, dropping more than 50 percent compared to sales in Q4 of 2024, reflecting a larger theme for the electric vehicle maker, which has faced market volatility and decreasing sales as its CEO has taken a role in the Trump administration.
In the last quarter, Tesla sold roughly 6,400 Cybertrucks – more than double the number from the same time last year but significantly fewer than the 12,900 sold in the final quarter of 2024, according to research firm Cox Automotive.
It’s the second consecutive quarter Tesla has seen a dip in Cybertruck sales. Sales peaked during Q3 of 2024 with roughly 16,600 sold.
The Cybertruck was introduced to the electric vehicle market in 2023, and at the time, Musk touted that more than one million people had paid a $100 refundable deposit to reserve one.
It also dropped production targets for several Cybertruck lines over the last few months, workers familiar with the matter told Business Insider. Production lines have reportedly also been thinned out; now, some are said to be working at a fraction of their previous capacity.
None of that surprises me. The cyber truck is a flop so it makes sense to "inventory adjust" a week for them. And you can likely expect that trend to continue. Nice of them to give time off for their workers to enjoy the spring weather, right? 😉
The model Y just got a facelift, though. And whenever that happens, there are hiccups. That being said, you would think production would be going full bore for it from generated excitement from the refresh.They could have found a flaw that stopped production while they fix the issue, or it could be that the excitement that they expected isn't there. Knowing Tesla, it's likely both.
Didn't Trump's tariffs remove the unfair advantage of foreign cars so now superior US-made cars dominate the free market because they're the best?
And Tesla's cars, with their Full Self Driving™ technology are literally 20 years ahead of the competition, so why aren't people buying them??
I don't understand!
I think the answer is over there somewhere.
Now THAT is how much power musk has! Destroying a huge ev brand with only one arm gesture! /s
Don't forget the robust repair network Tesla provides.
And their amazing price to value!
Tesla is competing with itself. 😄
Tesla must Unionize!
One of the reasons they moved to Texas was to prevent that.
Why? Are Texans stupid?
Because there's a regulatory environment there that is deeply hostile to unions.
"Hey Patrick, What am I now?"
"Uh Stupid?"
"No, I'm Texas!"
This SpongeBob joke has lived rent free in my head since I was a literal toddler.
They elect stupid people. Also shitty people. Their labor laws are horribly anti-worker/very pro- company.
Why? There really isn't a path to profitability now. The brand is dead internationally and domestically.
Yeah, but Musk hates unions. The swedes are making a big point out of unionizing.
A sign of strong and healthy demand
The end is near.
Think of all the lives that will be spared because Leon never got the chance to implement his shitty FSD that he kept dangling in everyone's faces
Well shit, I pretty much forgot about them during all of this.
Are they not quitting in mass yet?
The job market in Austin is shit right now. Anybody with a soul at Tesla likely can't afford to go job-hunting right now.
It sounds like they may not have a choice in that matter soon enough.