Tesla (TSLA) is set to lay off more than 10% of its global workforce, according to a report from Electrek citing an internal email from CEO Elon Musk. Musk writes the layoffs will set Tesla up to “be lean, innovative and hungry for the next growth phase cycle.”
Yahoo Finance Reporter Pras Subramanian joins the Morning Brief to discuss the details of the announcement and Tesla’s Q1 report.
#youtube #tesla #stockmarket
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Wow 10 % Lays off, then it means TSLA has lost 10% of its business and therefore should lose at 10 % of its value.
It’s not all equal.
it could also be 10% jobs are taken by robot.
Beep boop beep 🤖
Yeah right
@@doctorjay1976 …boppity boop.
It’s about time Tesla comes back down to earth. It’s a CAR company, not a tech company.
if it’s both does it still make a profit on both sectors??
💸 💰 🤑 💲
🤦♂
@@channelsold3236its bs fsd is a scam
Yep. and that puts it about 25 bucks a share
Wrong, it’s a tech company that is using its cars to mine data.
EVs are too expensive for most people. Most sales are business lease contracts/fleet sales. And these sales are dropping like a stone…
Thats because our crappy government doesnt wanna let us buy Chinese EVs
@@manofthepeople2165 because they spy on us
@@manofthepeople2165 Which government is that? Outside of Asia most chinese EVs are about the same price (or maybe a bit lower), than for example Tesla. Except maybe for some entry models, but people want enough range, so the price is more or less equal.
@@stefan2796 the Biden regime. Google Chinese cheap EV and click on the first article by VOX literally titled “Why is Biden blocking the cheapest, most popular EVs in the world?”
…the problem you have is that neither western Europe’s nor the US nor the Japan has a chance against China … that’s why at your place they rev up the prices because they think they can stop the Chinese BEV industry … while China helps other countries to thrive and gets the reward of new markets for that.
LOL, Tesla has a supply problem, not a demand problem. Look at the demand for Cybertrucks, for example…. Also, their robots will start replacing employees.
😂
You mean that dude that was in the spandex dancing around years ago?
I can’t afford a tesla
When you finally can, buy one.
@@MrNiceGuy485 Why though?
@@CpttCanada ask yourself why not
Cause its still not efficient, a lot of people want to go green, but people put efficiency first. An average Joe would buy a cheaper longer distance diesel car than an expensive shorter distance ev @@MrNiceGuy485
@@MrNiceGuy485cause ev is still not convenient. An average Joe would buy a cheaper longer distanced diesel car than short ranged more expensive ev
Tesla is circling the drain. They are following in the footsteps of BlackBerry.
Musk destroyed Twitter and Tesla. He’s winning just like Trump “wins”.
Elon can afford to get that pure stuff by the pound…
Hey, what are we talkn bout now..?
This isn’t surprising, there are a lot of layoffs across the EV space. EV demand just isn’t there.
when they build cars that look like little tikes for kids.
Tesla is not an actual vehicle, at least not yet.
Microsoft laid off 16k employees last year. Meta laid off 13% of its workforce last year. Google laid off 12k employees last year. So if tesla laying people off because of demand issue, then microsoft, meta and google must have laid people off because not enough people were using google chrome or buying office 365 or using instagram, right? That means the technology demand is falling off right? I guess people don’t want technology anymore! LMAO
They messed up and didn’t lay off the one employee they should have
You can’t say that! You can’t talk like that! (Liberal Tesla owner)😂
Imagine when gas’s prices drop when Trump wins. Musk will be giving those horrid things away.
i’m surprised i haven’t seen news about a former employee dumping paint or gasoline all over the production floor or in elon’s office.
Looking at this, not so long after the long and troubled release of their “truck”….looking forward I wouldn’t be surprised to see the truck have a very short production life. No telling how many dollars of company resources have been thrown at that vehicle. Now that’s a (real-genuine) number I’d like to see.
Maybe “analysts” and fans will now look at Tesla Automotive for what it is – just another OEM vehicle manufacturer/corporation with just another American CEO. Musk’s “cult of personality” (imo) had reached and exceeded that of the late Steve Jobs (RIP). All way out of proportion.
they’ll bring in border-crossers to work for peanuts without benefits.
I believe the stock price will rise again next week
Elon too cocky. BYD is going to kill Tesla. Tesla can’t compete in China because BYD is 1/2 the price of Tesla and North Americans are not into EVs. There are too many little glitches with Tesla that’s pissing owners off.
MAGA Elon 😂😂
Next growth cycle? cyber trucks rusting?
10% is just cutting the fat. Times were good and they could spread the wealth…Brandon changed that
Elon running all his businesses into the ground – Trump 2.0. Telsa boosted by pre-orders, which are essentially interest-free loans, now everyone is canceling their orders. I guess all the ‘wokes’ Elon keeps bashing are speaking with their wallet. That reporter said that demand was “off the hook” LOL
Remember when Texas crowed about stealing Tesla from California? ROTFL Yeah, we couldn’t wait to get rid of that loser. Hopefully he will move X to Texas also!
I was never interested in one. No EV for me
I guess they are not getting these coltan in Congo 🇨🇩
Getting a beater car , not EV, too expensive.
He should hire the most A.I.s he can since major layoffs are happening is his 🗑️ making center called Tesla 🤣🤣
🐍 Oil salesman ran out of tricks but I’ll bet he’ll beg for government money he’s the “richest man on 🌎”
Not woke, still broke ?
😂😂
St Elon of Grift did what he always does and the sheep are surprised?
I never understood why people wanted to work for Tesla so much. They treat their employees as disposable cogs. They sent email layoff notices at midnight on Sunday. Those who didn’t read them early Monday went through the humiliation of being escorted out of line and into transport vans in front of their colleagues. Never be loyal. Change jobs for better pay when opportunities arise. Managers and Senior Execs lie and do not care about you.
Tesla is the best car company ever! No gas stations, No oil changes, No smog check, No corrupt dealership, No catalytic converter and as fast as a $650,000 Lamborghini.!
If they replace Elon I might buy a tesla
Over priced over rated junk. Bye bye ..
Conman musk time is over!
USD 50 i dont see how tis Car is attractive ✌✌✌ Kathy
Musk is implementing GE Jack Welech’s 10 percent bottom employee cut rule, something Musk did at the early California Tesla development plant. If it is from poor finance, then the root cause is Musk’s ill decided 52B investment to overpay to buy Twitter. If Musk had not spent that 52B, he could have soft landed Tesla across this downturn. Instead he is propping up his poor finance decisions on the backs of his hard working employees.
“LONG OVERDUE, TESLA HUMANOIDS AWAITING ACTIVITIES & ACTION. ❤🇬🇧❤
Elon has been so bad for Tesla the last 4 yrs
For EVs to do well they have to be half the price of an gas vehicle and have tax incentives
Most people that wanted a ev got one
Sales have stalled simple 😂
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Let’s go back if your a baby boomer, GM and Ford was bailed out by governments in Canada and the US from going bankrupt. Tesla will not go down that road. Hang on to your Stocks for the long term. Now is the time to buy more. ☝🏼
Tesla asks shareholders to restore $56B Elon Musk pay package that was voided by Delaware judge. Do the math.
Ah yes, EVs. The NFTs of the car world.