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Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

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Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#311

Post by RivieraKid »

DoreenMichele wrote: post #301
RivieraKid wrote: post #264

Earlier quoted context omitted.

I've become increasingly annoyed by Musk's personality, ego, Twitter tantrums and his deceptive statements. I used to be a big fan and follower of anything Elon-related. Still a fan of SpaceX. Having said that, I think they make well-designed, innovative and inspiring products. Build quality and financials are terrible though. > A fund manager can be as risky as she likes This is off-topic but... am I the only one th…

FWIW, I'm a woman and I'm a big fan of singular they . It is also possible to avoid pronouns altogether at times. It's more work to both do that and not sound stilted and weird. I have made my peace with occasionally sounding stilted, such as A fund manager can be as risky as a fund manager likes. When I had a corporate job, some training examples advocated finding ways to rewrite the sentence to sanitize it of gende…

Yeah, I use "they" most of the time. When I can't think of a phrasing that wouldn't sound weird I occasionally just use "he" or "she", depending on which is more likely. It's not a huge deal.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#312

Post by floatrock »

StillBored wrote: post #279
hamandcheese wrote: post #226

Earlier quoted context omitted.

> and the power company includes how much solar you consume in the equation This is very striking to me. Does the power company get actual readings on your solar energy consumption, or is the tiering based on estimated solar usage?

I think they are metering the solar as well... https://austinenergy.com/wcm/connect/9c2d0f25-b56e-410a-93ee...

iirc Austin is one of the few places in the US that has a full feed-in tariff, that is they buy back all your solar through a dedicated meter at feed-in prices (usually closer to wholesale vs. the retail prices you purchase at) and apply that as a credit.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#313

Post by phyzome »

RivieraKid wrote: post #264
dalbasal wrote: post #135

Just reading the first few comments.... I really don't get the Tesla hate. Is it hacker-ish contrarianism? Have they done something? What's the deal HN, why are we cheering against the home team? Overall Musk has been pretty straightforward and explicit with what he's doing. Tesla (and spacex) set extremely ambitious goals, like none of their competitors do. They take big risks. They're not interested in reducing ris…

I've become increasingly annoyed by Musk's personality, ego, Twitter tantrums and his deceptive statements. I used to be a big fan and follower of anything Elon-related. Still a fan of SpaceX. Having said that, I think they make well-designed, innovative and inspiring products. Build quality and financials are terrible though. > A fund manager can be as risky as she likes This is off-topic but... am I the only one th…

It's an older style of dealing with the pronoun-of-a-hypothetical-person problem. It dates the writer (or style guide) a little.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#314

Post by mrfusion »

RankingMember wrote: post #222
toomuchtodo wrote: post #53

Earlier quoted context omitted.

As a Tesla investor, I'm very curious what the conversion rate is of Home Depot/Big Box customers vs Tesla stores. My guess would be it's much higher in Tesla stores. No one likes being bothered at Home Depot by sales staff when they've just popped in for a part.

There's few things that turn me off faster from a store than roving third-party salespeople soliciting like that.

The worst is when they ask if you need help finding anything and you think they’re an employee and then they hit you with a sales pitch.

Dude I’m just trying to find the mold spray and get out.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#315

Post by jimbokun »

rayiner wrote: post #181
dalbasal wrote: post #135

Just reading the first few comments.... I really don't get the Tesla hate. Is it hacker-ish contrarianism? Have they done something? What's the deal HN, why are we cheering against the home team? Overall Musk has been pretty straightforward and explicit with what he's doing. Tesla (and spacex) set extremely ambitious goals, like none of their competitors do. They take big risks. They're not interested in reducing ris…

Interestingly, I see this from the exact opposite view. I'm surprised it's taken this long for the rubber to meet the road. Tesla sells the most electric vehicles, but it's hardly the sort of delta you describe ("extremely ambitious goals, like none of their competitors do"). Nissan and Tesla both hit the 300,000 car mark in January/February of 2018. And let's not forget the recent NTSB report, which revealed that "A…

"To date, the only proven model for treading new ground in space is large defense contractors spending gobs of State money."

This is exactly the problem Space X is meant to solve.

Costs need to come down radically, and State money is too fickle to be relied on for reaching long term goals.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#316

Post by rayiner »

jimbokun wrote: post #315
rayiner wrote: post #181

Earlier quoted context omitted.

Interestingly, I see this from the exact opposite view. I'm surprised it's taken this long for the rubber to meet the road. Tesla sells the most electric vehicles, but it's hardly the sort of delta you describe ("extremely ambitious goals, like none of their competitors do"). Nissan and Tesla both hit the 300,000 car mark in January/February of 2018. And let's not forget the recent NTSB report, which revealed that "A…

"To date, the only proven model for treading new ground in space is large defense contractors spending gobs of State money." This is exactly the problem Space X is meant to solve. Costs need to come down radically, and State money is too fickle to be relied on for reaching long term goals.

But is it the problem Space X is solving? It's easy to make costs come down when you're just refining 50+ year old technology that you know will work. That's a whole different ballgame from what it'll take to push new boundaries.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#317

Post by dragontamer »

stephengillie wrote: post #302
dragontamer wrote: post #115

Earlier quoted context omitted.

I'm not saying "invest in simple metrics". I'm explaining how a typical evaluation is done. The original poster's evaluation is fundamentally nonsense. > If you do a quick math let's say they sold 400,000 Tesla (which they haven't yet) at an average of $100,000 each (which is probably lower) its net worth comes around $44B. This line just doesn't make sense at all. There's no metric I'm aware of that matches this met…

The original poster appears to be confusing revenue and profit. Also, the math is imprecise or incorrect - 400,000 cars sold at $100,000 each would be $40 billion. In lieu of profits, is there any way to use revenue to estimate a company's valuation? Tesla has $28.6 billion in assets, according to NASDAQ[0], yet their market cap is nearly twice that. Is that a normal ratio? [0] https://www.nasdaq.com/symbol/tsla/fina…

> Tesla has $28.6 billion in assets, according to NASDAQ[0], yet their market cap is nearly twice that. Is that a normal ratio?

No. Ford has $257 billion in assets for example but a smaller market cap than Tesla.

One could argue that "Market cap" is a poor metric of size and that "Enterprise Value" is better. Teslas numbers move in the right direction if you're looking at Enterprise Value, but its still kinda bad in terms of classical evaluation.

---------

Ultimately, the only way you square the round-hole of Tesla's balance sheet is imagining future earnings, future assets, and future growth. Alternatively, you invest because you believe in the cause and not because you plan to make money in the stock. Arguably irrational. But the world isn't really about money. I generally respect people who make that kind of decision, as long as they don't become an annoying fanboy.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#318

Post by anoncoward111 »

madeofpalk wrote: post #182
anoncoward111 wrote: post #124

Earlier quoted context omitted.

It's really revolting, but these days, Wall Street will buy stocks that are announcing layoffs. "Better margins!!!" is all Wall Street hears from layoffs now, not "market headwinds". And of course the human aspect of losing a job is completely immaterial to the Wall Street trader's mind. EDIT: A downvote without a rebuttal enriches none of our minds.

They're investors. What else are they supposed to do?

They should consider that the best companies with the best profits also made costly investments into quality employees that later paid off down the road after initial unprofitability

i think

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#319

Post by x2f10 »

NegativeLatency wrote: post #305
RankingMember wrote: post #229

Earlier quoted context omitted.

I still can't believe retail establishments think it's a good idea to degrade the customer experience by letting third-party salespeople rove their stores. I know Home Depot et al are making money from it, but I can't imagine there are many customers coming away with positive feelings from these come-ons.

Costco has been doing this with Direct TV recently. Its a very bad experience imo. You walk in the door and sometimes there's someone saying: "I can save you money on your TV service"

Comcast does this in Walmart. The people Comcast hires are ultra-aggressive, obnoxious, crude individuals that actually follow you while shopping asking what you spend on service, what service you have, etc.

I flat out no longer shop in my local Walmart for this reason alone. Otherwise, I don't mind Walmart.

Re: Tesla is laying off ‘about 9%’ of its workforce as it ‘restructures’ the company

#320

Post by paulddraper »

ironjunkie wrote: post #270
foepys wrote: post #234

Earlier quoted context omitted.

The fact that Twitter cannot put a single person up to delete a few dozen scam tweets every time a off celebrity tweets and ban a few accounts speaks volumes about how much they don't care about their users.

Fully agree and that's something I really don't get. Why don't they pay a small team of 5-10 people that monitors the top 200 accounts, and check if replies like that happen. Hacky solution, but it would just work.

(And FYI, Elon is #87 for followers https://friendorfollow.com/twitter/most-followers/)
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