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Musk to review all of Tesla's expenses in new cost cutting plan

reuters.com

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Re: Musk to review all of Tesla's expenses in new cost cutting plan

#141

Post by threeseed »

ajross wrote: post #110
MoronInAHurry wrote: post #100

Earlier quoted context omitted.

Neither of those companies lost billions before reaching break-even or profitability.

Even buying the burn rate in the title, Tesla's losses are like 8% of revenue. That's not at all far off from where Amazon and Google were in their early years. Again, it's not that there isn't an accounting worry here, what concerns me is the... hate. Just the visceral hate about this company that wants it to fail so badly that it leads people to apply these crazy double standards.

It's weird but I don't see any visceral hate. Just people asking hard questions.

Amazon/Google are also terrible examples to use. If either went under there is no effect on consumers. If Tesla goes under then many owners will have a car on their hand that potentially can't be supported.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#142

Post by [deleted] »

bondolo wrote: post #138

A friend who worked on the charging system for the Model S reported that a few weeks before the vehicle shipped they were way behind schedule for building vehicles and falling further behind as the release date approached. One Sunday morning the entire engineering team was on the manufacturing floor helping the struggling manufacturing team build vehicles and Elon appeared trailing a gaggle of execs. They started pok…

[deleted]

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#143

Post by zbrozek »

cosmodisk wrote: post #137
proee wrote: post #101

I worked for a company that had a similar take on spending. The company was extremely profitable and brought in greater than 1 billion dollar in revenue. Yet any PO that was greater than $100 needed approval by the CEO. Not only that, the PO had to be typed on a manual typewriter (this is 2007) using carbon paper, and hand-delivered to a number of people to start moving up the chain. The process intentionally took MO…

Care sharing the name of the company? Right now I enjoy the complete opposite where I work...

At a guess, Linear.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#144

Post by newnewpdro »

ummonk wrote: post #124
atq2119 wrote: post #111

Earlier quoted context omitted.

This ignores the fact that EVs are currently the only viable path towards road-based transport that is compatible with the continued existence of our species. The transition isn't urgent due to oil prices. It's urgent due to greenhouse gases making the planet inhospitable for humans.

You seem to have a very low opinion of human adaptability to varying climates.

If a bulk of the species living on the planet collapse from climate change, humans will not be having a good time.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#145

Post by pbreit »

bondolo wrote: post #138

A friend who worked on the charging system for the Model S reported that a few weeks before the vehicle shipped they were way behind schedule for building vehicles and falling further behind as the release date approached. One Sunday morning the entire engineering team was on the manufacturing floor helping the struggling manufacturing team build vehicles and Elon appeared trailing a gaggle of execs. They started pok…

The way you describe it I’m surprised eng lead not fired on spot for insubordination.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#146

Post by pbreit »

proee wrote: post #101

I worked for a company that had a similar take on spending. The company was extremely profitable and brought in greater than 1 billion dollar in revenue. Yet any PO that was greater than $100 needed approval by the CEO. Not only that, the PO had to be typed on a manual typewriter (this is 2007) using carbon paper, and hand-delivered to a number of people to start moving up the chain. The process intentionally took MO…

Sounds like a super effective policy.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#147

Post by jjeaff »

windexh8er wrote: post #94
asaph wrote: post #40

Earlier quoted context omitted.

To be fair, the current competition is largely a reaction to Tesla's accomplishments.

This is my foundational fear of losing Tesla. Love them or hate them if they were to sink I feel the large drive to compete with them goes away and we go back to business as usual burning dead dinosaurs. While Tesla isn't perfect by any stretch I do think they continue to be very important to the overall market progression and higher expectations of auto manufacturers.

Is there really a large drive to compete with them? So far they have proven that unit profitability is difficult if not impossible with current tech.

And meanwhile, Ford is selling a quarter million F-150 trucks every quarter compared to Teslas total units per quarter around 40k. I don't think the big automakers are worried yet.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#148

Post by patrick5415 »

ajross wrote: post #49
Waterluvian wrote: post #36

Am I right to assume that if Tesla files for bankruptcy protection, all car deposits basically vanish? I assume there's miles of higher priority creditors lined up than consumers who paid a deposit. Do we have any sense of how many outstanding deposits there are still?

No. Bankruptcy isn't debt forgiveness. Buyers and the lawyers representing the class action suit would have a seat at the hearing and would be able to get in line for whatever is left. That said: come on, people, Tesla isn't filing for bankruptcy. There are hundreds to thousands of perfectly normal financing options available to run a company with revenues like this that will stretch a cash shortfall into a decades-l…

EVs are fine but I don’t like Tesla as a company. I don’t want OTA updates, I don’t want a car that phones home like Chrome and Windows 10, I want the ability to fix things myself. I want to actually own the things I buy. Basically, I see Tesla as pushing for TOS/licensing like model for car ownership. I want too see companies like that fail.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#149

Post by djanogo »

ajross wrote: post #82
Aeolun wrote: post #78

Earlier quoted context omitted.

I think it’s more that I think there’s something fundamentally wrong about a company existing for 7+ years, spending billions and having yet to turn a profit. It doesn’t really matter whether it is Tesla or Uber.

Didn't bother you when it was Amazon or Google, though.

Most people have Google and Amazon accounts and indirectly shares also, but lot of us are very critical on them on other hand Tesla owners and share holders seem different, they are out get anybody who questions that company or their dear leader.

Re: Musk to review all of Tesla's expenses in new cost cutting plan

#150

Post by clouddrover »

proee wrote: post #101

I worked for a company that had a similar take on spending. The company was extremely profitable and brought in greater than 1 billion dollar in revenue. Yet any PO that was greater than $100 needed approval by the CEO. Not only that, the PO had to be typed on a manual typewriter (this is 2007) using carbon paper, and hand-delivered to a number of people to start moving up the chain. The process intentionally took MO…

> This resulted in engineers that would purchase their own equipment and bringing it to work to use because they couldn't wait a month for a $200 piece of equipment.

That's a mistake. You should never pay other people's costs. If the company wants to put itself in a position where work is delayed by a month for the sake of $200 then that is the company's cost to pay.

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