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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

#221

Post by frosted-flakes »

mikeash wrote: post #202
frosted-flakes wrote: post #177

Earlier quoted context omitted.

Are they though? The software in 20 year old cars is more akin to that in a digital wristwatch (as in, super basic and never needs updating). Also, old cars contain far more electro-mechanical components than software. In comparison, modern cars are Internet-connected computers on wheels (especially Teslas). For example, my 1999 VW has a mechanical headlight switch, dead simple mechanical starter engagement, manually…

Software doesn’t just fail, though. If it works today, it’ll work tomorrow. You could lose features that depend on connectivity, but you’ll still be able to drive.

Doesn't the 3 model require a phone to unlock, and if you want a separate fob, you need to pay extra? What happens when the phone app is no longer available? I don't like that it doesn't even have a mechanical key.

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

#222

Post by philipodonnell »

Matt3o12_ wrote: post #62
dd36 wrote: post #12

https://www.reddit.com/r/teslamotors/comments/bq50s8/elons_a...

A bit later in the thread the poster also states a pretty good explanation: > A lot of FUD from the media said Elon stated they will only have 10 months left before cash balance is zero. No where in this letter stated such a thing and Elon just used an arbitrary number(in this case the newly raised capital) to express the point that 2.4 billion may seem like a lot of money, but we shouldn't take it for granted. In fa…

> A lot of FUD from the media said Elon stated they will only have 10 months left before cash balance is zero. No where in this letter stated such a thing and Elon just used an arbitrary number(in this case the newly raised capital) to express the point that 2.4 billion may seem like a lot of money, but we shouldn't take it for granted. In fact their cash balance is most likely over 4 billion.

10 months is a weird number and frequency for someone to pull out of a hat arbitrarily, especially the CEO of a public company. Something that lined up with a quarter or a year, ok, but 10 months? Why not 3 quarters, or less than a year?

You get to 10 months when you have a monthly burn rate in mind and you divide that by your available cash and it says 10.

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

#223

Post by mikeash »

frosted-flakes wrote: post #221
mikeash wrote: post #202

Earlier quoted context omitted.

Software doesn’t just fail, though. If it works today, it’ll work tomorrow. You could lose features that depend on connectivity, but you’ll still be able to drive.

Doesn't the 3 model require a phone to unlock, and if you want a separate fob, you need to pay extra? What happens when the phone app is no longer available? I don't like that it doesn't even have a mechanical key.

It comes with key cards and you can program additional key cards in the car.

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

#224

Post by _-david-_ »

m0zg wrote: post #127
charlesdm wrote: post #24

Earlier quoted context omitted.

> With relatively low gas prices at the moment, decreasing federal subsidies for electric cars, and more players entering the market, it seems like Tesla is in a pretty tough spot. Nothing you couldn't see coming 5 years ago, however.

5 years ago "gas will be $5 a gallon" would seem like a very safe bet.

It is not that far off. Gas is over $4 a gallon in Southern California. I paid $4.15 last time I filled up.

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

#225

Post by ksec »

clouddrover wrote: post #199
TaylorAlexander wrote: post #166

Earlier quoted context omitted.

It’s a mistake if the company is healthy. But if individual workers are in a position to get a performance bonus or impress their boss, it may be worth it for them to spend some money to ensure that would happen. It would also be a bad work environment.

It won't impress anyone. All it will do is incentivize them to see what else they can get out of you for free. They won't respect you if you don't respect yourself.

And yet if you don't get the job done due to slow company approval process you get the blame for it, and possibly at the cost of your Job. It is rather unfortunate that this isn't a minority but many of today's company, from SME to Fortune 500 operate in a similar fashion.

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

#226

Post by MaupitiBlue »

asaph wrote: post #40
charlesdm wrote: post #24

Earlier quoted context omitted.

> With relatively low gas prices at the moment, decreasing federal subsidies for electric cars, and more players entering the market, it seems like Tesla is in a pretty tough spot. Nothing you couldn't see coming 5 years ago, however.

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

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

Does it really matter?

Tesla is doomed. It’s run out of early adopters and its cool factor is diminishing. The last quarter’s results indicate that demand is down. Supply issues can be spun as a positive, but if demand is weakening...

Combine that with increased competition from a half dozen well established players and the writing is on the wall.

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

#227

Post by MaupitiBlue »

atq2119 wrote: post #111
soup10 wrote: post #86

Earlier quoted context omitted.

The domestic oil boom and the fact that we are now a net exporter of oil makes the transition to electric cars less urgent.

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.

Hasn’t the sky is falling meme lost most of its traction over the last few years?

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

#228

Post by rando444 »

clouddrover wrote: post #150
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.

If $200 is the difference between being blamed for a late release, and being praised for doing a good job, I'll pay the $200.. and work to make that cash up in spades by negotiating it back from the company in the form of pay and position increases.

You're correct that the company should pay, but not everyone is willing to martyr their career over petty cash.

Choose your battles, as they say.

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

#229

Post by rando444 »

sergiotapia wrote: post #66

What happens to Tesla cars on the road if Tesla the company is gone? Who do the cars phone home to? Who can perform maintenance and repairs? Edit: Why did people downvote this question lol

People are likely downvoting you because the question was already asked and answered in the thread before you posted this.
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