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Tesla to Cut 10% of Jobs

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Re: Tesla to Cut 10% of Jobs

#551

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If you want to hedge your portfolio, do a costless collar.

Sounds interesting, how does it work?

Careful though. Do your reading and make sure you understand those contracts. At least understand how to roll them and how exercising works. You’ll need 100x shares of whatever you’re protecting to have the contracts match 1:1

Re: Tesla to Cut 10% of Jobs

#552
post #382
post #314

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this is a hard decision that everyone, including upper management I call bullshit on the inclusion of "upper management". To think upper management cares about anything other than short term profits (and their own bonuses) is just naive. When COVID hit, the company I worked for laid off 40 people (we were just a couple of hundred employees in total). You know how they laid them off? One morning they simply asked the…

I'm not going to pretend that layoffs are harder on upper management than employees or anything. Getting laid off sucks ass and there's no sugarcoating it. But thinking that being a C-level automatically means you're a Patrick Bateman style sociopath treating people like furniture is an immature take, especially for a forum like this, where so many people are entrepreneurs and upper management themselves. They're sti…

If you're at C-level at a company of Tesla's size, you are still a person, just compensated as though you were 50 persons. That is going to change how you're perceived, like it or not.

Everyone is judged on the basis of their actions, not their words. When you're a CEO managing 10 people, you feel the weight of every firing. When you can tell your lieutenants "slash headcount by 10%", you don't feel the weight as much. It's the difference between hand-to-hand combat and firing a drone missile from a command center thousands of miles away.

Re: Tesla to Cut 10% of Jobs

#553

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The particulars of whether something is good for bad for the economy, or even good or bad for Tesla is irrelevant. If there was a reasonable understanding or agreement by both parties that you would be able to work from home for a certain period of time, and you're forced into the office, that's an arguable case for constructive dismissal.

> The particulars of whether something is good for bad for the economy, or even good or bad for Tesla is irrelevant. It very much matters when a Judge who is politically appointed as they are in the US has to decide if you're right or wrong. Then what is better for the economy and for corporations will win out.

I'm not going to deny that political bias plays a role, but we're talking fairly low-stakes things here that in all likelihood going to be heard by an arbitrator anyway. It makes more sense for any company to settle and give you severance if you raise a stink about something like this.

Re: Tesla to Cut 10% of Jobs

#554
post #347
post #317

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Here's the covid sewage data for Silicon Valley: https://covid19.sccgov.org/dashboard-wastewater A week or so ago, it didn't look too bad. It is indeed much worse than I realized right now.

Meh. Wastewater has everything in it, but not things aren't checked for. Covid is now too broad a term that includes far less dangerous variants. You need to draw a line between Covid and colds, or else count colds like Covid.

For all intents and purposes, right now COVID in a particular area is either going to be 100% a single variant, or a variant in the process of outcompeting another variant. There hasn't been a situation where there's been equilibrium between multiple variants that I'm aware of.

Also, there is no common variant of COVID that is anywhere near as mild any virus we call "common cold". In the best case (Omicron for a young, boosted individual) it's comparable with influenza in terms of severity.

Re: Tesla to Cut 10% of Jobs

#555

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Or were the sexual assault allegations part of the political attacks on him? How would you tell?

Is there a situation where you would not expect the dirt of the rich and famous to be reported on? Where journalists collectively, ALL OF THEM, right-wing nutjobs and useless centrists alike, would say let's not? This whole attitude of expect political attacks on me is disingenuous at best. Anybody with power should always expect their personal faults to be reported, whatever their political colour.

You seem to completely ignore the possibility of false or exaggerated accusations?

Re: Tesla to Cut 10% of Jobs

#556
post #369

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> erratic decision making from Mr Musk I'd be the last person to defend Elon Musk, I don't know the guy, but just want to point out that when you're at his level of wealth and power you also have very wealthy, powerful enemies. I see ongoing, what appears to be coordinated, attempts in the mainstream/social media to paint him as crazy. I have no special access to the truth but I'd be unsurprised if those stories are…

It's amazing to see the regime's golden boy turn into it's black sheep. You realize that much of our opinions aren't from critical think but are simply assigned to us by elites.

> but are simply assigned to us by elites.

Do Musk's own tweets fall into this category?

Re: Tesla to Cut 10% of Jobs

#557
post #272

A couple of days ago somebody posted this Reddit thread: https://old.reddit.com/r/cscareerquestions/comments/v2lpdw/e... "Tesla expanded massively during Covid, as of now half of the dev team(including me) don’t have parking space or desk. It’s physically impossible for everyone to return to office. "Should I ignore the email, or should I drive to the office and sit under the stairs?" Commenters' general feeling was…

I know a lawyer who works exclusively in the tech space, who’s dealt with Musk companies a number of times. He said they use the slimiest tactics he’s ever seen, are constantly acting in bad faith. Would not surprise me one bit if this was an attempt to get people to quit so he could avoid paying severance.

I know automation, engineering consulting firms, etc. who have done business w/ Tesla and I have heard thr same types of stories. Often they (Tesla) just burn through relationships, many companies choose to not do business with them a second time.

Re: Tesla to Cut 10% of Jobs

#558
post #96

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And since the Teslas are self driving, they can just roam the public roads while people work, an endless TS (Tesla Stream) cycling between two superchargers.

I fully expected to see this in SF eventually. Wifi equipped buses set up like coffee shops that drive around SF all day. Cheaper than commercial real estate, at the time. I'm sure COVID has changed the calculus considerably.

They do this with billboards. It's somehow cost effective to have a big truck that is nothing but a rolling billboard drive around the city all day. By definition that means that it's cheaper or somehow better than a fixed billboard on real estate.

Re: Tesla to Cut 10% of Jobs

#559

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I'm really hoping someone creates a viable alternative to the Roadster 2.0

There's plenty of alternative vaporware cars out there that will also never hit production.

I'm not convinced it's vaporware. Behind schedule? Absolutely. But Elon has always been shitty about time estimates.

Same with Cybertruck and the Semi. They will come out eventually. It might be another 2-4 years, but they will happen.

I even think full self driving will eventually be achieved. It might be another 10 years, but we'll get there.

Re: Tesla to Cut 10% of Jobs

#560
post #396
post #304

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Musk was a hair's breadth away from taking the SEC "420 funding secured" case to court, and spending who knows how much political goodwill, attention and effort towards that for months or years, instead of building the world's most interesting car company. During the most critical months of Tesla's history. He was convinced he was right and unwilling to let the thing disappear in a settlement. That was in 2018, four…

>I hardly think they've made more than a token profit in the eight years since. I want to push back on this a little: Tesla Energy's revenue was $2.79B in 2021, while SolarCity's revenue topped out at $735M in 2016 just before acquisition. SolarCity had seen 82% YoY revenue growth 2015-6, and apparently averaged 30% YoY growth for the next five years. That's not necessarily a great purchase, but it's not terrible. >t…

Good points, thanks for providing the nuance.
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