"We will have full self driving next year"
- Elon Musk (2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022)
Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
51–59 of 59 posts
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#52Earlier quoted context omitted.
Tesla P/E is at 94, Ford is at 4, so they are overvalued by quite a lot. The interest rates will likely reach 3% by the end of the year, and may need to go all the way to 8% to have a meaningful effect on the inflation. Every measurable economic metric suggests we are rolling full speed into a recession. And driving your old car for another year or two instead of upgrading to that nice luxury EV is one of the first t…
Comparing Tesla to Ford is just comical. Tesla has a completely different technology they work on, and has a massive lead on Ford in EV's. You don't even know what you are saying about Tesla. Take on more debt? Why would they do that? They have 17 billion dollars in cash on hand, and paid off a lot of their pre existing debt. Even if they want to build a new gigafactory they don't need any more funding. They smartly…
> They have 17 billion dollars in cash on hand, and paid off a lot of their pre existing debt.
Tesla total liabilities for the quarter ending March 31, 2022 were $31.091B, a 6.81% increase year-over-year.
So they may have paid off a lot of their pre existing debt and then went and borrowed even more money on different terms.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#53Earlier quoted context omitted.
This is Musk. It totally could be he's making these cuts because he has a bad feeling. This isn't Volkswagen were everything is decided by committee.
I don't think you fully appreciate how massive volkswagen is, as an organization. There is literally no place for whims and feelings at a company that big.
>There is literally no place for whims and feelings at a company that big
Tesla surely meets that threshold as well.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#54Earlier quoted context omitted.
These are not the kind of cuts you make because you have a bad feeling. These are the kinds of cuts you make because you're seeing orders fall off a cliff. I suspect that in particular Tesla is seeing erosion in their Cybertruck pre-orders given that Ford and Rivian have beaten them to market and both those products are drawing rave reviews.
> because you're seeing orders fall off a cliff Any evidence or are you just making up things? Because that is literally the opposite of pretty much everything we know about Tesla orders. > Cybertruck pre-orders given that Ford and Rivian have beaten them to market and both those products are drawing rave reviews. That makes no sense. Cybertruck pre-orders going away (if that is case, and I question that) would not i…
I am absolutely speculating. But companies don't just act on current financials, they act on future projections. If they see lean times ahead, they may very well cut current expenses in order to conserve cash they believe they will need in the months ahead. I don't think the current cuts are routine, or because Musk as a "bad feeling", I think they're seeing something concrete that is adversely affecting future revenue projections. A downturn in the auto market generally, and a downturn in Cybertruck demand particularly, as reflected in advance orders would certainly fit the bill.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#55Earlier quoted context omitted.
This is really the most realistic answer. As they get closer and closer to FSD (and it is quite close now), they will need fewer and fewer people.
How do you know its close?
You can watch user videos of it in action on YouTube. It improves with (nearly) every patch and often requires minimal or no user interventions. It still sometimes makes very bad mistakes though so I don’t think it’s as close as the previous poster does. But I think in the next year or two it could be good enough for many cities during clear weather.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#56Earlier quoted context omitted.
Well if I buy a Ford and not a Tesla, then Ford will presumably make some money from me and Tesla won't make any. I'll give it to Tesla (and Musk really) that they really mainstreamed the electric car by making it a luxury/halo type product, but it looks to me like they're losing a lot of their first-mover advantages now and they'll probably be losing some margin. Also their CEO went kinda nuts which didn't help the…
> then Ford will presumably make some money from me That's not at all certain when buying and EV. > but it looks to me like they're losing a lot of their first-mover advantages now That's what people have been saying since 2014 and Tesla has just continued to grow. > and they'll probably be losing some margin Given that they have improved prices quite a bit and still have lots of order backlog, I would suspect the op…
Just saw this post and it pisses me off. Not because I disagree - I truly don't know the future for Tesla and it's interesting, but what the hell is "improved prices" supposed to mean? Sure sounds like marketing bullshit for "increased" - I don't consider that an improvement.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#57Earlier quoted context omitted.
> then Ford will presumably make some money from me That's not at all certain when buying and EV. > but it looks to me like they're losing a lot of their first-mover advantages now That's what people have been saying since 2014 and Tesla has just continued to grow. > and they'll probably be losing some margin Given that they have improved prices quite a bit and still have lots of order backlog, I would suspect the op…
Just saw this post and it pisses me off. Not because I disagree - I truly don't know the future for Tesla and it's interesting, but what the hell is "improved prices" supposed to mean? Sure sounds like marketing bullshit for "increased" - I don't consider that an improvement.
I have dyslexia, I wanted to write 'increased'.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#58Earlier quoted context omitted.
Just saw this post and it pisses me off. Not because I disagree - I truly don't know the future for Tesla and it's interesting, but what the hell is "improved prices" supposed to mean? Sure sounds like marketing bullshit for "increased" - I don't consider that an improvement.
I have dyslexia, I wanted to write 'increased'.
Lol, well then I don't have much of a problem with that thesis.
Re: Tesla Lays Off Hundreds of Autopilot Workers in Latest Staff Cut
#59Earlier quoted context omitted.
How do you know its close?
You can watch user videos of it in action on YouTube. It improves with (nearly) every patch and often requires minimal or no user interventions. It still sometimes makes very bad mistakes though so I don’t think it’s as close as the previous poster does. But I think in the next year or two it could be good enough for many cities during clear weather.
As someone using FSD Beta, I concur that it is getting significantly better with every new over the air update.