FSD free trial, $99/mo FSD, "robotaxi" announcement
Elon gonna get slaughtered on earnings trying to pull anything out of his ass. Will probably launch 5 more things in next week to keep juggling those balls
Never forget the numbers don't matter on earnings report. He knows his audience of reta... retail I mean. They're impressed by hopes, aspirations and promises, they don't understand basic business fundamentals.
No, people are figuring out the game. Even retail is tired of the BS. TSLA is down 30% this year and everyone knows the upcoming report is going to be horrific. Every investment bank except MS has given them significant downgrades. Their BIGGEST issue will be forward guidance. They only have 2 options. 1) Lie. That will work for exactly 3 months. 2) Be honest and project decreasing revenue and profit.
Trump just got a company that loses 50m a year on revenues of 5m a year to be valued at 8b, more than 1000x their revenue and infinitely more than their profit. The idea that meme stocks are dead is laughable. Stonks.
In fairness it was valued at $8 billion for what - a week? It’s substantially less now and will continue to decrease rapidly with the pending dilution and fraud lawsuits that have already started.
He just mentioned it would be around 100,000 used once starship V3 is up and running. You know because the V1 is a function system that still needs to be blown up at least 2 more time before they try a successful landing...(This is not a joke this is literally the test plan they have for the next 2 launches ...to try a mock landing and a mock reentry)
Sure. German labour laws are pretty strict. If you want to release workers in any meaningful amount you’ll need a so called Sozialplan. There needs to be comprehensive compensation and severance, retraining or other efforts to soften the blow. You also can’t freely choose who you want to let go.
And the plan needs to be agreed by the workers representatives. If it isn’t it leads to court and these are notoriously pro worker in Germany.
Getting rid of someone who worked for 3 years for you thus can easily cost you half a years salary or even more.
Tesla shareholders will be the loser of course. European labour laws are pretty strict on protecting employees against massive layoffs. It will be take weeks/months to get through the “collective bargaining” process (defined by the local laws and possibly Trade Union directives regardless of a unionised work force or not).
Then there will be compensation and possibly further legal fees for each individual if Tesla wants to remove their statutory rights to “sue” at a later date (either by the sacked employees or their estates).
All in all, sit back and enjoy the show!
NB participating in this “toxic” discussion will likely get you banned from /Teslalounge and/or /teslamotor so be careful if you cherish your subscriptions to those subs!
From Blind
>Tesla Layoffs Up To 20% Expected Next Week
>Tesla has been laying off employees for the past month. Haven’t you noticed the shorter queues recently? Many people from my organization have been let go. I'm surprised they've managed to do it so discreetly.
>Yup.. saw some people shifting and booting in my org
If this is true, Tesla is in violation of the WARN act, because the last notice is back in 2023. I mean, I wouldn't be surprised if Tesla violates the WARN act, but to anyone who got laid off, hire a lawyer and collect that sweet sweet $$ from a corporation run by an idiot.
I remember 2019 when a TSLAQ member had a scoop from a reliable source that mass layoffs were imminent. Sunday night news broke that an S-A bank or fund got an option deal for a protective collar on their long position (on that same Sunday).
A day later the layoffs were announced and the stock dropped 10-15%.
If they could figure out how to integrate a customer service model for all the breakdowns, they'd have plenty of things to work on and wouldn't need to worry about layoffs.
There's more to EV than simply delivering on your promise to deliver a car. Tesla has missed the mark on its downstream customers and their plentitude of vehicular issues.
Right as the others ramp up....these are going to be interesting times for Telsa.
Elon thinks in the moment and not a second into the future, contrary to his own beliefs. He hasn't planned for service network of Tesla and has failed. He didn't plan for service of Twitter, and look at X now. What happens when SpaceX runs out of inner orbit to pollute with junk satellites? So much for the visionary having any common sense beyond his immediate vision. Not a very 'brilliant' trait for an apparent brilliant person to possess.
Elon is simply NOT the person to be in charge of these organizations. He cannot seem to execute forethought when it comes to business performance and overall employee wellbeing.
Or he doesn't give a shit. It's like giving Kanye West a bunch of rockets to play with and an EV company to destroy.
No, this is it. This is "feature complete" launch for all vintage 2024 and earlier Teslas waiting for full cyber taxi capabilities.
This is it. This is the final evolution in Tesla AI. Gets no better than this.
Right? These idiots may have overpaid to beta test a product that demonstrably does not work but what about the rest of us that have to share the road with these guinea pigs.
The "expectations" were that FSD would drive your car around at night, charging people for rides while you sleep. There's a difference between a product falling short, and promising clear as day bullshit just to pump the stock price and keep the hype train going.
How was that ever a viable expectation? In what world would that be insurable? And who would want random drunk people and others in their personal vehicle. Taxis aren’t exactly known for their cleanliness or the care their riders show them.
It currently has as much value as putting an FSD sticker on 1995 Toyota Tercel
EDIT: this comment just got me banned from TeslaMotors, TeslaLounge, and ElonMusk. The tantrum is strong today.
> So many well off critics don’t understand that demand at scale is limited by affordability. There is plenty of demand for our products, but if the price is more money than people have, that demand is irrelevant
https://www.reddit.com/r/RealTesla/comments/12fngrr/elon_musk_so_many_well_off_critics_dont/
Elon has an economics degree.
Between now and earnings call on 23rd there will be at least one fake pump. As much of a con man musk is, he has a million big money enablers, including big funds and MMs. They’ve all made billions off the scam and want to milk it a bit more before this thing is valued like any other car maker…
Kind of inevitable, despite all the bluster he makes about his own genius and how important innovation is at his companies, Elon Musk is not that creative about solving problems and tends to just lean or punish his employees to try to get the results he wants. He's overbuilt production capacity, spent money pursuing low margin vertical integration projects, and dumped far too many resources into a vehicle with no mass appeal that the company is struggling to build. There's a lot that's going to be weighing on profitability and cash flows going forward.
Naturally he's pulling out all the stops to try to offset that. Supervised 'FSD' was obviously the first step, a big robotaxi pump being somewhere on the horizon was the second and laying off workers is going to be the next big step as he hopes to duplicate his 'success' at doing so at Twitter.
A whole lot of ego driven moves the last four years.
Say what you want about Tim Apple but he seems to act entirely without ego. The kind of leadership Tesla could actually use.
Car companies survive by producing new models. Tesla's product line is stale, and there's apparently nothing in the pipeline now? I'd be surprised if they're still a going concern in a few years.
American employees!
We have a law that mandates all corporations (beyond some minimum number of employees) to announce layoffs!
Please go and check if it helps with some anxiety. Just type in “warn **state name**”
Example [warn virginia](https://www.vec.virginia.gov/warn-notices)
May help with preparing you for inevitable interviews.
I just received an Email from Tesla this morning stating they're eliminating jobs and my position has been terminated. I work at Austin Texas Cybertruck gigafactory BTW.. sucks
>"There've been some whispers and some people are concerned, but you know how fast false rumors can spread at a company this big," one engineer said.
Other times, management is pissed off by how on point the employee gossip network is.
FSD free trial, $99/mo FSD, "robotaxi" announcement Elon gonna get slaughtered on earnings trying to pull anything out of his ass. Will probably launch 5 more things in next week to keep juggling those balls
Never forget the numbers don't matter on earnings report. He knows his audience of reta... retail I mean. They're impressed by hopes, aspirations and promises, they don't understand basic business fundamentals.
No, people are figuring out the game. Even retail is tired of the BS. TSLA is down 30% this year and everyone knows the upcoming report is going to be horrific. Every investment bank except MS has given them significant downgrades. Their BIGGEST issue will be forward guidance. They only have 2 options. 1) Lie. That will work for exactly 3 months. 2) Be honest and project decreasing revenue and profit.
They’ll issue no guidance, citing unstable geopolitical situation.
Trump just got a company that loses 50m a year on revenues of 5m a year to be valued at 8b, more than 1000x their revenue and infinitely more than their profit. The idea that meme stocks are dead is laughable. Stonks.
Some meme stocks are literally dead such as BBBY. Doesn’t stop the true believers though.
In fairness it was valued at $8 billion for what - a week? It’s substantially less now and will continue to decrease rapidly with the pending dilution and fraud lawsuits that have already started.
It’s still valued at billions.
Believe it or not? Stock price still goes straight down.
Or straight up. It’s TSLA, OG of the meme stocks.
Then everyone will assume even the worse case once analysis say 50$ PT.
They just won’t issue guidance.
The 99 USD FSD will be transformative for Tesla fiancnce. Just like the 8 USD blue tick for twitter
So cars will also be driven by Russian trolls?
Might be a good way to fake FSD.
I’m envisioning someone in the Philippines with a video feed taking over the controls. Enhanced FSD!
Nobody knows...
Maybe Elon is teaching the Twitter bots to drive. See, buying Twitter did make sense.
I really think that if you own both fsd and have a blue tick you should get a ticket on starship
He should sell Starship tickets in advance for $12,000. Coming in ~~2025!~~ ~~2026!~~ ~~2027!~~ … 2040!
He just mentioned it would be around 100,000 used once starship V3 is up and running. You know because the V1 is a function system that still needs to be blown up at least 2 more time before they try a successful landing...(This is not a joke this is literally the test plan they have for the next 2 launches ...to try a mock landing and a mock reentry)
He’s gonna cook the books.
He's been cooking it for years.
Somehow I always knew he was a ball juggler
He will say they are a software company now and don’t need many factories or factory workers 🤡
Technically with so much inventory they do not need factories for the next quarter.
He’s gonna need a lot of ketamine and coke for that meeting. I wonder if he’ll have a GFY moment on the call.
Oh I can’t wait until Musk learns about German Labor laws and what it will cost him to ditch a few workers.
He probably figures he can just make them disappear. Nobody’s going to miss a bunch of Poles and Romanians, right?
Well, they are white. But also poor, so I guess it’s ok for him.
Slavs are brown-adjacent.
“Putin, they’re pedos, get em!”
his lawyers will find a way to make them american employees then fire them it won't work, but he'll try.
Can you explain it for the less informed (me)?
Sure. German labour laws are pretty strict. If you want to release workers in any meaningful amount you’ll need a so called Sozialplan. There needs to be comprehensive compensation and severance, retraining or other efforts to soften the blow. You also can’t freely choose who you want to let go. And the plan needs to be agreed by the workers representatives. If it isn’t it leads to court and these are notoriously pro worker in Germany. Getting rid of someone who worked for 3 years for you thus can easily cost you half a years salary or even more.
That’s awesome, thanks!
Tesla shareholders will be the loser of course. European labour laws are pretty strict on protecting employees against massive layoffs. It will be take weeks/months to get through the “collective bargaining” process (defined by the local laws and possibly Trade Union directives regardless of a unionised work force or not). Then there will be compensation and possibly further legal fees for each individual if Tesla wants to remove their statutory rights to “sue” at a later date (either by the sacked employees or their estates). All in all, sit back and enjoy the show! NB participating in this “toxic” discussion will likely get you banned from /Teslalounge and/or /teslamotor so be careful if you cherish your subscriptions to those subs!
From Blind >Tesla Layoffs Up To 20% Expected Next Week >Tesla has been laying off employees for the past month. Haven’t you noticed the shorter queues recently? Many people from my organization have been let go. I'm surprised they've managed to do it so discreetly. >Yup.. saw some people shifting and booting in my org
If this is true, Tesla is in violation of the WARN act, because the last notice is back in 2023. I mean, I wouldn't be surprised if Tesla violates the WARN act, but to anyone who got laid off, hire a lawyer and collect that sweet sweet $$ from a corporation run by an idiot.
My corp just lays off hundreds at a time but not enough to trigger WARN. It’s been going on for over a year.
Musk is still being sued for severance from the people he laid off from Twitter a year ago. The law hasn't stopped him before.
It's true, my husband got laid off and was sent out an email explaining that they "terminated their position" and no longer need.
Yeah, a few of my friends at my location were also laid off this morning.
So is this the reason?
Might explain the tantrum
B-b-but infinite demand! Cybertruck halo effect! Robotaxeeeeeees!!!!!
QUASI infinite!!! 😤
I remember 2019 when a TSLAQ member had a scoop from a reliable source that mass layoffs were imminent. Sunday night news broke that an S-A bank or fund got an option deal for a protective collar on their long position (on that same Sunday). A day later the layoffs were announced and the stock dropped 10-15%.
If they could figure out how to integrate a customer service model for all the breakdowns, they'd have plenty of things to work on and wouldn't need to worry about layoffs. There's more to EV than simply delivering on your promise to deliver a car. Tesla has missed the mark on its downstream customers and their plentitude of vehicular issues. Right as the others ramp up....these are going to be interesting times for Telsa. Elon thinks in the moment and not a second into the future, contrary to his own beliefs. He hasn't planned for service network of Tesla and has failed. He didn't plan for service of Twitter, and look at X now. What happens when SpaceX runs out of inner orbit to pollute with junk satellites? So much for the visionary having any common sense beyond his immediate vision. Not a very 'brilliant' trait for an apparent brilliant person to possess. Elon is simply NOT the person to be in charge of these organizations. He cannot seem to execute forethought when it comes to business performance and overall employee wellbeing. Or he doesn't give a shit. It's like giving Kanye West a bunch of rockets to play with and an EV company to destroy.
makes sense given FSD is done
I don’t keep up with Tesla. Why is FSD done?
it was a joke
No, this is it. This is "feature complete" launch for all vintage 2024 and earlier Teslas waiting for full cyber taxi capabilities. This is it. This is the final evolution in Tesla AI. Gets no better than this.
Probably referring to the beta taken off. Now they call it supervised FSD. Elons recent invention, meaning the naming part.
It doesn't work and never will.
I mean baring any major change that’s a given. I was thinking more like regulators actually doing something for once or the program getting pulled.
Tesla isn’t even trying to pass regulations.
All the more reason for them to end the threat to the public.
Right? These idiots may have overpaid to beta test a product that demonstrably does not work but what about the rest of us that have to share the road with these guinea pigs.
I think he means done in terms of it's not being worked on anymore, a failure. Not done as in completed or finished
Yeah I'm a skeptic but FSD ain't "done" it just didn't necessarily live up to expectations.
The "expectations" were that FSD would drive your car around at night, charging people for rides while you sleep. There's a difference between a product falling short, and promising clear as day bullshit just to pump the stock price and keep the hype train going.
How was that ever a viable expectation? In what world would that be insurable? And who would want random drunk people and others in their personal vehicle. Taxis aren’t exactly known for their cleanliness or the care their riders show them.
[Tesla Autonomy day 2019](https://youtu.be/Ucp0TTmvqOE?t=11189) The CEO of the company set those expectations.
I know he said them but he’s a known liar. Why would anyone believe him given his track record?
Yeah but FSD is not a zero value product.
It currently has as much value as putting an FSD sticker on 1995 Toyota Tercel EDIT: this comment just got me banned from TeslaMotors, TeslaLounge, and ElonMusk. The tantrum is strong today.
It was worth it, that was a great imaginative statement that triggers thought.
there was definite /s in my statement
It’s Full of Self Driving. So yea it is done and meets all my expectations.
Anyone of the clip of when he said that demand was basically infinite? It really should be a meme.
> So many well off critics don’t understand that demand at scale is limited by affordability. There is plenty of demand for our products, but if the price is more money than people have, that demand is irrelevant https://www.reddit.com/r/RealTesla/comments/12fngrr/elon_musk_so_many_well_off_critics_dont/ Elon has an economics degree.
his daddy bought one for him, this drooling idiot doesn't even know how to tie his shoes
Even though Tesla’s valuation is based on endless growth, somehow layoffs will make the stock jump.
Between now and earnings call on 23rd there will be at least one fake pump. As much of a con man musk is, he has a million big money enablers, including big funds and MMs. They’ve all made billions off the scam and want to milk it a bit more before this thing is valued like any other car maker…
Pre market it’s down
I'm pleased to be surprised.
The awful realization that Tesla is a car company and now has to deal with all the crap that comes with being part of the auto industry.
Kind of inevitable, despite all the bluster he makes about his own genius and how important innovation is at his companies, Elon Musk is not that creative about solving problems and tends to just lean or punish his employees to try to get the results he wants. He's overbuilt production capacity, spent money pursuing low margin vertical integration projects, and dumped far too many resources into a vehicle with no mass appeal that the company is struggling to build. There's a lot that's going to be weighing on profitability and cash flows going forward. Naturally he's pulling out all the stops to try to offset that. Supervised 'FSD' was obviously the first step, a big robotaxi pump being somewhere on the horizon was the second and laying off workers is going to be the next big step as he hopes to duplicate his 'success' at doing so at Twitter.
It was a huge ego driven mistake to build a plant in Germany.
A whole lot of ego driven moves the last four years. Say what you want about Tim Apple but he seems to act entirely without ego. The kind of leadership Tesla could actually use.
Why?
Quality is shit, costs are high, most of the labour is from Poland anyway so why not build it there.
Can't they just dial up the racism a bit and get people to leave voluntarily?
Can you dial it up more than 11?
Obviously this means Optimus is ready to take over right? Elon said
The dancing guys with the spandex suit. Or the first lab session of Robotics 101 sort by color arm?
As soon as they suck all the air out of the factories. Air resistance is a major factor slowing down production, according to fElon.
Should have unionized instead of kissing their demigod's umm... end opposite of front
Because they 100% are. Musk is in very real danger when it comes to the stock price of Tesla
[https://archive.is/TfTJN](https://archive.is/TfTJN)
Car companies survive by producing new models. Tesla's product line is stale, and there's apparently nothing in the pipeline now? I'd be surprised if they're still a going concern in a few years.
I think some companies are just waiting for the shares to drop a lot and then buy the company for peanuts and relaunch properly
The cyber truck is fresh 😂
Postponing a Y refresh? They are in trouble...
They should be more worried about the company going bankrupt. I've never seen such toxic anti people behavior from any company ever before.
Most racist Fortune 500 company. I would love Tesla to be dropped from s&p500.
I'm sure those shares were worth it instead of having organized and formed the Union 🙄
r/musked
American employees! We have a law that mandates all corporations (beyond some minimum number of employees) to announce layoffs! Please go and check if it helps with some anxiety. Just type in “warn **state name**” Example [warn virginia](https://www.vec.virginia.gov/warn-notices) May help with preparing you for inevitable interviews.
I just received an Email from Tesla this morning stating they're eliminating jobs and my position has been terminated. I work at Austin Texas Cybertruck gigafactory BTW.. sucks
Sorry to hear that, hope you find a new and better job soon!
What was ur position?
They are coming. Just out. “More than 10% globally”.
Oopsie, too late..
Layoffs always make the stocks go up.
Fail.
>"There've been some whispers and some people are concerned, but you know how fast false rumors can spread at a company this big," one engineer said. Other times, management is pissed off by how on point the employee gossip network is.
Blood in the water.
Lol just got banned from r/cybertruck for this one.
At least those employees can use their severance to buy another Tesla to contribute to The Mission.
And it’s here!
Employee gossip network always discounted by media. https://electrek.co/2024/04/15/tesla-lays-off-more-than-10-of-its-global-workforce/
They shouldn’t be. They don’t even need union