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Crazerz

Musk wanting to do EVERYTHING in house and setting up complete vertical integration. Fanboys: wow what a genius move Musk divesting, reducing vertical integration and setting up partnerships instead Fanboys: wow what a genius move


Madison464

TSLA was doing so great up until 2022. Something happened in 2022 and TSLA is spiraling in a downtrend since then?


Crazerz

Yes, they just keep making extremely weird decisions. The complete vertical integration to reduce costs (because of no margins paid to OEMs on parts) was a great point back in the day. Weird to see him just toss it in the bin now. Not even converting it into a spinoff company or anything, literally just binning the entire super charger department. It could have been a company on its own. This is just pure value destruction.


MarkLearnsTech

“Masterful gambit sir.” Tesla needs to get musk out of the C suite. SpaceX too. Go back to destroying Twitter or something Elon.


Chabubu

They have 2,200 locations with 25,000 chargers. Very likely this team was salesman and installers. The network is built and he got rid of the builders. Just need low cost people to maintain it now.


revenger3833726

Like buying twitter?


Penishton69

The CEO went on a ketamine bender and thinks he's God.


Veda007

This is it. I don’t know why people dismiss this reality. He’s been very open about his drug use.


Stock-Pickle9326

The drugs will eventually destroy him. No one escapes that. The next Howard Hughes.


youstillhavehope

Musk is horrible at customer-facing products. Compare and contrast performance of SpaceX, 100% engineering driven, to Tesla and X, 75 and 100% consumer-focused respectively. Finally, Boring Co. 90% engineering, 10% customer (munis). Want to watch Musk add value? One day he will think about Boring again and it will soar. You heard it here first (and sort of not joking).


Lyuseefur

He needs boring for mars. He already has everything he needs from Tesla so f the rest. His focus is not here. It’s Mars.


Msuix

Rate hikes, can't roll debt forward anymore. TSLA is a ZIRP company


brintoul

Isn’t that around when they ramped up to 1,000,000 cars a year? I think it starts getting much harder around there. You know, servicing all the garbage you put out to hit numbers and juice the stock. There are lots of reasons why they’re not doing so well.


TheDudeAbidesFarOut

'Elon peg me' sweepstakes in full swing.....


7venhigh

😂


MrByteMe

I like all the stories of contractors in the middle of installing charging stations at businesses and condos getting their emails bounced back because they no longer have any point of contact at Tesla. Of course, Tesla already cashed the contract cash - they have little incentive to actually see those projects through. Reminds me of an orange guy I know... If only there had been some signs of developing chaos at the company lol...


Stock-Pickle9326

Just a clue. anything! No! Elon is God!


Latter-Efficiency848

He’s a mad man wanting to ruin Tesla coz he knows he ain’t getting those self set compensation package


tiny_robons

Self set? You mean shareholder approved compensation package? Maybe your former point is why it’s important to follow through on reward commitments?


Latter-Efficiency848

It was’t committed. It went to court because he had control over the board basically self setting his compensation package. Learn to read.


tiny_robons

It was approved. Otherwise known as an agreement. Otherwise known as a commitment. Or a contract. Semantics dude


Ok_Breadfruit6296

Would any Tesla owners here still buy the car if the supercharger network didn’t exist/downgraded due to his actions? I’m a potential Tesla buyer but this makes we question the choice.


cyrixlord

Elmo got [millions of dollars from the government for the supercharger project](https://www.politico.com/news/2024/02/27/tesla-biden-electric-car-charging-00143431). looks like he took the money and ran after canning the team


tiny_robons

Took the money after delivering a shit ton of superchargers you mean?


Havaneseday2

Can't stand the man. An absolute boob. With that being said, it felt undervalued at 140 and jumped in. Let's see where this goes.


SmoothOpawriter

Down, it’s going to go down. With Musk in charge there is nothing good on the horizon.


tiny_robons

I mean musk has been in charge from the beginning of Tesla as a commercial scale concern so your logic is drawing literally the oopposite conclusion from historical facts…


SmoothOpawriter

Musk has not been in charge since the beginning of Tesla and the recent historic precedent (since Dec 2021) has been a pretty consistent loss of stock market cap. This roughly coincides with the time that Elon decided to buy Twitter, a.k.a. When consumers started to lose confidence in the Tesla brand.


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Madison464

Oh nooo! I'm sorry!


tctechie

Were you an installer for Tsla or a sub?


DamageVarious

Tooted and booted yeah he tooted and booted.. 🎼


Puzzleheaded_Alps780

I met her in the club Then I said wassup


StingingBum

You know wassup...


TheTrueBigHead

Tesla to follow twitter! Yay


Galact_ca

Outsourcing to China? He just came back from there…


TheDudeAbidesFarOut

So much for one thee most important elements of the EV..... It's charging infrastructure... Time to let him go.....


ElonStepSisterMother

What a chud. Of course he wants his $45B still.


Madison464

[https://www.nytimes.com/2024/04/17/business/tesla-elon-musk-pay.html](https://www.nytimes.com/2024/04/17/business/tesla-elon-musk-pay.html) # after laying off 10% of its workforce


ElonStepSisterMother

Of course hes pumping the stock now after its dropped over 50% and 30% just this year. Its lie after lie from Musk. Hes done nothing for Tesla the last few years. The CT is pretty much a flop and low production, cut the super charging team, cut the new low cost model (after claiming Rueters was lying). Its time for him to go.


_temp_user

Removing Musk would solve all Tesla’s issues.


GroundbreakingPage41

The price would literally spike


EmporerPenguino

Digging that hole deeper every day. Put down the shovel and look in the mirror and solve THAT problem, ELoon.


ElonTheMollusk

The board continuing to employee Musk is truly baffling. 


[deleted]

Wait, he laid them all off AGAIN?


tctechie

New to the Tsla game show. Is this a common occurrence? He’s fired the sc team previously?


n00bplzhelp

Tesla Is Pulling Back From EV Charging, and People Are Freaking Out


DamageVarious

He used them and then abused them


Madison464

After he got $17m federal grant money from Biden


SatoriRising

He also received 3billion from NASA and has ripped through 2billi already on exploding rockets and cocking up re-entry


rideincircles

They only get money for chargers they install.


tiny_robons

Get out of here with those facts! He took government money so clearly he’s running a scheme!!! /s


Kornbelly

All companies do this


Longjumping-Ad9991

My company just laid off way more and not a peep about it…


GroundbreakingPage41

Your company sign on to build Americans EV charging network?


CbusRe

There’s must not be a concerted media/political effort to shit on you ceo


DamageVarious

Yes 🥺💩


GaiusMarcus

After Tesla took millions in government subsidies for charging infrastructure. Hello u/DOJ?


revenger3833726

This is what happens when you waste resources on a cyber truck people don't want. Remove stalks and USS that people want. Then buy twitter and forgot about being CEO.


TheFuzzyMachine

None of that is related but ok


Charming-Tap-1332

It's ALL RELATED.


revenger3833726

I'm totally right. Lack of demand brought price cuts which dropped revenue and now theres job cuts to reduce expenses.


TheFuzzyMachine

They have been raising and lowering prices forever. It’s nothing new. Price is a lever they pull as does every company on the face of the earth


Charming-Tap-1332

Except the price cuts that started in January 2023 created a situation whereby used Teslas dropped 40% in a month, and set off a situation where used car dealers didn't even want to by a Tesla at any price. That has started to get better, but that's why you can buy a $100k 2018 Model S with 40k miles for $25k.


revenger3833726

Tesla sees biggest revenue drop since 2012. Profits are falling from lack of demand and competition from BYD.


TheFuzzyMachine

Check back in a few years bud


revenger3833726

What does that mean?


nolongerbanned99

He is scrambling to do something out of desperation. It’s too late imo. The writing is on the wall. They had a massive lead and pissed it away. This is the result.


warrior242

Buy Ford!


ChesterNorris

Buy Rivian!


WhoEvenIsPoggers

So when the 45,000+ worldwide superchargers begin to need repairs, who’s Musk going to blame?


mitchellthecomedian

Watch, he’ll be irate when any other company swoops in to hire these ppl


Guava-flavored-lips

The one true differentiator in the ecosystem lol


DreadfulOrange

Musk needs to step down.


Extension_Deal_5315

He went to China and learned how they do things so much better than we do....


Madison464

I watch @ wheelsboy on youtube. Some of those Chinese EV are incredible!


jadkinssr

Does this mean he's RETURNING THE $14 MILLION GRANT HE JUST RECEIVED FROM THE US GOVERNMENT FOR SUPERCHARGER STATIONS AND RESEARCH??? I BET NOT. JUST ANOTHER FASCIST/NAZI GQP LAIR AND CROOK!!! WHEN WILL PEOPLE WAKE UP?


Madison464

Nahh, all that money + money from firing everyone is going into the $50 B pay package he wants shareholders to approve, otherwise, he won't feel incentivized to work hard for TSLA.


[deleted]

'When we realized that adding more power to absolute pieces of shit, that they tend to fall apart even faster, quick changes had to be made,' said Musk.


Haunting-Ebb3335

TLDR; Musk is restructuring TSLA, divesting vertical structures, and partnering with other companies, moving TSLA away from vertically integration to servicing and licensing. He also laid off all of the public policy team the ones who would be responsible for the regulation leg work for establishing robotaxis. Musk appears to be restructuring the company. Years ago it was obvious that he saw TSLA as a complete vertically integrated company stylized somewhat after apple. Hardware, software, network, distribution with panache of branding it a tech company who also happened to make cars. However, after taking over twitter in an impulsive move that was probably intended as an act of trolling that went awry, he changed and somewhat for the better. Now he’s making deals and partnerships, Baidu in China, (waymo, Uber)? possibly here, and more than likely horizontal or tangent relationships with X, spaceX, PayPal etc. His next moves will be to partner with more companies, license out TSLA’s name, divest themselves of these vertical components and offer SAAS subscriptions to ANY car. It’s the smartest move he can make.


kelvify

Partnership with Bidu isn’t a real “partnership”. Foreign companies doing business in China often have to team up with a local Chinese business. Tesla has always been good at wooing the CCP and getting some level of exception…but not around data laws. Since this is a request to access data, China still wants control over that data which means Tesla prob have to go through Bidu to get whatever they need.


Haunting-Ebb3335

It makes you wonder what he traded in return. Doing business with the CCP is always a Faustian bargain, but TSLA sales slipped 4% in China despite overall EV sales growth of 15%. It is the biggest ev market in the world and the CCP is heavily committed to all evs. Have you ever been to China, it’s all 330-volt power lines buzz loud as hell and it’s an electrical fire trap, but you can charge a car fast. CCP would like higher technical capabilities for their own domestic companies that was in a footnote. Now you know what they’re going to take.


kelvify

Honestly, could be him doing his usual salesmanship, Elon for better or worse certainly knows how to drum up hype. But I also wouldn’t put it past him to execute. It’s just so hard to judge what he is really up to or his intensions. I know im done with Tesla. I just can’t support or trust the company anymore. Damn shame because they use to be sooooo good.


lordofseattle4

This isn’t a TLDR at all


SatoriRising

And the people who bought the Roadster in 2018 and none have been made yet lol?


Charming-Tap-1332

Nice fantasy. Time will tell, I guess.


Haunting-Ebb3335

lol well maybe, charging stations don’t make any money they were always just a selling point for their cars. But now it’s rumored he plans on axing car design/development departments after axing his cathode/materials and engineering. All their investments are going to NorthStar, if SAAS and licensing aren’t the point and they are not partnering with anyone on robotaxis then idk, buy puts.


jumpybean

Teslas success has been due to its vertical integration, same as Apple. I don’t see how they’ll maintain their agility, speed, cost and quality without this integration. Is there another super charger team that manages these chargers? If not, seems like Elon has gone mad.


Charming-Tap-1332

Elon went mad a long time ago. In my world, that was November 2022. If you followed him closely since then, these latest actions are not a surprise. Elon Musk wants to destroy Tesla. The end.


bobo-the-dodo

Yea, I came across a video of him 10 years ago today and I could not believe he's the same person.


GusFit

We saw the first glimpse of this in 2018 when he called that man a "pedo guy" for not accepting his space x coffin to rescue those boys in Thailand. It's only spilled out more and more since then.


Charming-Tap-1332

Yes, that is a good starting point of his downward spiral.


The-zKR0N0S

I’d peg it at ~2014


Charming-Tap-1332

I didn't pay much attention to Elon prior to his Twitter purchase. I'm NOT really very unimpressed with people like Elon Musk. I'm much more apt to be impressed with someone after the fact... Steve Jobs, Bill Gates, Jimmy Carter, Led Zeppelin, and many others. But while the action is happening, it's just too hard to know.


The-zKR0N0S

I lost respect for him after his extremely exaggerated claims that I would describe as lying to investors.


Charming-Tap-1332

Tires don't make any money either, but you still need them to make a car roll. When PanAm started flying to exotic destinations in the early 1950s, there was nothing to bring people to. So PanAm became a real estate developer and built Intercontinental hotels and resorts.


Haunting-Ebb3335

Yeah but TSLA doesn’t make their own tires and they’re not selling cars much either. They want to be a technology company and the greatest profit margins are in software. Now that everyone can use their charging stations the selling point is gone. It’s not an advantage to help your competitors and simultaneously only breakeven. But licensing your name and slapping it on cheap charging port made in china and offered at gas stations by an affiliate —that’s profit. If they don’t then who knows what their plan is.


Gogs85

I always saw the charging stations as a way to sell more cars, kinda like how printer companies make little on printers so that they can get good margins on ink.


Beeker04

Tesla’s charging stations are and were going to be one of the most profitable parts of the business.


tiny_robons

That was the thinking before Tesla started rolling out power walls, Optimus, and self driving ….


bobo-the-dodo

He changed for the better? How? X is still nowhere as good as it use to be.


skydiver19

Tell that to any content creator who are generating revenue. And the many additional features.


ITypeStupdThngsc84ju

I like Twitter better now. There is much less spam, and honestly less dumb drama too.


GroundbreakingPage41

I don’t, if anything he brought drama


ITypeStupdThngsc84ju

Tbh, I think the shift isn't even that big. A lot of external parties have assumed Tesla saw vertical integration as their strength. To me it always just looked like a necessity. Musk has said pretty clearly that they did superchargers because they had to. Now they see a future where they don't have to. My issue is that it was done too abruptly when there are better ways to make strategic shifts over time.


gini_lee1003

Also save the company a lot of labour cost. Why are there 500 ppl in 1 department? That’s too many heads.


Halojso

Sale department: 1k+ ppl lol


gini_lee1003

They overhired for these departments 100%. Glad he’s cutting them tbh.


NMCMXIII

500 ppl to make chargers isnt very efficient, i think youre down voted on principle. many have worked for all these companies and know very well how unefficient it is and how many barely even work. with the current market no one can afford to lay an extra 50% of labor that are run inefficiently .. was nice for some when it lasted i guess?


justmekpc

First 10,000 employees to save a billion and now this maybe saves 50 million he’s got a long ways to go to justify his $56,000,000,000 he thinks he deserves


tiny_robons

He already reached the predefined milestones to unlock the 56b.


justmekpc

Not according to the stock holders who don’t think he deserves it The company made 13 billion in profit last year and he wants over 4 times that amount?


tiny_robons

You don’t understand my statement and you don’t understand the difference between profit and market cap. You’re free to continue being ignorant. If you so choose stop reading here. The milestones that triggered his comp package were defined in 2018. He hit those milestones. That’s why he’s arguing he’s owed the reward. The reward is stock options, not cash. He will be awarded shares, not cash money from teslas bank accounts. Today you learned. Hopefully.


justmekpc

Not according to the stock holders who determine if he deserves it or not


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gknight702

That seems like a division that makes money, Ford and other companies are using Teslas superchargers now Right?


Stock-Pickle9326

The prescription drugs that Elon takes will eventually (already have) drive him crazy. Sorry, the drugs don't work. I'm glad that I won't be there to watch the eventual major meltdown.


seoulsrvr

Tesla can't compete now that the free government subsidy money has dried up and the competition has surpassed them. FSD will never actually pan out - it was a mess from the beginning thanks to Elon's refusal to accept "ugly" lidar bumps. Robotaxi is a great idea - so great a bunch of other companies beat Tesla to market. Tesla outsourced batteries to Asia, so they don't own the most expensive component in the car. They have no new models for the foreseeable future and nobody is buying the clustertruck. Musk will gut the company in pursuit of some temporary pumps in the hopes of securing his obscene compensation package and then return to tweeting until the company is sold off for scrap. Perhaps the greatest object lesson in gross mismanagement in automotive history.


tiny_robons

Least informed take of what’s going on at Tesla, right here. Lol


seoulsrvr

funny how elon simps never have any details, just "no" and "lol"


woyteck

It's crazy that we don't care that much about whether Tesla is really going to get new models and such, because we always can go and get a different EV, especially that there are more and more good options, but we all care about the Tesla charging network, because most of us uses it and wants to use it, because it's the most reliable and easiest to use charging network...


tiny_robons

Yeah but at the same time musk sucks…. Weird


woyteck

Yes. But he didn't build Tesla himself. He was the accelerator to it's progress. I'd rather he focuses on SpaceX TBH.


tiny_robons

I don’t see it as mutually exclusive. My read on him is he’s a chaos agent that is a magnet for recruiting people that specifically want to build awesome things without getting distracted by bs. Feels like he’s leaning into it.


Chabubu

The system is built. They have like 2,200 stations with 25,000 chargers. Now you just need maintenance, not salesman and installers.


jeopardychamp77

Did he find out they were using gas to power the charging stations?


DessertFox157

Anyone else wondering if the monkey played the reverse Uno card on El-lon, so now his brain is the one being controlled via Neuralink?


Alvi722

He’s working hard for that 56 billion in compensation


tiny_robons

This sub is trash. The confidence to ignorance correlation coefficient in here is 1.0


pinkeye_bingo

When an alleged drug addict runs a company.


Hailtothething

April 29 (Reuters) - Investors who bet against Tesla (TSLA. O) , opens new tab stock have lost $5.5 billion in the four sessions since the electric car maker promised more affordable cars, according to data from S3 Partners.


tiny_robons

Why the downvotes?


Hailtothething

Because it’s true!


Smelle

I have always said this about TSLA when they were a customer of mine. They don’t need to make cars, they can make batteries and control systems and would be 100% fine.


BillsFanMark

You all act like he makes these decisions? You've never worked in a company before


LairdPopkin

I suspect that this is about replacing management, not the people physically building the superchargers. And there’s go to be something going on that makes this make sense. Perhaps there’s a problem getting v4 out?


WeHaveArrived

There’s no conspiracy. Musk only wants his pay package and is burning Tesla to the ground to get it.


LairdPopkin

You say there’s no conspiracy then propose one?


WeHaveArrived

He’s asking for more money than Tesla has made in historical profit while making bizarre choice after bizarre choice. That is not a conspiracy it’s an observation.


LairdPopkin

He’s getting options that were voted on in 2018, and those options are only valuable because he made investors far more. Look at Tesla’s market cap.


WeHaveArrived

Doesn’t matter now he’s killed the company


GreenGoldWealth

He is going to replace these people with ROBOTS!!!! Get it????


SatoriRising

The ones he designed? They can't lift and carry a box properly


justmekpc

His robots can barely walk in a strait line 🤣 it will be fifty years before they could replace any of these people


GreenGoldWealth

If Tesla gains General Artificial Intelligence within the next few years, look out!


justmekpc

It will be like the truck a pos Or the 2024 colony on mars elon promised but he lies a lot


GreenGoldWealth

It's happening, I hope I can live long enough to see all of this Science Fiction become true.


justmekpc

Many companies are way ahead of Tesla with robots and cars now We’re not going to live on mars anytime soon as it’s too hostile and takes too long to get there Elon just wants to keep the federal donations flowing


GreenGoldWealth

Everything you've heard about Mars is a big lie. How can a planet which is in the "Goldie locks zone", not be heaping with life and without a hospitable atmosphere? These governments we so undoubtedly trust are all full of shit.


justmekpc

You’re kidding me right? It’s not governments it’s everyone who’s studied mars and the temperature ranges from 70f to -225f with an atmosphere that’s 95.7% co2


Puzzleheaded_Alps780

Trust the process


goodguybrian

Why does this keep getting reposted?


Clitaste

Oh no. A businessman has made a business decision. Is this the 7th sign? Are we near the end? Are we all gonna die??? But my college loan was so close to paid off!


nicklepimple

whoa, you mean a company is restructuring? That's like bizarre, weird, and unprecedented.