Choose your color scheme:
The Vette Barn  
 
Go Back   The Vette Barn > Off Topic/Babes/Other > Off Topic

Off Topic Off Topic - General non-Corvette related discussion.

User Tag List

Reply
 
Share Thread Tools
Old 06-12-2018, 1:42pm   #1
Mike Mercury
Chief Meat Gazer
Charter Member
Barn Stall Owner #98
Barn Raising II,III,IV
Points: 100,113, Level: 100
Activity: 62.3%
 
Mike Mercury's Avatar
 
Join Date: Oct 2009
Location: Ohio
Posts: 34,410
Thanks: 12,073
Thanked 21,306 Times in 8,318 Posts
Gameroom Barn Bucks: $5128848
Default Tesla to cut about 4100 jobs across company

Tesla will cut approximately 9 percent of its 46,000-person workforce.

Tesla told employees it will cut about 9 percent of its workforce, trimming mostly salaried positions.

Since the start of the year, Tesla has been adding to its staff and currently employs approximately 46,000 workers. Through this reorganization, it will shed about 4,100 jobs.

In mid-May, Tesla CEO Elon Musk had warned the company was undertaking a "thorough reorganization" and that it would flatten its management structure.

"To be clear, Tesla will still continue to hire outstanding talent in critical roles as we move forward and there is still a significant need for additional production personnel," Musk said in a letter to employees on Tuesday. "I also want to emphasize that we are making this hard decision now so that we never have to do this again."

Tesla has struggled to meet production targets and achieve profitability. It has been burning through billions in cash as it tries to scale up production of its mass market Model 3 sedan. Musk has said he expects Tesla to be profitable and cash flow positive in the third quarter.

A paragraph in Musk's long email to Tesla employees:
Quote:
I would like to thank everyone who is departing Tesla for their hard work over the years. I'm deeply grateful for your many contributions to our mission.
MM sez: Tesla was not a for-profit company; instead a pet project for Elon Musk. But now that Tesla is supposed to start operating as a company-for-profit with this Model 3 car... the "dream world" is crashing down upon Musk supporters that weren't being realistic. Oh, trust me... Musk knew all along that this step would eventually need be taken.
Mike Mercury is online now   Reply With Quote
Old 06-12-2018, 1:49pm   #2
MrPeabody
A Real Barner
Points: 59,660, Level: 100
Activity: 38.7%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 33,332
Thanks: 13,733
Thanked 11,256 Times in 5,584 Posts
Gameroom Barn Bucks: $2212506
Default

Can you post a link to the source of your OP?
MrPeabody is offline   Reply With Quote
Old 06-12-2018, 1:51pm   #3
DAB
Sparkles Flambeaux
Barn Stall Owner #4
Barn Raising I,II
NCM Supporter '13,'14,'15,'16,'17
Bantayan Kids '13,'14,'15,'17
Points: 134,656, Level: 100
Activity: 42.3%
 
DAB's Avatar
 
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 56,445
Thanks: 10,287
Thanked 21,388 Times in 11,103 Posts
Gameroom Barn Bucks: $19000188
Default

Quote:
Originally Posted by MrPeabody View Post
Can you post a link to the source of your OP?
https://www.cnbc.com/2018/06/12/tesl...ny-report.html

this scam is going to come crashing down one day.
DAB is offline   Reply With Quote
The Following 3 Users Say Thank You to DAB For This Useful Post:
Old 06-12-2018, 2:00pm   #4
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20
Bantayan Kids '13,'14,'15,'17
Points: 58,294, Level: 100
Activity: 18.1%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 21,766
Thanks: 7,688
Thanked 10,653 Times in 4,320 Posts
Gameroom Barn Bucks: $17600244
Default

Whatever they did, stock price was up ~7% earlier today and up only about 2% now.....

Add on top of that the new production numbers for the Model 3 are going to 30,000 for the quarter over the estimated 20,000.

I am guessing those people are not related to production and more salaried desk positions related to other business units within the organization.
Dixievet is offline   Reply With Quote
Old 06-12-2018, 2:09pm   #5
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20
Bantayan Kids '13,'14,'15,'17
Points: 58,294, Level: 100
Activity: 18.1%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 21,766
Thanks: 7,688
Thanked 10,653 Times in 4,320 Posts
Gameroom Barn Bucks: $17600244
Default

Quote:
Originally Posted by Dixievet View Post
Whatever they did, stock price was up ~7% earlier today and up only about 2% now.....

Add on top of that the new production numbers for the Model 3 are going to 30,000 for the quarter over the estimated 20,000.

I am guessing those people are not related to production and more salaried desk positions related to other business units within the organization.
And now it is up 3.5%....probably proof that the people cut were not integral to existing business structures
Dixievet is offline   Reply With Quote
Old 06-12-2018, 2:17pm   #6
MrPeabody
A Real Barner
Points: 59,660, Level: 100
Activity: 38.7%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 33,332
Thanks: 13,733
Thanked 11,256 Times in 5,584 Posts
Gameroom Barn Bucks: $2212506
Default

Quote:
Originally Posted by Dixievet View Post
Whatever they did, stock price was up ~7% earlier today and up only about 2% now.....

Add on top of that the new production numbers for the Model 3 are going to 30,000 for the quarter over the estimated 20,000.

I am guessing those people are not related to production and more salaried desk positions related to other business units within the organization.
Quote:
Originally Posted by Dixievet View Post
And now it is up 3.5%....probably proof that the people cut were not integral to existing business structures
The stock market usually responds favorably to layoffs, because they cut costs and increase profits, at least in the short term. Of course, Tesla has never had profits, but this has the potential to move them closer to having them. I think Musk said recently they will be profitable in the third quarter. Maybe this is part of the reason he said that. When a company is burning cash like it's firewood, layoffs are good news.
MrPeabody is offline   Reply With Quote
The Following User Says Thank You to MrPeabody For This Useful Post:
Old 06-12-2018, 5:27pm   #7
GRN ENVY
Charter Member
Barn Stall Owner #82
BR Car Washer II,III

NCM Supporter '11,'12,'13
Bantayan Kids '14
Points: 29,162, Level: 100
Activity: 10.1%
 
GRN ENVY's Avatar
 
Join Date: Oct 2009
Location: Dunk City, FL
Posts: 8,671
Thanks: 1,394
Thanked 1,777 Times in 942 Posts
Gameroom Barn Bucks: $11203956
Default

I'm glad I didnt take the job at Tesla last year.
GRN ENVY is offline   Reply With Quote
Old 06-12-2018, 6:23pm   #8
DAB
Sparkles Flambeaux
Barn Stall Owner #4
Barn Raising I,II
NCM Supporter '13,'14,'15,'16,'17
Bantayan Kids '13,'14,'15,'17
Points: 134,656, Level: 100
Activity: 42.3%
 
DAB's Avatar
 
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 56,445
Thanks: 10,287
Thanked 21,388 Times in 11,103 Posts
Gameroom Barn Bucks: $19000188
Default

Quote:
Originally Posted by GRN ENVY View Post
I'm glad I didnt take the job at Tesla last year.
we could have called you:

Battery Boy!



DAB is offline   Reply With Quote
The Following 2 Users Say Thank You to DAB For This Useful Post:
Old 06-14-2018, 5:21pm   #9
69camfrk
Barn Stall Owner #6969
NCM Supporter '11, '12,'17,'20
Points: 50,986, Level: 100
Activity: 42.9%
 
69camfrk's Avatar
 
Join Date: Nov 2009
Location: Somewhere in GA
Posts: 20,752
Thanks: 8,024
Thanked 9,250 Times in 4,150 Posts
Gameroom Barn Bucks: $1068791
Default

Quote:
Originally Posted by DAB View Post
https://www.cnbc.com/2018/06/12/tesl...ny-report.html

this scam is going to come crashing down one day.
It has been a .gov funded scam from the start, just like the rest of his businesses.

http://www.latimes.com/business/la-f...531-story.html
69camfrk is offline   Reply With Quote
The Following 3 Users Say Thank You to 69camfrk For This Useful Post:
Old 06-14-2018, 8:44pm   #10
boracayjohnny
A Real Barner
Points: 47,961, Level: 100
Activity: 33.7%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 19,854
Thanks: 5,740
Thanked 7,581 Times in 3,759 Posts
Gameroom Barn Bucks: $1316088
Default

Tesla's are popular here. I see them all the time. Would I buy one? Nope, I can't see paying upwards of $80k. Electric mileage is electric mileage and can be had for much cheaper. But maybe I shouldn't apply common sense to something that's also used as a status symbol.
boracayjohnny is online now   Reply With Quote
The Following User Says Thank You to boracayjohnny For This Useful Post:
Old 06-14-2018, 8:52pm   #11
chinaski
A Real Barner
Points: 28,747, Level: 100
Activity: 2.4%
 
chinaski's Avatar
 
Join Date: Jun 2013
Location: Earthquakeville
Posts: 8,268
Thanks: 2,325
Thanked 4,947 Times in 2,058 Posts
Gameroom Barn Bucks: $54124377
Default

Quote:
Originally Posted by boracayjohnny View Post
Tesla's are popular here. I see them all the time. Would I buy one? Nope, I can't see paying upwards of $80k. Electric mileage is electric mileage and can be had for much cheaper. But maybe I shouldn't apply common sense to something that's also used as a status symbol.
Yup, they are really common. Girl that my wife employed got hired by them a year or two ago, I'm wondering if she'll be asking my wife for a job in the not too distant future...
chinaski is offline   Reply With Quote
Old 06-14-2018, 9:33pm   #12
boracayjohnny
A Real Barner
Points: 47,961, Level: 100
Activity: 33.7%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 19,854
Thanks: 5,740
Thanked 7,581 Times in 3,759 Posts
Gameroom Barn Bucks: $1316088
Default

Quote:
Originally Posted by chinaski View Post
Yup, they are really common. Girl that my wife employed got hired by them a year or two ago, I'm wondering if she'll be asking my wife for a job in the not too distant future...
Or she can join dude that camps out under the 101 overpass at Van Nuys.
boracayjohnny is online now   Reply With Quote
Old 06-14-2018, 9:42pm   #13
Cybercowboy
2016 Election Expert
Barn Stall Owner #64
Points: 47,598, Level: 100
Activity: 20.6%
 
Cybercowboy's Avatar
 
Join Date: Jan 2011
Location: Joplin, MO
Posts: 17,637
Thanks: 947
Thanked 8,807 Times in 4,244 Posts
Gameroom Barn Bucks: $11377365
Default

This is a tragedy of epic proportions. What will we do? Can't even spend $120,000 on a car nowadays.
Cybercowboy is online now   Reply With Quote
The Following User Says Thank You to Cybercowboy For This Useful Post:
Old 06-14-2018, 10:07pm   #14
MEANZ06
A Real Barner
Points: 36,518, Level: 100
Activity: 36.5%
 
MEANZ06's Avatar
 
Join Date: Dec 2010
Location: Left coast Beaches
Posts: 10,977
Thanks: 2,631
Thanked 2,847 Times in 1,395 Posts
Gameroom Barn Bucks: $4635107
Default

I live a few miles from the Fremont plant so we started seeing them early on. I like them, we checked them out but never crunched the #'s of electricity to charge it vs gas. Another factor was distance on a charge. They are expensive so we went conventional gas at that time. I really liked the instant torque.

Kind of a fun vid of the instant torque in action...

MEANZ06 is offline   Reply With Quote
The Following 2 Users Say Thank You to MEANZ06 For This Useful Post:
Old 06-14-2018, 11:15pm   #15
MrPeabody
A Real Barner
Points: 59,660, Level: 100
Activity: 38.7%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 33,332
Thanks: 13,733
Thanked 11,256 Times in 5,584 Posts
Gameroom Barn Bucks: $2212506
Default

Quote:
Originally Posted by boracayjohnny View Post
Tesla's are popular here. I see them all the time. Would I buy one? Nope, I can't see paying upwards of $80k. Electric mileage is electric mileage and can be had for much cheaper. But maybe I shouldn't apply common sense to something that's also used as a status symbol.
I never applied common sense to buying a Corvette.
MrPeabody is offline   Reply With Quote
Old 06-14-2018, 11:54pm   #16
boracayjohnny
A Real Barner
Points: 47,961, Level: 100
Activity: 33.7%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 19,854
Thanks: 5,740
Thanked 7,581 Times in 3,759 Posts
Gameroom Barn Bucks: $1316088
Default

Quote:
Originally Posted by MrPeabody View Post
I never applied common sense to buying a Corvette.
You wouldn't.

:rimshot:

boracayjohnny is online now   Reply With Quote
The Following User Says Thank You to boracayjohnny For This Useful Post:
Old 06-15-2018, 6:32am   #17
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20
Bantayan Kids '13,'14,'15,'17
Points: 58,294, Level: 100
Activity: 18.1%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 21,766
Thanks: 7,688
Thanked 10,653 Times in 4,320 Posts
Gameroom Barn Bucks: $17600244
Default

Quote:
Originally Posted by boracayjohnny View Post
Tesla's are popular here. I see them all the time. Would I buy one? Nope, I can't see paying upwards of $80k. Electric mileage is electric mileage and can be had for much cheaper. But maybe I shouldn't apply common sense to something that's also used as a status symbol.
You can get the Model 3 for ~35k
Dixievet is offline   Reply With Quote
Old 06-15-2018, 7:54am   #18
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 98,238, Level: 100
Activity: 99.6%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 66,927
Thanks: 38,640
Thanked 12,924 Times in 6,727 Posts
Gameroom Barn Bucks: $110018609
Default

Quote:
Originally Posted by chinaski View Post
Yup, they are really common. Girl that my wife employed got hired by them a year or two ago, I'm wondering if she'll be asking my wife for a job in the not too distant future...
Pics of girl? Pics of wife? Pics of girl and wife? Pics of girl doing... er, nevermind.

snide is online now   Reply With Quote
Old 06-15-2018, 7:55am   #19
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 98,238, Level: 100
Activity: 99.6%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 66,927
Thanks: 38,640
Thanked 12,924 Times in 6,727 Posts
Gameroom Barn Bucks: $110018609
Default

Quote:
Originally Posted by Dixievet View Post
You can get the Model 3 for ~35k
That's a lot of stripper for $35k.
snide is online now   Reply With Quote
Old 06-15-2018, 7:56am   #20
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 98,238, Level: 100
Activity: 99.6%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 66,927
Thanks: 38,640
Thanked 12,924 Times in 6,727 Posts
Gameroom Barn Bucks: $110018609
Default

Quote:
Originally Posted by MEANZ06 View Post
I really don't like the duckface on these cars.
snide is online now   Reply With Quote
Reply

The Vette Barn > Off Topic/Babes/Other > Off Topic


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 9:55am.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.
Copyright 2009 - 2019 The Vette Barn


Support the Barn:
 
Download the Mobile App;
 
Follow us on Facebook:

Become a Stall Owner

 

Apple iOS App        Google Android App

 

Visit our Facebook page