Choose your color scheme:
The Vette Barn - A Community for Corvette Lovers  
 
Go Back   The Vette Barn - A Community for Corvette Lovers > 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, 02:42pm   #1
Mike Mercury
Chief Meat Gazer
Charter Member
Barn Stall Owner #98
Barn Raising II,III,IV
Points: 83,467, Level: 100
Activity: 99.0%
 
Mike Mercury's Avatar
 
Join Date: Oct 2009
Location: Ohio
Posts: 27,649
Thanks: 8,555
Thanked 15,529 Times in 6,334 Posts
Gameroom Barn Bucks: $5110263
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 offline   Reply With Quote
Old 06-12-2018, 02:49pm   #2
MrPeabody
A Real Barner
Points: 48,827, Level: 100
Activity: 95.5%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 25,938
Thanks: 8,901
Thanked 8,115 Times in 4,243 Posts
Gameroom Barn Bucks: $2187048
Default

Can you post a link to the source of your OP?
MrPeabody is offline   Reply With Quote
Old 06-12-2018, 02:51pm   #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: 122,851, Level: 100
Activity: 100.0%
 
DAB's Avatar
 
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 52,586
Thanks: 9,111
Thanked 18,420 Times in 9,912 Posts
Gameroom Barn Bucks: $18000083
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, 03:00pm   #4
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17
Bantayan Kids '13,'14,'15,'17
Points: 50,217, Level: 100
Activity: 64.0%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 19,953
Thanks: 6,857
Thanked 9,426 Times in 3,828 Posts
Gameroom Barn Bucks: $27575179
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, 03:09pm   #5
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17
Bantayan Kids '13,'14,'15,'17
Points: 50,217, Level: 100
Activity: 64.0%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 19,953
Thanks: 6,857
Thanked 9,426 Times in 3,828 Posts
Gameroom Barn Bucks: $27575179
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, 03:17pm   #6
MrPeabody
A Real Barner
Points: 48,827, Level: 100
Activity: 95.5%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 25,938
Thanks: 8,901
Thanked 8,115 Times in 4,243 Posts
Gameroom Barn Bucks: $2187048
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, 06:27pm   #7
GRN ENVY
Charter Member
Barn Stall Owner #82
BR Car Washer II,III

NCM Supporter '11,'12,'13
Bantayan Kids '14
Points: 27,149, Level: 100
Activity: 14.6%
 
GRN ENVY's Avatar
 
Join Date: Oct 2009
Location: Dunk City, FL
Posts: 8,494
Thanks: 1,367
Thanked 1,639 Times in 876 Posts
Gameroom Barn Bucks: $806
Default

I'm glad I didnt take the job at Tesla last year.
GRN ENVY is offline   Reply With Quote
Old 06-12-2018, 07:23pm   #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: 122,851, Level: 100
Activity: 100.0%
 
DAB's Avatar
 
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 52,586
Thanks: 9,111
Thanked 18,420 Times in 9,912 Posts
Gameroom Barn Bucks: $18000083
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, 06:21pm   #9
69camfrk
Barn Stall Owner #6969
NCM Supporter '11, '12,'17
Points: 38,749, Level: 100
Activity: 73.9%
 
69camfrk's Avatar
 
Join Date: Nov 2009
Location: Somewhere in GA
Posts: 14,957
Thanks: 4,680
Thanked 6,200 Times in 2,932 Posts
Gameroom Barn Bucks: $1055356
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, 09:44pm   #10
boracayjohnny
A Real Barner
Points: 43,784, Level: 100
Activity: 43.3%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 18,531
Thanks: 5,194
Thanked 6,605 Times in 3,358 Posts
Gameroom Barn Bucks: $1311873
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 offline   Reply With Quote
The Following User Says Thank You to boracayjohnny For This Useful Post:
Old 06-14-2018, 09:52pm   #11
chinaski
A Real Barner
Points: 22,045, Level: 100
Activity: 43.2%
 
chinaski's Avatar
 
Join Date: Jun 2013
Location: Northridge, California
Posts: 6,965
Thanks: 2,068
Thanked 3,754 Times in 1,613 Posts
Gameroom Barn Bucks: $3603567
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, 10:33pm   #12
boracayjohnny
A Real Barner
Points: 43,784, Level: 100
Activity: 43.3%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 18,531
Thanks: 5,194
Thanked 6,605 Times in 3,358 Posts
Gameroom Barn Bucks: $1311873
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 offline   Reply With Quote
Old 06-14-2018, 10:42pm   #13
Cybercowboy
2016 Election Expert
Barn Stall Owner #64
Points: 43,380, Level: 100
Activity: 44.3%
 
Cybercowboy's Avatar
 
Join Date: Jan 2011
Location: Joplin, MO
Posts: 16,367
Thanks: 807
Thanked 7,527 Times in 3,703 Posts
Gameroom Barn Bucks: $11371621
Default

This is a tragedy of epic proportions. What will we do? Can't even spend $120,000 on a car nowadays.
Cybercowboy is offline   Reply With Quote
The Following User Says Thank You to Cybercowboy For This Useful Post:
Old 06-14-2018, 11:07pm   #14
MEANZ06
A Real Barner
Points: 32,861, Level: 100
Activity: 13.6%
 
MEANZ06's Avatar
 
Join Date: Dec 2010
Location: Left coast Beaches
Posts: 9,852
Thanks: 2,003
Thanked 2,348 Times in 1,166 Posts
Gameroom Barn Bucks: $4632365
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 06-15-2018, 12:15am   #15
MrPeabody
A Real Barner
Points: 48,827, Level: 100
Activity: 95.5%
 
MrPeabody's Avatar
 
Join Date: Dec 2010
Location: Northern California
Posts: 25,938
Thanks: 8,901
Thanked 8,115 Times in 4,243 Posts
Gameroom Barn Bucks: $2187048
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 06-15-2018, 12:54am   #16
boracayjohnny
A Real Barner
Points: 43,784, Level: 100
Activity: 43.3%
 
boracayjohnny's Avatar
 
Join Date: Oct 2009
Location: Out back of Victory Over America Palace, Baghdad while throwing chicken bones.
Posts: 18,531
Thanks: 5,194
Thanked 6,605 Times in 3,358 Posts
Gameroom Barn Bucks: $1311873
Default

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

:rimshot:

boracayjohnny is offline   Reply With Quote
The Following User Says Thank You to boracayjohnny For This Useful Post:
Old 06-15-2018, 07:32am   #17
Dixievet
Administrator
Barn Stall Owner #14
Barn Raising II,III Chef

NCM Supporter '11,'12,'13,'14,'15,'16,'17
Bantayan Kids '13,'14,'15,'17
Points: 50,217, Level: 100
Activity: 64.0%
 
Dixievet's Avatar
 
Join Date: Oct 2009
Location: between here and there
Posts: 19,953
Thanks: 6,857
Thanked 9,426 Times in 3,828 Posts
Gameroom Barn Bucks: $27575179
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, 08:54am   #18
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 84,700, Level: 100
Activity: 99.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 47,081
Thanks: 22,940
Thanked 9,548 Times in 4,947 Posts
Gameroom Barn Bucks: $113044169
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, 08:55am   #19
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 84,700, Level: 100
Activity: 99.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 47,081
Thanks: 22,940
Thanked 9,548 Times in 4,947 Posts
Gameroom Barn Bucks: $113044169
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, 08:56am   #20
snide
Barn Raising II,III
NCM Supporter '13
Bantayan Kids '17
Points: 84,700, Level: 100
Activity: 99.3%
 
snide's Avatar
 
Join Date: Oct 2009
Location: I could never live there.
Posts: 47,081
Thanks: 22,940
Thanked 9,548 Times in 4,947 Posts
Gameroom Barn Bucks: $113044169
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 - A Community for Corvette Lovers > 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 -4. The time now is 07:57am.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
User Alert System provided by Advanced User Tagging (Lite) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.
Copyright 2009 - 2018 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