Approximately a month ago, I shared news that Tesla was laying off 500 employees focused on EV charging systems. This was a huge shock to the industry, since Tesla hosts the largest network in the country. As with other things, Elon Musk reversed himself and is now rehiring the same people, some of which they lost to their competitors. My take-aways: 1) Tesla EV charging is back in business! 2) Even big companies make strategic mistakes. 3) Big strategic moves need to be analyzed and evaluated. Let's leave the knee jerk reactions to goalies and snake handlers. https://lnkd.in/gv2k682n
Lev Buslovich, MBA’s Post
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A week later, a contact writes: "Right now, we're working with some OEMs at different stages of #Tesla Supercharger integration. "So far, no one seems to have a clue what's going on ... or what [the loss of the entire Supercharger group] means for them" and for future charging by their #EV buyers. DO we know any more a week later? Discuss. #autoindustry #automotive #electriccars #electricvehicles #evcharging #superchargers #elonmusk
Rebecca Tinucci, senior director of #EV charging, reportedly leaves #Tesla today w/almost all her 500-person team in even deeper cuts to headcount. She had led efforts to get other makers to adopt the NACS plug. A Musk email says Tesla will finish Superchargers under construction + build out some new ones. First reported by The Information, which is paywalled. DISCUSS. #electricvehicles #electriccars #autoindustry #automotive #elonmusk https://lnkd.in/ew-pje_v
Musk lays off Tesla senior executives in fresh job cuts, The Information reports
reuters.com
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Making Businesses more Sustainable and Purposeful. 🍀 Real Estate I Family Office I Private Equity I ESG. 地产 I 家族理财 I 私募基金 I ESG 🌏
Elon Musk's pursuit of Tesla's robotaxi dreams has plunged the company into a state of unprecedented chaos. With Tesla's stock plummeting over 40% amidst sales declines and strategic uncertainties, Musk's recent decisions have left many bewildered. The CEO's ambitious focus on advancing a next-generation, self-driving vehicle concept, the robotaxi, has overshadowed other projects, including a cheaper electric car initiative. This shift in direction, coupled with Tesla's largest layoffs to date, has rattled the workforce and raised doubts about the company's trajectory. While Musk's commitment to autonomy has sparked both optimism and skepticism, concerns persist about the readiness of Tesla's Full Self-Driving (FSD) technology and regulatory obstacles. Moreover, reports of poorly executed layoffs have further damaged the company's reputation. Nevertheless, Musk remains resolute in his vision for Tesla's future. However, with investors and employees grappling with uncertainty, the path forward for the electric carmaker appears fraught with challenges. #Growth #FullSelfDriving #RoboTaxi #Business #Finance #Leadeership #Risks #Opportunities I Bloomberg News I Edward Ludlow I Dana Hull
Elon Musk’s Robotaxi Dreams Plunge Tesla Into Chaos
bloomberg.com
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Elon Musk wants this Tesla network to expand after firing employees making it Full Article Link >>> https://lnkd.in/gEn_yhpa Elon Musk touted plans to expand Tesla Inc.’s Supercharger network just over a week after firing almost all of the roughly 500 people who ran the business. Tesla CEO Elon Musk (via REUTERS) Also Read: Sacked Tesla employee says Elon Musk’s company is selling magic: ‘Will look back on the time fondly’ Unlock exclusive access […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Elon Musk wants this Tesla network to expand after firing employees making it
latestind.com
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Great to have many #EV alternatives today ... "Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by 20,1%" 😵💫 As an admirer of the Tesla brand, I was thrilled when I got my first #Tesla 2,5 years ago. The innovation, the vision for the future, and the #electric revolution they represented were all incredibly inspiring. However, my feelings have taken a turn. The #quality of my Tesla regarding hardware and software hasn't held up to expectations, and I've encountered more issues than I anticipated. Moreover, #ElonMusk's behavior and decisions have also contributed to my changing perspective. While I once admired his boldness and unconventional approach, some of his recent actions have left me feeling disillusioned. Whether it's his controversial statements on social media or his unpredictable behavior, I can't help but question his #judgment and #leadership. It's a reminder that even the most admired brands can falter, and that #loyalty should always be tempered with #critical thinking. Source: https://lnkd.in/eC35rxuv #emobility #charging #charger #ac #wallbox #battery #elektromobilität
Elon Musk wanted Tesla to slash its headcount by 20% because its quarterly vehicle deliveries fell by that much, Bloomberg source says
msn.com
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In a recent memo, first disclosed by Electrek, Tesla's CEO Elon Musk unveiled plans to reduce its global electric vehicle workforce by more than 10%. Musk emphasized the necessity of this streamlining for future innovation and agility. According to its latest annual report, Tesla had 140,473 employees worldwide as of December. Musk's memo underscores the significance of a lean organizational structure in navigating growth. The departure of key executives such as Andrew "Drew" Baglino, head of powertrain and energy engineering, signals potential challenges ahead. Analysts view these departures as obstacles for Tesla's expansion. Analysts from Gartner and Hargreaves Lansdown attribute the layoffs to cost pressures amid investments in new models and AI. Tesla's slower model refresh rate, combined with competition from affordable EVs, has led to production adjustments at facilities like the Gigafactory in Shanghai and the Cybertruck line in Austin. Despite these hurdles, Musk remains committed to Tesla's mission of making affordable EVs accessible. As Tesla prepares to report quarterly earnings, it faces scrutiny amid declining deliveries and market expectations. With shares down in premarket trading, Tesla finds itself at a critical juncture in its growth trajectory. #TheSocialTalksToUs #Tesla #ElectricVehicles #Layoffs #ElonMusk #CorporateStrategy #Thesocialtalks
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Senior Vice President of Sales at Sotheby's International Realty Canada | Connoisseur of Life | Award Winning Toronto Realtor
Tesla has announced another substantial round of job cuts, this time impacting its Supercharger group, a core component of its EV infrastructure. The layoffs affected nearly the entire team, including Senior Director of EV Charging, Rebecca Tinucci, totaling approximately 500 positions. Coming on the heels of a previous reduction of over 14,000 workers, these cuts are part of a broader initiative by Tesla to dramatically reduce its headcount and operational costs. In a recent communication, CEO Elon Musk emphasized the necessity for the company to be "absolutely hardcore about headcount and cost reduction" to sustain its growth and market leadership. #Tesla #ElectricVehicles #AutomotiveIndustry #BusinessStrategy #JobCuts #Supercharger https://lnkd.in/g32kWpX7
Tesla Axes Supercharger Team in Blow to Broader EV Market
bloomberg.com
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Tesla will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand. bit.ly/49T8pwl The CEO cited duplication of roles and the need to reduce cost as reasons for the cuts in the memo seen by Bloomberg News. If the cuts apply companywide, the dismissal would amount to more than 14,000 employees. Tesla reported vehicle deliveries early this month that missed expectations by a wide margin, posting its first quarterly decline in four years. Several analysts are bracing for the EV maker’s sales to potentially shrink for the year, citing slow output of its newest model—the Cybertruck—and a lull in new products until the company starts producing a next-generation vehicle late next year.
Tesla will cut over 10% of its global workforce—some 14,000 employees—in face of slowing EV demand
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Elon Musk wants this Tesla network to expand after firing employees making it Full Article Link >>> https://lnkd.in/gEYCqYBs Elon Musk touted plans to expand Tesla Inc.’s Supercharger network just over a week after firing almost all of the roughly 500 people who ran the business. Tesla CEO Elon Musk (via REUTERS) Also Read: Sacked Tesla employee says Elon Musk’s company is selling magic: ‘Will look back on the time fondly’ Unlock exclusive access […] . . Latest IND . . . . #trendingnews #newstrending #trendingtopicnews #lifestyle #business #news #healthylifestyle #smallbusiness #supportsmallbusiness #lifestyleblogger #luxurylifestyle #businessowner #businesswoman #smallbusinessowner #businessnews
Elon Musk wants this Tesla network to expand after firing employees making it
latestind.com
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Tesla will slash global headcount by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand. bit.ly/49T8pwl The CEO cited duplication of roles and the need to reduce cost as reasons for the cuts in the memo seen by Bloomberg News. If the cuts apply companywide, the dismissal would amount to more than 14,000 employees. Tesla reported vehicle deliveries early this month that missed expectations by a wide margin, posting its first quarterly decline in four years. Several analysts are bracing for the EV maker’s sales to potentially shrink for the year, citing slow output of its newest model—the Cybertruck—and a lull in new products until the company starts producing a next-generation vehicle late next year.
Tesla will cut over 10% of its global workforce—some 14,000 employees—in face of slowing EV demand
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Partner at Olshan Frome Wolosky LLP
4moAre you dissing goalkeepers? We don’t make kneejerk reactions, we make split-second strategic decisions.