Stock Market

[Emerson0311]

Oh no.

Tesla To Slash Global Headcount By More Than 10%, Electrek Reports | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

S3th will be along soon to shill for it and tell us we are dumb. Unless he got the axe too.

 

[Hobo Hilton]

More than the low life leaving TSLA.

Tesla execs Drew Baglino and Rohan Patel depart as company announces steep layoffs​

https://www.cnbc.com/2024/04/15/tesla-execs-drew-baglino-and-rohan-patel-depart-amid-steep-layoffs.html

 

[Hobo Hilton]

Anyone calling this "The Top" ?

 

[Lightning8]

From "1440" this am:

Tesla's Internal Shake-Up

Tesla is planning to lay off over 14,000 employees—more than 10% of its global workforce—in its first large-scale layoffs in over a year, according to an internal memo this week. The company's electric vehicle sales have begun to stagnate amid a decline in demand and increased competition from Chinese carmakers. Tesla's shares fell over 5% on the news.

CEO Elon Musk said the layoffs are part of cost-cutting measures as the company prepares for its next phase of growth. Also yesterday, two top executives at Tesla announced their departure: engineering executive Drew Baglino and policy and outreach executive Rohan Patel.

The shake-up comes after Tesla earlier this month posted its first year-over-year decline in quarterly sales since 2020. The report came after China’s BYD briefly overtook Tesla as the world's top seller of battery electric vehicles last year. In January, Musk said Tesla would soon release a cheaper, $25K model rumored to compete with BYD. That plan has now reportedly been tabled, with Musk prioritizing the debut of a robotaxi fleet in August.

 

[Hobo Hilton]

From "1440" this am:

Tesla's Internal Shake-Up

Tesla is planning to lay off over 14,000 employees—more than 10% of its global workforce—in its first large-scale layoffs in over a year, according to an internal memo this week. The company's electric vehicle sales have begun to stagnate amid a decline in demand and increased competition from Chinese carmakers. Tesla's shares fell over 5% on the news.

CEO Elon Musk said the layoffs are part of cost-cutting measures as the company prepares for its next phase of growth. Also yesterday, two top executives at Tesla announced their departure: engineering executive Drew Baglino and policy and outreach executive Rohan Patel.

The shake-up comes after Tesla earlier this month posted its first year-over-year decline in quarterly sales since 2020. The report came after China’s BYD briefly overtook Tesla as the world's top seller of battery electric vehicles last year. In January, Musk said Tesla would soon release a cheaper, $25K model rumored to compete with BYD. That plan has now reportedly been tabled, with Musk prioritizing the debut of a robotaxi fleet in August.

TSLA just needs a few $Billion$ of US Government money. Build Back Better.

 

[Lightning8]

TSLA just needs a few $Billion$ of US Government money. Build Back Better.

I do not think a Democrat controlled government is giving anything to Tesla - I suspect this is part of Tesla's problems - they went from the Golden Child of the elites to an outcast.

Honestly, all manufacturing companies carry too much overhead - would be interesting to see a breakout of the Tesla layoffs. If the layoffs are in the support/admin - then probably a good thing.

 

[Emerson0311]

I do not think a Democrat controlled government is giving anything to Tesla - I suspect this is part of Tesla's problems - they went from the Golden Child of the elites to an outcast.

Honestly, all manufacturing companies carry too much overhead - would be interesting to see a breakout of the Tesla layoffs. If the layoffs are in the support/admin - then probably a good thing.

Is Tesla still profitable due to carbon credit markets? Do they actually make money on the card they sell? It has always seemed to to be a Ponzi scheme to me. Elon may be being positioned to become the outsider that “saves” us all. Hint, those plans always end up being assfucking games.

 

[Hobo Hilton]

The IMF wants more American dollars.

The outlook for the global economy is for continued solid growth and declining inflation, bolstered by stronger-than-expected growth in the United States, the International Monetary Fund said Tuesday. In its latest update of its World Economic Outlook, the IMF projected U.S. growth of 2.7% annual rate this year. That’s 0.6 percentage points higher than the forecast in January and 1.2 percentage points above the forecast last October.
The U.S. economy will then cool slightly to a 1.9% rate in 2025, the agency said.
“The strong recent performance of the United States reflects robust productivity and employment growth, but also strong demand in an economy that remains overheated,” said IMF chief economist Pierre-Olivier Gourinchas, in a blog post accompanying the report.

https://www.marketwatch.com/story/imf-projects-sharply-stronger-growth-for-u-s-in-2024-95c2a2b1?mod=bnbh