Tesla falls after company says more than 10% of workforce will be laid off

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  • Опубликовано: 14 апр 2024
  • Tesla shares took a hit after the electric vehicle maker announced that it would lay off more than 10% of its global workforce.

Комментарии • 100

  • @davidyim927
    @davidyim927 Месяц назад +2

    You mean the stainless steel fridge on wheels barreling down Broadway.😂

  • @willtwain1383
    @willtwain1383 Месяц назад +20

    Cuts mean you are in trouble.

    • @silentgreen0058
      @silentgreen0058 Месяц назад +1

      Yes, but necessary and they need to focus on efficiency thru this current period.

    • @willtwain1383
      @willtwain1383 Месяц назад +1

      @@silentgreen0058 Ya, they will make it, but the glory years are over.

    • @sciencefliestothemoon2305
      @sciencefliestothemoon2305 Месяц назад +1

      As it did for meta last year? Which laid off 13% of its workforce?

    • @willtwain1383
      @willtwain1383 Месяц назад +3

      @@sciencefliestothemoon2305 Meta had overtired, and has a different set of problems.
      Musk is laying off because demand is down. Next year's sales look bad.

    • @sciencefliestothemoon2305
      @sciencefliestothemoon2305 Месяц назад +1

      @@willtwain1383
      How can next year's sales look bad? Do you have a crystal ball?
      Cause none of these genius analysts predict the next year ever, otherwise they wouldn't have been so surprised by NVIDIA.

  • @christophermackenzie9399
    @christophermackenzie9399 Месяц назад +11

    Elon is nuts. Thats the problem. Hes the problem. And to say the cybertruck is cool? ..A rusty stainless steel refrigerator with wheels.. is in your words "pathetic." 😂

    • @rkgsd
      @rkgsd Месяц назад +1

      When the prototype was first revealed, he said all pickups looks alike and that he didn't care what anyone thought of the unique design. The only thing that mattered was that he liked it because it won't be a volume seller.

    • @benjaminmeusburger4254
      @benjaminmeusburger4254 26 дней назад

      @@rkgsd " it won't be a volume seller."
      then why design/produce it in the first place?
      it took some 5 years of research and developement to get the production on assembly line standards AFTER they presented the prototype

  • @seanjung9986
    @seanjung9986 Месяц назад +2

    He just fired 10% of his employees but he wants his bonus.. smh

  • @SpockvsMcCoy
    @SpockvsMcCoy Месяц назад +14

    Man-child Elon's Day of Reckoning with the Real World, LOL😂😂😂

    • @Alonzo-kt8kf
      @Alonzo-kt8kf Месяц назад +2

      💯

    • @csuporj
      @csuporj Месяц назад +1

      He sold a lot of his tesla shares at the peak.

  • @drlove994
    @drlove994 Месяц назад +5

    Average company that makes average vehicles.

  • @DeannaMurray-zv
    @DeannaMurray-zv Месяц назад +89

    The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

    • @WyattSmith-v
      @WyattSmith-v Месяц назад +1

      The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.

    • @BeverleeR.Ziegler
      @BeverleeR.Ziegler Месяц назад +1

      A downtrend offers an equally high-yielding avenue if you have the necessary skills and knowledge. This is why I've been using an investment advisor to scale up during this difficult time, and it's the only way I've been able to raise up to $150K in the last six months. It all comes down to technique. The downtrend gives you room to focus on the market and grow-substantially whether in the long or short run.

    • @_EduardoAzevedo
      @_EduardoAzevedo Месяц назад +1

      I've wanted to start investing for a few months, but just haven't had the courage to start because the market has been down for most of last year. Please how can I reach out to your financial advisor and what are their services like?

    • @BeverleeR.Ziegler
      @BeverleeR.Ziegler Месяц назад

      @@_EduardoAzevedo
      I work with Jennifer Lea Jenson, a licensed fiduciary. Simply look up the name. The information you need to work with a letter to schedule an appointment would be included.

    • @BeverleeR.Ziegler
      @BeverleeR.Ziegler Месяц назад +1

      One of the fiduciaries I deal with is Jennifer Lea Jenson. Just check the name. There would be a letter with the necessary information to set up an appointment.

  • @hollyloomer7667
    @hollyloomer7667 Месяц назад +23

    "Clearly you don't follow Kim Kardashian - you're pathetic" WOW did she just say that to him? Ok Sarah... I mean Karen!

    • @eddox33
      @eddox33 Месяц назад +8

      She is a B

    • @h4x0rrrr
      @h4x0rrrr Месяц назад +1

      i thought that was hilarious

    • @kamhart
      @kamhart Месяц назад +1

      Completely changed my thoughts on Elon musk, and on Tesla lost lotta respect for Mr. Musk today. The employees that got laid off on the worst Monday of their life. We're totally blindsided. These are single parents way to go Elon.

  • @stefan2796
    @stefan2796 Месяц назад +15

    EVs are too expensive for most people. Most sales are business lease contracts/fleet sales. And these type of sales are dropping like a stone...

    • @wifine1951
      @wifine1951 Месяц назад +2

      Not in the USA

    • @NguyenLe-nw2uj
      @NguyenLe-nw2uj Месяц назад +1

      in Europe they cost more or less the same

    • @freespiritable
      @freespiritable Месяц назад

      China's EVs flooding Europe

    • @csuporj
      @csuporj Месяц назад

      @@NguyenLe-nw2uj Because they are subsidized. Eliminate the subsidies, and nobody will buy them.

  • @mandelm2001
    @mandelm2001 Месяц назад +2

    “Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America,” Musk tweeted Monday. “Then extend to rest of world after we ensure it works well on local roads and regulators approve it in that country.” May 8, 2023
    Tesla just did that, they made it available to all Teslas that support FSD in the US and Canada. I’ve driven it and it is mind blowing. New versions come out every two weeks so it is improving rapidly. The product is now end to end AI and trains using actual driver video. Supervised Full Self Driving is no longer a Beta product and is now ready for wide release.
    They just lowered the price to $99/mo and anecdotally the take rate will be much higher than before. I certainly will do it.

  • @bernardwatkins1759
    @bernardwatkins1759 Месяц назад +13

    The irony. She is the one who is lame for following the kardashians lol

  • @thisguy73
    @thisguy73 Месяц назад +16

    Are the fan boys who are down 65% from peak still not understanding what a stop loss is?

    • @walden6272
      @walden6272 Месяц назад +1

      What percentage should you set your stop loss at?

    • @Wildboy789789
      @Wildboy789789 Месяц назад +3

      ​@walden6272 most hedgefunds set them at 7% down from their buy, they also sell when 7% up... if u wanna miss the big swings u should set your sells at 6.5% down or up

    • @walden6272
      @walden6272 Месяц назад

      @@Wildboy789789 I see. Thanks. I thought about setting mine at 5% because I hate losing profits.

    • @csuporj
      @csuporj Месяц назад +1

      The tesla ponzi still has potential to grow.

  • @rkgsd
    @rkgsd Месяц назад +2

    MUSK NEEDS TO RESIGN! He's no longer the focused visionary. He's now the distracted head case.

  • @auroraborealis-zm1or
    @auroraborealis-zm1or Месяц назад +32

    That's what happens when you spend $44 billion on rubbish.

    • @menotyou1234
      @menotyou1234 Месяц назад +1

      Thanks to Bye-Done's Relentless weaponized several departments...

    • @csuporj
      @csuporj Месяц назад +2

      He wants to make twitter a payment app. If you take just 0.1% from every payment of 10 million users, you get 10000 salaries from them.

    • @csuporj
      @csuporj Месяц назад +2

      He just needs some good propagand to convince people to pay with X instead of google pay or whatever.

    • @ronaldreagan-ik6hz
      @ronaldreagan-ik6hz Месяц назад

      sure. that "fight for free speech thing" is rubbish huh? LOL

  • @keepleft
    @keepleft Месяц назад +1

    "Hey guys, I just tried to pay myself $56 billion. Even though it didnt happen, I dont have enough money for you. K bye."

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu Месяц назад +5

    I would buy the stock at $17 per share. I would buy an EV car at $18K. See the mismatch with reality?
    It was a nice novelty car company for those people making North of $150K per year that could afford the home charging system in their garage and pay the premium price for the car and the concept because they are Environmentally conscientious and financially able.
    But this guy needs to realize that 500K units per year is such a minute segment of the overall
    automobile market to justify anything but maybe a $17 share price.
    How many units does Ford sell of it's F150 Truck annually? And yet it's a $12 per share stock.

    • @zk1476
      @zk1476 Месяц назад +1

      😂😂😂 company is valued by market cap not share price

    • @sciencefliestothemoon2305
      @sciencefliestothemoon2305 Месяц назад +1

      EV =/ ICE
      The same way Ford has no market share in horse carriages.
      Tesla has 50+% in the EV market.
      You may not have realised it the ICE car is dead, unsustainable at the current rate of climate change.

    • @csuporj
      @csuporj Месяц назад

      @@sciencefliestothemoon2305 Are you sure petrol is dead? People will soon realize what a scam EV is. Like they realized 120 years ago.

  • @incyphe
    @incyphe Месяц назад +3

    Wait until the huge write-down they'll have to do when the cyber truck initial sales momentum fall off the cliff.

    • @walden6272
      @walden6272 Месяц назад

      With their defective accelerating pedal getting stuck at full throttle, those Cybersuck drivers will literally go off the cliff.

    • @mandelm2001
      @mandelm2001 Месяц назад +2

      They have been flipped for $250K and the waiting list is 2 million. I don’t think your thesis has any basis in reality.

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu Месяц назад +7

    It's hard to mass sell a vehicle that retails North of $40K for the working class market that can't spend more than $23K. Then of course there is the charging time. Most of the $23K Market forks are living in cramped apartments with NO Tesla charger in their living rooms and no streetside charger provided by the complex.
    There's just a whole segment of the market that is NOT going to adopt this technology at a 65% price premium and then have to drive the car somewhere and wait 3 hours for a marginal charge for the day's use.
    It's not competitive with ICE yet for mass market appeal. Plus they seem to loose resale value faster.
    Look we all want to stop climate change/global warming/ all that stuff. But the smarter way is probably going to get people back into some aspects of medium range mass transit. My area has a NEW Brightline train service that plans to build a station in Stuart, Martin County FL, where there is poor EV adoption. For me, the benefit is access to Orlando or West Palm or Miami to get from home to an airport the easiest with no use of a personal car.
    There is of course one other option, Tesla could design a car with a fold down seats that double as a bed. Since I will have to wait 3-4 hours to charge it, I will probably have to sleep in the car while it charges. Unless large charging banks are built around employers, then people can have the car charge in the day while at work. But most employers don't seem to interested in paying for chargers.

    • @TechedOff
      @TechedOff Месяц назад +2

      Spot on. Those first three paragraphs are like spot on and it seems so obvious that that is the case, yet these expert analysts keep spewing the idea that nobody wants them and there is no demand. I don't buy it at all. Every 4 out of 5 people I talk to at my apartment complex all want EVs, but it isn't our job to convince our property manager or employer to install chargers. 40k is also certainly not mass market. Once a mid specced EV retails for about 30k and starts in the mid 20s, mass adoption will follow in short order.

  • @matteoromenghi
    @matteoromenghi Месяц назад +4

    Too much weed hurts...

  • @rogerfox2919
    @rogerfox2919 Месяц назад +5

    Did that girl just call that guy pathetic on live television on a business channel. CNBC what are you doing?

    • @freespiritable
      @freespiritable Месяц назад +1

      Trying to bait views and interaction in comments. They did it, all comments are about it. We humans are so predictable.

  • @eddox33
    @eddox33 Месяц назад +30

    Sarah you called him pathetic you are such a B

    • @robyates8438
      @robyates8438 Месяц назад +4

      Not having instagram is opp of pathetic

    • @davidyim927
      @davidyim927 Месяц назад +3

      She must be EV activist. 🤒

  • @mikebloise471
    @mikebloise471 Месяц назад +3

    Part of Tesla is heading to India ....

  • @petebusch9069
    @petebusch9069 Месяц назад +1

    Ha, the next phase is phasing these disasters out.

  • @extraincomesuz
    @extraincomesuz Месяц назад

    Or it could mean he's going to replace people with robots.🤔

  • @jesterjuice9810
    @jesterjuice9810 Месяц назад +6

    what is wrong with that girl calling a grown man pathetic live on television, and on top of that isn’t even speaking loud enough, why is kim being brought up we’re talking about Tesla here smh 🤦‍♂️

  • @Unpack
    @Unpack Месяц назад +3

    would you buy rivian stocks?

  • @ronaldreagan-ik6hz
    @ronaldreagan-ik6hz Месяц назад

    i dont get the cyber Truck thing. seems unpractical

  • @nunocosta-vt5xq
    @nunocosta-vt5xq Месяц назад +2

    Only hope as a sharewolder that the fired can get some good cash at least right elon?

  • @frankstein4931
    @frankstein4931 Месяц назад +1

    I pray these tesla and other tech sector layoffs DO inspire the newly unemployed to find apt leadership and financial backing to ordinately compete with all companies that believe it at all profitable to listen to a machine explaine to you how it is best to use machines to distribute (fast food service) french fries for example to humans for eating, as well any job now accomplished by slow and accident prone organic life forms.
    Of course we might mention to these that now and then any layoffs experienced are simply to downsize the labor force because the machines are now programmed with all of your invested time and efforts, and they find you all unnecessary. It is our future to deny ourselves a future. Some one else can purchase and drive these cars if you lack the vision. Truly sarcasm has no place any longer in our society so please forgive me.

  • @dscuffman7679
    @dscuffman7679 Месяц назад +2

    Instagram is pathetic

  • @sircaliber1
    @sircaliber1 Месяц назад +11

    He didn't go woke but he still broke

    • @walden6272
      @walden6272 Месяц назад +1

      He's a joke so he go broke.

  • @RaniVeluNachar-kx4lu
    @RaniVeluNachar-kx4lu Месяц назад +3

    David, Resist the Tech Trends. How long did Warren use a Flip Phone? Like he just got a smart phone last year. And he could buy the whole company.

  • @juggernaut316
    @juggernaut316 Месяц назад +1

    Following Kim Kardashian is what's pathetic

  • @MoneyMattersChannel1
    @MoneyMattersChannel1 Месяц назад +1

    ALWAYS TRUST IN TESLA ❤

  • @Agent77X
    @Agent77X Месяц назад +1

    Tesla has no fr the business media now! Only negative spin on anything Tesla related!😂

  • @kwekujunior2600
    @kwekujunior2600 Месяц назад

    More downside for Tesla. This company is not even worth its current market cap. it should be trading around 180billion market capitalisation. Finally the market has recognised this overvalued company.

  • @screenapple1660
    @screenapple1660 Месяц назад +1

    Tesla have to layoff many oversea communist chinese workers; force to return home to china or force to work china's Tesla factory. Why? too many competitor copies (Lucid, BYD, etc) or industrial espionage issues which makes unfair business practice. . Who is responsible for layoffs? Yellen.

  • @silentgreen0058
    @silentgreen0058 Месяц назад +2

    Layoffs are necessary to properly manage the business. Now we need direction and a plan for the current situation….Elon?

  • @sebastianfalcon3834
    @sebastianfalcon3834 Месяц назад +1

    Omg I’m not even following Kim Kardashian on instagram (an app I never use but have) I should be made fun of on live television. The real loser/pathetic person is the person following Kim kardashian on instagram. She wouldn’t even bat an eye if she saw you in real life, she just needs followers for her money.