I’m so sorry, being laid off sucks. It’s wild that Elon basically did the meme from Hard Knocks and didn’t at least have managers notify people in person.
From someone who's done 4 care free SoCal-Austin/Starbase trips in FSDed M3P & MYLR: I saw one independent installations contractor post a video that he was sad for those let go, & how, but understood that he & his peers would continue to be paid & supplied, PLUS new contractors and site owners, such as Walmart & "transitioning" BP, etc., gas stations, were already being scheduled for taking over from the old team's expansion projects. Also, that the "pudding proof" of the new deployment process would sooner than later suffice as "explanation" much better than Tesla attempting to convince the already doubting public of the veracity of their new approach.
Layoffs are not a good sign and I know people affected that were good at their jobs. Elon vision is corrupted and I wish the board pushed him out. But that will never happen. Tesla needs a leader not a Elon.
Robotaxis are irrelevant to me, as are sending off my car to be used as a robotaxi, or riding in a robotaxi or Uber/lyft etc. On the other hand, we have two SUVs, a 2021 Mazda CX5 and a 2024 Model Y. We will need 1 SUV and a small EV to be used as a commute to work car within 2 years. I was hoping that commuter car would be a "Model 2". Now it looks like it will be something else. I guess it could end up being a BYD or other Chinese small car. I am disappointed it likely won't be another Tesla; the Model Y is a great car.
It seems very common that when a high paid employee leaves a company, they say it is their own choice and it is always to spend more time with family. Which I'm sure can be true in a few cases, but it seems to be a too common of a reasoning. Elon also loves to just fire important staff at companies as well.
I think one point of disappointment with the 4680s might be the density and charging speed. I don't think the density is much better than the previous stye, and the charging speed is worse.
Just a thought but didn't Tesla partner with CATL recently for fast charging and higher density batteries. Maybe the 4680 being a bust and CATL partnership made Drew expendable. Wouldn't be surprised to see him end up with with GM or Ford, NDA be damned.
The way I see it, people are paying Tesla so that Tesla can collect the data from those who paid as opposed to paying actual workers to collect the data, then sell an Uber like service to the masses while those who do have FSD will be deprioritized or have to pay a fee to have their Tesla do the same thing, if those people even have powerful enough hardware
People are getting value from their supervised v.12 FSD right now. A potential robotaxi future is secondary to the current value of the software to ~10% of the customer base. The only way to get to real general autonomy is the way Tesla is doing it. Paying drivers would take exponentially more time and cost. Even with the current setup and hundreds of billions of miles driven, the data and data processing has only gotten is to the current state of things. FSD will happen at some point as the neural nets' pace of self-learning accelerates. When customers and regulators will trust it beyond that is anybody's guess.
I'm short Telsa, and have another order to sell more if they go below 160. Tesla dropping to $16 would mean they are still priced more than Toyota, the worlds largest car manufacturer, like really?
We are still a number of years away from level 5 autonomy which is need for the robo-taxi. We do need a leader at Tesla that would expand Tesla product lines.
i still don't see people changing their mentality in the next decade that they don't want a car in their driveway....or even need a driveway?!? seems like a huge risk.
If he’s a such a threat he should get hired by the competition to try and overthrow Tesla. Or maybe we should stop being conspiratorial and accept him at his word.
@@deplorablechump8758frequently lie about things regarding Tesla, hurt stock price by forcing the company to be involved in politics which scares off a huge segment of the market, waste money on development of projects that will go nowhere (Optimus, roadster), lost focus on Tesla in his pursuit of other projects like Twitter and SpaceX, and has permanently tainted the brand image. If he didn’t have an army of fanboys and yes-men then he would have been removed by now
What an ignorant take. The downsizing that needs to happen in the automotive industry is MASSIVE. Tesla rightsized first, the rest of the industry will wait far too long and their cuts will be far bigger. I’m looking forward to you ignoring that when it inevitably happens.
From someone who's done 4 care free SoCal-Austin/Starbase trips in FSDed M3P & MYLR, FYI: Independent SC Installer Successfully Adapts to Tesla Layoffs Smart Charge America ruclips.net/user/liveI--nHP7NTbY?si=pwnQoPrj9LtSkYX6 An independent installations contractor says he was sad for those let go, & how, but understood that he & his peers would continue to be paid & supplied, PLUS new contractors and site owners, such as Walmart & "transitioning" BP, etc., gas stations, were already being scheduled for taking over from the old team's expansion projects. Also, that the "pudding proof" of the new deployment process would sooner than later suffice as "explanation" much better than Tesla attempting to convince the already doubting public of the veracity of their new approach.
I saw that Marques brownlee is making more “worst product I ever reviewed” videos. I swear, when Aptera comes out and it needs software updates, keep it away from Marques.
Weird so why do Uber and Lyft exist? There are many people whose lifestyle does not align with owning a vehicle but still need convenient personal transportation sometimes.
Car culture, it's a thing. My wife barely even drives but she won't be without a car. She won't borrow mine and she won't catch a cab. I doubt that she even does 20 miles per week, on average, but she has to have a car.
I don’t think you’re far off on behind the scenes stuff. That said, I do think Tesla still needs Elon there. In fact, from a global impact perspective, I think Tesla is still Elon’s most important venture. So, as much as I respect Drew and Rohan, if they were no longer compatible with Elon then it’s time for new blood.
Severance is largely a matter of the legal system you work under. If you live in the US, you basically have no employment rights so its up to your contract. In Europe (EU, UK) and other civilised countries, employees are protected from employers because you always protect the person with the least power, which is to say kids from adults, employees from employers, civilians from soldiers, bicycles from lorries. If they aren't getting much severance, that's up to the country they live in to provide better redundancy protection. Maybe Elon should do an Alphabet and operate an umbrella company under which Space X, X, The Boring Company, Neuralink and Tesla sit? It's possibly too late to do that though. Honestly, he must be delegating most things because the three most important companies are doing well. TBC is doing abominably so could honestly do with some love from him, and money, because we want small tunnels for people and bicycles to get under rivers and major roads, for serious transport we want big fat tunnels dug safely, quickly and cheaply in that order. TBC hasn't come close to doing as well in progress as even X, which has gone from being an overstaffed disaster that wasn't stable or well coded to the same thing only without being overstaffed.
I agree with you there was a difference of opinion from the top executives Musk has robotaxie on the brain, I want to drive myself around not be driven by a car without a driver, instead of wasting time and money on CT, the more affordable car should have been more of a priority, but Elon doesn't want more cars he wants no more parking lots etc,
Car culture is a big thing. We've already got taxis. We don't care whether or not they're automated or you have a driver to chat to. 99% of the time we take our own car. If we're going out to dinner and having a drink, or going to the airport or we're away on holidays, that's when we use taxis. If/when the robotaxi makes its debut, it might change an industry, but it isn't going to change a global culture. We'll still own our cars, if we can afford to, and we'll still use them for 99% of our daily transport needs.
Tesla has an identity crisis. All their talk lately has been against the grain of what built them, a high-tech car company with cutting edge technology. There’s a reason sales are down. Tesla’s main customer demographic (upper middle class, college educated people) are not interested in a $25,000 car. And there’s no reason to upgrade their current cars because range hasn’t increased in years. Tesla needs to go back to the days of consistent range increases and improvements to drive more sales from their key customer demographic
Elon doesn't seem emotionally stable. He seems to feel attacked and "othered" from the people he wants respect from. That seems to be driving a lot of bad decisions.
Also what happened to the 5-0 plus mile battery for the Cybertruck?? What a hype job a 470 mile battery that is a massive brick in the bed? And not even up against front of the bed so at least you could have a 5plus for bed. Sort of a cyber lie! I own lots of Tesla shares, so I could go to the front of the line, but I am moving on with a great lease on the R1T for 3 years and see if Rivin survives. I am holding a lot of T shares and will stay with T but Elon is bad for Tesla at this time, but all the Utubers do not have ANY cred because they are so silent wrt to Tesla or Elon Criticism. I will get shut down for this but it is ok.
I think Occam's razor is what's going on here: they hired like crazy last year and EV sales aren't growing as fast as they predicted so they're trimming the fat. I don't think anything unusual is happening behind the scenes. Also their end goal is 100% automation and no employees? otherwise what's the point of Optimus.
9:44 “he retired right in the middle of the next big growth” YESSSS exactly the amount of work with ramping cybertruck, bringing robotaxi to market, & 25K car is going to be INSANE. Drew has young children, is now RICH, & been busting his ass there for 18years strait. Do you know how hard it is to continue working that hard when you are rich?? Elon has a sickness that’s what he keeps going. Most people burn out and if you don’t need the money there is very little motivation to keep going.
@@TailosiveEV Rohan is less important & it’s a layoff why would that only apply to Low level ppl. It’s the perfect timing to either be 100% in and ready for the insane work ahead or gtfo. Rohan is also rich. None of it matters though if Tesla achieves robotaxi & Optimus(the only reasons to actually invest in the company) these two Leaving won’t have any bearing on that
Model 2 is gone and robotaxi is decades out. Hybrid sales are crushing evs and the worm has turned. Cybertruck is a pathetic embarrassment. It has no value at all.
I'm doing dca and I think in the end the stock will go to a 1000 dollars minimum within ten years. FSD and Teslabot are game changers. And btw: Tesla without Musk would be a lost cause.
I'm honestly really fed up with Elon. I think he's at the beginning stages of really getting ready to ruin Tesla. This news reeks of similar internal conflict and layoffs/firings as when he took over Twitter. It's just less noisy and more polite. Like you said Drew, i'm probably not going to sell my Tesla stock. It's not like it'll go to zero over night, but i am cautious about buying. I'm worried about Tesla's future unless Elon gets his shit together or leaves/is pushed out.
Tesla is a bit of a disaster right now. The only model that gets the tax credit is the one everyone is waiting for the refresh to buy. Miniscule Cybertruck rollout is stop sale and white Model 3 interiors are MIA. Been using FSD 12 for weeks and it's better but still (many) years away from level 5. Just kinda seems like it's going off the rails, which smells strongly of Elon's rapidly degrading mental health.
The Cyber Truck was the big red flag. Why on Earth would Tesla put so much effort and money into a product that will pretty much only sell in North America to very well heeled Cyber rednecks? What were they thinking? The rest of the world drives cheap hatchbacks and SUV's, they don't drive "trucks". Even in my home country of Australia where utes are definitely a big seller, "trucks" aren't popular. I'm not kidding, you would see 200+ small hatchbacks and small SUV's to every truck. And in Europe and the Asias, even more. Not focusing their efforts on the model 2 was a huge mistake in product planning. Monumental, I would suggest. Instead we've got this behemoth of wedge shaped urinal on wheels that is obviously barely selling at all, I would suggest, due to the lack of sales figures. All I can say is wow.
Tesla has been doing layoffs almost every year since 2018. So this shouldn't be a shock and necessary, they also have hired more people after the layoffs each year. Wall Street doesn't get it and it's okay let them drop the stock price so I can buy more. But yeah, Elon spends way too much time on X and should focus more on Tesla. I do wonder why so many people that have been with Tesla for a long time, leave. If it's a great company why would you leave? Drew was great at articulating things at events, Elon not so much. Drew will be missed.
So, let me get this right. You purchased $1,697,250 worth of Tesla shares That are now worth $1.215,510, a loss of exactly $481,740. But if you lose another $363,010 in value, taking your total losses to $844,750, you're then going to throw another $225,000 into the mix? Have you got some sort of financial machoism fetish? Dude, you're down nearly half a million dollars. What are you thinking?
May be they have been wanting to retire for a long time and Elon is just asking them to hold off till they announce layoffs. All bad news at same time is better than stock crashing after every bad news.
what? Bro really said that one Drew guy was going to be the next Musk lmao. I don't even watch tesla shit, but I know for a fact it'll be that Chinese dude. Some people just aren't that smart and don't see the obvious
Genuinely don’t know how you can keep defending him. I wanted a model 3 so gd badly, but I refuse to support a fascist. I don’t blame you for buying one - but my god man, read the room.
@@TailosiveEV fair point, I guess more succinctly (frankly less s**tty too, sorry) I wish you would be more intensely critical of Tesla specifically when it comes to Elon being the catalyst for the opinion shift. You’re a powerful voice in the ev RUclips space and have been a frequent supporter of the brand for years and years. If people like you start to make consistent commentary, maybe he can be forced out. I guess I was wrong to say you’re defending him. My bad, dog.
Авто/Мото
"leaving to spend time with family" is a well-established corporate euphemism for "fired"
More like they left because they know what's coming down ... because some of these guys are day-0 employees. You don't fire those people.
@@RunForPeace-hk1cu they all decided to leave the same day... together with 10% of the company?
They resigned , they were not fired. They see the writing on the wall of the upcoming bursting bubble.
@@bobbybishop5662execs are typically given the opportunity to step down instead of being fired as a courtesy.
This could be very possible, wonder how much stock options they have?
The one they need to get rid of is Elon.
Yes, every bad decision seems to be made by that hype clown.
I found out when I arrived at the factory and my badge didn't work. It was fun!
I’m so sorry, being laid off sucks. It’s wild that Elon basically did the meme from Hard Knocks and didn’t at least have managers notify people in person.
Sounds like Tesla
How is that even legal?
From someone who's done 4 care free SoCal-Austin/Starbase trips in FSDed M3P & MYLR: I saw one independent installations contractor post a video that he was sad for those let go, & how, but understood that he & his peers would continue to be paid & supplied, PLUS new contractors and site owners, such as Walmart & "transitioning" BP, etc., gas stations, were already being scheduled for taking over from the old team's expansion projects. Also, that the "pudding proof" of the new deployment process would sooner than later suffice as "explanation" much better than Tesla attempting to convince the already doubting public of the veracity of their new approach.
Layoffs are not a good sign and I know people affected that were good at their jobs. Elon vision is corrupted and I wish the board pushed him out. But that will never happen. Tesla needs a leader not a Elon.
Robotaxis are irrelevant to me, as are sending off my car to be used as a robotaxi, or riding in a robotaxi or Uber/lyft etc. On the other hand, we have two SUVs, a 2021 Mazda CX5 and a 2024 Model Y. We will need 1 SUV and a small EV to be used as a commute to work car within 2 years. I was hoping that commuter car would be a "Model 2". Now it looks like it will be something else. I guess it could end up being a BYD or other Chinese small car. I am disappointed it likely won't be another Tesla; the Model Y is a great car.
Why not the KIA EV3 or Volvo EX30?
It seems very common that when a high paid employee leaves a company, they say it is their own choice and it is always to spend more time with family. Which I'm sure can be true in a few cases, but it seems to be a too common of a reasoning. Elon also loves to just fire important staff at companies as well.
Don’t be sad for this guy leaving he’s a Teslanaire I bet your Franz is the next one to go
Wait for it
I think one point of disappointment with the 4680s might be the density and charging speed. I don't think the density is much better than the previous stye, and the charging speed is worse.
Easy to make promises. Harder to achieve them.
Just a thought but didn't Tesla partner with CATL recently for fast charging and higher density batteries. Maybe the 4680 being a bust and CATL partnership made Drew expendable. Wouldn't be surprised to see him end up with with GM or Ford, NDA be damned.
Not using American sourced batteries in the base Model 3 is ludicrous. Maybe they can make up for it by laying off more people?
The way I see it, people are paying Tesla so that Tesla can collect the data from those who paid as opposed to paying actual workers to collect the data, then sell an Uber like service to the masses while those who do have FSD will be deprioritized or have to pay a fee to have their Tesla do the same thing, if those people even have powerful enough hardware
People are getting value from their supervised v.12 FSD right now. A potential robotaxi future is secondary to the current value of the software to ~10% of the customer base. The only way to get to real general autonomy is the way Tesla is doing it. Paying drivers would take exponentially more time and cost. Even with the current setup and hundreds of billions of miles driven, the data and data processing has only gotten is to the current state of things. FSD will happen at some point as the neural nets' pace of self-learning accelerates. When customers and regulators will trust it beyond that is anybody's guess.
And I think Tesla needs to pay this part time worker less than 50 billion. That would free a lot of money for an affordable car.
Elon needs to check himself before he wreck himself.
Why?
I'm short Telsa, and have another order to sell more if they go below 160. Tesla dropping to $16 would mean they are still priced more than Toyota, the worlds largest car manufacturer, like really?
Toyota is a 400 billion dollar company. What in the world are you talking about 😂
@@aussiepawsborne9056 I'm talking about the fact that currently Tesla is "valued" at 1 trillion dollars, and it's rediculous
We are still a number of years away from level 5 autonomy which is need for the robo-taxi. We do need a leader at Tesla that would expand Tesla product lines.
i still don't see people changing their mentality in the next decade that they don't want a car in their driveway....or even need a driveway?!? seems like a huge risk.
I agree, this could be Tesla's biggest slip up. They have a lot of cash to burn however. I don't think they're doomed
Drew Baglino leaving Tesla is a real bummer! ☹
Zach, Andre, Drew, all out I can see Frantz being next
I don’t think so.
@@002mjr we will see he is one of the only OG’s left
When can I preorder a tell-all behind-the-scenes book by one of the departing executives?
Elon needs to be the first passenger on a one-way trip to Mars.
🤡
Maybe JB Straubel can step in??? Why not?
any company that's run by Elon musk is a company you might want to own stock in but you definitely don't want to work there.
Who wants a failing stock , only brainwashed fanboys.
This is where I disagree with you Drew. Most CEO's have multiple Irons in the fire and are the Boards of multiple companies.
Drew was a threat to Elon, Elon doesn’t like it when employees outdo him at one of his companies.
Seems like he’s been a threat for a long time.. Why kick him out now?
Or don't agree with him?
If he’s a such a threat he should get hired by the competition to try and overthrow Tesla. Or maybe we should stop being conspiratorial and accept him at his word.
@@marcagray I could see him end up at Lucid or Rivian.
Should Elon lay himself off for running his mouth and antagonizing half of the potential customers?
What did he do?
@@deplorablechump8758frequently lie about things regarding Tesla, hurt stock price by forcing the company to be involved in politics which scares off a huge segment of the market, waste money on development of projects that will go nowhere (Optimus, roadster), lost focus on Tesla in his pursuit of other projects like Twitter and SpaceX, and has permanently tainted the brand image. If he didn’t have an army of fanboys and yes-men then he would have been removed by now
@@jonahhammond2438Ben drinking the media Kool-Aid again have we? 🧃🤪
@@jonahhammond2438 Those things made him a strong leader. Weak men are afraid of failing.
@@deplorablechump8758 go fight a bear big guy
Good points. 100% agree.
Drew should head over to Rivian and replace Makensey which is sure to not be good for Rivian
You’re right on the money, Drew. We’ll see where this leads
Agree 💯 with every word.
Overall I think your perceptions and arguments re pretty accurate.
What an ignorant take. The downsizing that needs to happen in the automotive industry is MASSIVE. Tesla rightsized first, the rest of the industry will wait far too long and their cuts will be far bigger. I’m looking forward to you ignoring that when it inevitably happens.
Cybertruck, RoboTaxi and autonomous Robots….and you’re all in? Good luck to you all.
From someone who's done 4 care free SoCal-Austin/Starbase trips in FSDed M3P & MYLR, FYI: Independent SC Installer Successfully Adapts to Tesla Layoffs
Smart Charge America
ruclips.net/user/liveI--nHP7NTbY?si=pwnQoPrj9LtSkYX6
An independent installations contractor says he was sad for those let go, & how, but understood that he & his peers would continue to be paid & supplied, PLUS new contractors and site owners, such as Walmart & "transitioning" BP, etc., gas stations, were already being scheduled for taking over from the old team's expansion projects. Also, that the "pudding proof" of the new deployment process would sooner than later suffice as "explanation" much better than Tesla attempting to convince the already doubting public of the veracity of their new approach.
I agree about Drew
Is this the beginning of the ending of Tesla?
bro made this just to flex "Rohan Patel follows you"
BYD already has the $25k car, so Tesla doesn’t need to build it?
It won't sell for that in the U.S.
Frankly, this was a balanced take Drew.
I saw that Marques brownlee is making more “worst product I ever reviewed” videos. I swear, when Aptera comes out and it needs software updates, keep it away from Marques.
just don't release a broken/bad product, crisis averted!
It's not his fault companies are releasing unfinished products. Respect for him for telling truth
@@blasiankxng You know what, I don't disagree, but start ups should be given some grace. Thank god Marques wasn't reviewing cars when Tesla came out.
@@MrRandomguyTom It's his fault for giving no grace to start ups.
I don't think Robotaxi is going to work, not on a technology perspective. I think people want to own a car instead of renting a car.
Yup. Wont work as a technology either.
Weird so why do Uber and Lyft exist? There are many people whose lifestyle does not align with owning a vehicle but still need convenient personal transportation sometimes.
If robotaxi is such a great pitch, then why isn’t Tesla starting it’s own uber style service?
@@ryangerrity2851 Responsible car owners that drink beer or travel. Using your own car isn't always possible.
Car culture, it's a thing. My wife barely even drives but she won't be without a car. She won't borrow mine and she won't catch a cab. I doubt that she even does 20 miles per week, on average, but she has to have a car.
Lol, "GOODBYE"
I don’t think you’re far off on behind the scenes stuff. That said, I do think Tesla still needs Elon there. In fact, from a global impact perspective, I think Tesla is still Elon’s most important venture. So, as much as I respect Drew and Rohan, if they were no longer compatible with Elon then it’s time for new blood.
He's not "running the company". The question is whether he should be a round to keep making certain key decisions.
Severance is largely a matter of the legal system you work under. If you live in the US, you basically have no employment rights so its up to your contract. In Europe (EU, UK) and other civilised countries, employees are protected from employers because you always protect the person with the least power, which is to say kids from adults, employees from employers, civilians from soldiers, bicycles from lorries.
If they aren't getting much severance, that's up to the country they live in to provide better redundancy protection.
Maybe Elon should do an Alphabet and operate an umbrella company under which Space X, X, The Boring Company, Neuralink and Tesla sit? It's possibly too late to do that though. Honestly, he must be delegating most things because the three most important companies are doing well.
TBC is doing abominably so could honestly do with some love from him, and money, because we want small tunnels for people and bicycles to get under rivers and major roads, for serious transport we want big fat tunnels dug safely, quickly and cheaply in that order. TBC hasn't come close to doing as well in progress as even X, which has gone from being an overstaffed disaster that wasn't stable or well coded to the same thing only without being overstaffed.
You got this wrong. They are fired because they aren’t onboard with Elons new direction.
I agree with you there was a difference of opinion from the top executives Musk has robotaxie on the brain, I want to drive myself around not be driven by a car without a driver, instead of wasting time and money on CT, the more affordable car should have been more of a priority, but Elon doesn't want more cars he wants no more parking lots etc,
Which is really dumb. Even for elon that level of extrapolation is silly.
Car culture is a big thing. We've already got taxis. We don't care whether or not they're automated or you have a driver to chat to. 99% of the time we take our own car.
If we're going out to dinner and having a drink, or going to the airport or we're away on holidays, that's when we use taxis.
If/when the robotaxi makes its debut, it might change an industry, but it isn't going to change a global culture. We'll still own our cars, if we can afford to, and we'll still use them for 99% of our daily transport needs.
Teslabot, you completely forgot Teslabot...
Any Tesla projects besides their cars and solar is just a strategy to boost stock price.
He mentions it at 5:02.
@@jonahhammond2438 I'm surprised that they didn't call it "pumper".
Tesla has an identity crisis. All their talk lately has been against the grain of what built them, a high-tech car company with cutting edge technology. There’s a reason sales are down. Tesla’s main customer demographic (upper middle class, college educated people) are not interested in a $25,000 car. And there’s no reason to upgrade their current cars because range hasn’t increased in years. Tesla needs to go back to the days of consistent range increases and improvements to drive more sales from their key customer demographic
Elon doesn't seem emotionally stable. He seems to feel attacked and "othered" from the people he wants respect from. That seems to be driving a lot of bad decisions.
Tesla is less of a tech company and more of just another automotive company (a very innovative auto company still).
There you go. Somebodies waking up
Also what happened to the 5-0 plus mile battery for the Cybertruck?? What a hype job a 470 mile battery that is a massive brick in the bed? And not even up against front of the bed so at least you could have a 5plus for bed. Sort of a cyber lie! I own lots of Tesla shares, so I could go to the front of the line, but I am moving on with a great lease on the R1T for 3 years and see if Rivin survives. I am holding a lot of T shares and will stay with T but Elon is bad for Tesla at this time, but all the Utubers do not have ANY cred because they are so silent wrt to Tesla or Elon Criticism. I will get shut down for this but it is ok.
I Guess that solidifies Tom zhu as the most likely next CEO. I wondered who it would come down to
This is what we call a buying opportunity. Definitely won’t be passing this up.
Wait until the earnings call. Then you'll get a buying opportunity. Keep your powder dry.
Might want to wait for the crashing to end first. JFC. Oh, model 2 again confirmed to be shelved today
@@reginald7214 $156.95 as I type. Earnings call is going to be a doozie.
I can’t wait for Tesla to get past this cost saving phase on all models. I remember model s / x being more customizable. 7 seat plaid please🙏
I think Occam's razor is what's going on here: they hired like crazy last year and EV sales aren't growing as fast as they predicted so they're trimming the fat. I don't think anything unusual is happening behind the scenes. Also their end goal is 100% automation and no employees? otherwise what's the point of Optimus.
The company grew from 130K to 150K in recent years. Too much fuss over this.
We are a few decades away from a all robotic company.
9:44 “he retired right in the middle of the next big growth” YESSSS exactly the amount of work with ramping cybertruck, bringing robotaxi to market, & 25K car is going to be INSANE. Drew has young children, is now RICH, & been busting his ass there for 18years strait. Do you know how hard it is to continue working that hard when you are rich?? Elon has a sickness that’s what he keeps going. Most people burn out and if you don’t need the money there is very little motivation to keep going.
And Rohan reached this same conclusion on the same day?
They probably discussed it among themselves and decided to screw Musk because he is an arrogant ass!
@@TailosiveEV Rohan is less important & it’s a layoff why would that only apply to Low level ppl. It’s the perfect timing to either be 100% in and ready for the insane work ahead or gtfo. Rohan is also rich. None of it matters though if Tesla achieves robotaxi & Optimus(the only reasons to actually invest in the company) these two Leaving won’t have any bearing on that
Model 2 is gone and robotaxi is decades out. Hybrid sales are crushing evs and the worm has turned. Cybertruck is a pathetic embarrassment. It has no value at all.
I doubt these guys reached the conclusion on the same day, more likely they (or executives as a whole) decided when a good time to leave would be
Maybe Elon should stop posting racist memes on Twitter.
good grief to panic out of you guys hahaha
I'm doing dca and I think in the end the stock will go to a 1000 dollars minimum within ten years. FSD and Teslabot are game changers. And btw: Tesla without Musk would be a lost cause.
YES!! This is music to my ears going to be an insane over reaction, stock will crash and I will smile as I gobble up another 2000 shares
The cope is impressive.
🤣
I'm honestly really fed up with Elon. I think he's at the beginning stages of really getting ready to ruin Tesla. This news reeks of similar internal conflict and layoffs/firings as when he took over Twitter. It's just less noisy and more polite. Like you said Drew, i'm probably not going to sell my Tesla stock. It's not like it'll go to zero over night, but i am cautious about buying. I'm worried about Tesla's future unless Elon gets his shit together or leaves/is pushed out.
Time to buy Tesla stocks
You spelled SELL wrong
@@solar2k6 You will thank me later
This is why Elon hates unions lol
Elon hates people.
Can you tell me who or what Elon actually likes? I don't think that he even knows.
Tesla is a bit of a disaster right now. The only model that gets the tax credit is the one everyone is waiting for the refresh to buy. Miniscule Cybertruck rollout is stop sale and white Model 3 interiors are MIA. Been using FSD 12 for weeks and it's better but still (many) years away from level 5. Just kinda seems like it's going off the rails, which smells strongly of Elon's rapidly degrading mental health.
The Cyber Truck was the big red flag. Why on Earth would Tesla put so much effort and money into a product that will pretty much only sell in North America to very well heeled
Cyber rednecks? What were they thinking? The rest of the world drives cheap hatchbacks and SUV's, they don't drive "trucks". Even in my home country of Australia where utes
are definitely a big seller, "trucks" aren't popular. I'm not kidding, you would see 200+ small hatchbacks and small SUV's to every truck.
And in Europe and the Asias, even more.
Not focusing their efforts on the model 2 was a huge mistake in product planning. Monumental, I would suggest. Instead we've got this behemoth of wedge shaped urinal on wheels that is obviously barely selling at all, I would suggest, due to the lack of sales figures. All I can say is wow.
a u t o m a t i o n
Tesla has been doing layoffs almost every year since 2018. So this shouldn't be a shock and necessary, they also have hired more people after the layoffs each year. Wall Street doesn't get it and it's okay let them drop the stock price so I can buy more. But yeah, Elon spends way too much time on X and should focus more on Tesla. I do wonder why so many people that have been with Tesla for a long time, leave. If it's a great company why would you leave? Drew was great at articulating things at events, Elon not so much. Drew will be missed.
R.I.P. BEVs
STOP CRYIN' & START BUYIN' TSLA. I bought 7750 shares at $219 basis. Will buy 2250 more share if drops to low $100's.
🤣🤣🤣🤣 at 219 you are screwed bud.
So, let me get this right. You purchased $1,697,250 worth of Tesla shares That are now worth $1.215,510, a loss of exactly $481,740. But if you lose another $363,010 in value, taking your total losses to $844,750, you're then going to throw another $225,000 into the mix?
Have you got some sort of financial machoism fetish? Dude, you're down nearly half a million dollars. What are you thinking?
May be they have been wanting to retire for a long time and Elon is just asking them to hold off till they announce layoffs. All bad news at same time is better than stock crashing after every bad news.
what? Bro really said that one Drew guy was going to be the next Musk lmao. I don't even watch tesla shit, but I know for a fact it'll be that Chinese dude. Some people just aren't that smart and don't see the obvious
Tesla is in big trouble. Read the writing on the wall.
Genuinely don’t know how you can keep defending him. I wanted a model 3 so gd badly, but I refuse to support a fascist. I don’t blame you for buying one - but my god man, read the room.
Not sure why you think I am defending him… I’ve suggested he leave Tesla countless times and that RoboTaxis aren’t possible
@@TailosiveEV fair point, I guess more succinctly (frankly less s**tty too, sorry) I wish you would be more intensely critical of Tesla specifically when it comes to Elon being the catalyst for the opinion shift. You’re a powerful voice in the ev RUclips space and have been a frequent supporter of the brand for years and years. If people like you start to make consistent commentary, maybe he can be forced out. I guess I was wrong to say you’re defending him. My bad, dog.
Tesla is the future get used to it
Frankie! Where's the rest of your copy pasta spam?
@@reginald7214one of his brain cells stopped working so that's all he has lol.
Yep, I'm seeing many of their investors living in some of the best tents on skid row.
They're saving pennies by firing some of those top executives like Drew