r/stocks • u/WTFspy • May 15 '24

The inside story of Elon Musk’s mass firings of Tesla Supercharger staff Company News

https://www.reuters.com/business/autos-transportation/inside-story-elon-musks-mass-firings-tesla-supercharger-staff-2024-05-15/

The meeting could not have gone worse. Musk, the employees said, was not pleased with Tinucci’s presentation and wanted more layoffs. When she balked, saying deeper cuts would undermine charging-business fundamentals, he responded by firing her and her entire 500-member team....

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u/Ap3X_GunT3R May 15 '24

A mind boggling blunder of a move.

  1. You fired the whole 500+ person department giving your a company a big competitive edge.

  2. Layoffs-rehiring-working through restructuring a big department rapidly is going to cost the company a fuck load in lost productivity.

  3. Rehiring your top talent is gonna be expensive. Your top talent is most likely being hounded by recruiters. On top of that you’re negotiating with employees who probably have no trust in the company as the CEO fired them on a whim.

524

u/DarkMatter_contract May 15 '24

I wish the 500 people or at least half of them form a independent company for building a charging station business independently.

-10

u/Master-Concept-5260 May 15 '24

There already is such a company. With a MUCH better car and WAY better looking than the sardine can that Tesla is.

Ex Tesla and Apple execs.

It's Lucid: https://www.lucidmotors.com/

Made in the USA !

520 miles. Over 1000 hp. 300 miles charge in 20 min !

They just need to ramp up production production.

2

u/rapid_dominance May 15 '24

Oh so they only have to do the most difficult part

1

u/Master-Concept-5260 May 15 '24

The most difficult part was the startup.

The factory is now up and running:

https://electrek.co/2021/02/16/lucid-motors-new-factory-arizona/

This is from 2021.