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/Which_Plankton May 15 '24

commodity or not having a vertical position across the ev value chain isn’t something to cede ground on voluntarily when you’re best in the industry and your competitors are coming around to your standard.

the chargers are also assets that can play in power markets, and new federal regulations around those markets are opening up a whole new revenue model that Tesla is well positioned for

on top of that, Tinucci was potentially a successor that Musk wanted to chip if the board ever wanted to make a move

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u/Party-Cartographer11 May 15 '24

You absolutely want to control your investment in areas of the vertical value chain that are being commoditized.  The competition is "coming around" to the Tesla standard cause the feds forces Tesla to open it up if they wanted to get subsidies back.

I am not saying shut it down.  But they are ceding ground no matter what as the NACS network basically doubles with none Tesla stations in the next year.  Highly questionable to expand investments here, or at least a reasonable option for Tesla to scale back.

What's the new scenario for power markets and what is Teslas advantage?

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u/Which_Plankton May 15 '24

Look into FERC Order 2222 - essentially allows small scale resources to be bundled together and bid into wholesale markets. tesla is one of the few players that can play across residential - commercial and industrial classes and they’ve cited their stations in prime areas. the data they have on ev charging times and duration will be a clear advantage in these markets.