drahardja,
@drahardja@sfba.social avatar

Is this for real? Did Elon just lay off #Tesla’s entire Supercharger business division?

“Rebecca Tinucci, senior director of the electric vehicle maker's Supercharger business, and Daniel Ho, head of the new vehicles program, will leave on Tuesday morning, the report said.

Musk also plans to dismiss everyone working for Tinucci and Ho, including the roughly 500 employees who work in the Supercharger group, The Information said. It was not clear how many employees worked for Ho.”

The Supercharger system is probably Tesla’s most beloved and successful product. What is going on?

“Musk lays off Tesla senior executives in fresh job cuts, The Information reports”

#cars #ev #layoffs

https://www.reuters.com/business/autos-transportation/teslas-musk-trims-senior-management-amid-more-layoffs-information-reports-2024-04-30/

drahardja,
@drahardja@sfba.social avatar

Bonkers bananas.

“Sources familiar with the matter told Electrek that Tesla backed out of four leases for upcoming Supercharger locations in New York: one in Maspeth, South Bronx, two in Queens, and one in Gateway Center, Brooklyn.”

“Tesla is already pulling back Supercharger plans after firing team”

https://electrek.co/2024/04/30/tesla-pulling-back-supercharger-plans-firing-team/

brennansv,
@brennansv@sfba.social avatar

@drahardja Saving costs by ending investments in what brings in recurring revenue daily. The dude is a genius. Perhaps Rivian and others will snap up these former Tesla employees to build out alternative charging networks.

bgrinter,
@bgrinter@mastodon.sdf.org avatar
EricCarroll,
@EricCarroll@cosocial.ca avatar

@drahardja
Battery, product & supercharger dev all gone?

All in on AI robo-taxis?

Masterful gambit sir.

drahardja, (edited )
@drahardja@sfba.social avatar

Primary article from The Information:

https://pastebin.com/XnuxFBep

ArcusM,
@ArcusM@mastodon.online avatar

@drahardja I’ve heard more than a few people suggesting that Tesla may be in a lot of trouble. They had to recall all of their cybertrucks. They’ve also made some missteps in several other areas.

It remains to be seen how serious this is but it could be pretty detrimental.

drahardja,
@drahardja@sfba.social avatar

@ArcusM Cutting their most successful, uncontroversial, and beloved cash cow division—the Supercharger network—makes absolutely zero sense.

I want to hear more about the New Vehicles group lead getting laid off…what does that even mean?

vpermar,
@vpermar@mastodon.online avatar

@drahardja Yes, it seems to be for real. And if there are any circumstances to make it not be an absolutely deranged move, I can’t think of them.

https://electrek.co/2024/04/29/tesla-conducting-more-layoffs-including-entire-supercharger-team/

yatil,
@yatil@yatil.social avatar

@vpermar @drahardja This makes zero sense. EV charging infrastructure is basically a money printing machine and will only grow in the next decades. Next he’ll buy and ruin a social netwo… oh, never mind!

vpermar,
@vpermar@mastodon.online avatar

@yatil @drahardja Some have been saying that Musk is gutting the company to secure a vote in favor of his compensation package. By removing key talent, he becomes more crucial and has more leverage.

It sounded nuts at first, but now it is becoming the only explanation that makes sense.

drahardja,
@drahardja@sfba.social avatar

@vpermar @yatil The cowardly board agreed to let shareholders vote on his compensation instead of deciding for themselves.

I doubt shareholders are going to look at this too favorably.

yatil,
@yatil@yatil.social avatar

@drahardja @vpermar Yeah, but the “strategy” of extracting wealth out of the company and using that as leverage elsewhere does not sound too far fetched.

(Edit: Put “strategy” in quotes because… yeah, that guy doesn’t seem to be the most strategic thinker…)

drahardja,
@drahardja@sfba.social avatar

@vpermar That makes absolutely no sense.

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