#tesla
Переглядів 33,314
14 днів томуOn this episode of the Elon, Inc. podcast, Ed Ludow joins us to discuss Tesla's biggest layoffs to date and why Elon Musk's rationale may be more than just about cost reduction and productivity trib.al/qLXWTkv
This week David, Dana and Max are joined by Bloomberg Technology co-host Ed Ludlow to take a deep dive into all things Tesla, in advance of today’s fateful earnings report. Things are looking increasingly bleak for the company and we'll soon know if the numbers match the mood set by last week's layoffs. Also discussed: BINGO! And then, is Elon Musk feuding with Tucker Carlson? Max seems to think so, Dana is not so sure.
Like this video? Subscribe to Bloomberg Technology on UKposts:
/ @bloombergtechnology
Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here:
• Bloomberg Technology W...
Get the latest in tech from Silicon Valley and around the world here:
www.bloomberg.com/technology
Connect with us on...
X: / technology
Facebook: / bloombergtechnology
Instagram: / bloombergbusiness
Follow Ed Ludlow on X here: / edludlow
Follow Caroline Hyde on X here: / carolinehydetv
Listen to the daily Bloomberg Technology podcast here:
www.bloomberg.com/podcasts/se...
More from Bloomberg Business
Connect with us on...
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
LinkedIn: / bloomberg-news
TikTok: / bloombergbusiness
@Dxeus 12 днів тому
When a company say they are laying off 10%. Damn sure it's 20% or more.
@avgjoe5969 9 днів тому
No. Just a "reporter" making stuff up. Musk already said 2024 would be challenging months ago. "Key sources". I very much doubt it.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@bl1204 4 дні тому
Can they not inform the employees in a more respectful and decent way? This is so wrong...
@user-oh3lx9xf9p 4 дні тому
They did, they just don't want to bring it up because they want to be victims. There's a video from a guy and he describes it, they all got notified by email that they were let go. The video I just watched the guy opened his email while having the Tesla's auto pilot on for his hour and a half commute. He read it right after he left his house and thought "it was a mistake", choosing to ignore it and continue on. When he showed up sure enough he was let go.
@tigergray1100 3 дні тому
@@user-oh3lx9xf9p I got the email too on April 28th,2024 in the evening I was so close to reach my 10th year at Tesla only 3 more months and it's would have been my decade 😒😭
@Knightcraft42 16 годин тому
Imao lol..........I remember when people with college degrees and had jobs in tech make fun of me for being blue collar. Who is the one laughing now, I make 80k a year and job security. I don't have to worry about the economy or job market. My job salary is expected to grow 5% over the next 3-5 years because not enough qualified workers. Enjoy your 110k in student loans lol. I wish nothing bad on no one I just think it's funny how all those people with college degrees thought they were too good to work dirty, high paying jobs with job security and made fun of blue collar workers.
@kennyfordham6208 4 години тому
Because if the employees were forewarned about the layoff some people get really angry and sabotage the factory.
@acc4465 2 години тому
no company does this well.
@Ryanstuff 7 днів тому
The labor you provide a company is just on loan until they don't need it any longer.
@mcgusto82 4 дні тому
It’s not a loan. It’s a rent of your time. You willingly offer it for money in return. No one owes anyone anything that they haven’t given. You know really exploits the workers? Marxism, communist, and democrats.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@mcgusto82 2 дні тому
@@humbleindian6303 what are you talking about?? Get out of elementary school. Any business can do whatever it needs to to run their operations. Doesn’t make them bad. Don’t like it? Start your own.
@nicholasthon973 12 днів тому
That’s how major companies do large layoffs. They don’t pre-announce because employees, particularly bad employees, are prone to doing damage before their way out.
@TheNewMediaoftheDawn 8 днів тому
I bet you touch yourself looking at pictures of Lord Musk,,,😂
@1flash3571 7 днів тому
@@TheNewMediaoftheDawn I guess the LOGIC fails you.....Sheeez.
@TheNewMediaoftheDawn 7 днів тому
@@1flash3571 yes logic, among a few other things too😀
@bonniejordan8192 5 днів тому
Yep. Seen it.
@itsmigz2043 5 днів тому
@@TheNewMediaoftheDawn worked for a large corporation and people generally doo stupid things specially if they know they wont last. I think its the same in Tesla. By the way i live in Malaysia now and do my work in ASEAN countries. Never owned Tesla for that matter as well.
@andyanderson3776 4 дні тому
EV vehicles are losing flavor its consumers. Plus folks are BROKE!
@HiDefHDMusic 3 дні тому
I just don’t like Elon
@diytwoincollege7079 3 дні тому
Elon didn’t come thru with the $30k electric car.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@ChromeLuxx День тому
The people that were going to buy, did. They are expensive and require more than just buying the car and rolling out. Musk is an arrogant jackass and corporate oink oink.
@Beltfedshooters День тому
It's from stagflation.
@rontheoracle 4 дні тому
If those EVs aren't selling, then what's the point of increasing the inventory? Musk is doing the right thing.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@Sergesedd22 7 годин тому
The right thing would be layoff with a warning and allow folks to prepare. Smh. How old are you?
@user-zb9rn9vl9q 3 дні тому
He laid off 6,000 employees in Nevada, but plans extension of the Berlin factory, which people protested against?
@lookwithin 12 днів тому
I was one of them laid off still have high hopes for Tesla and still holding $TSLA
@tigergray1100 6 днів тому
They will re-hire again after 6-8 months
@tenebrisanima9604 5 днів тому
wow you are a clown
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@wgs256614 День тому
You've got a good attitude. Move on for now and do your best for yourself.
@chadjohnson8622 12 днів тому
Sounds like it was exactly cost reduction and productivity
@HiDefHDMusic 3 дні тому
Sounds like a failing company floundering 😂😂😂
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@ACColorado 12 днів тому
I saw the same thing in Silicon Valley 24 years ago. This isn't that odd.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@RacerX1971 9 днів тому
No, its about the bottom line. Demand is very low. The early geek adopters already bought their Teslas. The rest, like me, will keep on driving their ICE vehicles. Some will buy hybrids. Plus, interest rates are too high..oh well
@TheNewMediaoftheDawn 8 днів тому
Nope lots still buying EVs, just because sales are down, doesn’t mean they are dead. Where I’m from it dropped about 1%, not a big deal. I see a few dozen EVs a day where I live, you probably live in the country. Others brands are selling more too, Polestar, VW, Volvo, Ford ect
@DKK 4 дні тому
@@TheNewMediaoftheDawnis that why the companies you listed have dramatically scaled back their ev investments? 🤔
@HiDefHDMusic 3 дні тому
@@DKKno that’s because China is making better cars than we ever could, and those companies are trying to skim as much off the top of their employees pensions before the entire industry collapses
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@RacerX1971 2 дні тому
@@TheNewMediaoftheDawn , where did I say it's dead? All I said was that the demand slowed down....Ford and GM is scaling back. Ford stopped their f150 lighting and laid off that dept, GM said they are cutting back. Mercedes said they will stop producing EVs for now...Hertz got rid of their Teslas and having a hard time selling them even at high discounted rate but that's what they get. Trying to be all that and greedy but the public spoke up basically and said no to EV. If I'm on vacation, why would I need to get stress out about range anxiety, learning something new, downloading apps..it was horrible experience for lots of people..then you have Hertz literally pushing hard to rent out their EVs..happened to my cousin and he said he wanted a regular car and the agent kept on pushing the Tesla...nah...this whole thing stinks..
@ppen62 День тому
this is what happens when big companies with loyal employees refused to unionize
@dmrr7739 8 днів тому
But, he still wants his $50B.
@1flash3571 7 днів тому
Dummy, HE HAS NOT BEEN PAID SINCE 2018!!!!!!! NO SALARY, NO COMPENSATION, NOTHING. Why don't you work at your job FOR ZERO DOLLARS??? DO IT!!!!!!
@walkmanutd19 6 днів тому
He did get Tesla to achieve goals as his promises. He deserves what agreement he signed with Tesla boards Would you waive your prize after a hell of a fight for a company to grow and be profitable?! Ask yourself, hypocrisy
@Unbiased321 5 днів тому
@dmrr7739 Musk's payment package was a 100% comission based salary. If Tesla didn't achive the goals, he would be getting ZERO. All other CEO's at the time the plan was announced said that it was crazy and that they would never have taken a deal like that. So given that 80% of the investors voted YES on the plan and given that musk hit all his goals he should get paid. That's how all comission based saleries work. This is no different.
@ezbody 5 днів тому
How does that work, when the "commission" he wants is way way above the profits?
@wisemanofsorts6068 5 днів тому
@@ezbody He isn't getting profits, hebis getting shares....
@user-oh3lx9xf9p 4 дні тому
Fake. Another guy tried to make a video about this to. Said he got an email saying he was let go but he had some how "misinterpreted it" so drove an hour to work anyway. They all received emails saying their badges wouldn't work anymore and that they were let go.
@Paul37Ontario 12 днів тому
Musk has a saboteur back in Cali a few years back. that was a nightmare, so for security reasons it has to be really quick. Look there is no easy way to lay off people. I think Elon should not lay off anybody but I think that wall street is forcing his hand here. The whole auto industry is facing hard times right now because the economy is very week and interest rates are high.
@jammiebooker6489 4 дні тому
They didn't force him to make the CyberTruck, which dug the company's grave (his words, not mine)
@HiDefHDMusic 3 дні тому
The auto industry is facing hard times because nobody wants to drive cars, they want to take public transportation and not have their roads be congested at the exact times they need to go places
@migmigjohnson9351 3 години тому
Gas car companies can always rely on the revenue from maintenance and repairs, which are minimal at Tesla. That’s why their primary source of revenue is sell sell sell.
@michaelwilliamson3551 59 хвилин тому
You're entitled. I've never been given that much notice...
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@oliverheaviside2539 2 дні тому
Stop spamming this! Jeez
@doughuffine9357 3 дні тому
Laying off work force to balance budgets and remove the bottom 30% performers is good business practice. Bravo Tesla!!
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@fmpranav 12 днів тому
It is GIGfactory where GIG workers work.
@davl1917 12 днів тому
That’s how it is in life. Unfortunately.
@carlosenriquez2092 3 дні тому
I wonder could he have kept those people employed if he still had his 40 BILLION DOLLARS from his Twitter purchase.
@Dreamluu День тому
Everyone else should quit in solidarity with their co workers. Then Tesla’s $ would tank.
@ReesesCupsable 2 дні тому
Elon really needs his $47 billion Tesla pay package. That money needs to come from somewhere.
@michaelc821 2 дні тому
Elon never had any money from the beginning. Its investors money he used. Tesla has always been over rated. Ok, he a years of monopoly in the electric car market to a degree. But, when the real car manufacturers got in the mix and started to reduce Tesla market it was going to hit. Musk ran to X....
@jonathanlaue3460 4 дні тому
Demand determines production. Those who expect Tesla to go under by retaining employees shouldn’t be in business.
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@mateobaysa2055 5 днів тому
BYD is crushing Tesla… 8.5 out of 10 China points.
@DKK 4 дні тому
😂 Chyna
@HiDefHDMusic 3 дні тому
@@DKKis eating your lunch by every conceivable metric
@humbleindian6303 2 дні тому
its amazing a multibillion dollar company laying off people in such inhuman and disrespectful manner
@imaro2358 4 дні тому
They’ll probably be unionized at some point because of this.
@imtiazchoudhary3976 4 дні тому
There is respect and decent way of laying off. And don't tell me about economy. If companies want they can cut cost in many other ways. Just pay higher ups a little less.
@frankotexasfishing2888 День тому
Elon is hiring aliens now 🛸 👽
@jameswbarry9576 4 дні тому
by law the employer needs to tell the employees between 60 or 30 days before lay off
@oliverheaviside2539 2 дні тому
What? That’s just bs. Not true.
@tumbleweed1976 5 днів тому
Neither of these speaking are/were Tesla employees. Would prefer to hear directly from them.
@aggerleejones200 День тому
No you didn't Dana, you have been lying about Tesla for years. Security doesn't scan badges, employees scan their own badges to unlock a turn style and go through. And why were there a traffic jam lol and the other guy, we spoke to some pretty key sources high up the company hahah who was that?
@locNguyen-jb1vt День тому
That is not the right correlation..he blame the people not himself WTF
@carlosenriquez2092 3 дні тому
I wonder how many of these folks will buy a Tesla vehicle in the future.
@LoveCoffee123 17 годин тому
LOL, 20% drop in delivery = 20 % drop in head counts. Let this define Muskanomics. LOL LOL
@bezimeni009 4 дні тому
Just the same way as the engineers learnt their own life-threatening mistakes when using the product on roads, isn't it
@bezimeni009 4 дні тому
Remarkable? So, no reason to feel frastrated about your past devotions
@gloriagunning4088 День тому
Why he hasn’t he introduced a hybrid?
@johnnybravo964 5 днів тому
They still get there severance package. Whether they are laid off in an email or at the front gate same difference
@fkporsche1 4 дні тому
This is a non sense comment. Sales are down so does production could also go down. Manufacturers must need to cut cost or it will go bankrupt.
@patrickcannell2258 3 дні тому
Heartless and cold!!
@Jut_tc 12 днів тому
No one will fire you when it’s yours
@user-sk6jj4uk9j 2 дні тому
Remember you on the internet and not all is true but most importantly it’s not happening where you are it’s just teaching you all hate. Find happiness where you are for its all you control One Love Keneth
@fkporsche1 4 дні тому
Sales are down so does the employee counts.
@HiDefHDMusic 3 дні тому
Hope you like unions 😂
@MrMannyhw 7 днів тому
Just as well send out a list being lay off so they don’t come find out as a surpirse.
@edmundlively8137 9 днів тому
as sales pick up those 20% of workers will be rehired before November.
@alessandrobianco7183 6 днів тому
How do they make their living for 6 months tho? If it was me, I wouldn't return to Tesla.
@HiDefHDMusic 3 дні тому
@@alessandrobianco7183I would return solely to form a union and then dip immediately
@aggerleejones200 День тому
first time I have seen long term bear Dana Hull... yikes
@iyibu01 3 дні тому
So much for our capitalism randomness 😮
@marcosrivera1801 12 днів тому
What happens is that the companies put themselves in autopilot just like the government and start putting a lot of shit out without looking at the market! Then the owner comes in from the real world and asks, what the heck were you thinking? Where's the manager? He's on vacations again!
@hg6996 2 дні тому
The marvelous engineering of the cybertruck takes it's toll. Worst looking and extremely badly engineered car on the road today. Congratulations, Elon. It seems like it was your sole idea.
@EMichaelBall 2 дні тому
Sandy Munro thinks it’s engineering genius, and he has been around the block a few times. Now yes, there are some teething problems, especially with rust and software. They’ll get worked out - eventually.
@hg6996 2 дні тому
@@EMichaelBall well, there's also the tiny problem that without pedestrian protection and without crumble zones this thing can't be sold in Europe. And there are a lot other problems with this monster.
@alexfreeman525 10 днів тому
No no, they send you a email . You fired
@ryanwelsch9384 12 днів тому
The guys thoughts are totally false.
@bradcooke5383 4 дні тому
Stop your whining. It's a corporation. What do you expect?
@HiDefHDMusic 3 дні тому
For the employees to unionize as quickly as they can 😂
@timothyewing4009 7 днів тому
Sounds like solid logic to me 🤷♂️
@DailyDoseOfJoy 5 днів тому
lady is doing trt like its water
@hankkingsley9183 6 днів тому
More FUD from people who are just guessing
@theodorehaskins3756 6 днів тому
So no one cares about you in terms of you having a job, until they get the ax.☹️
@jandoerlidoe3412 10 днів тому
The bubble is bursting....and as a worker you are considered less than human, you are just a resource to be exploited.
@danylbekhoucha6180 10 днів тому
Work is modern slavery.
@avgjoe5969 9 днів тому
Yeah. They make you do stuff to get paid so you can do what you want in your free time. When we were hunter gatherers we didn't have to work. We had the option of starving. Those were the days. You can quit a job and look for better. You can't quit slavery.
@avgjoe5969 9 днів тому
Like you exploit your boss to get more money. If you don't like it, you go to another shop that pays better. If no one will... then your work isn't worth what you though it was. Educate yourself and get a better class of job. Capitolism.
@walkmanutd19 6 днів тому
@@danylbekhoucha6180then dont work. To see how you could live?!?! Such stupid argument to refuse to work with excuses of slavery . Then where is the food, gasoline, car, road, house for you to enjoy your life there? Everyone has to work, also no doubt Musk is the best hard working. While other weasels whining, despite them only want to have things without any effort 😂😂
@joeflawless5568 7 днів тому
😂yep I’ve seen it before.. they are lucky they even made it up to the gate.
@patrickhall3878 6 днів тому
Recession is the cause..
@theodorehaskins3756 6 днів тому
Oh, please! Is that all you could come up with?
@HiDefHDMusic 3 дні тому
More like “cyber truck was an absolute failure” 😂
@theodorehaskins3756 3 дні тому
@@HiDefHDMusic Was it though? Aren’t you acting a little premature since they just really started production?
@tvk3645 6 днів тому
Get rid of high maintenance and you benefit 3 fold. Unfortunately there’s some good in that bunch but I bet he’ll hire them back if they were truly good. It’s up to them if they go back, and it’s up to the CEO to make the tough decisions.
@HiDefHDMusic 3 дні тому
Yeah hire them back and watch your company get sabotaged to hell and back 😂
@locNguyen-jb1vt День тому
Shit flowup
@helicalactual 11 днів тому
its his ship, if it were myself, i don't know if randomness is fair. i don't believe it is. that would have been wise to be very targeted however i understand the feeling or need to do drastic things sometimes in response, but if you do, its wise to have a system of checks and balances even against youself!
@KaleighMacKay 4 дні тому
#empathy
@DKK 4 дні тому
It’s called a recession, go cry to joe
@HiDefHDMusic 3 дні тому
I can’t wait till Elon is completely bankrupt 😂
@hernancortez491 12 днів тому
You mean a company that makes almost 50% of its revenue from selling regulatory credits, is sinking…how is this news
@davesy6969 6 днів тому
Musk's $46 billion pay packet has got to come from somewhere.
@Unbiased321 5 днів тому
@davesy6969 Musk's payment package was a 100% comission based salary. If Tesla didn't achive the goals, he would be getting ZERO. All other CEO's at the time the plan was announced said that it was crazy and that they would never have taken a deal like that. So given that 80% of the investors voted YES on the plan and given that musk hit all his goals he should get paid. That's how all comission based saleries work. This is no different.
@Rob_G716 12 днів тому
Hey! This is how it goes down when companies do mass layoffs, get over it! It sucks but they’re not going to tell you in advance so you flip out, people are nuts today
@Cartiluvsyoutube 11 днів тому
Lies
@TheRealOmnissiah 4 дні тому
Tesla's are shite
@Holdontight1123 12 днів тому
Thats really messed up.
@juanitatreadwell7240 11 днів тому
Open borders and cheap labor flowing into a country will always cause layoffs, homelessness, hunger and so on. That's why smart people make sure their country is protecting their borders. Sad to say but the American dream is over of generations to come.
@HiDefHDMusic 3 дні тому
The American dream is just racism and colonialism.
@matthewholzmueller6292 12 днів тому
A stranger with no qualifications says that the best inventor/disruptor of our time is cutting the fat wrong. Obviously Tesla is going out of business...again. 😅😢😂
@VTShaggy 12 днів тому
Unionize!
@starpawsy 11 днів тому
Tesla stock is the lowest its been in years. And still crashing!
@madarchod312 6 днів тому
Thats how its done... How does BLOOMBERG LAY OFF THEIR EMPLOYEES????????????????????????????????
@juanitatreadwell7240 11 днів тому
Open borders and cheap labor flowing into a country will always cause layoffs, homelessness, hunger and so on. That's why smart people make sure their country is protecting their borders. Sad to say but the American dream is over of generations to come.
@user_golden 10 днів тому
I think Elon is preparing himself for Chinese EV makers' inevitable market takeover in US.
@Michael89240 9 днів тому
You don’t know what you’re saying
Bloomberg Originals
Переглядів 1,2 млн
CNBC Television
Переглядів 750 тис.
CNBC Television
Переглядів 80 тис.
FOX 4 Dallas-Fort Worth
Переглядів 51 тис.
Firstpost
Переглядів 204 тис.