Tesla fires entire Supercharger team. Elon Musk says Supercharger growth will continue however

[WasserGKuehlt]

I wonder how the corporate investors feel over such drastic and spontaneous decisions of a single man?

I would be quite concerned over the governance of the company if it were me.

I think they would feel inspired by such an intriguing mix of vision and decisiveness, and would move immediately to restore his 56B pay package.

Oh, yeah: /sarcasm (if it was needed)

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[Murph7355]

Hopefully that erratic nut job lunatic decides to spin off the supercharging network once and for all. It would be best for the EV industry since the guy can obviously not be trusted with such a valuable resource.

....

I'm no Musk fanboi (he seems like a full on throbber), but didn't he create that valuable resource in the first place?

Seems like typical Musk. I think the sort of person that takes startup risks like he does/did aren't best suited to longer term, stable decision making. They can't turn down/off the risk taking part of their psyche that gets these things off the ground.

 

[f1eng]

Musk knows what a big influence his moves can have on the gamblers in the stock market - he has been playing them for years - maybe he is seeing if this lifts the share price???

 

[d00d]

Pruned like Twitter, he didn't fire the entire team.

 

[FlyingPoint]

Perhaps it is just as simple that the SC percentage of completion was a the stage where the team was no longer needed in its current form. What I found more odd was that he let go the design exec's for the Model S and X.

 

[f1eng]

What I found more odd was that he let go the design exec's for the Model S and X.

Neither sell in big volumes now the 3 and Y are out and it seems they are targeting a high volume lower price model next.

They already stopped making them in right hand drive so no good here, Japan. Oz, etc. already. The sales volume didn’t justify making them apparently.

 

[minstril]

Probably a combination of someone on the team pissed him off, and some angry, ketamine-fueled hallucination. He may have also done it to “own the woke left”.

You know, normal CEO stuff.

 

[Mr.Smith]

Probably a combination of someone on the team pissed him off, and some angry, ketamine-fueled hallucination. He may have also done it to “own the woke left”.

You know, normal CEO stuff.

It's how Tesla shows their cash at the of the quarter. It looks good on paper, only if you have increased sales every quarter.
One bad quarter, they have to scramble to cut costs and FAST.
Cut cost at every angle to keep the company running. They just cut their revolutionary GigaCasting, more top executives left today.

Expect another At The Money stock offering for "AI' and Robotaxis very soon.

 

[WasserGKuehlt]

It's how Tesla shows their cash at the of the quarter. It looks good on paper, only if you have increased sales every quarter.
One bad quarter, they have to scramble to cut costs and FAST.
Cut cost at every angle to keep the company running. They just cut their revolutionary GigaCasting, more top executives left today.

Expect another At The Money stock offering for "AI' and Robotaxis very soon.

In a way, it makes sense. Cars are “btdt, roads are full of ‘em”, so what’s next? Tesla wasn’t going to grow just by making more cars, that’s for the “traditional” manufacturers.

 

[Capt Mike]

The billion dollar man-baby in action….LOL ?

If you purchased his product or based your career on him keeping his word, that is on you.

So, your half way to Mars and he decides to drop his space program! Lotsa luck!

 

[Rusty Griswald]

Perhaps it is just as simple that the SC percentage of completion was a the stage where the team was no longer needed in its current form. What I found more odd was that he let go the design exec's for the Model S and X.

agreed


I find it insanely amusing that so many people who have zero insight into the actual working on the company, in this case the Supercharging team...how efficient they are, how bloated the team potentially is, usage rate, and so on...think they know better than the CEO of the company.

I could break down in so many ways why the cuts are fine based on this theory or that, but it's pointless because I have zero insight into the actual cuts or the Supercharger team.

 

[slothinker]

Yet another huge mistake on Musk's part. Tesla was within striking distance of becoming the Shell/Exxon/Mobil/Chevron/Arco for EVs and being able to create a near-monopoly of high-speed, available charging stations in the U.S. It could have been very lucrative and an excellent way of diversifying Tesla and its brand.

 

[Rusty Griswald]

Yet another huge mistake on Musk's part. Tesla was within striking distance of becoming the Shell/Exxon/Mobil/Chevron/Arco for EVs and being able to create a near-monopoly of high-speed, available charging stations in the U.S. It could have been very lucrative and an excellent way of diversifying Tesla and its brand.

See above post before yours. Cuts/ layoffs happen all the time in large companies. Bottom line is profitability is what matters for companies survival.

 

[FlyingPoint]

So now Tesla has pulled out leases for additional SC's in the New York City region.

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

From Electrek:


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.

These were new stations recently announced to address concerns with overcrowded Supercharger stations in New York.

We reported on this issue in January when several stations saw long wait times to access a charger.

The problem was partly due to a surge in Tesla vehicles used by Uber drivers due to a new incentive for the city to electrify its ride-sharing fleet.

In order to address the situation, Tesla promised to deploy 100 additional chargers around New York City by the end of the year and even worked directly with Uber to gather data to locate the new stations at optimal locations.

These four new locations represented the bulk of these planned new stations in the city, and they are gone.

Three of the four sites were “power-ready” – as some work was already being done to prepare them to become charging stations for Tesla.

 

[Tooney]

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