Will there be another mass-layoff soon? I heard some rumors that they are about to.

Tax credit is gone so vehicle revenues will soon dip, so yeah, I’d say that’s a strong possibility.

I got a friend in Texas who is saying the tax cut and the shut down, temporary or not, is about to cause mass layoff. I am in Cali, but I know some people who also go into Tesla jobs here as well, but in AI and random stuff. I know that it won't affect Cali much, but I hope it's not too terrible.

How do the insiders see the whole optimus and robotaxi situation, is staff believing that these two will be the money printing businesses of the century?

Tesla needs to cut over a billion dollars in costs per year to make make up for the coming loss of revenue for the emissions credits business. Other automakers no longer need to buy them. Yeah, there's going to be major job cuts.

Will it contain in just car production, or other sectors like AI, electronics, etc?

The loss of the carbon credits should finally wake up a few of those meme stock enthusiasts.

Unfortunately a necessary evil

Fully agree, but it'll impact the companies around these Tesla companies, and it isn't good for the worker themselves. I hate Tesla, the people who buy them are morons, but it's not good when their layoff will force skilled and experienced workers onto other sectors. Which in Cali, is now a death sentence sadly.

Yeah I agree. Mean while he makes billions a day. Sad!

I hope it doesn’t, somebody’s got to hold the bag.

That will probably result in a 10% increase in stock since they're cutting overhead, that's how ridiculous this market is, what government shutdown hahaha ha the markets laugh!

There are two main groups at Tesla - those that are the “true believers”, and those that clean up the mess that the first group creates, just trying to deliver as much as possible for customers while keeping the business on the rails. The latter is heavily outweighed by the former at the moment.

They'll rally because layoffs mean less costs. They have no negative news, ever.

With the upcoming recall, if we still have regulations, probably.

Thanks, that is really insightful! Appreciate it.

the latter should be looking for jobs.

We’re still in the froth, bad news is good news, everything is going to the moon phase. Once people realize that things are going to get really bad, really fast, when cash burn picks up, you’re going to get layoffs and that -20% day.

Let’s do the math here. Assuming they save on average $100,000 per employee laid off. That number seems high but for every 10 or so floor workers you probably can lay off a manager and an engineer. So it is a good easy number to work with. Every 10 people they lay off they save a million. To save a billion they would have to lay off 10,000 people. Do they employ enough people to lay off 10,000 and still be able to keep the lights on?   Or they could just take a billion out of Musk’s absurd pay plan.

They have a history of big layoffs. "In April 2024, Tesla laid off more than 10% of its global workforce, reportedly affecting more than 14,000 employees." They would have no issues laying off another 10,000 and give the board a special 'efficiency improvement' bonus!

That’s because it’s proof that the workers are not longer needed because the robots are ready to take over …. And Serve popcorn.

Anyone laid off from a factory gig can just pick up a job at the Tesla Diner.

I've noticed a lot of Hyundai promoted posts in this subreddit. I'm thinking those posts must be working for Hyundai.

They do a mass layoff every year, usually in December so I'd expect that as least

Wouldn’t it be 1000 people to save a billion if it’s a million per worker? Edit: I am a goddamn idiot, you wrote $100,000 not $1,000,000 😞

That would be extremely bullish for the stock Layoffs always are

if the new vehicle is in fact a cheaper model Y...why would that be good? The new Y is unattractive, but still sells. Are they really going to make higher margins off of a cheaper vehicle? They'll be generating lower Revenues and possibly lower Profits per vehicle. Will it be enough to increase sales? The cheaper vehicle really needed to be a smaller vehicle that was a gateway into their ecosystem.

I shit y’all not, i have asked my friends working in Tesla if they know what Elon did. I tell them about his child disowning him, him forcing the robotic team to fake a whole party where they are directly piloting the supposed autonomous robots and voiced by real workers, workers who had maybe two weeks to get the event ready cause it was out of nowhere. They either don’t know or don’t care. That infuriates me how they think so lowly of the other workers who were forced to do it. I get the pay is good, but it’s such a cultist thing. We have a grown man who talks about repopulating, which is true for some countries, but then move onto making Grok and now releasing an NSFW version. Millions of Japanese download it on the first week, it’s a culture known to be easily preyed on by technology and fake parasocial relationships (including idol culture, host clubs, fictional characters). He is such a ghoulish caricature of a tech bro, and it’s clear his decisions are backed by people who still hold important roles in Tesla. What a joke to America. Edit: grammar and links - https://gizmodo.com/elon-musks-beer-pouring-optimus-robots-are-not-autonomous-2000510899

So by this point, it’s clear people who already bought a tesla or cyberpunk, already bought one. Who else would buy the next gen? That’s my question. Many Other car companies new models are more expensive and unreliable, that’s a fact. There is no market for them in this semi- recession.

Possible but as long as stock price is high I don’t know if mass, but def some layoffs

There’s an old saying hard to convince someone of something when their wallet will be affected. I’m butchering it but their income is tied to the company so they have a clear bias and blind spot.

“More than 10%“ meant 40% to even 100% in some teams. It was also done in multiple shots. So for over a month, people were traumatized and lost motivation. It would be very bad if he chooses to do it again now, people are fed up as it is.

Agree. What do you mean “a death sentence in Cali” though?

Cali, especially Silicon Valley, are facing mass layoffs and severe competitions. Most jobs now don’t pay a full wage until a year in, and they expect you to do more work for less pay while housing prices are sky high and energy cost, especially on powering AI, is seeping at taxes. Many people i know moved away. SV is just s giant manufacturing now with tech jobs dying, no entry level, etc. younger people moved away. Now imagine ex-Tesla workers being pushed into the already saturated market. Death.

Tesla will be bailed out as Elons salary and his stakeholding is increased despite poor performance in the most blatant taxpayer funded transition of tax money to an individual in history as always was the plan. Manufactured consent will be Tesla cant compete with BYD as it is state sponsored-instead of umfathomable incompetence and greed- so its only fair Tesla gets help from taxpayers. ETA 2-3 yrs depending on stage of fascist takeover. Buy the huge dip right before the bailout.

"it is difficult to get a man to understand something when his salary depends on his not understanding it" -- Upton Sinclair in his book, **I, Candidate for Governor: And How I Got Licked**

Yup that’s the quote and yup I butchered it.

personal hero of mine, and I really dig his house: https://en.wikipedia.org/wiki/Upton_Sinclair_House

To be clear though... Because of the unnecessary stupidity...

Yest but not for the reasons you think. He's putting the robots to work. He doesn't need people.

At its current valuation, not so sure.  Hard to price in a quarter-millennium’s earnings when the company is shrinking.

I work at a print shop in the Bay Area, I recently printed out layoff forms for an employee of Tesla. No sure if it was a one off thing but you never know