parismarx ,
@parismarx@mastodon.online avatar

Elon Musk might say Tesla is preparing for its “next growth phase cycle,” but laying off 14,000 people after news the mass-market vehicle was canceled and sales are dropping doesn’t suggest things are going all that great.

https://www.reuters.com/business/autos-transportation/tesla-lay-off-more-than-10-its-staff-electrek-reports-2024-04-15/

#tesla #elonmusk #evs #cars #tech

rustoleumlove ,
@rustoleumlove@mastodon.online avatar

@parismarx prolly just a euphemism for fapping

jplebreton ,
@jplebreton@mastodon.social avatar

@parismarx waiting for the day that the investor herd mentality wears off enough that their stock stops being absurdly overvalued.

FeralRobots ,
@FeralRobots@mastodon.social avatar

@parismarx
if one wants to actually create things, one needs engineers & people to staff the factories.
If one wants to bust unions & engage in fashion-compliance, one does layoffs.

knud ,
@knud@mastodon.social avatar

@parismarx

Well, making overblown promises and then cancelling them later was one of the main strategies throughout Musk's businesses.

Now claiming to survive with "robotaxis" will not help strengthen confidence in Musk.

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