Tesla falls after company says more than 10% of workforce will be laid off

"Clearly you don't follow Kim Kardashian - you're pathetic" WOW did she just say that to him? Ok Sarah... I mean Karen!

That's what happens when you spend $44 billion on rubbish.

would you buy rivian stocks?

Sarah you called him pathetic you are such a B

EV is doomed, and everybody know it since Germany removed subsidies in 2024 with a fall in sales of -12.6 % in february, -29 % in march

straight white men are not welcome on Instagram

It's hard to mass sell a vehicle that retails North of $40K for the working class market that can't spend more than $23K. Then of course there is the charging time. Most of the $23K Market forks are living in cramped apartments with NO Tesla charger in their living rooms and no streetside charger provided by the complex.

There's just a whole segment of the market that is NOT going to adopt this technology at a 65% price premium and then have to drive the car somewhere and wait 3 hours for a marginal charge for the day's use.

It's not competitive with ICE yet for mass market appeal. Plus they seem to loose resale value faster.

Look we all want to stop climate change/global warming/ all that stuff. But the smarter way is probably going to get people back into some aspects of medium range mass transit. My area has a NEW Brightline train service that plans to build a station in Stuart, Martin County FL, where there is poor EV adoption. For me, the benefit is access to Orlando or West Palm or Miami to get from home to an airport the easiest with no use of a personal car.

There is of course one other option, Tesla could design a car with a fold down seats that double as a bed. Since I will have to wait 3-4 hours to charge it, I will probably have to sleep in the car while it charges. Unless large charging banks are built around employers, then people can have the car charge in the day while at work. But most employers don't seem to interested in paying for chargers.

I would buy the stock at $17 per share. I would buy an EV car at $18K. See the mismatch with reality?

It was a nice novelty car company for those people making North of $150K per year that could afford the home charging system in their garage and pay the premium price for the car and the concept because they are Environmentally conscientious and financially able.

But this guy needs to realize that 500K units per year is such a minute segment of the overall
automobile market to justify anything but maybe a $17 share price.

How many units does Ford sell of it's F150 Truck annually? And yet it's a $12 per share stock.

David, Resist the Tech Trends. How long did Warren use a Flip Phone? Like he just got a smart phone last year. And he could buy the whole company.

Too much weed hurts...

EVs are too expensive for most people. Most sales are business lease contracts/fleet sales. And these type of sales are dropping like a stone...

The irony. She is the one who is lame for following the kardashians lol

Thanks to Bye-Done's Relentlessly weaponized several departments...

Cuts mean you are in trouble.

Are the fan boys who are down 65% from peak still not understanding what a stop loss is?

Layoffs are necessary to properly manage the business. Now we need direction and a plan for the current situation….Elon?

Google and Tesla were engineering the news for years .. they told us about this demand that when we talked to our friends ... what demand?? This news bs is just an extension of safe and effective .. but as always the truth seems to come out if you are not a cult follower

Man-child Elon's Day of Reckoning with the Real World, LOL😂😂😂

Only hope as a sharewolder that the fired can get some good cash at least right elon?

Did that girl just call that guy pathetic on live television on a business channel. CNBC what are you doing?

what is wrong with that girl calling a grown man pathetic live on television, and on top of that isn’t even speaking loud enough, why is kim being brought up we’re talking about Tesla here smh 🤦‍♂️

He didn't go woke but he still broke

Tesla has no fr the business media now! Only negative spin on anything Tesla related!😂

The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $750k is down to $592k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

Omg I’m not even following Kim Kardashian on instagram (an app I never use but have) I should be made fun of on live television. The real loser/pathetic person is the person following Kim kardashian on instagram. She wouldn’t even bat an eye if she saw you in real life, she just needs followers for her money.

Part of Tesla is heading to India ....

Following Kim Kardashian is what's pathetic

Average company that makes average vehicles.

Elon is nuts. Thats the problem. Hes the problem. And to say the cybertruck is cool? ..A rusty stainless steel refrigerator with wheels.. is in your words "pathetic." 😂

Wait until the huge write-down they'll have to do when the cyber truck initial sales momentum fall off the cliff.

Instagram is pathetic

“Once FSD is super smooth (not just safe), we will roll out a free month trial for all cars in North America,” Musk tweeted Monday. “Then extend to rest of world after we ensure it works well on local roads and regulators approve it in that country.” May 8, 2023

Tesla just did that, they made it available to all Teslas that support FSD in the US and Canada. I’ve driven it and it is mind blowing. New versions come out every two weeks so it is improving rapidly. The product is now end to end AI and trains using actual driver video. Supervised Full Self Driving is no longer a Beta product and is now ready for wide release.

They just lowered the price to $99/mo and anecdotally the take rate will be much higher than before. I certainly will do it.

Tesla have to layoff many oversea communist chinese workers; force to return home to china or force to work china's Tesla factory. Why? too many competitor copies (Lucid, BYD, etc) or industrial espionage issues which makes unfair business practice. . Who is responsible for layoffs? Yellen.

You mean the stainless steel fridge on wheels barreling down Broadway.😂

Musk lied about growth, release schedule, competition, pricing strategy, milage range, degree of self autonomy and probably sales as well since Tesla only reports deliveries. Any other CEO would be in jail by now.

Ha, the next phase is phasing these disasters out.

If this were any other country, Musk would have received a D penalty by now for scamming billions from taxpayers.

10% of employees just los their jobs and livelihoods and you idiots are cracking jokes about instagram?

ALWAYS TRUST IN TESLA ❤

"Hey guys, I just tried to pay myself $56 billion. Even though it didnt happen, I dont have enough money for you. K bye."

MUSK NEEDS TO RESIGN! He's no longer the focused visionary. He's now the distracted head case.

I pray these tesla and other tech sector layoffs DO inspire the newly unemployed to find apt leadership and financial backing to ordinately compete with all companies that believe it at all profitable to listen to a machine explaine to you how it is best to use machines to distribute (fast food service) french fries for example to humans for eating, as well any job now accomplished by slow and accident prone organic life forms.
Of course we might mention to these that now and then any layoffs experienced are simply to downsize the labor force because the machines are now programmed with all of your invested time and efforts, and they find you all unnecessary. It is our future to deny ourselves a future. Some one else can purchase and drive these cars if you lack the vision. Truly sarcasm has no place any longer in our society so please forgive me.

Don’t kid yourself. This has been planed. Teslas Robots will be the new workforce and this will make Tesla cars cheeper and their stock will grow.

He just fired 10% of his employees but he wants his bonus.. smh

You’re pathetic; she implied 😂

Good. A big crock of overpaid union thugs given the boot. More companies need to follow this example. Now those losers will have to find a REAL job.

... BRANDONOMICS to the maxxx.. BILLIONS in taxpayers money going to a state that commits genocide in palestine...

what more can you ask for, our economy is not even close for THE november 2024 elections & the outlook is so, so bad.

i dont get the cyber Truck thing. seems unpractical

Or it could mean he's going to replace people with robots.🤔

More downside for Tesla. This company is not even worth its current market cap. it should be trading around 180billion market capitalisation. Finally the market has recognised this overvalued company.