As expected they are struggling with the dichotomy of pretending they are a tech company making cars (with associated sky high valuation and expectations of exponential growth in perpetuity) and the reality that they are a decent but not spectacular auto manufacturer (in which case stock valuation is completely insane). Whacking a ton of payroll gives a temporary spike in earnings so you can say profit grew this quarter (and get executive bonuses).not looking good for Tesla…
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Tesla Quietly Removes All U.S. Job Postings
It sure looks like Tesla has a hiring freeze after weeks of "hardcore" layoffs.gizmodo.com
Apparently they cut a bunch of the supercharger maintenance team too. That is a real head scratcher that could quickly spiral.
FWIW, I drove past a supercharger station in Barrie a few times on the weekend. About eight bays and both times they were full of blah. Tons of 3/Y with a token S. It reminded me of bike night circle jerks with the owners congratulating each other on their choice.