ST Alpha - "Elon announces he’s going to cut 10% of Tesla’s workforce because he has a bad feeling about the economy. " (Reading a Post)

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Elon announces he’s going to cut 10% of Tesla’s workforce because he has a bad feeling about the economy.

Posted by Will Hunting (aka JoeMetz) Jun 3 '22, 07:23

A bad feeling. Not his company is having challenges or anything that would actively impact their operations (neither of which is happening)…but a bad feeling about the economy’s future.

How the fuck did this guy ever get successful? He might be dumber than Trump when you examine thought processes.

Responses:

CR will replace EV. -- nm - Spawn Jun 3, 08:54
TSLA, -7% lol. -- (edited) - znufrii Jun 3, 07:35 5
- If Tesla was showing legitimate issues, it makes sense. But they're not (other than the stock price coming down from laughable multiples and - Will Hunting Jun 3, 07:49 4
  - hilarious that while this is more likely a temper tantrum in response to this week’s NYTimes article, he’s also probably not wrong on the fundamental macro outlook. -- nm* - znufrii Jun 3, 08:49 3
    - There's a fair amount of debate about that, but either way he has orders he's still trying to fill now. You don't cut before you need to. -- nm - pmb Jun 3, 09:42 2
      - It depends what areas are being cut. Line workers being laid off/fired is bad. Execs or other office staff, maybe not bad. - TWuG Jun 3, 09:59
      - This is what causes the recessions ... it's amazing how much the economy is based on emotional confidence. - Will Hunting Jun 3, 09:45
He's Mark Cuban, except Cuban understands he got insanely lucky with his timing. -- nm - Reagen Jun 3, 07:31 9
- and Cuban seems like an overall pretty decent guy -- nm - Beaker Jun 3, 07:32 8
  - *hand-wavey* He's a frat-brother in charge. He's not a Dan Snyder, but he's presided over a terrible organization for decency. -- nm - Will Hunting Jun 3, 07:50
  - he's that dick they show scowling at Mavs games, right? -- nm - mud Jun 3, 07:34 6
    - Yes -- nm - Pippy Jun 3, 08:01 5
      - :-) -- nm - mud Jun 3, 08:21 4
        
        TBF, he also scowls a lot on Shark Tank, but he also makes a crap ton of deals. -- nm - Swilcan Baron Jun 3, 08:49 3
        
        He also set up the "at cost" online drugs website. -- nm - Spawn Jun 3, 09:31 2
        
        sheesh - mud Jun 3, 09:43 1
        
        I mean he is kind of a dick but is almost best case scenario for a tech billionaire. -- nm - Reagen Jun 3, 09:51

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Elon announces he’s going to cut 10% of Tesla’s workforce because he has a bad feeling about the economy.

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