Quick Charge Daily: Tesla pulls back on Supercharger
2024 ж. 16 Мам.
1 073 Рет қаралды
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Thank you.
Tesla (Elon) sacking the supercharger team is really dumb IMHO.
Speach: Slow down please.
You know you can slow down the video if you can't keep up???
Hey Norton Commando 750 Twin 1973 ?
Yep! not exactly sure about the year but I believe the engine is pre-1972 based on the crank hardware studs and bolts which are slightly different from before 1972 and after 1972
I can tell you what happened…lowering the price of new vehicles, KILLED Tesla customers. Imagine buying a new plaid for 120k, taking out a loan and owing a bank 130k or whatever. Now a new one is 90k, when it depreciates it will be worth 60-70k, rather than 90-100. So Tesla added 30k in negative equity to all its owners. Now a Tesla owner is flipped by 50-60k in their new car, not good
The cuts are due to China subsidies. If Tesla doesn't cut pricing they lose market share. Right now I believe China is losing 10 for every car sold while Tesla still makes a smaller profit. I think he will break China.
@@matthewtatarian147 Whatever the reason, it created a massive negative equity hole for previous customers. All cars depreciate, EVs depreciate more, when new prices are cut it destructive. To owe 120k on a car that’s is now worth 50-60, and it was the company that you bought it from that did that, it’s a problem
Early adopters of new technologies always pay the highest prices. As production scales costs and prices dramatically drop. Witness computers, phones, and TVs as some examples.
@@stevennelson7518 That’s a fair point, but spending 5k on a tv that’s now 3k or 3k and it’s now 1500 is way less of a hit then owing a bank 50k more than your car is worth. Tesla needs to have some type of buyback program so their customers can trade out without getting destroyed with negative equity. If you roll it into another loan, now you owe 150k on a car that new is worth 90, and then it’s worth 50-60 and you’re 100k flipped. It’s a disaster for banks, insurance companies, and consumers
I think a refocus on most profitable and hence important lines is essential. Supercharging has been hugely successful. It's great that it is profitable, but it is not a product per se. It is a support service with quite limited profitability. The scale of expansion was predicated on legacy commitment to EVs That's been withdrawn. So clearly the supercharger plan should be trimmed in near term.
Steven - Are you scripting your stories? When reading off prewritten stories (if you are) you might find yourself doubling up and repeating information. When editing your show, consider rewriting some of the content of the second (similar) story to remove information previously stated.
I think that firing the whole Supercharger team is a short-sighted move. The Supercharger group represents a cash cow for Tesla. With a growing profit available moving forward because Tesla successfully became the U.S. standard. Throwing away this advantage so visibly at the same time as maintaining support for AI, solar, robotics and self driving seems like a bad move considering that these areas have been shaky, unreliable and problematic for years. With few guarantees for growing revenue, as opposed to their Supercharging network, which has proven to be a reliable and growing division. Why punish success, and reward uncertainty?
Important to get the pruning done quickly. It has to be short and sharp and over pruning is not unusual. In six months it will all be forgotten. This is a support service, not a lead product. Focus on software AI and robotics is the key
How stupid when so many non Tesla EV vehicles are about to start using Tesla superchargers, which mean added income for Tesla. The more I see the stock plummet and see stupid decisions like these, the more I think it’s time for Elon to go and dedicate 100% of his time to X and SpaceX.
The stock fell less the 2% on this news. It falls much more when reuters burps up stale news from years ago. Do you recall how stupid the idea to build an electric car was? Let other people build out the chargers in the rural flyover states.
@@danharold3087 Apparently the Billion dollars spent each year but oil companies to influence social media and news outlets into pushing the false narrative that EVs are bad, ice vehicles are good is working! Keep drinking that anti-Ev propaganda! It clearly worked on you!
But they are NOT are they. Legacy has withdrawn its EV growth commitments. No one is saying no growth, but growth in support services must be commensurate with the growth in product lines.
'Maybe there is something going on we don't know about'. Tesla spending $10 B on Training and inference this year. Tesla said it would expand existing locations as needed. With NACS Tesla can now let other people build charging in less profitable locations. Honestly we need to let the dust settle so we can see what happened. Has been a slow media week and everyone is scrambling for or inventing the scoop.
Capital allocation and headcount should be to growth business lines. We all know where the growth is. Supercharging should get enough to remain market leading. It's not a mission per se.
Pulling back on new supercharger sites is smart. Utilities are slow in running power which slows new sites down. Then there is the DC Fast charger money the govt is giving out for each charger.... much faster to add chargers to existing more congested sites and get more govt. money. Finally, with OEMs pulling back on making EVs there will not be the flood of them using Tesla's network that Tesla might have thought. Slowing things down and consolidating is a good idea. Just as you mentioned, from Musk's own X-posts I would guess that the head of the supercharger line of business didn't want to cut the number of headcount that Elon asked for. He therefore cut her and her entire team because he probably did not have insight into which team members were the top performers. He can now hire back on these folks if they need to and make them interview for their previous job.... finding out who was actually doing the work. Firing this head person made the other top execs realize that their own heads are not sacred. A brutal but effective approach when managers want to hold on to their little kingdoms and alliances they have built up as power bases. One of Elon's main jobs is to find out which people are setting up silos and kingdoms and fire them..... opening up that group to communicate freely to all other parts of the business.
Well said.
Very insightful. Thanks
I guess in a few years we'll find out if this move was brilliant or boneheaded. Hard to tell by looking from the outside. On the surface, definitely doesn't look like good news.
@@davidmenasco5743 Lots of competition making EVs. Profit margins shrink as companies are willing to pay customers to take cars. Tesla and Elon is pivoting to the next profit center AI while Tesla can come up with the money to do it. Thus the workforce cut. Better characterized as a workforce reorganization. HIring the people it needs while cutting people it can do without.
@@davidmenasco5743 One way to look at this. EV margins are shrinking. Too many selling EVs below cost. When Tesla builds a car for less others copy. Tesla is pivoting to AI while it has the billions to do it w/o borrowing. This is a path not many can follow. Very high margins. Not to say Tesla is giving up on cars. Just redirecting money to make AI happen. AND Tesla has taken the transition to where EVs would dominate with or w/o Tesla so for that step mission accomplished. At this point it is a profit center.