this post was submitted on 18 Apr 2024
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Tesla
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Discussion of Tesla, Inc.
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About Tesla
Tesla Inc. (formerly Tesla Motors) is an energy + technology company originally from California and currently headquartered in Austin, Texas.
They produce electric vehicles (with a heavy focus on autonomy), batteries, and energy/solar products for the grid.
Tesla’s mission is to accelerate the world’s transition to sustainable energy.
founded 2 years ago
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It's disgusting. $56 billion is enough to make someone the 18th richest person in America, and richer than some of the wealthiest whole families. 14,000 people have just had their jobs taken away through no fault of their own, the latest in what feels like a constant stream of large layoffs in multiple industries.
Look at how close Musk is to losing #1 in America - Musk is hemorrhaging money (mostly via Twitter) and others are catching up. If this is being driven by a narcissistic need to hold onto #1 it would make this ridiculous payout even more senseless.
"a constant stream of large layoffs", job numbers says otherwise. You are falling for the "report on X without context and ignore Y which counters the implication we want made by reporting upon X insistently.
Employment numbers don't account for people having multiple jobs. Unemployment numbers are often fiddled to make them smaller.
Layoffs are happening. That is no secret, it is widely reported. Some people might be finding other jobs, but that doesn't mean the job they find pays as well.
Which is why the participation rate matters. Yup, they are, just in considerably less numbers than the new hires. Correct, in fact it is reported to and by the Gov. Pay rates are reported as well. No one said everyone everywhere. What was said was more new job hires than layoffs and pay rising faster than inflation. Feel free to claim whatever you like. If you could prove the claim, you'd make mint doing so.