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Give that man a $56bn pay package!
/s
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Submitted 6 months ago by vegeta@lemmy.world to technology@lemmy.world
Comments
RagingSnarkasm@lemmy.world 6 months ago
monkeyslikebananas2@lemmy.world 6 months ago
Gotta pay for it somehow. Just fire everyone and pay him instead. Pretty sure he can do it all himself.
/s
dragontamer@lemmy.world 6 months ago
Its an all-stock deal.
Meaning its down to like $47 Billion, last time I checked. As the stock price drops, the cheaper the pay package gets!!
4grams@awful.systems 6 months ago
Feels like the automotive world is in utter chaos. I do believe in EVs and hybrids but manufacturers have focused on the premium segment to their own detriment. If they had started with the MVP instead of a flagship things might be in a different situation.
Yes, I am an aware of the Tesla strategy of stating high end but they seem to have abandoned that goal in favor of prestige meme wagons.
ArbiterXero@lemmy.world 6 months ago
It’s not just automotive, nobody is happy with “decent profits” anymore so they all only want to make premium things for premium prices.
Housing, cars, computers etc….
It’s the relentless drive to make MORE profits than last year
dtaylor84@lemmy.dbzer0.com 6 months ago
Nah, they want to sell cheap crap for premium prices.
dumpsterlid@lemmy.world 6 months ago
Feels like the automotive world is in utter chaos.
I think maybe a whole lot of rich and powerful people in the automotive industry are beginning to realize that most of the automotive industry is going to be “commodified” and entirely eradicated by shockingly affordable relatively small electric vehicles from China (and hopefully elsewhere too! If places elsewhere don’t just thumb their noses and say “that’s what CHINA does”) that not only displace their fossil fuel counterparts but more broadly destabilize the focus of the car as the center of modern life in a way that I don’t imagine anybody fucked up enough in their heart to make it to the top of the automotive industry can really accept.
sugar_in_your_tea@sh.itjust.works 6 months ago
I don’t know about other countries, but I honestly don’t see that happening in the US.
I would love it if cars stop being so central to modern life, but we’re so far down that path that it just isn’t happening.
Commodity cars from China and elsewhere will probably consumer the bottom of the market for commuters, but it won’t replace the middle and higher ends of the car markets, and those are the most valuable anyway.
The thing is, EVs are remarkably simple. Instead of a complex engine, it’s just a battery and motor, and batteries are getting cheaper. So companies like Tesla will need to provide value some other way (self-driving, range, interior features, etc), since just getting from A to B is a lot easier to compete on. I have no doubt companies will do that, so there’s very little risk of the auto industry collapsing, they’ll just need to shift toward branding and premium features (which they’re already doing). It’s just that it’s at an awkward transition point since EV range doesn’t quite meet customer needs, charging network isn’t quite good enough, and fossil fuels are a short-term solution since both battery tech (e.g. range) and charging networks are getting better (so something like 5 years until ICE is almost entirely unnecessary for average consumers).
partial_accumen@lemmy.world 6 months ago
If they had started with the MVP instead of a flagship things might be in a different situation.
I agree it would be different. They would have gone bankrupt from selling a car for $25k that cost them $60k to make.
They started with flagship car because the technology and manufacturing was immature and costly. That “hurts less” when you’re only make a small number of cars. Flagship cars also let you charge a lot more for the product because that level has a higher margin. So they can lose some margin to technological development and still not sell cars for a loss with a flagship to begin with.
I do agree we need cheaper mass market EVs, however.
UpperBroccoli@lemmy.blahaj.zone 6 months ago
In an email obtained by Electrek, Musk said he wanted Tesla to be “absolutely hard core” about layoffs, threatening to sack executives whose subordinates “don’t obviously pass the excellent, necessary and trustworthy test.”
Everyone should just quiet and let him do everything on his own, that is bound to skyrocket the revenue!
penquin@lemm.ee 6 months ago
When the head of HR leaves, you know shit is real. Lmao
dustyData@lemmy.world 6 months ago
The shitshow must be so bad for HR to llave. That’s usually a gigantic red flag that screams “not even management wants to be stained by whatever shit is hitting the fan”. The next decade of Tesla labor lawsuits are going to be popcorn worthy.
sugar_in_your_tea@sh.itjust.works 6 months ago
So it doesn’t sound like they left on their own…