Tesla to cut thousands of jobs as Elon Musk warns the ‘road ahead is very difficult’

pgs

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https://www.bloomberg.com/graphics/2019-tesla-model-3-survey/market-evolution.html

Tesla’s Model 3 Success Hits BMW the Hardest

Two years after the Model 3’s rocky debut, drivers like Woodruff have startled automakers with a sudden rush toward electric vehicles. In the U.S., Tesla’s sedan has taken over the luxury class, outselling the category-defining BMW 3 Series and Mercedes Benz C-Class combined. And it’s doing so at a higher price: The average Model 3 goes for around $50,000, which is more than any of the top 10 vehicles that buyers traded in from other brands, according to responses to Bloomberg’s Model 3 owners survey. No other sedan in America is generating more revenue.
Yet you still haven’t ordered one , go figure .
 

taxslave

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lets see: Tesla batteries are made to go 300-500K miles
They are warrantied up to 120k miles -/ 8 years nobody even knows how long they will last
In the near future they will be built to go a million miles.
Model 3 battery replacement costs are $5-7000 thousand dollars - which is far less than an engine replacement on any comparable ice vehicle.
But continue lying about ev costs.
You provide me with a much needed laugh every now and then
So still no clue what you babble on about.
 

taxslave

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Hoid

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because only diesel generators can charge ev batteries.

little known white natty fact
 

Blackleaf

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But but but...
Tesla Inc. will cut its full-time employee headcount by 7 per cent, with Chief Executive Officer
Elon Musk saying "the road ahead is very difficult to make electric cars affordable for the mass market."
The shares fell 7.6 per cent in pre-market trading after the Palo Alto, California-based company said it managed to eke out a profit in the fourth quarter — though a narrower one than the hard-won third-quarter profit it reported in October, according to a blog post on Friday.
Tesla is under pressure to limit spending as it emerges from what Musk called the “most challenging” year in its history.
BY BLOOMBERG NEWS
ORIGINALLY PUBLISHED: JAN 18, 2019
https://business.financialpost.com/...jobs-to-lower-model-3-costs-shares-tumble/amp

It's what happens when you aren't in the EU, I'm afraid.
 

petros

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Green energy is killing jobs in Germany.

Germany’s economy may have narrowly avoided a recession, but the pressure on the country’s industry shows no sign of abating.


Daimler AG said this week it will shed 10% of management positions at its Mercedes unit, lifting the tally of job cuts announced this year across Germany’s manufacturing sector to more than 80,000, according to Bloomberg calculations.

Companies from Volkswagen AG to Siemens AG are letting go workers as Germany’s powerful automotive industry is struggling with a shift toward electrification and self-driving cars, and makers of machinery and robots are hit by slower exports and trade disputes.

Short-term work is at its highest in more than 3 years
While the country’s unemployment rate, at 5%, remains close to its historic low, the number of freelancers is rising and short-term work has been creeping up since last year. Automotive companies in particular have also started to shed thousands of jobs. Daimler alone pledged to cut a total of at least 1.4 billion euros ($1.5 billion) in personnel expenses -- potentially putting many more jobs at risk.


The full effect of the cuts may not be felt immediately. German labor laws and powerful unions make it difficult to fire workers, and many large companies have agreements banning forced dismissals, meaning job-cut programs have voluntary elements and sometimes run for years.

Still, the deteriorating prospects for employment could turn into a headache for the German government, which has been considering following countries from China to the U.K. in beefing up investments to stimulate its economy.

Here is a rundown of the main job cuts announced since the beginning of the year by German industrial companies. The tally includes foreign corporations that have announced cuts affecting staff in Europe’s biggest economy. It excludes the financial industry, cuts that remain unconfirmed, and programs where companies have not yet specified how many jobs will go.

COMPANY TOTAL WHERE DATE ANNOUNCED COMMENT
Airbus 1,100 Germany April 11 At Premium Aerotec in Augsburg
BASF 6,000 Global June 27 Half of those in Germany
Bilfinger 200 Germany Nov. 13 Admin and IT jobs
Bosch 2,840 Germany Oct 22 At three sites
Brose 2,000 Germany Oct 17 Bamberg, Hallstadt, Coburg, Wurzburg
Continental 20,000 Global Sept 25 7,000 in Germany
Daimler 1,100 Global Nov. 14 Managerial positions
Enercon 3,000 Germany Nov. 8 Jobs to go at Enercon and its suppliers
Diehl Aviation 240 Germany Oct. 7
Duerr 350 Germany Nov. 6 Closure of production in Hemmoor at Homag
Ford 5,000 Germany June 27 Part of 12,000 cuts across Europe
GEA Group 800 Global Sept 26 By the end of 2020
Goodyear 1,050 Germany Mar 19 Fulda, Hanau factories
Krones 400 Mostly Germany Oct. 30 Between 300 and 500
Kuka 350 Germany March 28 Augsburg headquarters
Leoni 2,000 Global March 18 500 in high-wage countries
Mann+Hummel 1,200 Global April 11 300 in Germany
Michelin 858 Germany Sept 25 French tire maker closes German site
Miele 1,720 Globally Oct. 30 890 in Germany
Philip Morris 950 Germany May 28 Ends cigarettes production in Berlin
Sanofi 466 France, Germany June 19 French drugmaker cuts R&D jobs
Schaeffler 2,200 Mostly Germany Mar 6, Oct 10
Schuler 500 Germany July 29 Production jobs
Siemens 13,100 Global May 8, June 18 2,700 at its power and gas unit, 4,900 in digital industries, 3,000 at smart infrastructure, 2,500 corporate
Stabilo-Schwan 200 Germany July 17 Jobs moved to Czech Republic, U.S.
Stahl Holding Saar 1,500 Germany Sept. 27 Jobs in Saar region
Thyssenkrupp 6,000 Germany, elsewhere May 10 4,000 in Germany
Vestas 500 Germany Sept 27 Danish wind turbine maker shrinks German plant
Voith Turbo 230 Germany Oct 14 Closing two plants
Vossloh 200 April 23 Cuts 5% of staff
Volkswagen 4,000 Germany June 5 VW brand will cut as many as 4,000 general and administrative jobs through 2023
WMF 400 July 10
 

petros

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https://electrek.co/2019/11/13/la-a...reetlights-giving-renters-a-place-to-plug-in/
Los Angles installing hundreds of ev chargers in street lights.
Well who would ever have guessed that you could use the existing electric grid to deliver electricity
what a world we live in

Only in old neighbourhoods. New streetlights are LED and don't need the current the old HIDs required.

It only took 60 years to improve the lux output of an LED.

The grid still needs expensive upgrades to handle EVs and all the damn electric heat, AC,cooking and gadgets hitting the market.

Do you know the cheapest way for power companies to meet the needs of the future of an antiquated grid?

Create a boogieman and get you to pay for solar panels on your roof. They will gladly pay you 1/3 of the market value per kWh of extra energy you think you will sell to offset the costs.

Guess what? You'll pay income tax and carbon tax on what you produce as well and will never recover your investment.

Do you really think you won't be paying a buck a kilowatt or more to charge an EV?
 
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Danbones

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Curious Cdn

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I sure see one hell of a lot of Teslas on my daily commute. Tesla deniers are just like climate change deniers .... Oh, wait! They're the same people!
 

Curious Cdn

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I know two people with Tesla's. They both love them.
I know two people with Teslas, as well and they are very happy with them.

There are literally hundreds of them in Oakville, now.

The oil industry is pissing into a strong wind. This technology will never, ever go away no matter what the petro schills post.
 

MHz

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Where you aware that most plastics and rubber parts are made from oil. How much oil is used to make those cars and charging stations?? If it is so good where is the mass production and major drop in costs that should come with mass production. The Arrow was chopped in half, all the blueprints found homes in foreign lands.


Production is increasing rather than decreasing. Exploration is the only phase that is completed.
 

Curious Cdn

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Where you aware that most plastics and rubber parts are made from oil. How much oil is used to make those cars and charging stations?? If it is so good where is the mass production and major drop in costs that should come with mass production. The Arrow was chopped in half, all the blueprints found homes in foreign lands.
Production is increasing rather than decreasing. Exploration is the only phase that is completed.
What's kicking the crap out of Alberta is not Eastern Liberals, nor welfare bum Ontario. It's that the World is awash in cheaply produced oil and fracking in the States has made Alberta oil irrelevant.
 

taxslave

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What's kicking the crap out of Alberta is not Eastern Liberals, nor welfare bum Ontario. It's that the World is awash in cheaply produced oil and fracking in the States has made Alberta oil irrelevant.
And yet the demand in Asia for our oil is growing. Which is why we must have pipelines to BC ports. The demand for thermal coal will soon outstrip supply as well and we would be foolish to miss out on that bonanza as well.
 

captain morgan

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And yet the demand in Asia for our oil is growing. Which is why we must have pipelines to BC ports. The demand for thermal coal will soon outstrip supply as well and we would be foolish to miss out on that bonanza as well.


China and India are ramping up their facilities to accommodate even more oil than they use today.


The shale oil boom will soon be leveling out and on the decline as these tight formations simply do not have any longevity to them... many/most of the shale oil companies have already developed their premium lands and well into the secondary and tertiary prospects that are less productive.


Add in the (very) high cost of drilling and developing the shale resources and you won't see nearly as much new, high risk developments unless the price point of oil heads North
 

petros

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Apparently all oil is the same. The same products can be made with any type of oil and there aren't any refineries that refine high end esters.
 

Hoid

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CN rail announces sweeping job cuts due to business conditions.

I would have thought they would be hiring in order to help with all these new oil car contacts.