<story><title>Tesla to lay off more than 10% of its staff</title><url>https://www.reuters.com/business/autos-transportation/tesla-lay-off-more-than-10-its-staff-electrek-reports-2024-04-15/</url></story><parent_chain></parent_chain><comment><author>thecupisblue</author><text>Seems like another way to avoid the death spiral trap Elon has set up for himself.&lt;p&gt;- Bought Twitter with Tesla stock as collateral&lt;p&gt;- Tesla faces falling EV sales and external competition&lt;p&gt;- Unionisation pressures, declining product quality, Elon losing his reach and audience&amp;#x27;s good graces&lt;p&gt;- Stock price falling too low can trigger a margin call on his loans&lt;p&gt;- Starts actual marketing, price cuts&lt;p&gt;- Price cuts chew into profits, stock falls&lt;p&gt;- Announces &amp;quot;real FSD&amp;quot; for 100th time&lt;p&gt;- Announces &amp;quot;robotaxis&amp;quot;&lt;p&gt;- Layoffs happening&lt;p&gt;While this might end up with a small bump in the price to avoid the margin calls, it might also end up being part of a downward spiral for Tesla in the end, depending on where and what they are cutting.&lt;p&gt;It would be unfortunate to see Tesla crash after everything due to his wish to buy Twitter and I think we might see him ousted in the following year or so. Before it was &amp;quot;Elon is Tesla&amp;#x27;s marketing driver so we can&amp;#x27;t kick him out&amp;quot;, nowadays it seems way less so with him being more of a detractor.</text></comment>
<story><title>Tesla to lay off more than 10% of its staff</title><url>https://www.reuters.com/business/autos-transportation/tesla-lay-off-more-than-10-its-staff-electrek-reports-2024-04-15/</url></story><parent_chain></parent_chain><comment><author>ineedaj0b</author><text>The coming Chinese EV storm will cause Tesla to struggle. All car manufacturers will struggle.&lt;p&gt;I wonder if the Chinese will pull a Toyota (high quality, and cheap) or if they’ll end up being a different flavor</text></comment>