4/15/24: Trump criminal trial begins, major Tesla layoffs
The David Pakman Show
David Pakman
4.8 • 6.3K Ratings
🗓️ 15 April 2024
⏱️ 61 minutes
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| 0:00.0 | I'm going to |
| 0:16.0 | Elon Musk's Tesla expected to lay off more than 10% of its workforce and everybody is seeing in this what they want to ascribe politically either to Elon Musk or to electric vehicles. |
| 0:20.6 | I think both interpretations are wrong here and I want to discuss it. |
| 0:24.4 | C NBC reporting Dow surges more than 100 points as strong retail sales and earnings |
| 0:31.6 | overshadow the Iran-Israel conflict but one company that is not |
| 0:36.7 | doing so well is Tesla Tesla will lay off more than 10% of its global workforce. |
| 0:44.6 | And it gives access, the article does, |
| 0:47.1 | to an Elon Musk memo that refers to preparing |
| 0:51.1 | the company for the next phase of growth, looking at cost reductions, |
| 0:55.7 | increasing productivity, and indeed there is going to be a more than 10% layoff of Tesla staff. |
| 1:02.1 | Now let me give you a couple different perspectives |
| 1:04.1 | on this that are being floated, |
| 1:06.2 | none of which I think really captures what's going on |
| 1:08.6 | and I say this, I'm gonna give this disclaimer |
| 1:11.0 | even though people said I no longer have to because I no longer own |
| 1:13.5 | the stock some people still think I do I used to own Tesla stock I sold all of it |
| 1:19.3 | okay I still drive a Tesla for a few more months, but then my lease is over and I'm getting |
| 1:26.0 | almost certainly something different. |
| 1:29.2 | So this has nothing to do with my personal connection to Tesla and quite frankly I don't you know I had such a |
| 1:34.4 | relatively small amount of stock anyway it doesn't even really matter there are some |
| 1:38.7 | who really don't like Elon Musk and are saying this is what Elon Musk has caused Elon Musk has ruined Tesla |
| 1:46.2 | it's terrible he ruined it just like he ruined Twitter by turning it into |
... |
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