Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable

[Skryll]

"Unlimited PTO" is viewed as a trap. No one wants to be known as the person using the most PTO so it becomes a goal to use less and less. I've avoided companies with unlimited pto for this reason. I like my vacations and prefer to have an agreement, in writing , to my amount of paid time off each year.

Maybe Tesla is better about it. Time will tell.

The other catch, and motivation financially for the company, is that with unlimited PTO they do not actually have to pay out unused vacation when you leave the company, so don't have to keep that as a liability on their balance sheet either. At least here in California, before they moved us (not Tesla, some other renewable startup ) to that model, we got paid out all unused vacation days accrued on termination

 

[PeterJA]

...It is not helpful for any of us to attempt to place Elon Musk on a political spectrum....

Yes, pity the poor politicos trying to figure out Elon. On one hand, he...

• fights climate change (more than any single human)
• quit Trump's Advisory Council in protest
• saves American taxpayers billions in orbital launch costs
• ended American dependence on Russian rocket engines
• fights Russian aggression in Ukraine (with crucial energy and communication tech)
• owns no mansions, yachts, or private islands
• works 18 hours/day, 7 days/week
• shares ownership of the means of production with his workers
• favors Universal Basic Income (a more radical Socialist idea than Universal Healthcare)
• calls himself the S-word (Socialist)
• favors government regulation of Artificial Intelligence
• put a woman in charge of his favorite company (Gywnne Shotwell of SpaceX)
• put a gay man in charge of his biggest company finances (Zach Kirkhorn of Tesla)
• hires people regardless of class and formal education
• builds products in America with American workers
• supports freedom of speech (like the American Founding Fathers)

On the other hand, he is (shudder) a self-made billionaire and doesn't like corrupt unions.

What a puzzler.

 

[UnknownSoldier]

The other catch, and motivation financially for the company, is that with unlimited PTO they do not actually have to pay out unused vacation when you leave the company, so don't have to keep that as a liability on their balance sheet either. At least here in California, before they moved us (not Tesla, some other renewable startup ) to that model, we got paid out all unused vacation days accrued on termination

As far as I know this is only true for hourly employees who accumulate a quantifiable bank of PTO time unless California is different from most other states.

 

[Nocturnal]

Some positive press (IMO) in WaPo earlier. Topic is verboten, but you can probably guess what it's about (was alluded to in the impact report)

 

[Pezpunk]

Didn’t see it anywhere on the last 5 pages but I could have missed it. Model 3 and Y being delivered without Charging Ports (not the cable, the port itself) and being held at the delivery center until the part comes in. Reports of the same thing at multiple locations.

 

[DarthPierce]

As far as I know this is only true for hourly employees who accumulate a quantifiable bank of PTO time unless California is different from most other states.

It's been true of me as a salaried employee in CA, WA, and CO. (They must pay out accrued vacation upon termination). Not true of "floating holidays" though.

 

[ZeApelido]

I take unlimited PTB [Paid Time Browsing TMC].

 

[ZeApelido]

Probably Thursday release.

Thursday, June 2nd.

https://twitter.com/x/status/1522669016023666688

 

[ItsNotAboutTheMoney]

• favors Universal Basic Income (a more radical Socialist idea than Universal Healthcare)

More of a Utilitarian idea than Socialist.

 

[The Accountant]

Probably Thursday release.

Thursday, June 2nd.

https://twitter.com/x/status/1522669016023666688

I see what you did there !
But 2 weeks from Thursday is May 26

 

[elasalle]

Probably Thursday release.

Thursday, June 2nd.

https://twitter.com/x/status/1522669016023666688

Happening even with Karpathy on leave ...

 

[jhm]

What is max pain for today?

Just being in the market.

 

[hacer]

Nothing a bit of spectroscopy could not solve

The spectroscopy shows you that your scrap wheels are full of iron and zinc. How exactly does spectroscopy remove these impurities? It doesn't; you have to go through non-trivial processing cycles to do that. Tesla may have vertically integrated aluminum recycling if they deemed it advantageous but it's unclear to me if they actually do. Presumably re-melting a bad cast part doesn't require such heavy lifting as buying external scrap and processing it.

 

[SN_8]

Nothing a bit of spectroscopy could not solve

I thought mentioning those procedures were verboten.

 

[UnknownSoldier]

Why Musk’s Twitter Bid Has Shaken Tesla Investors (Published 2022)

The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.

www.nytimes.com

I don't honestly need to even waste keystrokes commenting on this, it stands on it's own.

 

[StealthP3D]

"Unlimited PTO" is viewed as a trap. No one wants to be known as the person using the most PTO so it becomes a goal to use less and less. I've avoided companies with unlimited pto for this reason. I like my vacations and prefer to have an agreement, in writing , to my amount of paid time off each year.

Maybe Tesla is better about it. Time will tell.

If you are actually good at what you do, you are too valuable to the company for them to worry about whether you take zero time off or four weeks every year to have a nice vacation. Tesla has a pragmatic corporate perspective so, if you fall into the "valuable" type of employee, you already know where you stand.

If you are already of below average benefit to the company, and you want to keep your job, then you don't have to be a rocket scientist to know that a long vacation is risky. Most people at Tesla are there because they want meaningful work in their lives, not busy work.

 

[dano-oly]

And clairvoyant!

And purple green!

 

[Skryll]

Why Musk’s Twitter Bid Has Shaken Tesla Investors (Published 2022)

The chief executive’s debt load, his divided attention and Twitter’s own challenges could all take a toll on his electric-car company.

www.nytimes.com

I don't honestly need to even waste keystrokes commenting on this, it stands on it's own.

and yet

 

[Buckminster]

25k hired from 3 million applications. Acceptance rate is 0.83%

 

[jhm]

25k hired from 3 million applications. Acceptance rate is 0.83%

Stanford acceptance rate is 5.2%

Obviously, 99% of applicants are real losers. Tesla could only find 28.5k good ones out of 3M. That's a lot of brain-dead cult members to pass over. So sad.

edit: \s, in case you didn't make the cut