Meanwhile I seem to recall when Elon was going through his hell week or whatever it was he called it many workers were left in tears and left without a job. Yup he hates unions getting in the way of a good firing.
https://www.vehiclesuggest.com/tesla-employees-skip-the-planned-strike/ Tesla Employees Skip the Planned Strike, Turning It Into a Stand-Up Show with No One Standing By Saurav Revankar Last Updated: October 30, 2023 In recent days, there was mounting speculation about a planned strike at Tesla’s Infra City facility. Organized by the labor union IF Metall, the strike aimed to disrupt Tesla’s operations and caused a wave of concern among Tesla’s clientele. Many customers were anxious that the strike would lead to delays in servicing their vehicles, affecting their day-to-day mobility. However, as it turned out, the anticipated work stoppage did not materialize, leaving both employees and customers breathing a sigh of relief. On the day of the planned strike, the atmosphere at Tesla’s Infra City facility in Stockholm, Sweden was surprisingly normal. Contrary to the apprehensions that had been building up, there were no picket lines, no empty workstations, and no signs of any work stoppage. Cars were being serviced, and customers were coming in and out of the facility as they would on any regular day. What was even more surprising was that not a single employee had chosen to participate in the strike. The repair bays were active, customer service desks were manned, and the entire operation was running smoothly. As a result, no appointments had to be rescheduled, and customers who had been worried about potential delays were pleasantly surprised to find that it was business as usual. Tesla Employees Skip the Planned Strike When employees at Tesla’s Infra City facility were interviewed about their decision not to participate in the planned strike, one of the most cited reasons was the superior working conditions at Tesla compared to their previous workplaces. Employees expressed satisfaction with their current roles, stating that the work environment was conducive to both personal and professional growth. Beyond the basic salary, Tesla also offers its employees additional financial incentives that make it an attractive place to work. These include shift allowances and overtime pay, which are not only competitive but often exceed what is offered by other companies in the industry. Stock Options and Other Benefits Another significant factor that influenced employees’ decision not to strike was the stock options provided by Tesla. These stock options have not only served as an additional financial cushion but have also given employees a sense of ownership and stake in the company’s success. One young employee shared a personal story about how these stock options enabled him to purchase his first apartment. This example underscores the tangible benefits that Tesla’s compensation package brings to its employees, making them less inclined to disrupt the company’s operations. Strong Team Cohesion It was also noted that the average age of Tesla’s employees is lower than the industry average. This younger workforce brings a different set of expectations and values to the workplace, which Tesla seems to meet successfully. Employees emphasized the strong sense of community and job satisfaction among the staff. This strong team cohesion contributes to a positive work environment, which was cited as another reason for the low interest in participating in a strike. The sense of camaraderie and mutual respect among employees seems to be a driving force behind the high levels of job satisfaction and low employee turnover at Tesla’s Infra City facility. Employees’ Views on the Union Employees at Tesla’s Infra City facility had multiple interactions with representatives from the labor union IF Metall leading up to the planned strike. Despite these meetings, the union’s arguments and demands failed to resonate with the majority of the staff. Employees felt that the union’s approach was not compelling enough to warrant a work stoppage. Interestingly, only a small percentage of the staff at Tesla’s Infra City facility are members of IF Metall or any other labor union. Those who are members often cited old habits rather than strong convictions as the reason for their membership. This low level of union participation among Tesla employees further highlights the disconnect between the union’s agenda and the actual sentiments of the workforce. Concerns About Repercussions from Tesla One of the most striking aspects of the entire situation was that employees did not express any fear of repercussions from Tesla for participating in the strike. This is noteworthy because it suggests a level of trust and openness between the company and its employees. The absence of such fears further emphasizes the strong relationship that Tesla has built with its workforce, making them less inclined to participate in actions that could harm the company. While there was no fear of repercussions from Tesla, some employees did express concerns about potential repercussions from the labor union IF Metall. These concerns were not related to job security or financial penalties but were more about the social and peer pressure that could be exerted by the union. Employees were wary of how their decision not to participate in the strike might be perceived by union members and how it could affect their relationships within the broader industry network. Conclusion This incident serves as a testament to Tesla’s successful employee-centric approach. The company’s focus on providing competitive salaries, additional financial benefits, and a conducive work environment has led to high levels of job satisfaction and low employee turnover. It also highlights the strong sense of community and trust between the company and its employees, as evidenced by the lack of fear of repercussions from Tesla for participating in a strike. The failure of the planned strike challenges the narrative often presented by labor unions about employee dissatisfaction and poor working conditions. It raises questions about the relevance and effectiveness of traditional labor union tactics in modern, progressive companies like Tesla. The event also underscores the need for labor unions to reevaluate their strategies and approaches to better align with the realities and expectations of today’s workforce. © 2023 VEHICLESUGGEST
The list of media companies that have it in for Tesla just keeps growing and growing. Who's left? The Verge Hertz is scaling back its EV ambitions because its Teslas keep getting damaged Also, Uber drivers, who are using about half of Hertz’s Teslas, are damaging their cars more than Hertz expected. By Andrew J. Hawkins, transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Oct 27, 2023, 10:09 AM EDT| Share this story Photo by Rodin Eckenroth / Getty Images for Hertz Rental car company Hertz once envisioned itself as the ultimate EV broker, doling out battery-powered vehicles to business travelers, ridehail drivers, and tech newbies in an ambitious plan to grease the wheels for the EV revolution. The company inked agreements with Tesla and Polestar to buy nearly 200,000 EVs. Tesla’s valuation topped $1 trillion on the news. But like many other aspects of the EV switch, that plan is running into some headwinds. This week, Hertz said it was tapping the brakes on its EV rollout, citing the plummeting resale value of its EVs and the high cost of repair. Tesla has been slashing prices to spark sales as it finds itself wrestling with softening demand and more competition. And repair costs are about double what the company spends on gas car fixes, Hertz CEO Stephen Scherr told Bloomberg. Part of the problem is linked to Hertz’s plans to rent EVs to ridehail drivers. Of the 100,000 Tesla acquired by Hertz, half were to be allocated to Uber drivers as part of a deal with the ridehail company. And drivers said they loved the Teslas! But Uber drivers also tend to drive their vehicles into the ground. This higher rate of utilization can lead to a lot of damage — certainly more than Hertz was anticipating. Hertz said it tried to mitigate “higher incidents of damage among EV rideshare drivers” by siphoning some of its fleet into its leisure segment. But that didn’t work out as well as the company hoped. “Higher incidents of damage among EV rideshare drivers” “With hindsight, this left leisure over fleeted with EVs,” Scherr said in an earnings call this week. “As a result, RPD [revenue per day] for our electric vehicles in leisure dropped, which contributed to the lower RPD performance for the company in the quarter.” Take this into account: Bloomberg says that factoring out its EV costs, Hertz probably would have met Wall Street’s expectations for the quarter. The company’s stock dropped about 15 percent in the past five days. Price cuts have taken another toll on Hertz. “The MSRP [manufacturer suggested retail price] declines in EVs over the course of 2023, driven primarily by Tesla, have driven the fair market value of our EVs lower as compared to last year, such that a salvage creates a larger loss and, therefore, greater burden,” Scherr said. The earnings report reflects the disproportionate risks that Hertz has assumed in its dealings with Tesla and Uber. A few years ago, everyone seemed thrilled: Tesla was getting a huge valuation bump; Uber was getting more EVs in the hands of drivers, helping it reach its goal of a carbon-neutral fleet by 2030; and Hertz was getting the distinction of making the largest EV purchase in history. But now we see that those who own the EVs absorb all the costs. Fleet owners and managers like Hertz live and die by the value and repairability of their assets. And when your assets are a brand of EV that doesn’t have the greatest reputation for quality and dependability, you end up shelling out more money than you originally intended. But one-quarter of crummy numbers isn’t deterring Hertz from its mission. The company also has a deal to acquire 65,000 Polestars, which also doesn’t have the best reputation for reliability but a slightly better one than Tesla. “We nonetheless remain committed to our long-term strategy to electrify the fleet,” Scherr said. “We believe in the value of being a first-mover.” https://www.theverge.com/2023/10/27/23934691/hertz-tesla-uber-ev-plans-damage-repair-price-cuts
That's about what I came up with too, $178 actually, but as these things go, they'll inevitably hit a target, hang out for few days, and then overshoot to the downside one last time.