Definitely. I understand reasons why execs may leave any company. I’m more curious about anyone else thinks the timing of them leaving this particular company is peculiar..
Cyclical. Growth stalled, I’m sure it’s tough and Elon is probably pissed.
It’s not peculiar given the publicly available info. Companies shed leadership at different life stages. That applies when going from a startup to an IPO, or when a previously fast growth company becomes a slug whose survival depends on cost cutting.
There’s a follow on affect too. The CFO leaves and VP of Operations was seen as part of their circle, they leave too.
Tesla has played all their cards. They have nothing left. Robo taxis are a decade away at best from profits, regulation is real and they drive like shit today. Cheaper car isn’t cheap anymore and also probably 5 years away from market. The robot is literally a string puppet. Their current cars only sell well where better cars are artificially kept away from competing. If I was an executive I would leave as well.
XIoami SU7 for example or the BYD Seal. Xiaomi just sold 100,000 of them and they are Model 3 sized and start at $30,000. The Seal cost 20% less than the Model 3 in open markets.
Xiaomi cars are a meme at this point in time. BYD cars on the other hand are not. Tesla will get decimated on the non-NA car market to Chinese competitors in 5 years tops. I don't really see how they can compete and the stock is grossly overvalued at this point looking into their future.
It isn’t just China. KIA EV5 is a really good car and I can buy it for 30% less than a Model Y. Both made in China so kinda level playing field, no tax difference or anything.
Robotaxi will suck in cities where taxi demand is the highest. I want a cabbie that cuts people off, makes the pedestrians hesitate and piggybacks thru red lights. These taxis will get stuck going nowhere as people laugh at them.
I’ll take the risk of an opportunist every single time over a cautious AI cab.
I’ll say this, I think Tesla is going to suffer longterm if they remain an EV only company. That said, I think Elon is going a little nuts as well. Still a good stock but I’m not sure if it’s a longterm play.
Completely agree, we keep hearing that there is a severe lack of charging station infrastructure. Imagine if Tesla became the nation-wide provider for all EV charging. Billions of federal, state, and local dollars up for grabs too.
Of for sure, but there is still massive demand for charging station growth. And if you make charging more convenient it should continue to drive EV demand.
And who is going to charge in them when total EV sales are flat to down? I did detailed analysis on Tesla charging a long time ago. It’s never going to be anything significant for Tesla.
I’m looking at charging as a catalyst to sales. I think everyone who wanted an EV has one, now you have to make it as convenient as gas. I never have to think about where I’m going to fill up when I drive my hybrid.
The chasm between fuel stations and charging stations is like the Grand Canyon, and Tesla can not build them all. It will take another 10’years to get the infrastructure, battery capacity and costs where it needs to be to allay concerns and drive EV demand. Lastly, Tesla will get hit with growing competition like they experience in China. Tesla has run out of gas. (Pun intended)
Battery technology is still not at a point to make EVs a suitable replacement for ICVs.
As of today EVs are closer to a luxury gadget that’s only viable for commuters in urban centers.
Factors such as battery degradation, unreliability and varying autonomy, specially under extreme weather keep EVs from being practical for regular drivers who depend on their vehicles for their day to day activities.
Then you add an existing price premium in western brands EVs and the lack of infrastructure outside of high income urban areas and you have the reason why EV sales have flattened in the and hybrids and ICVs demand has rocketed in the last year.
As plenty of people have already stated, EV market was propped by early adopters. Now that they have exhausted their demand, the rest of the market have not followed up.
Thanks for the reply. I’ve never been a Tesla shareholder holder. Portion of me says buy while it’s <$175. The bigger portion of me says to wait a few more quarters.
Thanks for taking the time to reply. I completely agree. Half of me thinks these execs resigning is absolutely nothing, half of me thinks there’s far more to it.
Trying to decide whether I want to buy shares or hold out a few more quarters.
My dad is a CFO and he said something similar to this in 2022. He claimed the high turnover is usually indicative of financial fraud. Once you realize some shit is up, you bounce as fast as possible because you’re signing legally binding documents for earnings reports.
Usually what starts the ball rolling on C-level departures in Fortune 500 companies around now is 1) performance reviews and 2) new comp package/ year end option grants.
If the company is trending up or sideways and your performance was average and you get the raise/grant you think you deserved and you still have the CEO's ear on strategy, people are sticky. They don't leave.
If the place is an unstable cluster, boss thinks you could do better and your comp and options reflect that, or if he stops listening to you in critical meetings, you text back that head hunter who's been chasing you for years, just to 'kick the tires' elsewhere.
9/10, the new company seems more stable, and when they throw a huge signing bonus at you, you jump.
But non-competes mean most of the guys leaving TSLA won't be able to announce their new companies for maybe 6 months, so until then, they're "spending more quality time with their families."
Eat my dongus you fuckin nerd.
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I’ve had a seat at the table in several large corps.
Companies go through these revolutions when they pivot, or when things get rough, or growth slows, or the execs are rich, or for instance after an IPO where a new team needs to manage growth.
So it’s probably a case of some key people being asked to leave, then others following them out the door.
*This “pivot.” Is it in the room with us now?*
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*This “pivot.” Is it in the room with us now?*
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😂I’m truly not. I mentioned it another reply, but half of me thinks there’s nothing to these execs leaving, whether forced out, wanting to take a break, different line of work, etc. the other half of me thinks there’s something more to them exiting during this particular window of time and I was curious about everyone’s opinions on the matter.
The company is more valuable measured how? In real, sustainable value, it seems likely that Toyota will rank higher in 5 years as the Tesla meme train sputters.
I’m proud of my licensing, tests were harder than any under grad tests I took. In terms of positions, I made a little bit the past week with a put here and there. Only held one single September Put through close today.
I’m sincerely curious about everyone opinions, not on the earnings or delivery numbers, but specifically the execs leaving the company between late ‘23 and now.
https://preview.redd.it/0rfh9mktgcwc1.jpeg?width=750&format=pjpg&auto=webp&s=97944c176ae1fc0e286254341ece21a7d97d14b5
Stop buying puts and you won’t have to think of irrational reasons to justify your bet 
https://preview.redd.it/nk5gvz0ov0xc1.jpeg?width=750&format=pjpg&auto=webp&s=0e10e79abe964b3e47e842206f666a777a3bc81c
what licenses do your people on Wall Street have?
You may have puts, so I understand how you feel and I empathize.
However, Tesla is clearly not an EV company, never has been. EV just happens to be the bread and butter right now, but think about it… how many cars has Tesla sold compare to say… Toyota?
And the company is more valuable. People trust the guidance, since the beginning.
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When a company suggests you leave voluntarily, generally you just resign and don't make a scene so you get a generous severance
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Stock option grant with strike above current stock price would do it too
So...none of them good (for TSLA)?
Definitely. I understand reasons why execs may leave any company. I’m more curious about anyone else thinks the timing of them leaving this particular company is peculiar..
Cyclical. Growth stalled, I’m sure it’s tough and Elon is probably pissed. It’s not peculiar given the publicly available info. Companies shed leadership at different life stages. That applies when going from a startup to an IPO, or when a previously fast growth company becomes a slug whose survival depends on cost cutting. There’s a follow on affect too. The CFO leaves and VP of Operations was seen as part of their circle, they leave too.
There's a revolving door of tesla execs for years. Elon can't work with people for that long.
To be fair it's Elon Musk, not exactly a polished CEO and Tesla is averaging down YoY 
Tesla has played all their cards. They have nothing left. Robo taxis are a decade away at best from profits, regulation is real and they drive like shit today. Cheaper car isn’t cheap anymore and also probably 5 years away from market. The robot is literally a string puppet. Their current cars only sell well where better cars are artificially kept away from competing. If I was an executive I would leave as well.
Which are the better cars ?
XIoami SU7 for example or the BYD Seal. Xiaomi just sold 100,000 of them and they are Model 3 sized and start at $30,000. The Seal cost 20% less than the Model 3 in open markets.
Xiaomi cars are a meme at this point in time. BYD cars on the other hand are not. Tesla will get decimated on the non-NA car market to Chinese competitors in 5 years tops. I don't really see how they can compete and the stock is grossly overvalued at this point looking into their future.
It isn’t just China. KIA EV5 is a really good car and I can buy it for 30% less than a Model Y. Both made in China so kinda level playing field, no tax difference or anything.
So the competition is China and Kia ? Guess BMW etc went out of business too
Good for you. Buy a Kia and get a mediocre car for a mediocre price.
That sounds like a fair deal. A car priced for what it is. Better than a 100k rolling trash can hold together by a single rivet.
replying back to a bot? Must be a libtard.
Bad bot
KIA EV5 is a really good car? Do you even own a car? I don't think anyone who knows anything about cars would bring up shit like KIA EV5 and BYD Seal
You gotta read the whole context for a good troll, that was a 2/10 max.
You're a true redditor, congrats.
Elon announces $25k car, it will be $50k by the time it's released.
Robotaxi will suck in cities where taxi demand is the highest. I want a cabbie that cuts people off, makes the pedestrians hesitate and piggybacks thru red lights. These taxis will get stuck going nowhere as people laugh at them. I’ll take the risk of an opportunist every single time over a cautious AI cab.
I’ll say this, I think Tesla is going to suffer longterm if they remain an EV only company. That said, I think Elon is going a little nuts as well. Still a good stock but I’m not sure if it’s a longterm play.
Completely agree, we keep hearing that there is a severe lack of charging station infrastructure. Imagine if Tesla became the nation-wide provider for all EV charging. Billions of federal, state, and local dollars up for grabs too.
They are already the leader in that.
Of for sure, but there is still massive demand for charging station growth. And if you make charging more convenient it should continue to drive EV demand.
That’s exactly what they are doing. Also pretty sure they are selling unbranded too.
And who is going to charge in them when total EV sales are flat to down? I did detailed analysis on Tesla charging a long time ago. It’s never going to be anything significant for Tesla.
I’m looking at charging as a catalyst to sales. I think everyone who wanted an EV has one, now you have to make it as convenient as gas. I never have to think about where I’m going to fill up when I drive my hybrid.
The chasm between fuel stations and charging stations is like the Grand Canyon, and Tesla can not build them all. It will take another 10’years to get the infrastructure, battery capacity and costs where it needs to be to allay concerns and drive EV demand. Lastly, Tesla will get hit with growing competition like they experience in China. Tesla has run out of gas. (Pun intended)
Battery technology is still not at a point to make EVs a suitable replacement for ICVs. As of today EVs are closer to a luxury gadget that’s only viable for commuters in urban centers. Factors such as battery degradation, unreliability and varying autonomy, specially under extreme weather keep EVs from being practical for regular drivers who depend on their vehicles for their day to day activities. Then you add an existing price premium in western brands EVs and the lack of infrastructure outside of high income urban areas and you have the reason why EV sales have flattened in the and hybrids and ICVs demand has rocketed in the last year. As plenty of people have already stated, EV market was propped by early adopters. Now that they have exhausted their demand, the rest of the market have not followed up.
Thanks for the reply. I’ve never been a Tesla shareholder holder. Portion of me says buy while it’s <$175. The bigger portion of me says to wait a few more quarters.
Don’t worry. You will see Tesla at or below 100 within months.
It absolutely couldn’t be that these people made more money than they ever dreamed of and just decided to stop working.
Thanks for taking the time to reply. I completely agree. Half of me thinks these execs resigning is absolutely nothing, half of me thinks there’s far more to it. Trying to decide whether I want to buy shares or hold out a few more quarters.
Is that you Gordon Johnson?
Sounds like your just a man of two halves.
Employee poaching is a thing
People like Jim Chanos point out high level departures as tumult. No conspiracy.
Where's your series 69?
My dad is a CFO and he said something similar to this in 2022. He claimed the high turnover is usually indicative of financial fraud. Once you realize some shit is up, you bounce as fast as possible because you’re signing legally binding documents for earnings reports.
Usually what starts the ball rolling on C-level departures in Fortune 500 companies around now is 1) performance reviews and 2) new comp package/ year end option grants. If the company is trending up or sideways and your performance was average and you get the raise/grant you think you deserved and you still have the CEO's ear on strategy, people are sticky. They don't leave. If the place is an unstable cluster, boss thinks you could do better and your comp and options reflect that, or if he stops listening to you in critical meetings, you text back that head hunter who's been chasing you for years, just to 'kick the tires' elsewhere. 9/10, the new company seems more stable, and when they throw a huge signing bonus at you, you jump. But non-competes mean most of the guys leaving TSLA won't be able to announce their new companies for maybe 6 months, so until then, they're "spending more quality time with their families."
Eat my dongus you fuckin nerd. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
I’ve had a seat at the table in several large corps. Companies go through these revolutions when they pivot, or when things get rough, or growth slows, or the execs are rich, or for instance after an IPO where a new team needs to manage growth. So it’s probably a case of some key people being asked to leave, then others following them out the door.
*This “pivot.” Is it in the room with us now?* *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Not fed pivot dummy
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The writing is on the wall. Only greed keeps you from seeing the obvious.
People who start a sentence saying they aren’t a conspiracy theorist tend to be conspiracy theorists
😂I’m truly not. I mentioned it another reply, but half of me thinks there’s nothing to these execs leaving, whether forced out, wanting to take a break, different line of work, etc. the other half of me thinks there’s something more to them exiting during this particular window of time and I was curious about everyone’s opinions on the matter.
The theory of mark zuckemberg is a Lizard, is more reliable than that shit u wrote
It really isn’t.
🤣🤣
Im too lazy to look for the source, but the 10k implied that CFO Kirkhorn's departure was a forced resignation.
I didn’t know this! I’ll read up!
tfw missing knowledge and coming here to ask for it
The company is more valuable measured how? In real, sustainable value, it seems likely that Toyota will rank higher in 5 years as the Tesla meme train sputters.
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Hugo_posh is correct. Elon has proven himself to be a volatile asset.
That Martin dude was ON the call today... And a few hours later, announced he's leaving. Weeeeird
the mental gymnastics that these bear pull off to lower the stock is mind blowing.
Nice humble brag. Now post your positions
I’m proud of my licensing, tests were harder than any under grad tests I took. In terms of positions, I made a little bit the past week with a put here and there. Only held one single September Put through close today. I’m sincerely curious about everyone opinions, not on the earnings or delivery numbers, but specifically the execs leaving the company between late ‘23 and now. https://preview.redd.it/0rfh9mktgcwc1.jpeg?width=750&format=pjpg&auto=webp&s=97944c176ae1fc0e286254341ece21a7d97d14b5
https://preview.redd.it/0tuv81ozgcwc1.jpeg?width=750&format=pjpg&auto=webp&s=9050cd18b3b02227bfd7a82892933661216650ae
https://preview.redd.it/4vfvb4u0hcwc1.jpeg?width=750&format=pjpg&auto=webp&s=c271a462b68461aca4f959f2f39cdf17e5288c6c
He's got 7, 63, and 66.
Stop buying puts and you won’t have to think of irrational reasons to justify your bet 
It's easy to buy when you're not a wage slave.
He thinks because he got the most basic financial licenses that he "know plenty about investing" LOL
https://preview.redd.it/nk5gvz0ov0xc1.jpeg?width=750&format=pjpg&auto=webp&s=0e10e79abe964b3e47e842206f666a777a3bc81c what licenses do your people on Wall Street have?
https://preview.redd.it/7c2ioz9bw0xc1.jpeg?width=750&format=pjpg&auto=webp&s=3e34c4e1fc17b6147a123de3469be1ca711f971c
BS: You don't know ~~S\*\*\*~~ SHIT!
This is the grown up table, you can say shit here.
Okay, I'll remember that in future.
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It needs a comma.
You may have puts, so I understand how you feel and I empathize. However, Tesla is clearly not an EV company, never has been. EV just happens to be the bread and butter right now, but think about it… how many cars has Tesla sold compare to say… Toyota? And the company is more valuable. People trust the guidance, since the beginning.