Author Topic: Is Tesla a good investment?  (Read 384000 times)

achvfi

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Re: Is Tesla a good investment?
« Reply #2350 on: April 18, 2024, 09:56:41 AM »
I think it has been a toxic place for a while now. Layoffs will make morale worse.

I was interviewed for a role at Tesla a while back. Person interviewing me was doing similar as what I do but at Tesla and wanted to hire someone to help him. The guy was asking me how my work is done in a large organization like where I was at. I explained to him and mentioned we have a team employees working together to accomplish our work. He was clearly frustrated to hear that. It seemed to me he alone was to do entire teams worth of work, seemed overworked and exploited at Tesla..

I don't do very well with toxic bosses or environments. I knew right away that role was not for me
I recommend the Elon biography by Isaacson. It's a good read. Musk is incredibly demanding, impulsive, unpredictable and unfair. A flawed genius, no doubt.

Working at Tesla doesn't sound all that far off from my own experience when I first came to the USA. It was great for a young, single, hungry engineer, willing to put work first and go where they sent me at a moment's notice. Tesla could be like that, only with far better tech. It would be great experience. Yes, you might get fired so save like a fiend, which won't be too difficult because you'll have no time to spend money anyway.

I wouldn't do it now. I would advise my kid to try it, or Space X preferably.
Seems like the people willing to sacrifice years of their early lives on the alter of work might be better off as entrepreneurs.

The people getting shitcanned at Tesla are left with nothing. The people keeping their jobs - also get no significant equity in a business. Entrepreneurs at least have a chance of owning a growing business, and the ones who fail are often no worse off than the laid-off employee workaholics.
I can relate to that as well. I am still young I think. But used to be younger, single, hungry. Eager to take on every challenge and work 24/7. It was fun and exhilarating for a while, no question..

But it was also stupid and was a trap in retrospect. Especially more so when you are at unfair and toxic place.

Also it doesn't do organization any good either. When you are not resourced properly you are also setting up your service to fail within the organization.

mistymoney

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Re: Is Tesla a good investment?
« Reply #2351 on: April 18, 2024, 01:28:00 PM »
I think it has been a toxic place for a while now. Layoffs will make morale worse.

I was interviewed for a role at Tesla a while back. Person interviewing me was doing similar as what I do but at Tesla and wanted to hire someone to help him. The guy was asking me how my work is done in a large organization like where I was at. I explained to him and mentioned we have a team employees working together to accomplish our work. He was clearly frustrated to hear that. It seemed to me he alone was to do entire teams worth of work, seemed overworked and exploited at Tesla..

I don't do very well with toxic bosses or environments. I knew right away that role was not for me
I recommend the Elon biography by Isaacson. It's a good read. Musk is incredibly demanding, impulsive, unpredictable and unfair. A flawed genius, no doubt.

Working at Tesla doesn't sound all that far off from my own experience when I first came to the USA. It was great for a young, single, hungry engineer, willing to put work first and go where they sent me at a moment's notice. Tesla could be like that, only with far better tech. It would be great experience. Yes, you might get fired so save like a fiend, which won't be too difficult because you'll have no time to spend money anyway.

I wouldn't do it now. I would advise my kid to try it, or Space X preferably.
Seems like the people willing to sacrifice years of their early lives on the alter of work might be better off as entrepreneurs.

The people getting shitcanned at Tesla are left with nothing. The people keeping their jobs - also get no significant equity in a business. Entrepreneurs at least have a chance of owning a growing business, and the ones who fail are often no worse off than the laid-off employee workaholics.

my first post-masters job was similar in expectation - but data analysis not tech. gruelling hours around quarterly reports for clients and not great pay. Young workforce that was really trying to get experience and start a career. A lot of really great people it was great to work with. Management not so much! Looking back definitely feel they took advantage of us!

But I don't think you are seeing this clearly. What exactly would people be entrpreneurs of? For a tesla engineer - Evs are out I think as too big to take on. Small ideas? apps? household robotics? what would they do?

A failed business usually leaves you in the hole after scrapping by for months if not years to try to build the business. I would think a laid off tesla engineer was getting at least a decent regular paycheck even if underpaid, benefits, 401k match etc. company stock?

Someone with a failed business was likely not saving, matching retirement, etc. People I know who had a failed business were usually left thousands in debt from trying to make it work rather than someone laid off suddenly who is going to get vacation days paid out (no severance?), transfer their 401k into a rollover, and if they have a chunky EF fund that was on them to save for. Some one who's business trully bottomed is in a not very good spot.