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For what its worth I had to listen to a complete tool at work talk about how he wants to buy a TESLA if he could have his dream car. Based on that alone I'd say the company was doomed even without all the other negatives the company has going for it.
But if a company can attach itself to the government and get tax incentives and let buyers get rebates and reduced prices it can keep going. But it'll only be a matter of time before the owner cashes out and the company folds.
Teslas are built in the same factory that cars from GM and Toyota were built. They were represented by the UAW then. Now, only their performance and skills will get them ahead. If they have a bad attitude or do shoddy work, they lose their jobs, like most Americans. They will also not have the "cradle to grave" stifling contracts that no company should have to endure. Detroit is living proof of this!
Unions were necessary 150 years ago, but now unions are more corrupt than the businesses they were formed to fight were/are.
Tell that to German automakers they are all Union workers that make more than a UAW worker but I don’t hear anyone complain about their union witch is called IG Metal. So you drive a union made VW or a Union made BMW without complaining that they are union made, no just the UAW.
It might be worth it if you are an engineer or a manager, but not for the average factory worker.
Assembly plants don’t work on a 9 to 5 shift more like 6am to 2:30 pm when I worked on the line at Chrysler I started at 4:15 pm to 12:30 am but most of the time we worked 10 hour shifts, so worked till 2:30 am, and you had no choice the assembly line stops for no one. The plant. I worked at had 2 shifts for production then 3rd shift for maintenance,these were skilled tradesmen like electricians, pipe fitters, millwrights and janitors maintaining the line and machinery used in the assembly process and cleaning the plant getting ready for 1st shift.
It is so interesting how many people are against unions, but if you look back* all of the places that we now call flyover country and the rust belt, had lots of well-paying union jobs that paid enough to allow your average Joe wages to support their families and provide them a decent life.
Now those jobs are gone, those communities are struggling, those areas are turning to opioids and we have a lost generation of underemployed people. That corresponds neatly with the decline of unions.
It might be worth it if you are an engineer or a manager, but not for the average factory worker.
A company with a high engineering turnover is one who is essentially a new company forever. Any “lessons learned” tends to get forgotten about and rediscovered every few years. With that high engineering turnover goes their product knowledge to a competitor.
For which unions are also directly to blame.
I still have a copy floating around somewhere of my grandfather's pocket union rules, and they are explicitly racist, forbidding anything which might steer economic activity to blacks.
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I think the startup vs 9-5 culture issue is very real.
Silicon Valley famously operates in an "only losers care about work/life balance" paradigm. But that paradigm only works so long as one is willing to remain either childless or an abseentee parent, given the cost of living in the area.
At some point Tesla is going to have to
1) Figure out how to produce a vehicle the actual middle class which cares about economy can afford - the upper middle class will buy luxury cars instead.
2) Figure out how to change its corporate culture without losing innovation and productivity.
These are very big lifts.
" For a man who is used to acting in one way never changes; he must come to ruin when the times, in changing, no longer are in harmony with his ways."
It is so interesting how many people are against unions, but if you look back* all of the places that we now call flyover country and the rust belt, had lots of well-paying union jobs that paid enough to allow your average Joe wages to support their families and provide them a decent life.
Now those jobs are gone, those communities are struggling, those areas are turning to opioids and we have a lost generation of underemployed people. That corresponds neatly with the decline of unions.
Things that make you go hmmm.....
*ok this is for white people only
And the unions had a part in why those jobs left the borders of the US.
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