Author: Zhuang trip
Leading: 2016 is a key year for Tesla, Model 3 is even the first word project that Musk can only fail to succeed, but the heavy work has pulled the company’s bowstring into the tightest state, more than 20 high. The management also left.
Lei Feng Network (public number: Lei Feng network) press: In the busy preparations for the release of Model 3, Tesla's key figures have chosen to leave, let the outside world can not help but worry about Elon Musk.
When Tesla announced the 2016 financial report not long ago, Tesla’s chief financial officer, Jason Wheeler, left the company. However, he has only been skipping from Google for just 15 months. It is worth noting that the departure of Wheeler is just a microcosm of Tesla executives' exodus.
There are many speculations about the reasons for the departure of senior executives, such as the high-intensity work of the Model 3 before the mass production, the slow progress of tasks, and the intense culture under the Musk's high pressure.
"Tesla looks like a broken company, the pressure brought by the Model 3 mass production spread to every corner of the company." Said Dave Sullivan, an analyst at market research firm AutoPacific.
In an e-mail, a Tesla spokesperson stated that attracting and retaining talent is "one of our most important assets." The company's employee turnover rate is lower than the average of technology companies.
In fact, for Silicon Valley Technology Corporation, long-term overtime and job-hopping are commonplace, and Tesla’s recruitment has never stopped. Even so, analysts still think that the short-term exodus of senior executives is Tesla's time bomb.
According to Lei Fengnet's understanding, last year, Musk had a lot of big moves: not only the Model 3 was launched, but also the battery production of the super factory began. In addition, they also returned SolarCity to the company. As a result, Tesla employees. The number of people exceeded the 30,000 mark.
Like many companies, Tesla has listed attracting and retaining skilled workers as one of the major risks in its newly released earnings report. But this year, there is one more risk list: companies need to “support their own expansion plans and Make efforts to increase vehicle production capacity.
Risk factors
"Whenever we want to successfully complete a change, we must have a stable management team." UBS analyst Colin Langan said in an interview. "Jason Wheeler was high hopes at the time, but now he stunned to leave. In addition to him, Tesla also took more than 20 executives. If the company's plans make employees feel powerless, the trouble will surely follow. ."
Wheeler also explained the reasons for his departure. He said he hopes to work in the field of public policy and praised Tesla's "top-ranking team." The successor to Wheeler is Tesla's former CFO, Deepak Ahuja, who previously led Tesla from going bankrupt to the market in 2010.
Bloomberg specifically conducted an inventory of Tesla’s retiring executives last year and found that people in finance, public relations, compliance, manufacturing, manufacturing, products, and planning jobs were all gone. Tesla lost Mark Lipscomb, vice president of human resources, and Satish Jeyachandran, director of hardware engineering.
Leadership is opaque
Tesla is a "strange" company, because except for Musk and CTO JB Straubel, other executives' information never appears on the official website, investor relations webpage or annual report.
A company spokesperson stated that in Tesla’s management team, three-quarters of the company's management teams have served more than three years, 60% have exceeded six years, and 20% have been super veterans who have served for more than a decade. In addition, after Tesla’s birth 14 years ago, 60% of “primitive†executives remain in the company. However, none of the Tesla executives whom Bloomberg contacted were willing to prove the relevant information.
This week, Goldman Sachs lowered Tesla’s rating from “hold†to “sell,†because analyst David Tamberrino suspected that Tesla was simply unable to sell the Model 3 as planned. When Goldman Sachs reported, Tesla's share price fell 11%, and on February 14, Tesla's share price rushed to its highest point in the past 19 months. Among the 23 analysts that Bloomberg is concerned about, 8 people rated Tesla as “buyâ€, 9 as “hold†and 6 as “sellâ€.
In the past year, Tesla's stock price has risen about 28%. Last year, their revenues soared by 73%, exceeding US$7 billion.
Recently resigned employees
When Tesla hired Chris Lattner from Apple as Vice President of Autopilot in January this year, he actually had details that the outside world didn't understand. It was that Sterling Anderson who was responsible for the Autopilot project (can report directly to Musk) had left in December last year, and New self-driving company was established.
The story behind it was even more interesting. Tesla sued Anderson directly to the court, saying that he had breached the confidentiality agreement after leaving the company. However, Anderson did not show weakness, saying that he would actively respond to Tesla’s baseless allegations.
Many Tesla executives have switched to other auto companies, including Future Mobility, Nio and Waymo.
Although known for its fast pace, Tesla's vision (including clean energy and attractive products) still helped them attract many of the biggest names in the industry. Musk, 45, claims to be the “nanometer manager†and has his own sleeping bag at the company’s car factory. In addition, he runs the famous SpaceX. Behind such efforts, Musk held zero salary in Tesla.
Too many employees have become a burden
According to Lei Feng, as of the end of last year, the number of Tesla employees reached 17,800, while the newly acquired SolarCity had 12,200 employees. Although the "cake" is getting bigger and bigger, Tesla still released more than 2,000 jobs on the recruitment website last year.
Last year, Tesla produced 84,000 electric vehicles. By 2018, they plan to increase their production capacity to 500,000 vehicles. In 2020, this number will double. In addition, Tesla will open more super factories and launch products such as trucks and buses. Tesla also recently won the Consumer Report’s US Car of the Year title.
However, behind these achievements are the sweat of the workers. Fremont factory workers last month complained through the Society that Tesla had overtime and worked over 60-70 hours a week. In the face of this situation, Musk had to choose to increase the treatment of workers to calm down the situation.
AutoPacific's Sullivan said: "If Tesla hires more than 2,000 employees each year, does that mean people are already overwhelmed?"
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