Thursday, June 20, 2024

"Tesla Resumes Hiring: AI And Robotics Engineers, Service Technician Jobs Open"

As mentioned in the intro to 2018's "Hedge Funds: 'The Tipping Point for Alternative Data'":

My introduction to the subject was when one of my mentors tasked me with counting tractor-trailers pulling up to the loading dock of a company he was considering buying.
After three days I asked if this was the highest use of my time and was "promoted" to scouring help-wanted ads to see who was growing enough to be hiring.
For our younger readers, help-wanted (or position available) ads were a type of classified advertising found in newspapers.
Newspapers were a medium of communication that....

From Inside EVs, June 12:

After a brief hiring freeze last month, hundreds of positions are now open in the U.S. 

When Tesla CEO Elon Musk sent an internal memo regarding laying off “more than 10%” of his employees, he wasn’t messing around. “There is nothing I hate more, but it must be done. This will enable us to be lean, innovative and hungry for the next growth cycle," Musk wrote in the email.

Shortly after the company announced dismissing some 20,000 employees worldwide, a hiring freeze went into effect. Tesla’s careers page which normally shows thousands of open positions went nearly blank, with just three training program listings.

As the Austin-headquartered company prepares for a future of robotaxis and artificial intelligence alongside its passenger vehicle business, hundreds of those jobs are open again. Service advisors and service technicians make up the majority of the open positions on Tesla’s careers page.

It’s also hiring chemical operators for its in-house lithium refinery located in the greater Corpus Christi area of Texas. A closer look at some of the battery jobs reveals that Tesla is pushing ahead with the development of cells. Several research and development positions are open across “cell materials engineering,” “abuse test and engineering” and “high-voltage abuse test” among other similar roles.....


We were going to do a separate post on the stock but we'll drop it in here and save some pixels:
Chartology: Tesla Looks Stuck, Scylla and Charybdis:

TSLA Tesla, Inc. daily Stock Chart

Until TSLA decisively breaks through the resistance line, roughly $190—195 the post from January 25 is still operative:
Tesla Roundup: Dead Money For, At Minimum, A Couple Quarters (TSLA)
In late pre-market action the stock is down $18.03 (-8.68%) at $189.80....
Currently changing hands at $184.86, down $2.58 (-1.38%)