Tesla to rehire some of its laid-off Supercharger team: BBG

Tesla (TSLA) appears to be backtracking on its recent workforce reduction strategy, as Bloomberg reported the electric vehicle giant is rehiring some of its Supercharger team. This move comes just a month after CEO Elon Musk laid off nearly all of its employees on the Supercharger network team.

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This post was written by Angel Smith

Video transcript

All right, let's talk about another turning ticker here on Yahoo Finance.

And that is Tesla, reportedly starting to bring back some of the employees that they let go not too long ago.

And now remember, this is the group that EO Elon Musk laid off part of the supercharger unit.

That was just last month.

This is according to a report here from Bloomberg.

Now, among those being rehired is Tesla's director of charging for North America.

And this comes on the heels of what seems to be a massive reversal here under Musk, initially making headlines last week just about the plans to pretty much dismantle the entire group.

Now it looks like he is bringing some of those key former employees back.

We talked to I. I spoke to the CEO of Blink, charging on the show yesterday and was asking him what exactly this means for his business, whether or not he would potentially be interested in some of these Tesla employees that had been let go.

And he essentially said yes, right?

It could be very.

It could be very beneficial for his business, given their experience, given their knowledge within Tesla.

So I think as you see this quick reaction from others within the industry looking to capitalise on what Tesla had seemingly left behind, at least for a couple of days.

But again, this reversal under must I mean, you can go so many ways with this conversation.

One if you want to focus on the super charging business itself and that industry.

But two, I think.

And maybe the more interesting part of this conversation.

It's just a dysfunction that seems to be playing out right now inside Tesla and exactly what that culture is, and maybe potentially a toxic culture, as some former employees are calling it right now.

I mean, many employees have come out in the past, whether it be the toxic workplace environment, whether it be allegations of discrimination within the workplace.

I mean, you just continue to file this under file this away under what the heck is happening at Tesla as of right now, and it really comes back to what the leadership team is doing to actually push back on Elon Musk and if they feel like they actually have enough weight when they're lending their own opinion or their own mindset towards what management is looking like what it's doing on the delivery of so many of the vehicles that this company has promised and now lagging some of the expectations once they put it into the market Looking at you cyber truck.

Also, you think about the ultimate investigations that are still taking place and on going into full self drive.

A major marketing point for Tesla.

That's still a large question mark.

And then it comes down to the culture that you mentioned in Dove into a moment ago.

This company has had question marks around its culture swirling around it for the better part of the last 78 years.

Let's just sum it up as that.

And so all these things considered it can be a hit on talent acquisition in the future.

If you have people highly skilled, very smart people who don't want to go work for Tesla or Elon Musk.

What does that do for the profile and for the valuation in terms of factoring in any type of growth prospect for this company to eventually get to the same type of production standards sentiment standard as some of the large behemoths within this, um um motor vehicle landscape that yes, have pulled back on some of their own ambitions for electric vehicles in this near term, given some of the waning demand but still have far more expertise in operating and making sure that they can scale up when the time is necessary.