Tesla Global News #11
Tesla Surges Post-Trump Victory: Market Reacts to Expected Policy Shift
What a week it has been for Tesla shareholders! The stock of the electric vehicle giant has been on an electrifying run since Donald Trump secured his position as the 47th President of the United States. Here's how the market has responded:
Tesla's Market Takeoff:
Stock Performance: As of Monday's pre-market, TSLA wasn't just taking small steps; it leaped with a 6.37% increase to $341.68 per share.
Market Cap Milestone: Tesla's valuation has once again soared past the $1 trillion mark, a testament to the market's high voltage enthusiasm.
A Painful Short Circuit for Bears:
Short Sellers' Losses: The surge meant a costly ride for those betting against Tesla. Reports from Barron's indicate a colossal $6 billion loss for short sellers since the election.
Before the Ballot Buzz:
Quarterly Earnings: Tesla's Q3 results had already sent shockwaves through the investment world, surpassing expectations and causing a significant short squeeze even before election day.
Analyst's Bright Forecast:
Price Target Hike: Wedbush analyst Dan Ives has upped his TSLA price target from an optimistic $300 to a supercharged $400 per share, endorsing a 'Buy' rating. He attributes this to anticipated policy changes under Trump.
Policy Predictions:
Autonomous Acceleration: Ives and others foresee a reduction in the "regulatory spiderweb" for Tesla's autonomous driving initiatives, potentially speeding up development and deployment.
Trade Winds: With Trump's history of protectionist policies, Tesla might find itself shielded from international competition, especially from China.
What This Means for You: While the immediate market euphoria is palpable, remember, the road ahead could have its bumps. Tesla's stock has often been described as a roller coaster, and while policy shifts might lubricate some of those turns, the company's performance, competition, and broader market conditions will ultimately dictate the long-term journey.
Invest Wisely: Keep your eyes on the horizon. While Tesla's current trajectory looks promising, ensure your investment strategy aligns with your risk tolerance, especially in a politically charged market climate.
When referring to Investment, past performance is no indicator of future performance. Invest at your own risk.
Tesla's HR Expansion: Hiring in California and Texas
Tesla Inc., the electric vehicle and clean energy company, has been making headlines not just for its innovative products but also for its aggressive hiring strategy across the United States, particularly in California and Texas. Here’s what you need to know about Tesla's current HR initiatives in these key states:
California: The Heart of Innovation
Job Opportunities: Tesla continues to be a significant employer in California with hundreds of job listings across various roles. From manufacturing positions at the Fremont Factory to high-tech jobs in Palo Alto, Tesla is actively seeking talent. Key roles include:
Manufacturing Technicians: With comprehensive benefits starting from day one, Tesla is looking for individuals who can handle the rigors of automotive assembly with precision.
Software Engineers: Tesla's commitment to advancing its vehicle technology, particularly in autonomous driving, means they are on the lookout for software talent to join their Maps, Routing, and Guidance Automation Engineering team.
Service and Quality Roles: Technicians, Quality Assurance Analysts, and Service Managers are crucial for maintaining Tesla's reputation for quality and customer service.
Benefits and Culture: Tesla offers competitive pay along with robust health plans, family-building support, and more, reflecting a commitment to employee welfare. The company culture emphasizes innovation, sustainability, and a fast-paced environment where employees are expected to exceed their own expectations.
Texas: The New Frontier
Gigafactory Growth: In Austin, Tesla's new Gigafactory is not only producing vehicles but also creating jobs. The company has been expanding its workforce here, with roles ranging from:
Production Associates: Essential for the assembly lines, these roles are foundational to Tesla's manufacturing prowess.
Quality and Compliance: Ensuring the high standards of Tesla’s vehicles, these positions focus on maintaining supplier quality and compliance.
Diverse Job Roles: Beyond production, Tesla in Texas is hiring for:
Vehicle Operators for Autopilot testing, showcasing the company's focus on enhancing its self-driving technology.
Recruitment and HR Roles: Tesla is also looking for HR professionals to manage this growth, including positions like Sr. HR Partner, which indicates Tesla's commitment to fostering a strong internal culture even as they expand.
Recruitment Process Insights
Tesla START Program: For those interested in technical roles, particularly in vehicle servicing, Tesla offers the START program. This 12-week paid training initiative prepares candidates to become Certified Electric Vehicle Technicians (CEVT), with commitments to work at Tesla service centers for at least two years post-training.
Hiring Process: Applicants should be prepared for a multi-stage process which includes:
Application Review and Phone Screening with HR.
Technical Interviews with senior team members for engineering and technical roles.
On-site Interviews or assessments which might involve presenting to a panel or participating in group activities.
Cultural Fit: Tesla looks for individuals who align with their mission of accelerating the world's transition to sustainable energy, valuing adaptability, innovation, and a strong work ethic.
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