1,600+ Job Openings At Tesla Motors

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Originally published on EV Obsession.

There are currently more than 1,600 job openings listed on Tesla’s website at the moment — including everything from job openings for radar engineers, to openings for service managers in Mexico City, to openings for autopilot software engineers.

What to make of that exactly? Well, that the company is continuing to grow rapidly — and is obviously still quite bullish on its future prospects. Or, perhaps, that CEO Elon Musk is still quite bullish on his vision of a mass-scale transition to electric vehicles.

Bloomberg

As often noted by those who remain on the bearish side of things with regard to Tesla’s prospects, the company isn’t actually cash-flow positive currently — largely owing to fast operational growth in recent years (as one can ascertain from the number of new positions currently open at the company). Musk has stated, though, that he intends for this to change next year.

Bloomberg Business provides more:

After losing $1.88 billion since 2007, Tesla is piling on the personnel as it offers more models, builds the world’s biggest battery factory and expands globally, including stores opening this week in Mexico City and Edinburgh. For the youngest publicly traded US automaker, it’s a race to grow without jeopardizing Chief Executive Officer Elon Musk’s push to turn cash-flow positive in next year’s first quarter.

Since the end of 2010, the year of its initial public offering, Tesla’s headcount has already grown 15-fold — comparable to the increase in its enterprise value — to more than 14,000. Five years ago, the Palo Alto, California-based company sold only one car, a limited edition Roadster, and only in the US. Now it sells two electric models on three continents and Tesla Energy, which offers stationary battery systems for home, business and utility use, is its own business unit.

[Editor’s Note: Tesla sells electric vehicles in North America, Europe, Asia, and Australia — that would be four continents by my count, but maybe they are grouping Asia and Australia.]

“During 2016 Tesla will face a balancing act of funding its rapid growth aspirations and showing the market its ability to deliver profits,” stated Ben Kallo, an analyst with Robert W Baird & Co. “Workforce expansion across all divisions is necessary” given all the tasks ahead in both the carmaking and battery businesses, he said.

Despite the seemingly large number of current job openings at Tesla, it should probably be noted here that the company has reportedly received around 1.5 million job applications over the past 14 months — according to the company’s vice president of human resources. So there’s clearly no lack of interest….

Image Credit: Bloomberg


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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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5 thoughts on “1,600+ Job Openings At Tesla Motors

  • My Dad keeps saying they can’t be successful because they don’t make a profit yet. I counter with Amazon as an example, he stammers and says it’s different somehow.

    Baby-boomers don’t seem to understand these new forms of business models. They’re stuck in the fossil fuel dividend payout model, that model is coming to an end.

    • I’m older than a boomer and I well know that one does not open a business and turn a sweet bottom line profit while plowing money into expansion.
      Try explaining it this way. Suppose you open a produce stand on the side of the road but only have enough money to buy one lug of tomatoes. You start selling those tomatoes for more than you paid for them.

      Now you take that money you’ve received and spend some of it buying more tomatoes to replace the ones you’ve sold. And you buy a lug of zucchini.
      You’ve now spent all the money you earned from selling your first lug of tomatoes and you’ve got no profit. But you’ve got a lug of tomatoes and a lug of the Big Z. You’ve plowed your profit back into your business.

      A failure? You’ve doubled your inventory.

      That’s what Tesla is doing. They’re making very good money off each car they manufacture and sell. Then they’re taking that money and spending it to build Supercharging stations, more assembly lines (including two factories in Holland) and an enormous battery plant. They’re building the whole danged grocery store.

  • Let’s see how many are hired. If the job description is 30 years designing radar systems, it may take a while to find someone.

    • That’s some weak tea….

  • Tesla Australia belongs to Tesla Asia based in Hong Kong. Geographically we are a continent, but in people terms we are just a medium sized country. Economically, there appears to be 8 continents – East Asia, South Asia, Middle East, Europe, North Africa, Sub-Saharan Africa, the NAFTA 3, rest of the americas.

    We should mark Tesla 2016 cashflow according to models S and and stationary battery operating profit. Investment in Gigafactory and Model 3 development should be separately accounted by the market. It’s possible 2016 cash outflow on these items may be less than net profit on the products in production. I think Tesla finances the lease of its vehicles where customers prefer to lease rather than buy – just like other car companies – this hurts early cashflow as well.
    .

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