{"id":126534,"date":"2024-11-16T14:27:02","date_gmt":"2024-11-16T07:27:02","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=126534"},"modified":"2024-11-16T14:27:02","modified_gmt":"2024-11-16T07:27:02","slug":"how-elon-musk-cuts-costs-at-tesla-spacex-and-x","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=126534","title":{"rendered":"How Elon Musk Cuts Costs at Tesla, SpaceX and X"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">On a Saturday morning in December 2022, Elon Musk summoned finance executives at Twitter, which <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2022\/10\/27\/technology\/elon-musk-twitter-deal-complete.html\" title=\"\">he had bought<\/a> six weeks earlier, to a conference call. Then he drilled into a spreadsheet that contained the social media company\u2019s expenditures.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Musk was angry, three people who were on the call said. Even though Twitter had just shed more than three-quarters of its employees \u2014 leaving it with just over 1,500 workers, down from nearly 8,000 \u2014 the company\u2019s spending still appeared to be out of control, the billionaire told attendees.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Over the next six hours, Mr. Musk read out the spreadsheet line by line and asked workers to account for each item. He ordered some items \u2014 such as car services for executives \u2014 to be cut completely. At one point, he confronted an employee who was responsible for a multimillion-dollar contract related to website security and said his electric vehicle company, Tesla, spent far less on the same task. After the employee pushed back, Mr. Musk said she was no longer with Twitter.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The meeting was characteristic of the approach that Mr. Musk has taken to cutting costs. Frugal to a fault, the 53-year-old has been intimately involved in hacking down budgets at his companies, including Tesla, SpaceX and Twitter, which he renamed X. Over nearly three decades as a tech entrepreneur, he has honed his penny-pinching by digging into minutiae and cutting as deeply as possible \u2014 often preferring to cut too much rather than too little, according to 17 current and former employees and others with knowledge of Mr. Musk\u2019s strategies.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Perhaps most importantly, Mr. Musk has been brutally unsentimental about the cuts, paying little regard to norms and conventions. The tech mogul has been unabashed about slashing costs to the point that corporate processes \u2014 and sometimes even product safety \u2014 break down, philosophizing that he can just fix things later, the people said. And he has been unafraid to offend, <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2022\/12\/29\/technology\/twitter-elon-musk.html\" title=\"\">stiffing vendors<\/a> to negotiate better prices and sidestepping traditional suppliers to manufacture cheaper parts from scratch.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cHe used to be a deity,\u201d said Jim Cantrell, SpaceX\u2019s first vice president of business development. \u201cBut you know he\u2019s just a business guy. 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Then he drilled into a &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=126534\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8629],"tags":[],"class_list":["post-126534","post","type-post","status-publish","format-standard","hentry","category-u-s","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/126534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126534"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/126534\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}