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Tesla pledges to keep Ukrainian workers’ employment and salary if they serve in military
Tesla employees from Ukraine who have been asked to return to their country to fight in the ongoing war against Russia will keep their employment and be paid their salary for three months. Following the three months, Tesla would reassess the conflict in the region and their employees’ situation to decide what should be done next.
“For any Tesla employee who is a Ukrainian national and has been asked to return to Ukraine for active duty as a reservist, we will maintain their employment and salary for 3 months, with a view to assessing after this period as needed,” the email read.
The message was related in an email sent by Axel Tangen, Tesla’s director of Northern Europe. The message was sent on Monday to employees in the Europe, Middle East, and Africa region, 12 days into the Russian invasion of Ukraine.
Apart from assuring Tesla employees that they will be keeping their employment if they fight in the war, Tangen’s email also extended praise to Tesla workers who helped SpaceX set up Starlink terminals in the country. According to the email, Tesla’s Energy team assembled and provided Tesla Powerwalls to help run Starlink equipment in Ukraine.
Tesla’s Energy team used PV inverters given by the company’s certified installer network, pre-made DC cables given by a Supercharger Installation Partner, and AC cables made out of scrap from Giga Berlin to help set up Starlink stations in Ukraine. With a fleet of Powerwalls supporting the Starlink stations in the country, Ukraine would likely be able to maintain its connection to the internet even when power interruptions happen.
Following is Tangen’s email in full (as retrieved and shared by CNBC).
Date: March 7, 2022 [Time redacted]
Subject: Conflict Support
To: DL-EU-NO-All
From: Axel Tangen
Hi Team,
Sharing this message from Joe Ward and Mariam Khalifa:
As you know, Tesla is committed to do the right thing. Whilst the situation in Ukraine is evolving, we wanted to share with you what actions are being taken to support those impacted by the conflict.
Many folks have reached to understand how they can contribute, which is awesome. It’s important we show them how we as a company are helping, what resources we have in place, and how they can also proactively support themselves. Big thanks to all of the teams that have contributed to these efforts so far – true Tesla spirit on display.
*As a priority HR EMEA team members have been connecting with employees impacted as well as their managers to ensure we check in. We will continue to ensure we provide meaningful and targeted support for our employees.
For any Tesla employees who is a Ukrainian national and has been asked to return to Ukraine for active duty as a reservist, we will maintain their employment and salary for 3 months, with a view to assessing after this period as needed.
*Tesla has opened free Supercharging at stations bordering Ukraine to support those impacted by the recent invasion. Within hours of implementation, Tesla emailed local owners announcing that several Supercharger stations near Ukraine could be used by Tesla and non-Tesla electric vehicles, free of charge. Although Tesla does not officially operates within Ukraine, any of the country’s estimated 5,000 Tesla owners can access free Supercharging at select stations in Poland, Hungary Slovakia.
*Tesla teamed up with SpaceX to provide coverage expansion for its Starlink services to help provide an alternative internet infrastructure.
*Volunteers across the Giga Berlin and Germany Service team responded quickly on Sunday to test, configure, pack and ship several hundred Starlink units which have already been gratefully received by Ukraine’s Digital Transformation Minister. In true Tesla fashion, the solution has been put together in less than 3 days.
*On top of this the Energy team supplemented the Starlink roll out with a fleet Powerwalls. The system included PV inverters given by our Certified installer network, pre-made DC cables given by one of our Supercharger Installation Partners and AC cables made out out of scrap from Giga Berlin. All of it assembled by a team of (40+) volunteers from across the EMEA organization, committed to doing what they can to support.
*In addition, we have reinforced Tesla EMEA Employee Assistance Programme. The Programme offers counseling and numerous resources and support for employees.
Lastly, employees can of course support by making cash donations to reputable relief organizations responding in Ukraine, this is not an exhaustive list and you can of course make donation to an organisation of your choice.
UNCHR
UNICEF
Red Cross
World Food Program
World Health Organization
If you have any further thoughts or ideas with regards how we can be supporting our employees and those impacted by the crisis, please do not hesitate to connect with us.
The Teslarati team would appreciate hearing from you. If you have any tips, reach out to me at maria@teslarati.com or via Twitter @Writer_01001101.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
