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Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

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Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#101

Post by Fricken »

rcMgD2BwE72F wrote: post #45
cecja wrote: post #28

Earlier quoted context omitted.

Talk about gaslighting yourself. If you are not recoginizing that something fishy is going on at tesla you are not reading the same articles as the rest of us.

What's fishy? I've been following Tesla since 2010 and the main changes since then isn't what appears to be fishy but what the media are making of it. Do you realize that Tesla sold more cars in the US that Mercedes and BMW this summer? How many media reported that? Do you know that the most trusted car analysts who tear-down the car said it's expected to be the most profitable car produced in high volume? Do you kno…

"We think Tesla is worth zero" -Jim Chanos

You haven't been reading the same news I have. While there were plenty of red flags prior, Musk began digging Tesla's grave in earnest in fall 2016. He Started with the Alien Dreadnought, which was bonkers. He sold shareholders on buying Solar City using fake solar shingles which don't exist, that was $5b+ flushed down the toilet. Also he implemented HW2, which is thousands of dollars of hardware going into every new car regardless of whether customers pay for it. When Solar experts, finance people, Vehicle manufacturing experts and Autonomous vehicle experts get together and compare notes there's only one conclusion to arrive at: Tesla is fucked.

Alien Dreadnought, Solar City, HW2. I call it the ASH doctrine: Musk's 3 point plan to reduce Tesla to ashes. Post chapter 11 Tesla may have a life ahead of it, but it's been a slow motion trainwreck for years. The Shorts, the Media, the Koch brothers, they didn't destroy Tesla. Musk did. He's incompetent, and nuts. It's pretty obvious now, but if you were paying attention, it was obvious before too.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#102

Post by matwood »

leesec wrote: post #91
matwood wrote: post #46

Earlier quoted context omitted.

> I'm sure there are problems, but what feels like massive PR efforts by the "shorts" has effectively poisoned the well for negative news. What kind of PR effort do you need when every CFO you hire keeps leaving? Think about it. The person in the company who completely knows the financials stays for a month and bounces? Why? Could it be that the financials are so bad they are unfixable? Could it be that that person i…

Could it be it's a very intense place to work and people who get in that position decide they don't want to work the long hours when they could be making just as much money somewhere more cushy?

You're kidding right? Any CxO position at a publicly traded company is long hours with a lot of work and responsibility.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#103

Post by microtherion »

pjc50 wrote: post #29
chollida1 wrote: post #3

And their Chief People Officer, is not coming back from her leave. From the outside it looks like Telsa is about going to go into a tough winter like moment. They are almost losing by winning. They are at capacity in their Fremont factory but still not making a profit. They need to start designing and building out manufacturing facilities for their next car and the help bolster Model X manufacturing. Stop and think f…

> Tesla is one earthquake away from no longer being a company. So is most of Silicon Valley, which is actually in an earthquake zone that some believe is overdue an earthquake.

Most of Silicon Valley is not as highly indebted as Tesla. Apple, for instance, could literally afford to send all of its employees on vacation for 10 years while their headquarters is being rebuilt, without going into debt (Not that they would, of course).

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#104

Post by ben_w »

compcoffee wrote: post #78
this_user wrote: post #49

Earlier quoted context omitted.

> they have about a year of cash runway left( optimistically) Much less than that actually. At their current burn rate they won't even be making it to the end of this year without either selling enough M3 to generate some real cash, or by raising some new money from the market. Also, they have a lot of debt come due next year (and even more over the following years) while yields are up to over 8%. However, M3 product…

> However, M3 production numbers are actually looking good now, and they are hitting their targets for the first time. Really? Where can I read the official quarterly numbers? Of what quality are these cars? Do they all need to be reworked? > Musk has repeatedly stated that the company will not need to raise new money He said that prior to raising cash the last 3 times. He also said he was going to take the company p…

Given that he knows his memes, and that “420” is a weed meme, and given it was a ridiculously stupid thing for him to tweet, I’m of the opinion he was literally high when he said that.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#105

Post by leesec »

0vermorrow wrote: post #51
spiderfarmer wrote: post #12

Earlier quoted context omitted.

I don't think they should fire him, but he should most definately do the un-american thing: work a sane amount of hours and go on vacation every now and then.

I completely agree with this. I feel him taking some time off and easing off would benefit everybody. He is known for his super focused and driven way of work, and as he himself said: “If other people are putting in 40 hour workweeks and you’re putting in 100 hour workweeks, then even if you’re doing the same thing … you will achieve in four months what it takes them a year to achieve.” But he is only human, not a ro…

He's said repeatedly that people seem to assume it's an option that he work this much, but it is not at all because if he doesn't the company risks insolvency.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#106

Post by emptyfile »

sowbug wrote: post #92
emptyfile wrote: post #37

Earlier quoted context omitted.

Holy shit!!!?! Potential life threatening maneuvers on the road are a feature of the self-learning Autopilot system???? Because without it the car will just ram itself into a wall??? >With that said, if that causes concern for the driver, the vehicle isn't for them. What if it causes concern for the driver behind them, what then? My family will get a settlement after a Tesla kills me? How the fuck are these cars lega…

Being in a car is life-threatening.

Which is why there are so many laws and regulations surrounding them, the most basic of which is a technical inspection every few years.

If your brakes don't work your car is illegal on the road (at least here in Europe). But apparently if its a software bug in the brakes then its okay to drive it around...

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#107

Post by rcMgD2BwE72F »

api wrote: post #56
rcMgD2BwE72F wrote: post #31

Earlier quoted context omitted.

>After that he had a range of little annoying problems, many of which were likely software bugs, but then he (actually his GF) experienced something in autopilot mode known on the Tesla forums as "shadow braking" -- the car braking hard on the highway because it seems to see the shadow of an overpass and think it's a wall. This is extremely dangerous. It was on the I-405 (SoCal) going 70-80mph, and such a thing could…

It's been an overall bad experience. Here's a rough chronology: (1) Serious and clearly visible body panel alignment issues. They got fixed, but it took a while and Tesla didn't have a loaner car. There was also a scratch on the car when it was delivered. (2) Door handles not extending. This problem occurred multiple times. The first "fix" was to reboot the computer. (3) A whole host of software bugs including consta…

Given that Tesla owners are the most satisfied (cf. https://eu.usatoday.com/story/money/cars/2017/12/21/tesla-po...), that implies that the other owners are even more happy with their Tesla that I would have expected.

All surveys about panel gaps points to Tesla being above average (expect in the first few cars out of the line, which are generally owned by employees).

If your friends' Tesla has serious software bug, I'm curious to know his experience with other brands! Unless he can't stand a small bug in an optional, beta feature.

As for autopilot, he knows he can turn the autosteer off and still get the best ADAS available on the market?

>inability to lock the car (turned out this was a 'feature' but one with no documentation and no UI feedback), etc.

I don't own a Tesla and only test drive one and somehow I was aware of that. Looks like PEBCAK to me.

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#108

Post by rcMgD2BwE72F »

dgritsko wrote: post #73
maxxxxx wrote: post #62

I just watched a part of the Joe Rogan podcast with Musk and I have to say he looks very unhealthy. Maybe I am wrong but to me he looks like he is drinking a lot or on some other drugs. I can imagine working with a CEO who is pushing himself way other the limit is a pretty unpleasant experience.

Didn't he actually smoke weed live as part of that broadcast?

Is he human after all?

Re: Tesla Accounting Chief, HR Head Resign on the Same Day; Stock Plunges

#110

Post by Nokinside »

rcMgD2BwE72F wrote: post #45
cecja wrote: post #28

Earlier quoted context omitted.

Talk about gaslighting yourself. If you are not recoginizing that something fishy is going on at tesla you are not reading the same articles as the rest of us.

What's fishy? I've been following Tesla since 2010 and the main changes since then isn't what appears to be fishy but what the media are making of it. Do you realize that Tesla sold more cars in the US that Mercedes and BMW this summer? How many media reported that? Do you know that the most trusted car analysts who tear-down the car said it's expected to be the most profitable car produced in high volume? Do you kno…

>Tesla sold more cars in the US that Mercedes and BMW this summer? How many media reported that?

Please, that was one month of backlog deliveries (July, 16,000 deliveries) and only in the US. 16, Nobody expects that Tesla manufactures 16,000 Model 3's per month.

Meanwhile Mercedes sells 30,000 C-Class Saloon and Estate models per month globally. In the US Mercedes and BMW each keep delivering 12,000 or so vehicles per month in the same category as Tesla models are.

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