111–120 of 307 posts
So the headline is that the CFO is resigning, yet there's a huge picture of the photogenic HR chief(?), who, as a side-story, is 'not returning'. I feel manipulated. Also that this publication should be doing a bit more investigation and a bit less pontificating.
Is it that easy?
A while ago I considered reserving a model 3, but I eventually decided against it. Feel like I dodged a bullet, there. There was a time where Tesla had a genuine advantage over the incumbents, but it never was enough of an advantage to overcome their lack of experience. That's only obvious in retrospect, I suppose.
Have you driven one?
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> 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.
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I don't think he's visionary. We all want to play with rockets and electric cars. He just happens to have enough money to go out and do it.
Then why is Musk (and Bezos with Blue Origin) the only ones who have done so? There are a lot of people who have more money than Musk had when he founded SpaceX and Tesla.
(And Musk did not really found Tesla.)
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> By then, the shorts (with billions in backing) will do all their best to give the company an extremely bad look. Please stop with this thought process. TSLA is doing a fine job all on its own making themselves look bad. On the business side, Musk has missed how many production estimates? There are also concerns about quality. On the personal side, he's still harping on this pedophile thing /facepalm. Then what look…
I don't think you realize how much FUD is disseminated daily in the mainstream media. Take this Reuters article for instance, which has been published and translated by dozens of top newspapers: https://www.reuters.com/article/us-tesla-germany-daimler/ele... 3rd paragraph: "The market for upscale electric cars is Tesla’s to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this yea…
FUD is what people do to Apple when they are making money hand over fist every quarter. TSLA is just a terribly run company that may end up out of business. Which is sad, because they have what appears to be a good product. Their production arrogance may not be able to be overcome though.
This is also standard Musk to blame short-sellers for TSLAs financial and production woes. Please tell me how short-sellers impact TSLA's production floor? The short-seller problem fixes itself if TSLA ever delivers.
>And Tesla plan to produce more than 300K Model 3 next year, not 100K.
I'll be amazed if they hit that number. They had to pull out all of the stops to hit the last one.
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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.
Not sure if that is better or worse for the CEO of a public company with a market cap well into the billions. Regardless it doesn’t inspire confidence in his leadership.
When I first heard that he did 100 hour weeks voluntarily, I was envious of his ability to put that many hours in. I’ve done that once and… vowed never again.
Now I am of the opinion that it broke him and he was unaware of it, and that all of his goals will be better met if he halves his work week.
I'm not losing optimism because of this. Musk fits right into the current political & cultural trajectory and the Tesla brand is sleek & timeless. The media is framing Musk's flaws (Twitter insults, weed & booze) as a bad thing, but outside of the media, people do not care about such things nearly as much. It just requires a few years of optimization and the cars are going to be en par with established brands.
It is also worth pointing out that Elon Musk's "other" public company, Paypal, today is valued over 2x Tesla's market capitalization ($105.7b vs $44.6b.) While what Paypal is now is far disconnected from Elon Musk today, that is a big win for creating an enterprise able of delivering incredible value over the long term for investors.
I don't have a problem with critical reporting on Tesla and Elon Musk from any media entity, backed by hedged funds otherwise. I do have a very, very big problem when they compare Elon Musk to someone like Elizabeth Holmes. (e.g. "The Age of Tech Superheroes Must End" WSJ https://www.wsj.com/articles/the-age-of-tech-superheroes-mus... )
My big concern is what happens if consumers do not want Tesla vehicles. The current problems are solvable. If Tesla vehicles become as desirable as a chunk of lead, then no amount of cash, engineering, or R&D will fix it.
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…
If they are at capacity, why don’t they charge more money?