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

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201–210 of 307 posts

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

#201

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.

You're right that Musk does not need to score political points with the everyday person in order for Tesla to succeed. But by the same token, Musk's "fitting into the current political and cultural trajectory" (whatever that means) is also of no value to Tesla. The actual concerns people have are much more concrete. Tesla has already had "a few years of optimization". They have been making cars for ten years now. The…

> whatever that means

I mean that he is a rare kind of public figure who is really down-to-earth, yet proponent of the free market & innovation. Like Trump he breaks with the norms, but he's a lot more sincere. He also does not seem to outsource overseas very much, which kind of fits into the MAGA narrative.

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

#202

If Tesla needs more money, investors will use that as a leverage to get the Elon Musk problem addressed. It would be good for everyone if there is intervention that corrects the problem and Musk could continue. Investors can demand to have someone who can veto his craziest decisions and publicity or they can force him out. Musk has structured the board so that nobody has power over him. He must know that if asks more…

>If Tesla needs more money, investors will use that as a leverage to get the Elon Musk problem addressed.

Sounds you are lost into your own bubble. Every vote for removing Musk has failed completely in the past.

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

#203

Earlier quoted context omitted.

> What kind of error is that? They've aware of this, they are not correcting. All media who published the report and were made aware of the "mistake" kept it, even though the 50K is already proven wrong. Who cares? What influence do you think this article and that estimate has? "Disinformation"; that's laughable. Tesla and Musk are being sued and investigated for stock manipulation, but you're crying about Reuters be…

> "Disinformation"; that's laughable. Tesla and Musk are being sued and investigated for stock manipulation, but you're crying about Reuters being off on their prediction. Who is showing bias? Where is the outrage? I never understand how this is a legit argument. Just because one party shows disinformation doesn't make another party's disinformation right.

>Just because one party shows disinformation

I don't think you know what disinformation is. You really believe one party is deliberately misleading, while the other is not?

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

#204
post #155

Earlier quoted context omitted.

It's a public startup company with ~$45bn of market cap. A lot of people want to jump on the hypetrain but once they realize it takes actual work to get this company from Elon's wild dream to a steady-state market leading EV manufacturer while working under pressure from an obsessive man and near limitless public scrutiny, they immediately jump ship.

> but once they realize it takes actual work to get this company from Elon's wild dream If what you claim was true, Musk is not good at picking people. CxO level hires are not people who managed to breeze through an HR phone interview, they are vetted by the CEO himself.

Yes, Musk has no experience running a company this big -- he's clearly bursting at the seams -- so it's not surprising that he's not good at picking people. He's also known to be obsessive and I don't think anyone has ever described him as a great team player, so it's not surprising that he picks terrible teams.

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

#205
post #129

Earlier quoted context omitted.

Yeah that's not a rotating door of anything. Both those executives were with the company for 2-5 years before they decided to leave. Wheeler was almost certainly fired because Musk wanted Ahuja back. Consider that the announcement of Ahuja's return occured one day after Wheeler's announcement. Sorry, this entire narrative you have invested in of executives running for the hills just has no relation to reality.

And the head HR person. https://www.cnbc.com/2018/09/07/another-tesla-executive-leav... > Sorry, this entire narrative you have invested in of executives running for the hills just has no relation to reality. TSLA supporters thinking everything is fine are the ones that have no relation to reality.

So then short the company and make your money? Why do you have to publicly trash talk them so hard if your analysis has merit?

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

#206
post #138

Earlier quoted context omitted.

"If you don't want your Tesla slamming on the brakes on a highway at 80mph, don't buy a Tesla." You must own a lot of Tesla shares to make such a ridiculous statement.

> You must own a lot of Tesla shares I do, but I also entrust my wife and kids in a Model S. I specifically bought the Model S (a used 75D) for them due to its safety record. That's worth far more to me than any Tesla shares. With that said, my wife is aware under what conditions it is safe to engage Autopilot, and is also aware that she is still the responsible party if an accident happens when it's engaged. She doe…

The ridiculous thing I was commenting on was your suggestion that if sudden high-speed braking maneuvers on a highway were "cause for concern" then you shouldn't buy a Tesla. MV death statistics are completely irrelevant to that point.

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

#207

Earlier quoted context omitted.

Why wouldn't you build out the higher priced orders first?

The more concerning part is that they're still losing a fortune while only building out the supposedly high margin top end models.

Tesla gross margin on an AWD Model 3 with Autopilot is ~$20,000.

Twenty thousand dollars.

And they are outselling BMW’s entire passenger car lineup.

It cost them a pretty penny to get here but cash is literally pouring in for Tesla right now.

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

#208

Earlier quoted context omitted.

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 pe…

>Nobody expects that Tesla manufactures 16,000 Model 3's per month.

What are you talking about? They are sustainably producing 5000/week now, and have backlog for the next 1.5 years at least.

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

#209
post #206

Earlier quoted context omitted.

> You must own a lot of Tesla shares I do, but I also entrust my wife and kids in a Model S. I specifically bought the Model S (a used 75D) for them due to its safety record. That's worth far more to me than any Tesla shares. With that said, my wife is aware under what conditions it is safe to engage Autopilot, and is also aware that she is still the responsible party if an accident happens when it's engaged. She doe…

The ridiculous thing I was commenting on was your suggestion that if sudden high-speed braking maneuvers on a highway were "cause for concern" then you shouldn't buy a Tesla. MV death statistics are completely irrelevant to that point.

Your issue isn't with my suggestion, it's with regulations that specifically allow Autopilot to continue to be sold and engaged in Tesla vehicles.

"The vehicle could do X while under your control. If you are not comfortable with X occurring while under your control, do not buy the vehicle (or buy the vehicle, but do not purchase Autopilot). The vehicle feature that could cause this is still permitted by regulators to be functional. You are solely responsible for the actions of the vehicle while operating it."

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

#210

Earlier quoted context omitted.

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…

Ford makes 50-90k F-150's a month without the drama. There is no universe where Tesla will be manufacturing 25,000 (300k/12) $40-50k cars per month. BMW alone sells something like 9,000 3-series vehicles in that price range per month. It's not credible that Tesla, with a limited sales network, limited charging infrastructure, high costs and long backlog is going to magically take away double digit percentages of the…

We are practically living in that universe today — never mind once slack capacity opens up and they go down market with the standard range model at $35k.

Did you miss the report last week that Tesla is outselling BMW’s entire passenger car lineup? [1]

Also, double check your numbers - “The BMW 3 Series (the Model 3's direct competitor) sold only 3,751 cars in August.“

Tesla delivered between 17,000 - 20,000 Model 3’s in August, by comparison.

> Ford makes 50-90k F-150's a month without the drama.

“Production of the F-150, the most important vehicle in Ford’s showrooms, has ground to a halt.

Ford on Wednesday was forced to suspend all production of the F-150 after a fire at a key supplier’s manufacturing facility. It remained unclear how long the plants in Kansas City, Missouri, and Dearborn, Michigan, will need to wait before building F-150s again” [2]

That was back in May. Today they announced a recall of 2 million F150s due to a fire risk which is estimated to cost them $140 million dollars. [3]

[1] - https://www.autoblog.com/amp/2018/09/06/tesla-model-3-outsel...

[2] - https://www.foxbusiness.com/markets/why-the-ford-f-150-is-a-...

[3] - https://interestingengineering.com/ford-recalls-more-than-2-...

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