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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

#221

Post by Nokinside »

HeadsUpHigh wrote: post #202
Nokinside wrote: post #40

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.

The first line I wrote addressees this issue.

That changes when Musk wants to raise more money next time. Investors can use their power and set the conditions.

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

#222

Post by ModernMech »

toomuchtodo wrote: post #67
ModernMech wrote: post #63

Earlier quoted context omitted.

> I'm starting to understand why all the other self-drive companies use active sensors like lidar. Every roboticist since the DARPA Grand Challenge knew this, as every team that finished had a Velodyne LIDAR. It was THE piece of tech that made that race possible. So for everyone who learned that lesson, to then see Telsas out on public roads with a feature called "autopilot" that did not have any LIDAR sensor attache…

I think it's a little early for people who don't "do" to call it that LIDAR is mandatory, and that optics and radar aren't sufficient. Autopilot is still in development.

Obviously LIDAR is not mandatory. We have a billion proof of concept controllers that only use binocular image data to navigate just fine. So one day ostensibly that could be enough. But we need a computer as good as the human brain to make it work, and that's not happening anytime soon. So until then, dropping LIDAR from the sensor suite is really going to limit your performance.

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

#223

Post by onepremise »

Seems like much of this is closely related to the 'going private' statements. I'm curious if Elon had it out for one of the many short selling firms exploiting TSLA stock, Citron Research, etc... There's more at work here than just Elon being overzealous with corporate ambitions. There are groups of people, venture capitalists, and banks hell bent on weaponizing margin trading to manipulate markets.

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

#224

Post by bdcravens »

Nokinside wrote: post #40

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…

Due to how the voting shares are allocated, it takes about 90% of votes outside of Musk and company insiders to oust him.

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

#225

Post by bdcravens »

HeadsUpHigh wrote: post #202
Nokinside wrote: post #40

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.

Those votes have failed due to how the company's voting structure is set up. It takes about 90% of the vote outside of Musk and insiders to oust him.

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

#226

Post by wetKoala »

cecja wrote: post #28
sophistication wrote: post #16

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.

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.

That's not how you use the word "gaslighting" in a sentence. I don't think you know what the word means.

By definition, it's not something you can do to yourself, so what you wrote is like saying someone stole their own car. Unless there are some strange mental gymnastics going on, it's not possible to steal your own property from yourself.

Nor is it possible to maliciously conspire against your own healthy sanity in secret. You can try and argue about cute ideas where that might be curiously plausible, but the definition of the verb doesn't play into that idea.

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

#227

Post by bdcravens »

empath75 wrote: post #7

IMO, they should fire musk, slow down their blue-sky research projects, rip autopilot out of the cars, and just build "boring" luxury electric cars with huge profit margins and rake in cash.

It takes about a 90% vote to oust him due to how voting shares at Tesla are setup.

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

#228

Post by cliffordthedog »

zaroth wrote: post #210
Spooky23 wrote: post #125

Earlier quoted context omitted.

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…

Does the tesla fan really want to get in to an argument about build quality right now?

A fire at a factory shutting it down is not hte same type of drama as constantly missing estimates and using a tent to extend the line.

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

#230

Post by cliffordthedog »

dwild wrote: post #219
ummonk wrote: post #176

Earlier quoted context omitted.

My Subaru never shadow brakes. Its driver assistance technology is certainly more rudimentary than Tesla's (only has lane keep assist and adaptive cruise control, and the adaptive cruise control doesn't see speedups far ahead and doesn't catch people switching into my lane until they're already halfway switched), but it is very reliable at doing what I expect to, and not having any dangerous shadow-braking like that.

> My Subaru never shadow brakes. Do your Subaru is electric? Does it range compare to the Model 3? How does it compare to its acceleration? Don't ever buy a product for a feature in beta. For the sake of anyone, never ever EVER do that.

Then maybe Tesla shouldn't be selling their murder machine.
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