How many different lawsuits and investigations is Elon now the subject of? There’s this, the separate DOJ investigation, the lawsuits from private investors who exited their short positions, the libel suit from the British guy, possibly an Air Force investigation about the weed... am I missing any? Even if every one of these turns out to be nbd, I wonder if it makes sense to remove Elon just on the grounds that a) it…
Isn't that kind of the point of piling lawsuits onto someone promising that you see as competition?
I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…
Are Apple products different now that Jobs are gone? Yes. Jobs as local despot acted as a curb to bad decisions. Jobs had a vision which acted as a countervailing force to keep Apple from being completely sucked into being a money grubbing luxury goods company. the core people that make and design all their overpriced, planned obsolescence devices are still there, often uncredited, while everyone else likes to focus…
This is just revisionist history and completely wrong.
Steve Jobs pretty much set Apple on the premium goods track when he returned. The iMac, iPod, iPad, iPhone were all developed under his watch and all were premium priced.
Apple has pushed the margins higher but that's only because the market can absorb it. Computing is more central to people's lives and they are willing to pay a premium for a good experience.
He may deserve that, but I believe that public perception is that Elon Musk is Tesla. In the same way that Bill Gates was Microsoft and Steve Jobs was Apple, Musk commands a huge moral force (in a Clausewitz sense... https://en.wikipedia.org/wiki/Carl_von_Clausewitz ). Fire Musk and you need to hire a press team, rebrand, and basically become seen as a stuffy company instead of the hip trendy up-and-comer. How much p…
The difference with Gates and Jobs is Tesla has not delivered, i.e. it has not become profitable enough to guarantee success in the future. At this point he's indispensable. (There is also the thought that without him Tesla does not have an advantage vs cheaper competitors from all around the world)
"At this point he's indispensable. "
If that's the case then there is a real management failure. It would be irresponsible to rely on one person.
Also look at MS and Apple. So far they have been doing fine without Gates and Jobs.
"The suit seeks an order from a judge barring Musk from serving as an officer or director of a public company, a request often made in SEC lawsuits, as well as unspecified monetary penalties." Does this imply that they want to remove him from being CEO and from the board of directors?
Or to simply make it a private company and stay CEO...
This comment I made a few weeks ago is coming alot closer to the truth than I would have expected. I hope for Space X and Tesla's sake that the reports of a directory and Executive ban don't come true. https://news.ycombinator.com/item?id=18016250#18016292 SpaceX is doing well, Tesla has pulled itself back from the brink and may actually become a profitable car company. All Elon had to do was keep his head down and n…
I'd hope the company itself would be fine. I really hate this idea of the grand visionary. A good friend of mine who is a mechanical engineer despises Musk. I listened to a bit of his Joe Regan interview and when Regan asked him how he has the time to do all of the things he does, there are smoke jokes about him being an alien, but not once did he say, "Well I have an amazing team of engineers" and credit all the tho…
I don't know whether he's using CAD but Musk did learn a lot of rocket science. According to aerospace consultant Jim Cantrell, one of his early hires, Musk essentially memorized several textbooks on rocket science, learned more from experts he talked with, and holds his own in engineering discussions.
tesla might have succeeded if this guy was not ceo. if he is doing these kinds of shenanigans in public, i can only imagine how he runs things internal. also, from the lawsuit it seems like he is surrounded by yes men. nobody told him what he did was stupid, instead the other executives immediately jumped on board of promise train.
A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla. I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX's technology, but he's now a danger to the very thing he helped build. This is just one of the lawsuits filed against him or Tesla in recent weeks that have him as the…
Note that Tesla requires a super-majority vote for major changes, and with Elon's ownership (as well as insiders who may toe the line) it would take an almost 90% vote. https://www.thestreet.com/investing/stocks/how-elon-musk-con... (Obviously the SEC can take action that supersedes those rules) Even if Musk is removed, his votes give him an extraordinary amount of control over Tesla's day to day operations, until th…
Shareholders don't have control over day-to-day operations. They get to pick the board, which picks the management team that actually runs day-to-day stuff. If (after this all goes down) Elon were to effectuate day-to-day control, he would be treated as an officer of Tesla in violation of the SEC order and they would likely seek jail time the second time around.
As I said nine days ago in this box and was roundly downvoted therefor: "Good chance that Musk will get placed on the bad actors list and will be unable to serve as an officer or executive of Telsa." What I don't understand is how this took 10% of the price of Tesla shares. How is it possible that this event, which was a 100% certainty, was not already baked into the price?
Does anyone else find it amazing that these days social media posts are becoming official government documentation? Who would've thought that the very platforms where we once just shared pictures of cats are starting to run our our elections and stock markets.
If Elon Musk is removed as CEO at Tesla, Tesla is over. I find it curious that an innovative American company pushing to help our carbon problem by going electric is so lambasted, shorted, constantly under attack. It cannot be argued that Tesla pushed forward both electric cars and self-driving vehicles as a major force (original self-driving push was a DoD X-Prize) Personally I like when American companies succeed a…
What’s wrong with someone else stepping in to run things? Why is E.M. the one person out of 7 billion on Earth who can possibly run the company? People said the same thing about Jobs, but here Apple is, still printing money.
Apple is a bad example, since it literally almost failed after they ousted Jobs... And yeah, Musk is one of very few who created major changes in several industries, and 7 billion people didn't. Removing Musk now, when Tesla is on a brink of becoming profitable can create an avalanche of bad things that will destroy it. I agree though, that tweet was very unfortunate, really doesn't seem like clever thing to do if you can't back it up.