Tesla, Inc. 8-k filing – CFO leaves Tesla • Hacker News Board

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#101

Post by [deleted] » Tue, Aug 08, 2023, 3:12 AM UTC

agumonkey wrote: post #93

bluefishinit wrote: post #71

Earlier quoted context omitted.

> How much of Tesla do you think is Musk? Tesla's valuation is mostly Musk. "Infinite demand", "full self-driving"... the SEC should have cracked down on him a long time ago but they seem unwilling to do so. Ultimately reality will win out and Tesla's stock will realign. That hasn't happened because Musk has an army of fanboys he can use to pump the stock, apparent ins at the SEC and a very aggressive call buying pro…

You think it's all games ? when I see a panel of videos(sandy munroe may be fan boy, I dont know, his reviews seems to be detailed at least), there are regularly a few things that seems impressive. Competition seems to have difficulties catching up, chargers are improving, single cast car body seems to be a big benefit for factory simplification, they still had the best engine (and the adaptive reluctance idea seemed…

[deleted]

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#102

Post by pstuart » Tue, Aug 08, 2023, 4:01 AM UTC

heavyset_go wrote: post #98

pstuart wrote: post #90

Earlier quoted context omitted.

What confuses me is that Musk's behavior is abhorrent to the "typical" Tesla buyer.

He's courting a new customer base for the Cybertruck.

Not to go too far into the weeds of second guessing him, but I don't think that's courting a new market -- it seems to be the mask coming off.

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#103

Post by kalleboo » Tue, Aug 08, 2023, 4:04 AM UTC

agumonkey wrote: post #93

bluefishinit wrote: post #71

Earlier quoted context omitted.

> How much of Tesla do you think is Musk? Tesla's valuation is mostly Musk. "Infinite demand", "full self-driving"... the SEC should have cracked down on him a long time ago but they seem unwilling to do so. Ultimately reality will win out and Tesla's stock will realign. That hasn't happened because Musk has an army of fanboys he can use to pump the stock, apparent ins at the SEC and a very aggressive call buying pro…

You think it's all games ? when I see a panel of videos(sandy munroe may be fan boy, I dont know, his reviews seems to be detailed at least), there are regularly a few things that seems impressive. Competition seems to have difficulties catching up, chargers are improving, single cast car body seems to be a big benefit for factory simplification, they still had the best engine (and the adaptive reluctance idea seemed…

Their valuation is far beyond what can be justified by any company that makes and sells cars. IIRC they have (had?) a higher market cap than every other car company combined.

Their valuation is based on being a "tech company" like FAANG, and somehow making more money by offering robo-taxis or something than selling cars.

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#104

Post by DoesntMatter22 » Tue, Aug 08, 2023, 4:19 AM UTC

Spooky23 wrote: post #79

wonderwonder wrote: post #61

Earlier quoted context omitted.

How much of Tesla do you think is Musk? For example, if Zuck choked Musk to death in a cage fight, what do you think would happen to the stock? Obviously the odds of this happening are close to 0 but after investing heavily in Tesla I came to the conclusion (perhaps wrongly) that a good deal of the value in tesla stock is tied to Musk. He could get hit by a bus tomorrow. So I sold and put it all in an index fund that…

Musk is willing to make reckless decisions and avoid expensive complications like following the law. A normal car executive would never just break the law re direct sales etc. I’d guess he’s becoming less valuable as the company is larger. Twitter is the textbook example of the downside of ruling by whim.

A normal car executive wouldn't take all the risks that got them to where they are right now, you know, having the #1 selling car in the world.

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#105

Post by aeternum » Tue, Aug 08, 2023, 4:26 AM UTC

taylodl wrote: post #100

wonderwonder wrote: post #61

Earlier quoted context omitted.

How much of Tesla do you think is Musk? For example, if Zuck choked Musk to death in a cage fight, what do you think would happen to the stock? Obviously the odds of this happening are close to 0 but after investing heavily in Tesla I came to the conclusion (perhaps wrongly) that a good deal of the value in tesla stock is tied to Musk. He could get hit by a bus tomorrow. So I sold and put it all in an index fund that…

Quick - name the CEO of Toyota. Can't do it? How about Volkswagen? Still no? These are the two largest car companies in the world. Honestly, I think Tesla would be better off if Musk were to go away - at this point. Musk really is the perennial entrepreneur. He's a great idea man, and he can get a company built and make that idea come to life. But he can't run a business. I think Musk has overstayed his welcome at Te…

Dojo could be a gamechanger for AI if they can create the right compiler tooling.

Optimus also has potential but needs a personality like Musk's to bring it to fruition.

Without him both of the projects will likely be abandoned.

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#106

Post by gamblor956 » Tue, Aug 08, 2023, 4:53 AM UTC

hypeit wrote: post #45

toolz wrote: post #13

Earlier quoted context omitted.

Maybe more charitably stated, it's a fun title to break the monotony of common titles. Surely just because we disagree with musk on other decisions we don't have to denigrate some harmless fun. I welcome the day where we treat business less seriously.

> I welcome the day where we treat business less seriously. Teslas can and do kill people. Taking business "less seriously" is how you do things like remove lidar and label the hobbled driver assist as "full self-driving". I doubt people who have had family members killed by a Tesla think these titles are cute and "fun".

About 90 minutes ago, a Tesla swerved into my car on surface streets and only avoided me because I was able to swerve into the opposing lane in time.

(The driver was on his phone, and his hands were not on the steering wheel.)

This is not even the first time this month that a Tesla using Autopilot/FSD has swerved toward my car like a drunk driver.

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#107

Post by [deleted] » Tue, Aug 08, 2023, 5:41 AM UTC

specialist wrote: post #86

ChuckMcM wrote: post #65

Earlier quoted context omitted.

The more I see of Musk on Twitter the lower I judge his future impact at Tesla. Tesla going forward is going to have to grow its customer facing side and Musk seems unsuited to solving problems that involve humans and emotions. Could be completely wrong of course, often am. That said, I too divested myself 100%.

Having 𝕏 distract Musk may prove to be a boon for both SpaceX and Tesla. From the cheap seats, it looks like both have terrific strategies and now need to be left alone to execute.

[deleted]

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#108

Post by paulmendoza » Tue, Aug 08, 2023, 5:48 AM UTC

_ea1k wrote: post #77

Kranar wrote: post #30

Earlier quoted context omitted.

Just to put things in context, the average tenure of a CFO among S&P 500 companies is 3.5 years. I don't think that's a big deal, but apparently people commenting here think a CFO departing is some kind of major signal of something. At any rate, it's at least worth knowing quantitatively that this happens once every 4 years or so.

The only part that surprises me is that he's so young and leaving this quickly. I can't see him retiring, so what looks more appealing right now?

He only worked for the company for 13 years!

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#109

Post by elkos » Tue, Aug 08, 2023, 6:09 AM UTC

aeternum wrote: post #105

taylodl wrote: post #100

Earlier quoted context omitted.

Quick - name the CEO of Toyota. Can't do it? How about Volkswagen? Still no? These are the two largest car companies in the world. Honestly, I think Tesla would be better off if Musk were to go away - at this point. Musk really is the perennial entrepreneur. He's a great idea man, and he can get a company built and make that idea come to life. But he can't run a business. I think Musk has overstayed his welcome at Te…

Dojo could be a gamechanger for AI if they can create the right compiler tooling. Optimus also has potential but needs a personality like Musk's to bring it to fruition. Without him both of the projects will likely be abandoned.

I'm not familiar with Dojo and Optimus, are these some upcoming Tesla car lines like the Cybertruck?

Re: Tesla, Inc. 8-k filing – CFO leaves Tesla

#110

Post by elkos » Tue, Aug 08, 2023, 6:24 AM UTC

Shawnj2 wrote: post #37

zgluck wrote: post #5

https://twitter.com/elonmusk/status/1688662299857321984 I would like to thank Zach Kirkhorn for his many contributions to Tesla over the course of 13 often difficult years. Much appreciated and best wishes for the next stage of his career.

Elon Musk being polite? Now that’s concerning

Looking into it.