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For context, C-Suite roles rarely change without an announcement far in advance or a complete change of leadership. (I know nothing about Telsa's current affairs, but a CFO change this sudden without any other announcement is sure to cause investor concern and likely foreshadows some bigger press.)
Dude is sticking around for another 6 months, so is 6 months far enough in advance?
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> Yes, Kirkhorn "will continue to serve Tesla through the end of the year to support a seamless transition", but this reads as a rush notice. I don't own any $TSLA (or one of their cars), but this is like the opposite of a rush notice. Heck, he will continue working for Tesla for almost half the year. Seems like typical HN "everything Elon does is bad" bandwagoning. I mean, just earlier today the HP CFO resigned[1] a…
Yeah but nobody cares about HP and their silly printers. Also, Elon doesn't have anything to do with HP
Perhaps nobody cares about HPE either, but at least get your facts right.
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It's always a big deal, but can also mean nothing? So, pure speculation?
The vast majority of the time it’s a big deal, which makes it newsworthy. As well, any well run company would announce at least a few quarters in advance that the CFO is leaving. They don’t abruptly quit or get fired after 13 years without something brewing
Whether the CFO leaving is a "canary" or not, I think there is ample evidence that Tesla's overall value proposition is grossly misaligned with its current valuation (futures priced-in). I would not blame people for using this as an excuse to weaken their positions on Tesla. I am invested and have been for almost a decade, for the record.
And yet somehow many analysis and major investors don't seem to disagree with you.
I have seen this position on HN for a while now, its always 'totally clear and logic' that Tesla is overvalued.
But if you go back and snapshot all those cases, often not true.
You can certainty make a case both ways regarding Tesla.
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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.
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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…
It seems the me the only evidence is that people now like him less, and somehow that now makes him bad at being CEO.
Sorry, don't really see the connection.
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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.
You are being sarcastic right?
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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…
> 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…
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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…
> You think it's all games? Yes, because I'm talking about the valuation which is completely divorced from fundamentals and entirely based on Musk's hype of non-existent products like robotaxis and the cyber truck. They're a small, boutique car manufacturer with a $769B market cap. To put things into perspective, GM has a market cap of $51.5B.
They are not actually 'small' anymore, they are at a 2 million a year run rate and growing.
> GM has a market cap of $51.5B
Yes and have you considered why that is? Look at how many vehicles GM sold in 2008 and then now, it continues to go down. They are retreating from markets. Their EV division has been a complete failure with their ultium platform barley producing a few 1000 cars.
They are surviving because of ICE SUV/Pickups in the US market but have basically no chance to do much beyond that.
And that market is under massive attack over the next half decade.