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

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

#131

Post by panick21_ »

bluefishinit wrote: post #129
panick21_ wrote: post #120

Earlier quoted context omitted.

Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. Yes it was late, but claiming it doesn't exist is just stupid. 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 ar…

> Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. It's not real. You can't buy it, it has no credible deadline for shipping. > GM has a market cap of $51.5B > Yes and have you considered why that is? Yes, the fundamentals of their business dictate this market valuation. Unlike Tesla where the price is dictated by Elon's pumping (and occasional dumping).

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

#132

Post by bluefishinit »

panick21_ wrote: post #131
bluefishinit wrote: post #129

Earlier quoted context omitted.

> Cybertruck is literally in production. The idea that its 'not real' is some conspiracy theory nonsense. It's not real. You can't buy it, it has no credible deadline for shipping. > GM has a market cap of $51.5B > Yes and have you considered why that is? Yes, the fundamentals of their business dictate this market valuation. Unlike Tesla where the price is dictated by Elon's pumping (and occasional dumping).

[flagged]

So when can I buy a cybertruck then?

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

#133

Post by conductr »

mtmail wrote: post #35
conductr wrote: post #25

Earlier quoted context omitted.

13 years is a long tenure as CFO, on surface this means nothing.

I think it's 13 years at Tesla, 4 years as CFO.

Got it. Still not a red flag though. CFO tenure is rather low. This thread points out more so how Musk has become a villain in the tech sphere and people are looking for reasons to vilify him and anything he’s associated with.

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

#134

Post by red-iron-pine »

heavyset_go wrote: post #122
pstuart wrote: post #102

Earlier quoted context omitted.

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.

I agree in that this is who he always was, but he's also deliberately going out his way to publicly appeal to certain types of people.

i don't buy it. TSLA still has a big city high tech slant and that's driving most of the sales, while Ford electric trucks are flying like hotcakes. he's going to have to do more to compete on features, on culture, and on reliability -- a big selling point for trucks, and something Tesla's terrible QA will struggle with.

The implication that truck drivers love bipolar douchebags is also vaguely offensive; if that was true the flyover states would be all about Kanye.

This isn't 4D chess, he's just off his rocker and morphing into 2000s Howard Hughes

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

#135

Post by Kranar »

nlowell wrote: post #128
Kranar wrote: post #18

Earlier quoted context omitted.

That seems like a contradiction. How can something always be a big deal if it can mean nothing?

E.g. The fire alarm going off is always a big deal even if there is not always a fire.

Interesting, almost every case I know of where a fire alarm has gone off, no one really cared. I even remember a fire alarm going off in an actual movie theater and no one budged.

I'm going to maintain my position that a precondition for something always being a big deal is that it must always be meaningful. Fire alarms are sometimes a big deal, but sometimes they are just noise. I think the CFO of Tesla stepping down is also just noise as well, but you are welcome to think otherwise.

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

#136

Post by Zigurd »

wonderwonder wrote: post #61
lyapunova wrote: post #38

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.

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…

Tesla's valuation is likely to sharply decline with or without Musk because it is way out of line. If you want to look prescient, pick either choice:

A. Musk leadership tarnishes Tesla

B. Musk distracted by Twitter, Tesla falls to Earth

Both will be true.

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

#137

Post by Zigurd »

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.

True in the abstract, but both are saddled with a Musk project that will continue for years no matter what: Tesla is going to have a major flop and recall liability with Cybertruck. Starship is a space Spruce Goose.

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

#138

Post by red-iron-pine »

dvt wrote: post #24
pdq wrote: post #15

Not good when a CFO abruptly resigns (or is fired). Usually companies project this quarters ahead to the public, with a soft notice that "XYZ will be retiring next year". 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. His IR page is also gone: https://ir.tesla.com/corporate/zachary-kirkhorn

> 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…

HP is not a great comparison for... anything. maybe trainwrecks or dumpster fires.

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

#139

Post by _ea1k »

paulmendoza wrote: post #108
_ea1k wrote: post #77

Earlier quoted context omitted.

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!

True, but only CFO for Then again, maybe he wants less stressful opportunities. I'm sure there are plenty of those.

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

#140

Post by hypeit »

mulmen wrote: post #85
hypeit wrote: post #83

Earlier quoted context omitted.

I mean Tesla is notorious for poor working conditions. Musk may be having fun, but that's not the general experience of working at his companies. https://www.theguardian.com/technology/2017/may/18/tesla-wor...

No kidding. Musk isn’t a fun person to work for. So instead of flaming one tiny fun thing you could celebrate it or at least ignore it. Making Tesla more uptight isn’t going to improve working conditions.

> So instead of flaming one tiny fun thing

The point is it's not "fun", it's Musk powertripping on his employees while he creates terrible working conditions.

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