From my perspective, Tesla is a zombie company, and Elon Musk’s bluster is the only thing keeping it afloat. Its been years since they’ve made a serious new product (lol Tesla Semi, lol Cybertruck), EVs are undergoing a cyclical downturn, China is deflating (like 1/2 sales than normal, likely due to economic conditions over there), and Europe is pissed at Tesla’s behavior with unions.
Furthermore, Elon Musk has been at the helm for so long that whoever replaces him will be just as much of an asshole as Elon. Every “golden” executive who has worthwhile skills has been laid off, or quit, by now. The CFO is clearly just a kid to rubber-stamp financial decisions and they haven’t been able to get any serious financial guy there.
Honestly, I think the company just collapses faster without Elon Musk. The dude is a master of grifting and faking it. Without him at the healm, Tesla might accidentally tell the truth (ex: Tesla Semi is a failure. Cybertruck is a failure. AI / Dojo is a grift that never had a chance vs NVidia. AI Bipedal Robots will not take over jobs or improve their factories). No. Its only Elon who is the only one who can keep these obvious falsehoods and state them with such confidence to trick wide swaths of the public into giving him more money.
I think its that they’re expecting a minimum of $40,000 (but really more like $60k) for a new car on a new platform that most people don’t have experience with.
They don’t want to be affordable, and the CEO doesn’t want to stop being a fascist mouthpiece. They could turn it around, but not with Elmo. They’re basically agreeing to have their bones picked clean rather than get rid of him. Which - okay, they can do that.
Isn’t it Elon who drove those major failed initiatives? We are overlooking how he has become a significant personal deterrant to current and potential Tesla buyers making future purchases.
Well yeah. But my point is that Tesla’s been cruising on this “zombie” path ever since the real founders of Tesla, Martin Eberhard and Marc Tarpenning, left the company over a decade ago.
Tesla finished up their Model 3 / mass production plans and that’s it. Elon oversaw the Model Y (a taller Model 3 that’s more popular in today’s SUV-heavy 2020s car market), but that wasn’t a major investment effort like all the other bits.
Yeap, Tesla is just a marketing firm that sells futurology. The whole reason Tesla even exists is solely because the wall street has become a casino that’s entirely based on speculation.
.AI Bipedal Robots will not take over jobs or improve their factories.
Yeah, I wish you could short the premise of certain VC brained investments. There’s a reason humans are pretty much the only truly bi-pedal animal on earth. While it is extremely efficient, it also requires the syncopation of several different forms of sensational input, with a tri-planar joint system that requires a wide range of motion.
My field has spent hundreds of millions of dollars trying to build adequate feet for prosthetics. They’re still pretty poor imitations of the real thing.
Its all shares. Not strictly cash from the company.
This is Elon stealing from TSLA shareholders. If they want to fuck themselves over like that, then let them. But I highly recommend that shareholders vote no on this measure.
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