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Gotta give it to Elon, he's really getting creative

This is such a clown show.

Also....how tone deaf is he to think that having Tesla owned by the Saudis is a good move? Talk about PR problems. I was scrolling through the Reddit fanboys....and a huge % of them were saying they would cancel orders/be done with the product if the Saudis are the owners.

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I mean, for as smart as this guy is as a creator and engineer, he is one of the worst CEO's I've seen.
 
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He literally can't get out of his own tweeting way

https://www.bloomberg.com/news/arti...said-to-have-had-no-mandate-when-musk-tweeted

Goldman Sachs Group Inc. hadn’t been formally tapped as a financial adviser by Tesla Inc.’s chief executive officer when Musk revealed planslast week to take the automaker private and said he’d secured the funding for the transaction, according to people with knowledge of the matter. The bank still hadn’t officially signed on when Musk said on Twitter late Monday that he’s working with Goldman Sachs and private-equity firm Silver Lake as financial advisers, the people said.
 
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He literally can't get out of his own tweeting way

https://www.bloomberg.com/news/arti...said-to-have-had-no-mandate-when-musk-tweeted

Goldman Sachs Group Inc. hadn’t been formally tapped as a financial adviser by Tesla Inc.’s chief executive officer when Musk revealed planslast week to take the automaker private and said he’d secured the funding for the transaction, according to people with knowledge of the matter. The bank still hadn’t officially signed on when Musk said on Twitter late Monday that he’s working with Goldman Sachs and private-equity firm Silver Lake as financial advisers, the people said.


Formal SEC investigation now underway.
 
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Shocking, more trouble for TSLA being covered up by Elon. He's literally stealing Trump's playbook.

Tesla employees say the main Model 3 production line has been shutting down early
https://outline.com/W7j8gb
  • Employees assembling Model 3 vehicles at Tesla's Fremont factory on the GA3 line were sent home early from shifts this week, three Tesla employees told Business Insider.
  • One factory worker said the GA3 line, which is the main assembly line for Model 3 production, was sent home early on Wednesday without meeting goals.
  • The worker said roughly 211 Model 3 sedans were assembled before workers were sent home three and a half hours early from their typical 12-hour shift. The employee said the company aims to make 300 Model 3 vehicles per shift on the GA3 line.
  • In early July, Tesla CEO Elon Musk sent out a company-wide emailcelebrating the Fremont plant hitting the 5,000-cars-per-week benchmark, and saying the factory was on track to raise that figure to 6,000 cars a week.
  • The worker said the email "was laughed at," as the GA3 line has rarely hit its benchmarks.
  • Tesla declined to comment on whether GA3 line workers were being sent home early and about internal targets for the Model 3.
https://www.marketwatch.com/story/t...ing-year-says-worst-is-yet-to-come-2018-08-17

Tesla’s Elon Musk describes ‘excruciating’ year, says ‘worst is yet to come’




Meanwhile, the stock is down 9% today and biggly since his bogus tweet went out.

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This is just laughable at this point. Elon comes out and admits he's a lying fraud. He says, just kidding guys, Tesla is going to remain public. This is one of the worst attempts to CYA I've ever seen.

https://www.tesla.com/blog/STAying-public

worked with Silver Lake, Goldman Sachs and Morgan Stanley, who have world-class expertise in these matters, to consider the many factors that would come into play in taking Tesla private, and to process all the incoming interest that we received from investors to fund a go-private transaction. I also spent considerable time listening to current shareholders, large and small, to understand what they think would be in the best long-term interests of Tesla.

Except none of those parties was engaged prior to Musk's tweets that he had secured funding and was going to take private.

Additionally, a number of institutional shareholders have explained that they have internal compliance issues that limit how much they can invest in a private company.

No shit, Sherlock.

There is also no proven path for most retail investors to own shares if we were private.

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Although the majority of shareholders I spoke to said they would remain with Tesla if we went private, the sentiment, in a nutshell, was “please don’t do this.”

So he means to tell us that he spoke to the majority of shareholders in this time frame? LOL.

That said, my belief that there is more than enough funding to take Tesla private was reinforced during this process.

And yet, nobody has confirmed this except Musk because there isn't the funding in place and his entire claim was fabricated.

After considering all of these factors, I met with Tesla’s Board of Directors yesterday and let them know that I believe the better path is for Tesla to remain public. The Board indicated that they agree.

Board member's after such a distracting waste of time...

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Meanwhile, the stock closed at $263, chief accounting officer and head of HR quit... The wheels might be coming off
 
Elon Musk’s Brain Isn’t Like Yours
The author of a book about serial innovators says Musk’s outrageous behavior is the flip side of his extreme creativity.
105438875-1536336503523screen-shot-2018-09-07-at-12.07.32-pm.530x298.jpg

https://www.bloomberg.com/amp/view/...musk-s-quirks-are-worth-the-trouble-for-tesla

Melissa Schilling, a management professor at New York University’s Stern School of Business, has been watching Musk’s escapades with great interest. That’s partly because, well, they’re interesting, but also because she recently wrote a book called “Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World,” and Musk is one of the eight innovators whose traits, foibles and genius she focused on.
When you study these serial breakthrough innovators, you'll discover that a lot of them are what in management we would call “low self-monitors,” meaning they don't monitor their persona or the way they present themselves very carefully. This is actually relevant to their ability to generate unusual ideas and to persist in the face of criticism. A person who cares a lot what people think of them is a person that’s going to make concessions when people disagree with their ideas. They're going to be a little bit less bold, they're going to be a little bit more conflict-avoidant. All of these people I studied were people who didn't make concessions, and it's part of why they were able to persist in pursuing really unusual and important ideas. But it does detract from their ability to be persuasive or be considered legitimate or to get their ideas assimilated.

I guess Elon is the Rastafarian of the tech-work, as rasta-tech or teslafarian? ;)

This is why I keep failing -- damn, the tough draconian drug laws of Singapore!
 
That's dumb as hell....so if he would have just been slamming an extra whiskey it'd be ok...but taking a legal puff was a security concern? LOL. GTFO

It's federally illegal. Even if you are pro legalization (I am), it's very amateur for a guy like this that knows he's under he microscope
 
It's federally illegal. Even if you are pro legalization (I am), it's very amateur for a guy like this that knows he's under he microscope

Oh...I know....the commentary was more on the total absurdity of the policy.

The Fed will have more and more issues with this....now that over half the country has access to legal weed.
 
Oh...I know....the commentary was more on the total absurdity of the policy.

The Fed will have more and more issues with this....now that over half the country has access to legal weed.

There's just something hilariously unsurprising about Musk smoking a doobie that even Snoop would be proud of and getting caught on camera
 

Three things:

1) Sleep is sacrosanct -- and when folks are up at 2-3am in the morning, its never good.
2) Say what you want about Elon, but in the history of technology, there are very few people who have had more than one or maybe two very successful startups. Elon has like more than a couple.
3) Folks need to know their strengthens -- in my tech experience, there are usually two types of folks:

a) Startup folks who thrive in chaos and like building from an idea to paper to actual company/technology ... usually to the max, the take-off stage and then, you hand off to
b) a 'general' manager types who prefer to work with good visibility, structure and predictability.

I suspect that Elon is of the former. There are few around who is a great combination of both. By the time you get to stage 3 of the company life cycle, you need to step back -- fence yourself off and go back and play or do whats best you are at. Google founders did that but not without obvious initial mistakes and hesitations.

Or he can just call it Elon's Fabulous Bacon Adventures in his next book.
 
Last edited:
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Three things:

1) Sleep is sacrosanct -- and when folks are up at 2-3am in the morning, its never good.
2) Say what you want about Elon, but in the history of technology, there are very few people who have had more than one or maybe two very successful startups. Elon has like more than a couple.
3) Folks need to know their strengthens -- in my tech experience, there are usually two types of folks:

a) Startup folks who thrive in chaos and like building from an idea to paper to actual company/technology ... usually to the max, the take-off stage and then, you hand off to
b) a 'general' manager types who prefer to work with good visibility, structure and predictability.

I suspect that Elon is of the former. There are few around who is a great combination of both. By the time you get to stage 3 of the company life cycle, you need to step back -- fence yourself off and go back and play or do whats best you are at. Google founders did that but not without obvious initial mistakes and hesitations.

Or he can just call it Elon's Fabulous Bacon Adventures in his next book.


https://www.cnbc.com/amp/2019/01/28/saudi-arabia-reportedly-cuts-its-tesla-exposure.html
 
Three things:

1) Sleep is sacrosanct -- and when folks are up at 2-3am in the morning, its never good.
2) Say what you want about Elon, but in the history of technology, there are very few people who have had more than one or maybe two very successful startups. Elon has like more than a couple.
3) Folks need to know their strengthens -- in my tech experience, there are usually two types of folks:

a) Startup folks who thrive in chaos and like building from an idea to paper to actual company/technology ... usually to the max, the take-off stage and then, you hand off to
b) a 'general' manager types who prefer to work with good visibility, structure and predictability.

I suspect that Elon is of the former. There are few around who is a great combination of both. By the time you get to stage 3 of the company life cycle, you need to step back -- fence yourself off and go back and play or do whats best you are at. Google founders did that but not without obvious initial mistakes and hesitations.

Or he can just call it Elon's Fabulous Bacon Adventures in his next book.

OOOPSS

https://www.cnbc.com/2019/02/25/tes...elon-musk-in-contempt-for-violating-deal.html

Tesla shares fall after SEC asks judge to hold Elon Musk in contempt for violating deal
  • The CEO said that Tesla would make "around" 500,000 vehicles this year, clarifying about four hours later that he "meant to say" the company's annualized production rate at the end of 2019 could be around 500,000 vehicles.
  • Total deliveries for the year are still estimated at 400,000, Musk said.
  • "Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people," the SEC wrote in the court filing.
 
How Tesla uses cash from Nevada casinos to boost its bottom line

http://www.latimes.com/business/autos/la-fi-hy-tesla-nevada-casino-credits-20180624-story.html

Given Elon Musk’s dubious track record for hitting his goals, it may be a roll of the dice whether the Tesla CEO delivers a profit later this year. Fittingly, his success will depend partly on money from Nevada casinos.

Since 2015, Tesla has boosted its bottom line by selling tax credits to casinos such as the MGM Grand.

The casinos use the credits, purchased at a discount, to lower the gambling taxes they pay the state. Tesla uses the proceeds to ease its losses or increase its profit. Musk told investors on June 5 that “it’s looking like” the company will be profitable later this year.

So far, Tesla has sold $131 million in credits to casinos and has booked a total of $163 million in anticipation of more sales soon.

Millions more will probably be used in the quarters ending in September and December. That could be enough to swing a loss to a profit for the company.
Look who's at the top of this list.
 
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Rode in a Tesla Model 3 last week (Lyft ride). It was interesting, and the acceleration was amazing (driver showed off for us a bit). But man was it cramped inside. It was also a rather noisy ride, and not all that comfortable (kind of like when your dress shoes need to be resoled and you can feel every pebble you step on). For some reason it reminded me of the original Fiero.

The following day we rode in a Prius Prime (plug-in hybrid) and it was a much nicer and quieter ride.
 
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Rode in a Tesla Model 3 last week (Lyft ride). It was interesting, and the acceleration was amazing (driver showed off for us a bit). But man was it cramped inside. It was also a rather noisy ride, and not all that comfortable (kind of like when your dress shoes need to be resoled and you can feel every pebble you step on). For some reason it reminded me of the original Fiero.

The following day we rode in a Prius Prime (plug-in hybrid) and it was a much nicer and quieter ride.
I had you figured for a Prius type :p
 
I read a few weeks ago, they had $2B in cash. I thought to myself, there is no way they have that much cash with all of their losses.
People think he is a con-artist, but i am not sure. Have you seen the doc about the Fyre festival? That guy and Musk seem to have the same personality, where they have vivid imaginations, but the means to only get half way to the endzone. Con-artists never intend to fulfill anything, where i think Musk's ego is telling him he is powerful enough to get it done.
 
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I read a few weeks ago, they had $2B in cash. I thought to myself, there is no way they have that much cash with all of their losses.
People think he is a con-artist, but i am not sure. Have you seen the doc about the Fyre festival? That guy and Musk seem to have the same personality, where they have vivid imaginations, but the means to only get half way to the endzone. Con-artists never intend to fulfill anything, where i think Musk's ego is telling him he is powerful enough to get it done.

No, keep meaning to watch it, but haven't done it yet. I'll definitely check it out at some point.

That's true, maybe he's not a con-artist, but instead a delusional narcissist.
 
Also, here's the number of Robinhood users holding TSLA vs. its share price... poor retail millenials

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