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It's sorta hard for the media to ignore when the CEO of a multi billion dollar company gets in a twitter war with a guy and calls him a pedophile. Goes on air and smokes weed on a pod cast.
The media has looked the other way and likely buried many stories on his erratic behavior. At a certain point it gets so insane they are forced to report on it.
Tesla is shorted by people who know money and can see the company has huge debt, isn't profitable, doesn't meet forecasts, and who's market cap is solely inflated because of media.
That podcast has something for everyone.
The Shop
Tesla doesn't have dealers to put stacks of unsold cars hoping they'll sell. They are having a very hard time keeping up with demand and getting all of the cars they are producing delivered which is "one" of the reasons they were stacked up and the factory. Another reason is they delayed delivery a bit one month so that the 200,000th car wouldn't have been delivered until after the end of the month so the incentives for the buyers would be extended for a little longer.
But, anti Tesla people eat those stories up and pass them around and you would think Tesla is just days from going bankrupt. Couldn't be further from the truth. I honestly don't understand the Tesla hate by many. This is going to be one of the biggest American success stories in a long time. You want to make America great again, this is how it's done.
That 3% is rounding errors to the major auto makers. Tesla isn't even the biggest electric vehicle marker.
I respect what Musk is trying to do. But Tesla doesn't even own it's own battery technology. Panasonic does. You could go on and on.
Space X seems to be truly ground breaking. An over priced electric car? Nos so much. And they bought a failing home solar panel company. Is that ground breaking. Not so much.
The Model 3 last month was the 7th best selling passenger vehicle in America. The predictions are it could get to number 1 before the year is out. Tesla sold more Model 3’s than BMW 3-4 series cars, Lexus IS, or Audi A4’s last month.
As for the battery comment. I have no idea where you’re coming up with this. Tesla owns all of their own chemistry for their packs and constantly evolves them. Yes, they buy cells from Panasonic (18650) and are partnered with them but the gigafactory is primarily tesla’s and all Model 3 cells are made there. The X and S get Panasonic cells but that’s because of 2 reasons mostly, a preexisting contract and the insane demand for 2170 cells for the model 3 from the gigafactory. The 18650 in Model S and X is still Tesla’s proprietary chemistry formula.
Bob Lutz has predicted Tesla’s demise every year since about 2010. That’s nothing new, he’s just collecting his yearly check from some shorts to speak doom and gloom. I guess it could be jealousy as well though......
I think Tesla has already achieved Musk’s goal . That is to change the world . Do you guys really think that BMW , Volvo , Mercedes etc , would be making electric cars if Tesla had never existed . No way . Tesla proved the demand and they all followed . Mission accomplished .
The owner is some crazy Chinese Cowboy that "plays by his own rules".
The press (rightly so) was merciless with regards to the negative coverage of this guy.
Most of the brain trust left Faraday as he quickly ran out of money but the cowboy, against all odd's got a big backer.
Now they are rolling the same P1 car around and the press coverage is very positive.
The guy is a crook and nothing has changed with his practices but somehow he has paid off Gawker media and Bloomberg so all the other outlets just follow their leads.
Its as if we cant trust our media outlets or something..
Investors trust and admire his dedication and work ethic. If hard work really pays off he and Tesla will succeed. Thats ultimately why investors or owners like myself stay committed.
Serious question.
Pit Row
With that being said, I think Tesla is mature enough now that Musk needs to hand it over to his directors and let them stabilize and grow the business to overcome more market share. I personally think Musk would be more valuable pouring his time in at SpaceX because the novel projects to be accomplished in space would appear wildly more appealing than staying at an auto factory trying to refine manufacturing processes for profit.
There are plenty of non-musk folks who are completely qualified for elevating the Tesla factory to the next level.
Has he always hit his time guidances? No, sometimes it’s way off but that’s an issue of his ambition and exuberance. Plus the fact, he’s completely changing the landscape of the auto industry. Some dates are going to be way off just because there’s no similar baseline before.
Do you feel Ferrari, Lamborghini or Aston Martin are in need of new CEO’s? Tesla has passed or will very soon those companies up in gross sales and registrations... It is only a matter of time before they make more profit as well.
tcannon521 wrote:
Say what you will about Elon, but when someone who technically could easily never work again in his life invests every last cent he has into his companies to keep them afloat that says a lot about his character and drive.
The dude just bought the top of the line global express BEFORE selling his 3 burner Dassault Falcon he had for years.. Did he sell the new jet? No.
Did he sell all his houses, cars, etc. No. Is the guy living on the street? No. Are all the warehouses, hangars, and other places all shut down and closed? No.
The company would fail with him not leading it.
Do you feel Ferrari, Lamborghini or Aston Martin are in need of new CEO’s? Tesla has passed or will very soon those companies up in gross sales and registrations... It is only a matter of time before they make more profit as well.
Again, the guy had money and decided to start something. He hires people to do all the work.
You do realize that people that work at Solar City for example, most have no idea who Elon Musk is, and most have never heard the name.
For gross sales etc,
Ford Owned Aston Martin, and still has a stake in the company.
I highly doubt Ferrari wants every douche to be driving one, and surely Lamborghini doesn't care either about amount of registrations, since that isnt their goal, which again, you might be nuts because Lamborghini is owned by Volkswagen. Which also owns Audi, Porsche, and a crap ton of other brands including Ducati bikes.
They are bigger than Toyota.
From Wiki...........
Volkswagen sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen marques; motorcycles under the Ducati brand; and TRATON AG (commercial vehicles, trucks, and buses) under the marques MAN, Scania, and Volkswagen Commercial Vehicles.
Please enlighten me on the purpose of Lamborghini if it isn’t market share and profitibility. I’ll wait for your answer.
As for Solar City, please share your market study supporting “most” (which means more than 50%) don’t know who Elon is. I find this comment most interesting from you since the company was started by Elon’s cousins from his recommendation and him being one of the original financiers. I would bet less than 50% of the population in America know who Elon is much less a company he basically started.
Ouch....
Post a reply to: We should start a pool on when musk completely loses it