While it is on the right side of the bell curve, it’s not really abnormal to see that frequency of high departures especially in a company that is that disruptive in its industry.
I watched the entire interview. It was pretty tame, incredibly interesting, and the weed thing seems completely overblown
The stock didn’t drop because of the weed it did because the CAO left after 20 days He’s also made a lot of questionable decisions lately and surely that didn’t help
If anything the weed is a convenient distraction. Losing an executive after a month is a terrible indicator on how the company is run/going.
It definitely made me hope he pulls this off and the gallant knights of the world lose their shirts. It seemed like You could hear that he was exhausted in his voice.
Tesla Model 3 production fell to ~3,100 units during labor day-week as they push for a record quarter https://electrek.co/2018/09/08/tesla-model-3-production-fell-push-record-quarter/
No way. Musk said yesterday that they were going to produce 2x as many cars as they did in 2Q Personally I believe him he has given me no reason not to
Tesla’s battery business is booming amid Model 3 struggles https://www.sfchronicle.com/business/article/Tesla-s-battery-business-is-booming-amid-Model-13213871.php
He managed seagate from public to private, not surprised that he’s gone tbh now that the private thing is over.
Another segment of the business that’s not demand constrained but production constrained. Has a lot of potential.
Real talk, in what way is that a good thread? It's just some random dude's unsubstantiated speculation.
i think elon has more invested in making sure the stock price doesnt fall vs making good cars or a sustainable profitable company. believe morgan stanley can margin call him if the stock dips another 40 points.
So if Musk owed $624.3 million over a year ago and subsequently paid interest on that loan while drawing a minimal salary ($49,920) and continuing his aforementioned luxurious lifestyle while pouring $100 million into his latest distraction, the Boring Company, it seems reasonable to guess that his current loans total approximately $800 million, which means—according to the new proxy—they’d need to be collateralized by $3.2 billion in Tesla shares. As the proxy notes Musk has currently pledged 13,774,897 of his 37,853,041 shares to support those loans, it implies that at a share price below $232.30 (assuming a current balance of $800 million), he’d face either a margin call or the need to post additional shares as collateral. (For some perspective, earlier this month the stock dipped as low as the $244s.) Of course, Musk does have millions more TSLA shares he can (and undoubtedly will) pledge to meet margin calls, so an outright liquidation of his stock is unlikely to occur until the price of Tesla shares dips into the $90s. However, the closer the stock gets to that figure (and considering the financial disaster Tesla is, that time may be closer than one might think), the more likely it is that the ensuing “death spiral liquidation” will be front-run (and thus accelerated) by observant market participants, perhaps at prices well into the $100s. Let’s hope that Mr. Musk—despite having the “advantage” of Autopilot—doesn’t wind up as Mr. McClendon did.
well stock basically got back all that it lost on friday. elon's pump email on friday worked. hilarious that people still believe anything he says.
I think it’s more people realizing a 10% drop over one hit of a spliff is retarded. That and the Baird analyst.
I’m guessing you didn’t read what they are even discussing. It’s about the difference between 90,000 cars produced or 82,000; either one would mean good numbers.
There are valid criticisms about Tesla and one of those is service times which is a problem of a growing company. This is a solid step in the right direction with more to come.
Tesla still has stores, service centers, and a network of body shops. Area of improvement would be getting their parts warehouse up and running. The dealerships model is a retarded model that just marks up cost to consumers. In fact Tesla is STILL fighting to do direct sales in 10 states: New York- Tesla can actually sell cars in the Empire State, but it comes through a compromise that the company made with the state which limits the number of “dealerships” Tesla can operate to only 5. Connecticut- Connecticut is one of the last few states that completely prohibits automaker-owned operations. It results in Tesla buyers not even being able to take delivery in the state, like they do in Texas even though Tesla can’t operate a store in that state either. Utah New Mexico Oklahoma Wisconsin Michigan Texas- See the situation in Connecticut, very similar. https://electrek.co/2018/02/14/tesla-pushing-right-to-sell-cars-directly-states/ Add dealership lobbyists to the list of people who are working to see Tesla fail (Automakers, Oil and gas companies, shorts etc.)
I mean do you enjoy having to haggle at dealerships and then pay a few extra grand to the dealership for your car?