[NomadSK]

Originally Posted by extreme_torque

As always, do not take media reporting on face value. Do your own research.

I agree to this one completely, I will be the last one to believe media on face value, but when the other party has been found to pathologically lie on various instances, I will have to take his words with a pinch of salt.

He flat out lied about hyperloop, what happed to taking tesla private at 420, mars mission, a PR stunt for his little submersible, fiasco at twitter while taking up (last moment he doesn’t want to acquire it), billion users monthly, a fight with Zuckenberg (cage match), where’s the council for the fate of banned twitter accounts, Isn't Trump back and who can forget his views on corona virus. And plethora of more. I guess his comprehensive list of lies deserves a book. Personally, I feel the design of his cyber-truck looks like kids playing with crayons.

I hope he doesn’t get entangled in federal trade commission’s CARS law. The reputation a CEO imprints on a company’s brand can make or erode shareholders trust.

And now when he’s the boss of X, it’s hard to believe whatever he spits out. Tesla’s problems can’t all be blamed on outside factors. Some of it is inevitable. New competitors from China have entered the market and, at some point, they will start to take sales away from Tesla and eat their market. At the end of the day its all about economics, demand and supply.

Apologies if it went OT, But I can see the pattern.

[extreme_torque]

Originally Posted by NomadSK

Apologies if it went OT, But I can see the pattern.

It is indeed OT and this would be my last reply on it as well. All of your talking points/interpretations are again from one side/section of the media and miss the nuances. I will take one example and call it a day - your example of the 420 and Tesla going private. He was cleared of all wrong doings by a jury of 9 out of 9 and the media would have to believe that it was an open and shut case.

https://www.cbc.ca/news/business/elo...%20Tesla%20Inc.

P.S. If Elon was to leave Tesla, I would sell all of my Tesla stock the very next day and I have considerable Tesla stock. There is just no way that one man take 3 of the biggest lobbies in the world - Space tech, Petro, Car and come out on top. You think they will make it easy for him?

[SmartCat]

Originally Posted by extreme_torque

P.S. If Elon was to leave Tesla, I would sell all of my Tesla stock the very next day and I have considerable Tesla stock.

In large innovation/R&D driven companies like Tesla, people & processes that Musk has put in place will ensure that the company will thrive even if he decides to quit Tesla.

How many thought Apple is likely to stagnate or fade away after Steve Jobs death (year 2011)?

[Cresterk]

I'm guessing the model 2 was planned with developing markets like India in mind. A tesla that most people here would be able to afford instead of just the rich few. Now with the lowering of EV import taxes, the model 3 itself could possibly be priced affordably.

I'm honestly glad that they scrapped it. The model 3 and model Y itself has a surprising amount of cost cutting and rough edges for the price range and I don't want to think about how bad a model 2 would have been.

[NomadSK]

Originally Posted by extreme_torque

I will take one example and call it a day - your example of the 420 and Tesla going private. He was cleared of all wrong doings by a jury of 9 out of 9 and the media would have to believe that it was an open and shut case.

Anyway, also my last take on this. I wasn't giving the context that jury gave him the clear chit. When he tweeted "funding secured", he cheated the shareholders. He later paid $20 million in a settlement with the US Securities and Exchange Commission, which said the tweet was "misleading."

There is just no way that one man take 3 of the biggest lobbies in the world - Space tech, Petro, Car and come out on top. You think they will make it easy for him?

There's no harm in taking head on the biggest lobbies of the world, but pls not at the cost of your shareholders, if one thinks fossil fuel days are numbered, then he should come out of the fantasy world. We have just peaked the 104MMBD requirement this current year which is envisaged to increase year on year.

I feel, He's simply lucky that China is on his side in the EV's market. Once upon a time, Norway was his considerable market which now is infiltrated by Chinese EV's. The writing is on the wall.

PS - I can't comment on your stock holdings.

Cheers.

[evolvo]

I don’t understand the fuss here.

Reuters published a false article for clickbait, and it ended up on Team BHP. I feel it should have been vetted better before it is up for discussion here. Else, we’ll simply end up furthering their agenda, unawares.

That said, the article was infact false, (just like most clickbait Forbes/Reuters articles on Tesla) and it was confirmed by the CEO of Tesla itself. Who would know better?

So there’s simply no debate. The Model 2 is still on, along with the Robo Taxi(unveil announced for Aug). The Model 2 will most likely be mass produced in India in a few years.

Originally Posted by NomadSK

When he tweeted "funding secured", he cheated the shareholders. He later paid $20 million in a settlement with the US Securities and Exchange Commission, which said the tweet was "misleading."

There's no harm in taking head on the biggest lobbies of the world, but pls not at the cost of your shareholders, if one thinks fossil fuel days are numbered, then he should come out of the fantasy world. We have just peaked the 104MMBD requirement this current year which is envisaged to increase year on year.

I feel, He's simply lucky that China is on his side in the EV's market. Once upon a time, Norway was his considerable market which now is infiltrated by Chinese EV's. The writing is on the wall.

PS - I can't comment on your stock holdings.

Cheers.

Funding Secure
‘As later clarified by Elon, “funding secure” was in fact true. But the tweet was not in compliance with the rules, and later his potential investors backed out to avoid any fallout, and left Elon cold. So he paid the penalties and faced the heat…but he came out much stronger. And so, no in principle he has not cheated anyone. He was simply taken advantage of, due to his premature tweet.


Fossil Fuel days are numbered.
The writing is on the wall. For ICE.

- Customers love their EVs. Once you try one, you know what you’re missing. Once you buy one, you don’t want to touch the other cars. Yes, it is that addictive, albeit in its own weird way!
- Battery tech is improving by leaps and bounds, and Tesla and China are way ahead of the curve and accelerating the demise of ICE
- China and the EV Industry in general is going through a lull due to high EV prices, and over production. But soon enough, price parity and better battery tech will change the tide.

ICE is pretty much over, just a matter a time.

Tesla, the new Goliath
David vs Goliath, no more. Tesla is becoming the new Goliath. If you’re watching closely and are keen enough, you should notice by now the changing tide.

- Tesla Cars. Fastest, Safest, Great UI, most efficient, now relatively affordable.
- Tesla FSD. Autonomy is real, and there’s no going back. Tesla is in the lead by a huge margin and is the safest bet out there. Many will license the tech just like NACS. A trillion dollar SAAS opportunity.
- Tesla NACS. Now Standard across all cars and chargers in USA (maybe the world next?…who knows?). Speaks for itself.
- Tesla Superchargers. The petrol station of the future is Electric! Across the EV charging ecosystem, Tesla superchargers have the Highest reliability ratings, lowest input costs, and are now accessible to every other EV…another trillion dollar opportunity.
- Tesla Model 2 @25k!
- Tesla Robotaxi!!
- Tesla Optimus!!!

Tesla is just getting started!

So simply topup on TSLA, stay put for a few years and cash in. Oh, and do enjoy the wild ride (courtesy Elons tweets).


Elon
Most are ignorant about Tesla, and their first touch point would be some clickbait story by MSM. So I can understand the negativity towards Elon. He’s a maverick, he’s bold, he’s truthful yet misunderstood, but most importantly…he has his heart in the right place. No one is doing better for humanity than he is.

It is unfortunate that he enjoys tweeting way too much for his own good

[SKC-auto]

Originally Posted by evolvo

Elon
Most are ignorant about Tesla, and their first touch point would be some clickbait story by MSM. So I can understand the negativity towards Elon. He’s a maverick, he’s bold, he’s mostly truthful, but most importantly he has his heart in the right place. No one is doing better for humanity than he is.

I prefer Elon over those lying, manipulative and climate change denying oil company CEOs.

Regarding FSD, I am just shocked to see the advancement in V12. Only Tesla can achieve robotaxi, if V12 is behaving so well in the initial few days, imagine how great it performs by August.

Can any other auto driving car do this?

https://youtube.com/watch?v=NxloAweI...mA-7KVPnmGdwWN

[Hume]

Originally Posted by evolvo

he’s truthful yet misunderstood

It is unfortunate that he enjoys tweeting way too much for his own good

Don't know about the misunderstood part - perhaps misquoted, sometimes deliberately. But the tweeting part is quite the understatement - he likes it so much that he ended up buying the blumming thing!

Massive case of foot in the mouth! But that's what he is, impulsive like that - not caring about the repercussions of what he says or the decisions he takes might have for his company, shareholders, the general public or for himself for that matter. But that is also exactly what makes him special in my view.

To this end, one of the earlier posts aptly put something that I wish to re-quote just to acknowledge the poster:

Originally Posted by Contrapunto

In business as in arts, geniuses are mavericks. They dont aim to be a conformist. We have to take the good with the bad with the wierd.

IMO, I think the cynical and increasingly polarising world that we live in today judges him too harshly. He has certainly taken the world forward and if anything, it has become better because of him, or at the very least interesting! Also, I too prefer Elon with his eccentricities over the anti-EV establishment which is far too malicious in nature.

Coming to the topic in hand, agree with Evolvo - too much fuss over nothing, especially over this constant wave of unfounded articles disseminating misinformation.
Let's just take it from the horse's mouth and call it a day shall we. And if it ever were to be truly canceled, I'm sure he won't be able to resist but tweet about it!

[extreme_torque]

Originally Posted by SmartCat

In large innovation/R&D driven companies like Tesla, people & processes that Musk has put in place will ensure that the company will thrive even if he decides to quit Tesla.

How many thought Apple is likely to stagnate or fade away after Steve Jobs death (year 2011)?

I guess the difference is, Elon is also the chief engineer at SpaceX and Tesla, not just a visionary like Jobs. Tesla does seem to be modelled just like Apple - fully vertically integrated, attention to detail, best in class products but unlike Apple, Tesla is a manufacturing powerhouse as well.

Having heard Elon in numerous interviews and long form podcasts, it would be very hard for a typical CEO to come in and run the companies as well as he does.

[SmartCat]

Originally Posted by extreme_torque

Elon is also the chief engineer at SpaceX and Tesla, not just a visionary like Jobs.

Sure, there are differences but there are similarities too

1) Engineering innovation is far easier to "process-ify" and "institutionalize". After all, American universities regularly come up with solutions for engineering problems. Companies like 3M and defence corporations like Lockheed Martin are best-in-class innovation/R&D driven companies. Even companies like BYD/other Chinese companies are moving up the ladder, all without a well-known famous inventor.

2) Stock market rewards revenues & profits rather than best-in-class technology (and one does not always follow the other). It is quite possible that somebody like Steve Jobs would have shot down ideas like Apple Ear Buds or Apple Watch. Similarly, it is very likely that Elon Musk too is shooting down revenue/profit generating ideas within Tesla right now. Giants like Jobs/Musk have a large say in the direction of company, despite having a relatively small shareholding.

3) Stock market participants will not assign $1 trillion marketcap to a company, if it is dependent on just one individual. Tesla is valued because of its people & processes that will continue to churn out products XX years down the line. If you are suggesting that Tesla stock will crash & never recover after Musk, then you are actually suggesting that Musk is a poor/bad entrepreneur (because it is Musk's responsibility to ensure company is on track even after he leaves).

[extreme_torque]

Originally Posted by SmartCat

1) Engineering innovation is far easier to "process-ify" and "institutionalize". After all, American universities regularly come up with solutions for engineering problems. Companies like 3M and defence corporations like Lockheed Martin are best-in-class innovation/R&D driven companies. Even companies like BYD/other Chinese companies are moving up the ladder, all without a well-known famous inventor.

I am not sure if that is the case though. The innovation that you are talking about is incremental not disruptive. For example - Why didn't anyone else think of landing rockets before SpaceX actually did it? Or casting front and rear end of the car like Tesla making it once piece instead of hundreds of pieces welded together? Or using purely vision for self driving when literally everyone else is using lidar and a gazillion other sensors? It is Elon who is making all of these calls and at great risk because they could have backfired as easily. There are many more such examples that I can give.

Originally Posted by SmartCat

2) Stock market rewards revenues & profits rather than best-in-class technology (and one does not always follow the other). It is quite possible that somebody like Steve Jobs would have shot down ideas like Apple Ear Buds or Apple Watch. Similarly, it is very likely that Elon Musk too is shooting down revenue/profit generating ideas within Tesla right now. Giants like Jobs/Musk have a large say in the direction of company, despite having a relatively small shareholding.

It is a lot of conjecture. We dont know what Steve Jobs would have done to be honest. Tesla is one of the most profitable car company on the planet growing their sales 50% YOY for past half a decade or so and perhaps the only true EV company making any profit. Look at Lucid and Rivian or the legacy car makers which still loose a lot of money on every car sold.

Originally Posted by SmartCat

3) Stock market participants will not assign $1 trillion marketcap to a company, if it is dependent on just one individual. Tesla is valued because of its people & processes that will continue to churn out products XX years down the line. If you are suggesting that Tesla stock will crash & never recover after Musk, then you are actually suggesting that Musk is a poor/bad entrepreneur (because it is Musk's responsibility to ensure company is on track even after he leaves).

Many individuals in the stock market primarily rely on stock price graphs rather than considering the actions and long-term prospects of the company itself. This is evident in how frequently investment banks alter their stock price targets, even when there are no significant changes in the company's fundamentals, such as with Tesla. The limited number of successful investors in the stock market reflects this tendency.

Furthermore, I am not suggesting that Tesla will crash and burn after Elon Musk's departure. However, as an investor, I believe that Tesla has not yet reached a stage where it can operate in autopilot (pun intended). In my opinion, there is still progress to be made, particularly until the full self-driving (FSD) feature is launched.

[vamsi.kona]

Given that it has been clarified in this thread itself that the article by Reuters wasn't correct and denied by Tesla, it would be wrong on our part as a popular forum to still carry the headline. While the clarification is visible once we click the thread, in the hot threads section, it is still the original headline that is visible, which actually is misleading. So, request mods to change the same.

[Contrapunto]

https://www.youtube.com/watch?v=4HXeov6oERk

Well this is from the latest Tesla analyst session - the last word on the "budget Tesla" has not yet been written. This will be an interesting space to watch.

[volkman10]

Tesla to boost production with existing factories, new investments in India and Mexico on hold.

Tesla will develop "affordable" cars using the existing platform. The cars under discussion will likely cost more than the earlier set $25k price.

it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term.

Investors cheered the decision not to take the risks of building new models in new factories, with Tesla shares jumping 12% in after-hour trading despite the company's quarterly results missing financial targets.

Link:

[volkman10]

Where is Tesla heading to?

Shifts focus to A.I. and robotics.

Tesla retreats from next generation ‘gigacasting’ manufacturing process.

Tesla wanted to make its entire vehicle underbody with just one casting, but reports indicate that it has given up on that effort.

Tesla's reported retreat from its ambitious gigacasting plans comes amid what's seen as a large-scale strategy shift for the company. It slashed 10 percent of its workforce a month ago, and then axed its entire Supercharging team on Tuesday. CEO Elon Musk seems bored of the car industry and laser-focused on A.I. and robotics.

Link: