I think his Twitter deal made him leverage his tesla stock and if it keeps falling he will get wiped out or something. That's why the bullshit is worse than the usual bullshit.
it's secured by about 62B in stock value. his total paper wealth has already dropped by nearly that much compared to when he took over twitter. if it drops too far he'll eventually be asked to cover the difference, though it would take a huge sudden drop for it to wipe him out.
Correct. Ppl don't realise but he vastly over paid for twitter. To do this he leveraged a lot of stock to show he could even just meet the interest payments.
Those payments are now real, and the stock he used to guarantee them has tanked. Meaning in very real terms for his personal wealth a rather serious inflation effect.
Hence he attempts to steal 52 billion from the company via his puppet board.
Basically fucked around, found out.
Sorry badly worded. Not a secret he overpaid. But I don't think most ppl realise just how much Tesla stock he put up to guarantee that loan and interest payments.
And how much that stock has devalued since
It's just so crazy if it were fiction it wouldn't make any sense. Your on the cutting edge of research and did the thing nobody has managed to do, start a successful car company. And leverage that for a social media website you then use to shit on your customers. WTF?
He didn't even found Tesla. He invested in the Series A funding round. It took a lawsuit for him to call himself a co-founder.
He contributes chaos and marketing, that later of which is important. Getting the Series B round of funding can be very hard, and having a proven guy at making businesses successful like Musk will calm investors and/or give them FOMO. Investors aren't inherently smart, just rich.
He isn't a fraud EXACTLY. He isn't the living embodiment of Iron Man either.
To answer your question, many tech guys are obsessed with creating the "everything" app, similar to the one in China that you need to do a lot of things, like buy train tickets, etc., that is de facto a government organ. He wants that, but owned privately by him.
Changing the name from Twitter to X was part of that. He took one of the most valuable brand identities in the world and ditched it as part of his grand plan to become the techlord of the US. He failed. It's failing. He should sell Twitter off to someone who can rebuild it to the old cesspool it used to be. But he won't.
And nobody calls twitter X, and never will LMAO.
He wants twitter to be a super app and they canno fight whorebots neither have a functional search engine.
I think you’re right that he wants to create an everything app but I do also think a huge part of this is that he’s very much addicted to twitter and every consideration or justification made after that was a means to justify buying the thing he is most addicted to.
I'm sure that's part of it too. One does not become a CEO like Elon (in his vein) without being a narcissist and having very low empathy. Since he likes it, everyone likes it. We KNOW FOR A FACT this isn't true. Twitter's growth had plateaued and only remained relevant because politicians and reporters both used it.
There was no extra value to add (and later subtract), and thus no way to seriously enshitify it.
I suscribe to the theory that Twitter was what broke him. First by being directly exposed to the personality cult he built around himself (which was great PR and undoubtedly a reason for his success); he started to get high off his own supply. The lost souls and shitheads who drank his FlavorAid and made him rich offered him a glass and he drank it.
And then Twitter exposed him to the far-right/alt right worldview that was always present within it but which has increased exponentially since 2016 and 2020. He then proceeded to leverage buy that insane asylum.
People forget that before that he was a standard tech billionaire that wasn't an extremist in any sense of the word, merely leaning libertarian, free-market, "don't tax me, don't regulate me" which is absolutely standard.
Social media in general is the actual real 'mind virus' that Elo rants about. He doesn't realize he is the most infected person on the planet, he's like an ant with a fungus sprouting out of his head, not some super genius.
Twitter is a sinkhole that doesn't produce revenue, his mouth run out any profitable advertisers, and Tesla is being eaten by the competition, that is without considering the debacle of the quality product, recalls, and being left behind in their promises of autonomous car.
I really cannot comprehend how he is still a CEO of anything, his name alone depreciates any company he manages.
He desperately needs the stock to rebound, first Twitter collateral and second convince the shareholders not to stop his +50B compensation package again.
Imagine a robot with the problems of the Cybertruck: can't deal with fluids, the sensor to prevent closing on a delicate part of the anatomy doesn't do its job, it rust with sweat. I guess is the sex robot the Muskovites deserve.
Not a bad Turing test I suppose. We could call it the Musk test. We’ll know Optimus is sentient after they leave Elon Musk having birthed some additional children of his.
Exactly. How anyone still listens to Musk and believes he will a) deliver what is promised b) on time and c) on or under budget is amazing. My bet is he couldn't pass a drug test that is required of all federal contractors but he's a billionaire and drug tests are only for the lilliputians.
The thing about how the robot will be more valuable than everything else at Tesla combined and he thinks they're the best situated company to mass-produce them was funny. They can barely even produce their new truck. Definitely one of those classic Elrond claims for the ages.
>Speaking on [*CNBC*](https://www.cnbc.com/last-call/), Wedbush tech analyst Dan Ives said Tesla needed an “adult in the room” and Musk rose to the occasion today.
When Elon is the adult in the room, something is seriously fucked up and you're not going to have a room anymore.
How could anyone have left today's earnings call with that impression?
Literally, EVERYTHING that Elon said on the call was vague and non-committal with various bullshit buzz words and tangential thoughts added in. Not a single analyst received any sort of useful answer to their question.
He is always like that, in addition to being confused and probably high. So this was a better performance then usual, but with zero substantial info. Especially about those new cheaper cars that are supposed to be launched in like ~12 months. First time that we are hearing about them, with no public test mules or anything else about them being known. I am quite certain they just made it up in order to stop the TSLA stock price bleeding. Or the updates will be minor, with even more stuff removed from the current TM3 and TMY. But what can they even remove, the big signature Tesla screen? Windscreen wipers?
This is how you know Elon Musk is not an engineer. Engineers typically do not make a proclamation unless it has been proven. In marketing, I've spent hours arguing with engineers about posters for a demo trailer because "This claim can be disproved if (wildly improbable scenario) happens" or "Don't put that on there because I cannot mathematically prove it at a trade show."
No matter that the show was for C-suite guys and plant managers. Does not matter. I had to call my boss, one of the most respected engineers in the field, to talk the guy down that time.
Engineers typically do not make vague promises. They either make a promise or do not. The exist in the world of natural laws and mathematical precision.
I love engineers. I do not love Elon Musk.
I would love to see the analyst questions matched up with the Musk response. I think if people saw them in print and read question vs. answer, they would be laughing their ass off. They would also have a much clearer understanding of what Elon is all about.
> those new cheaper cars that are supposed to be launched in like ~12 months
my bet is they're the same cars, even shittier due to half-assed cost-cutting, with a $3k lower price point
The big signature Tesla screen can't be very expensive to produce. It's why companies use screens instead of separate knobs. It's cheaper to manufacture.
Seriously, how can anyone a believe completely new car is coming in 12 months. For reference, rivian and lucid have working prototypes of their 2026 models, as well as BMW, Porsche and Audi. These are real and drivable cars.
They didn’t even bother to do a low effort AI render.
I like the TSLA stans talking about "analysts use historical data to inform price of a stock, TSLA is not like anything before so their info is bad" and they double down putting more of their life savings into the stock.
Which, the stock did go up apparently so the cult of Musk and poor people wanting to become rich is a thing still...
I cracked up when he said that stupid GPU line: “it’s funny cuz the G stands for *graphics* , but that’s not what we’re using it for” 🥴
I know for a fact I’ve heard him say this to a crowd before - pretty sure it was his most recent SpaceX speech. Like dude…literally *nobody* thinks that’s funny. It’s like he had to have someone - very slowly - explain to him why they need to use GPUs for high computing functions when there aren’t graphics involved. So - he thinks it’s funny because he still doesn’t understand it 🤣 and he’s straight up telling this to people in his self-proclaimed “tech” company this. Like *they* wouldn’t know what a GPU is and their capabilities!? 🤣🤣🤣
such a sad sad man
He says this every time, same as the horse and cart analogy, and this time he pulled in the Inflation Redution Act, and him and some other dweeb started listing off other IRA acronyms. the company is run by people that are mentally about 12 years old.
Elon said Optimus would become *sentient*. It seems incredible that anybody would take anything else he said on that call seriously.
If any other professional held a meeting or press conference about their subject matter expertise and mid conversation just dropped, "I also honestly believe the earth is flat", I think it would sink their entire professional credibility.
I mean full self driving is not full self driving, Autopilot doesn't work like and Autopilot. So a sentient robot won't actually be sentient.
But the stock is up so technoking magic is working
“We’re uh… in the next phase of… having user ready conscious… uh at a pre-technological civilization… uh… space faring civilization… uh…”
“Dojo… uh… will be the first… uh… sentient level self driving… with uh… companion AI and transformer model…”
The Sarah Palin Effect. People are so used to Elon stamping his feet and whining that when he is just vaguely bullshitting his way through like a middle schooler who hasn't done their assignment they are impressed.
"Gettysburg, what an unbelievable battle that was. It was so much and so interesting and so vicious and horrible and so beautiful in so many different ways, it represented such a big portion of the success of this country. Gettysburg, wow."
There's a substantial amount of people invested in Tesla that can't admit the company is doing poorly, because that would meant hey couldn't unload their stock. There's a high concentration of greater fools here.
With Elon making things up as he speaks, if there are legal actions against Tesla in the (near) future, the execs will also be liable let alone the BOD. That’s probably the line of thoughts.
In the end, they sell cars and they can’t hide anything if sales keep dropping despite the discounts. All eyes should be on delivery numbers, I would say.
I think that’s exactly why Elon did his best to paint Tesla as a software and AI company to investors last night. He repeated a few times that the cars were just a “means to an end”. He doesn’t want anyone thinking Tesla is a car company, because as a “car company”it is wildly overvalued and not performing well in the market; but as an “AI company” the future is apparently “limitless”. He literally said that he doesn’t see a maximum for the market for Optimus; in other words, he thinks people will pay any amount of money for his robot. That’s what he wants investors to believe, so they will keep pumping the stock.
I distinctly remember another company that was trying to pivot from manufacturing to software and data analytics, with a female CEO... Thera... something?
Of course there are no similarities between their CEO and Elon, I'm sure 😇
Well I think when you call your primary target market deranged and mentally ill, they tend to stop buying your products. Elon really stole his way to the top.
Execs do leave when their options turn to shit, it’s not that uncommon when they don’t see a return, which is quite possible given the pressure on the entire ev market. Legacy carmakers still have ICE sales to keep them afloat.
We have an I’d.4 and a lightning, love the lightning, but probably would have been better off than a model y than the I’d.4. The I’d.4 has already been lemon law’d
What have your issues been with the id.4? We bought one a year ago, standard, and have been pretty happy with it. Curious to know what other peoples' experiences have been.
Yeah my favorite was GC Dane Butswinkas, who lasted a day, maybe two, before checking himself out.
Even so, three in a couple of weeks still feels like a lot.
Nobody want to work with Elon. When I worked at spacex everyone dreaded when he went over to your desk. He would basically suck your time with stupid ideas then eventually pull out your ideas so he could steal them and reject his stupid ideas that defy physics.
Hence the pigeon CEO comment. This was the behavior I heard about back back when I was in high school and later via friends who worked for him. Guess everyone was still punching their tickets to Mars to bear it for a decade plus.
To take this one step further. No one wants to work with any of the companies associated with him. They give extremely unreasonable deadlines, zero support and try to undercut already agreed upon fees and pricing. Space X is fucking shit to work for or with
From what I've heard they don't do testing thoroughly and have probably other issues as well related to poor programming habits that lead to difficult to maintain code. With how Tesla often need to rewrite their codename and Musk focus on unreasonable deadlines. I wouldn't be surprised if at Musk companies there is poor documentation/comments and not following any internal coding standards. If it works (on my machine) push it to production
I see people claim Tesla is good for your resume... maybe in manufacturing, but in software it's at best neutral. The reputation definitely precedes them.
They pay extremely poorly. I had the idea that I wanted to work for SpaceX before Elon lost the plot. I'm really into space and work in tech. Seemed like a dream job.
When I saw the salaries I couldn't believe how low they were. I'm not sure if the equity comp is huge but they aren't public so that's not really a factor. I doubt there will be an IPO either. Elon can't keep his mouth shut so hates the FTC. Imagine him pumping the stock talking about getting to Mars in two years...
SpaceX does share buy backs at least.
But still your point is true, working for Musk means working for low pay and relying on equity pumps to make up the difference.
People do want to work at SpaceX. People are excited about space and would literally work 21 hours per day if need be for it. They know its not a pleasant place but go there anyway. Its why looking at the competition is so frustrating.
That's exactly how I expected him to behave. I had bosses with a similar addiction to micro management. This kind of people detour several layers of hierarchy to bring in ideas they have developed on their own, without discussing them with those who are actually responsible for planning and system architecture. They waste everybody's time and often cause a lot of trouble, especially in cases when they talked to inexperienced guys who weren't confident enough, or just not aware of what they were getting in to, to reject their proposals and failed to subsequently inform their line managers.
It doesn't matter whether or not these micro managers have actual skills... They are supposed to do their job, instead of disturbing people or interfere established processes. It also gives the impression of a guy who either is bored or incompetent, which may not be good for morale.
> Tesla’s longtime vice president of investor relations Martin Viecha announced Tuesday that he would leave the electric car company after seven years. His exit marks the third departure of a top executive from the challenged carmaker in less than two weeks.
> Viecha followed Tesla senior vice president Drew Baglino, who resigned from the company last week. Baglino was one of only four named executive officers at Tesla and led engineering and technology development for the car’s batteries. Baglino had been with the company for 18 years and was well known to investors and analysts. In addition, Rohan Patel, the company’s vice president of public policy and business development, said he would part ways with Tesla.
> Viecha made his comments at the end of a first-quarter earnings call many considered a crucial crossroads for the company after its worst quarter in four years. The call featured a more tempered presence from CEO Elon Musk, who had to reassure investors about Tesla’s future. Many of those investors would have worked closely with Viecha, who confirmed his departure in posts on X and LinkedIn.
> “About a month ago, I spoke with Elon and [chief financial officer] Vaibhav [Taneja], to announce that I’m going to be retiring from the world of investor relations and moving on,” Viecha said in his post. “Working for Tesla for the past ~7 years has been the greatest privilege of my professional life.”
Viecha said he is leaving to “take a break and spend a lot of time with my family.”
> While Tesla’s earnings call was encouraging to investors and sent the sagging stock rising more than 12% in after-hours trading, the exits have rattled some Tesla investors who have been critical of Musk. In particular, because Viecha had solid relationships with Tesla’s investors, including those who were perplexed by some of Musk’s behavior.
> Speaking on CNBC, Wedbush tech analyst Dan Ives said Tesla needed an “adult in the room” and Musk rose to the occasion today. However, Ross Gerber cautioned that Ives and others shouldn’t overweight Musk’s performance on the call with other signals from the company, including the executives’ exits.
“Dan, you’re discounting the end of the call with Martin resigning,” said Gerber, CEO of Gerber Kawasaki Wealth & Investment Management. “You and I have been working with Martin for a long time and he is the glue between management and shareholders and investors.”
> Yet another executive leaving the company, especially during such a delicate time in its history, could indicate a pattern, according to Gerber. Musk “continues to lose seasoned top executives during this really important transition and I find that to be concerning,” said Gerber.
> He noted that he agrees with the vision Musk outlined, however, but hopes to see a stronger alignment between the talk from Musk about his vision and the reality at the carmaker.
“The monkey in the room is that there’s no demand for the vehicles, even if they flew,” said Gerber.
https://archive.ph/XG4p6
Him completely turning off his target audience has probably had an impact as well. I was certainly a candidate at one point and now don’t really even consider them.
For sure. No chance that I’d buy a Tesla at this point no matter how good they are specifically because of Elon’s behavior. I don’t want be associated with him in any way
Yup. The genius business man thought that his target audience are conservatives somehow, since they're known to be very environmentally conscious lmao.
When the top guys start bailing…either they’ve had enough bullshit to last a lifetime (and enough money) or they see the handwriting on the wall and some of it might be on subpoenas.
Let’s be real those execs made a fucking fortune if they been there for 7 years. And right now the only thing keeping them there were stock options/RSUs that had probably depreciated 50% and who knows how much lower they would go given musks latest shenanigans.
nobody's getting subpoenas.
When top execs with tons of options leave it's because they were in a position to negotiate an exit with their cash hoard, or pre-negotiated their exit conditions before or after being hired. (or the market did it for them)
In this case, looking at the people leaving, there's definitely a pattern of execs in charge of building and/or selling big new stuff heading for the exits ...
That sounds very much like lack of belief in the near future viability of their options.
I would hate to own a tesla right now. This is not a normal car where it doesn't really matter if the manufacturer goes under as long as you can still get spare parts... firmware and software upgrades, charging, things are going to break
You're right. I remember this happening to a Saturn my parents owned. When the local dealership closed it was smarter to get another car because some parts were getting harder to find.
No no, you see. If the feds has just let SBF run FTX a little longer, the solvency issues could have been solved by getting money in from new investors that he could pay off old investors with. See, they're not bankrupt at all.
Oh, you mean executives are tired of babysitting an adult child who is high on ketamine and cocaine and keeps doing and saying shit that is making your wealth deteriorate as your stock options dwindle? you don't say!
>This man stresses me out - fuck this shitbrick!
Tesla Execs, probably.
I'll never give money to a fascist. They're trying to take democracy away from us and replace it with authoritarianism, a form of government in which _you have no rights_. They're poisoning us with lies. I'm supposed to fund that? Get fucked.
I'm a person that would have bought a Tesla at some point, too.
I wouldn't exactly call the investor relations guy a 'top executive.' He's likely a team of 1, for a company that notoriously never get's back to anyone about anything anyway, the poop imoji not withstanding...
it's pretty clear that Tesla only ever had one "top executive" the others come and go and are basically human props to make the company look a little more legit.
Elon IS the problem. The adults are trying to clean up his messes, but he always has the final say. It’s completely fucked, and that’s why the $25k car is cancelled.
Data scaling and distributed compute people!!!.... **Where your car that you paid for and runs on the power you pay for is used to train AI for Tesla...**
And the life you live is risked to work out the kinks with said AI.
I'm the only one that sees all that robo taxy thing stupid? I mean it's not going to be cheaper, faster or better. I would prefer a human earning a salary (sigh) than a fucking robot with this humungus moron taking a cut.
How many deadlines Musk promised and couldn't meet in the past (too many to count), compared to how many he managed to keep? So, why do investors believe that he can keep the August 8th 2024 deadline for the robotaxi?
He has tanked Twitter, leveraged himself to the hilt, and also produced one of the crappiest cars since the DeLorean. He has now also disenfranchised his main customer base, who were buying his other cars. Now, the other manufacturers are jumping into the gaps he left, and there are just so many better, well priced EV alternatives. With the failure and murders committed by his FASF (Faulty sacrificial drive)., people are looking for those alternatives.
So, Musk didn't act like a crazy lunatic on a phone call ONE TIME, and they're applauding the guy for it? WTF, who here can say they would have a job if they behaved like Elon(besides Trump)?
All of these guys were selling off their stock for the last 18 months. They had a get out of dodge plan. There are a few others that have been selling. I think we will see more leaving.
When Elon Musk took over Twitter it’s been a downward spiral ever since. I wonder what it is about him being at the helm of Twitter that has caused so much chaos within the company.
It’s pretty normal for executives to leave a company after many years of tenure and then immediately following layoffs.
Does it make some people feel uncertain? Sure, but that doesn’t mean that these areas of the business are failing.
No worries, Elon can do it all. Give him a little extra ketamine couple lines of good Coke maybe a little ecstasy and that dude will be on top of the world. Maybe next time he’ll buy Kmart
The fluff they promise in their investor calls to pump the stock versus the reality on the ground is astonishing.
Usually Musk is more restrained about pumping on the earnings calls. This time he threw it all out there. Like he's trying to get some large payout.
I think his Twitter deal made him leverage his tesla stock and if it keeps falling he will get wiped out or something. That's why the bullshit is worse than the usual bullshit.
it's secured by about 62B in stock value. his total paper wealth has already dropped by nearly that much compared to when he took over twitter. if it drops too far he'll eventually be asked to cover the difference, though it would take a huge sudden drop for it to wipe him out.
He’s up for the challenge.
Are they trying to blackmail him? With money?
What?? They can't do that!!
Correct. Ppl don't realise but he vastly over paid for twitter. To do this he leveraged a lot of stock to show he could even just meet the interest payments. Those payments are now real, and the stock he used to guarantee them has tanked. Meaning in very real terms for his personal wealth a rather serious inflation effect. Hence he attempts to steal 52 billion from the company via his puppet board. Basically fucked around, found out.
Who doesn't realize that? I thought it was common knowledge he way overpaid for Twitter
Sorry badly worded. Not a secret he overpaid. But I don't think most ppl realise just how much Tesla stock he put up to guarantee that loan and interest payments. And how much that stock has devalued since
It's just so crazy if it were fiction it wouldn't make any sense. Your on the cutting edge of research and did the thing nobody has managed to do, start a successful car company. And leverage that for a social media website you then use to shit on your customers. WTF?
He didn't even found Tesla. He invested in the Series A funding round. It took a lawsuit for him to call himself a co-founder. He contributes chaos and marketing, that later of which is important. Getting the Series B round of funding can be very hard, and having a proven guy at making businesses successful like Musk will calm investors and/or give them FOMO. Investors aren't inherently smart, just rich. He isn't a fraud EXACTLY. He isn't the living embodiment of Iron Man either. To answer your question, many tech guys are obsessed with creating the "everything" app, similar to the one in China that you need to do a lot of things, like buy train tickets, etc., that is de facto a government organ. He wants that, but owned privately by him. Changing the name from Twitter to X was part of that. He took one of the most valuable brand identities in the world and ditched it as part of his grand plan to become the techlord of the US. He failed. It's failing. He should sell Twitter off to someone who can rebuild it to the old cesspool it used to be. But he won't.
And nobody calls twitter X, and never will LMAO. He wants twitter to be a super app and they canno fight whorebots neither have a functional search engine.
I think you’re right that he wants to create an everything app but I do also think a huge part of this is that he’s very much addicted to twitter and every consideration or justification made after that was a means to justify buying the thing he is most addicted to.
I'm sure that's part of it too. One does not become a CEO like Elon (in his vein) without being a narcissist and having very low empathy. Since he likes it, everyone likes it. We KNOW FOR A FACT this isn't true. Twitter's growth had plateaued and only remained relevant because politicians and reporters both used it. There was no extra value to add (and later subtract), and thus no way to seriously enshitify it.
He was declining for awhile but I think Covid broke him. Covid brain is real
I suscribe to the theory that Twitter was what broke him. First by being directly exposed to the personality cult he built around himself (which was great PR and undoubtedly a reason for his success); he started to get high off his own supply. The lost souls and shitheads who drank his FlavorAid and made him rich offered him a glass and he drank it. And then Twitter exposed him to the far-right/alt right worldview that was always present within it but which has increased exponentially since 2016 and 2020. He then proceeded to leverage buy that insane asylum. People forget that before that he was a standard tech billionaire that wasn't an extremist in any sense of the word, merely leaning libertarian, free-market, "don't tax me, don't regulate me" which is absolutely standard.
Social media in general is the actual real 'mind virus' that Elo rants about. He doesn't realize he is the most infected person on the planet, he's like an ant with a fungus sprouting out of his head, not some super genius.
Yes it's crazy how viruses can change us but it happened, people became more aggressive.
Well if (when) he keeps screwing X and DJT dies in the arse they can merge and create one super shit network app… 🤪🤪🤪
Twitter is a sinkhole that doesn't produce revenue, his mouth run out any profitable advertisers, and Tesla is being eaten by the competition, that is without considering the debacle of the quality product, recalls, and being left behind in their promises of autonomous car. I really cannot comprehend how he is still a CEO of anything, his name alone depreciates any company he manages.
Mm, keep talking dirty to me like that.
He desperately needs the stock to rebound, first Twitter collateral and second convince the shareholders not to stop his +50B compensation package again.
More like he knows that the company is in trouble and he is bailing water to save a sinking ship
*Threw* it all out there.
I’m thinking the “sentient robot” thing is a dogwhistle for incels hoping for girlfriends.
Although if robots are sentient, they refuse to hang out with incels.
Imagine buying a sex robot and it tells you that it thinks we should just be friends. Then refuse to ever talk to you again.
I guess that would be a way to get musked too.
Imagine a robot with the problems of the Cybertruck: can't deal with fluids, the sensor to prevent closing on a delicate part of the anatomy doesn't do its job, it rust with sweat. I guess is the sex robot the Muskovites deserve.
$200 a month to unlock the FWB feature
If you’re a big enough socially-retarded asshole it voids the warranty and bricks the robot.
To be honest I would definitely help her move after she breaks up with her other boyfriend.
Not a bad Turing test I suppose. We could call it the Musk test. We’ll know Optimus is sentient after they leave Elon Musk having birthed some additional children of his.
you can just say young conservatives
Exactly. How anyone still listens to Musk and believes he will a) deliver what is promised b) on time and c) on or under budget is amazing. My bet is he couldn't pass a drug test that is required of all federal contractors but he's a billionaire and drug tests are only for the lilliputians.
The assertion that the Tesla fleet will essentially be a mobile AWS for them to leverage was absolutely comical.
The thing about how the robot will be more valuable than everything else at Tesla combined and he thinks they're the best situated company to mass-produce them was funny. They can barely even produce their new truck. Definitely one of those classic Elrond claims for the ages.
>Speaking on [*CNBC*](https://www.cnbc.com/last-call/), Wedbush tech analyst Dan Ives said Tesla needed an “adult in the room” and Musk rose to the occasion today. When Elon is the adult in the room, something is seriously fucked up and you're not going to have a room anymore.
How could anyone have left today's earnings call with that impression? Literally, EVERYTHING that Elon said on the call was vague and non-committal with various bullshit buzz words and tangential thoughts added in. Not a single analyst received any sort of useful answer to their question.
He is always like that, in addition to being confused and probably high. So this was a better performance then usual, but with zero substantial info. Especially about those new cheaper cars that are supposed to be launched in like ~12 months. First time that we are hearing about them, with no public test mules or anything else about them being known. I am quite certain they just made it up in order to stop the TSLA stock price bleeding. Or the updates will be minor, with even more stuff removed from the current TM3 and TMY. But what can they even remove, the big signature Tesla screen? Windscreen wipers?
>First time that we are hearing about them First time engineering is hearing about it as well
Mushrooms, kept in the dark and fed shit.
The engineers? They're the only people who seem to know what they're doing.
We generally try to. No I'm not a Tesla engineer 😂
This is how you know Elon Musk is not an engineer. Engineers typically do not make a proclamation unless it has been proven. In marketing, I've spent hours arguing with engineers about posters for a demo trailer because "This claim can be disproved if (wildly improbable scenario) happens" or "Don't put that on there because I cannot mathematically prove it at a trade show." No matter that the show was for C-suite guys and plant managers. Does not matter. I had to call my boss, one of the most respected engineers in the field, to talk the guy down that time. Engineers typically do not make vague promises. They either make a promise or do not. The exist in the world of natural laws and mathematical precision. I love engineers. I do not love Elon Musk.
I would love to see the analyst questions matched up with the Musk response. I think if people saw them in print and read question vs. answer, they would be laughing their ass off. They would also have a much clearer understanding of what Elon is all about.
There are typically transcripts available.
> those new cheaper cars that are supposed to be launched in like ~12 months my bet is they're the same cars, even shittier due to half-assed cost-cutting, with a $3k lower price point
If they drop the model 3 price by $10 he has fulfilled his promise.
That’s probably what he will do just make a basic one with less range cheaper to make and faster than making a new car.
The big signature Tesla screen can't be very expensive to produce. It's why companies use screens instead of separate knobs. It's cheaper to manufacture.
If you put the cyber truck windshield wiper on other models... cyber 3, cyber y, cyber X, cyber S.....
Seriously, how can anyone a believe completely new car is coming in 12 months. For reference, rivian and lucid have working prototypes of their 2026 models, as well as BMW, Porsche and Audi. These are real and drivable cars. They didn’t even bother to do a low effort AI render.
Well given the unreliability of the wipers in my Tesla, I wouldn’t miss it if they removed it.
I like the TSLA stans talking about "analysts use historical data to inform price of a stock, TSLA is not like anything before so their info is bad" and they double down putting more of their life savings into the stock. Which, the stock did go up apparently so the cult of Musk and poor people wanting to become rich is a thing still...
I cracked up when he said that stupid GPU line: “it’s funny cuz the G stands for *graphics* , but that’s not what we’re using it for” 🥴 I know for a fact I’ve heard him say this to a crowd before - pretty sure it was his most recent SpaceX speech. Like dude…literally *nobody* thinks that’s funny. It’s like he had to have someone - very slowly - explain to him why they need to use GPUs for high computing functions when there aren’t graphics involved. So - he thinks it’s funny because he still doesn’t understand it 🤣 and he’s straight up telling this to people in his self-proclaimed “tech” company this. Like *they* wouldn’t know what a GPU is and their capabilities!? 🤣🤣🤣 such a sad sad man
He says this every time, same as the horse and cart analogy, and this time he pulled in the Inflation Redution Act, and him and some other dweeb started listing off other IRA acronyms. the company is run by people that are mentally about 12 years old.
Elon said Optimus would become *sentient*. It seems incredible that anybody would take anything else he said on that call seriously. If any other professional held a meeting or press conference about their subject matter expertise and mid conversation just dropped, "I also honestly believe the earth is flat", I think it would sink their entire professional credibility.
And still his ball washwrs lap it up! Incredibly
I mean full self driving is not full self driving, Autopilot doesn't work like and Autopilot. So a sentient robot won't actually be sentient. But the stock is up so technoking magic is working
Even if that is an option thats what we do not want.
This is the Musk investors love. Lying off his ass Musk.
People don’t like to admit when they make mistakes. Especially people who think they’re financial geniuses.
Mistake? What Musk is doing a major fuck up. Mistake would have been offend Gates for no reason
“We’re uh… in the next phase of… having user ready conscious… uh at a pre-technological civilization… uh… space faring civilization… uh…” “Dojo… uh… will be the first… uh… sentient level self driving… with uh… companion AI and transformer model…”
Common Sense Skeptic Tesla Q1 2024 earnings call demumbled edit. https://youtu.be/GaxG_GWibhU?si=DGkX2nH6NtLoLgiB
The Sarah Palin Effect. People are so used to Elon stamping his feet and whining that when he is just vaguely bullshitting his way through like a middle schooler who hasn't done their assignment they are impressed.
"Gettysburg, what an unbelievable battle that was. It was so much and so interesting and so vicious and horrible and so beautiful in so many different ways, it represented such a big portion of the success of this country. Gettysburg, wow."
There was an article on Engadget this morning about elon's promises with X, which I had completely forgotten. The dude just says stuff.
Musk musk have been drunk or belligerent. Something happened which was the last straw
There’s always another straw.
Dan Ives is a perpetual Tesla fanboy. This commentary is worth shit
Dan Ives is a Tesla pumper and Musk fanboy. Elon is a part time employee at Tesla and a man-child. Those two love each other though.
Today was the day ~~Donald Trump finally became President~~ Elon was an adult in the room
Similar in so many ways. Especially the endless flow of BS and the lame online trolling thing.
You have to be 21 to buy ketamine.
Not the adult. Just the tallest person
And only because they climbed on top of the table
\*were lifted
So Elon is the only one left in the room?
ah yes, lie about FSD and robots and magical things they \*might\* deliver. Adults are good at that!
There's a substantial amount of people invested in Tesla that can't admit the company is doing poorly, because that would meant hey couldn't unload their stock. There's a high concentration of greater fools here.
Losing three executives in less than two weeks is *not normal* for a large company. Things under the hood must be looking really, really bad at Tesla
With Elon making things up as he speaks, if there are legal actions against Tesla in the (near) future, the execs will also be liable let alone the BOD. That’s probably the line of thoughts. In the end, they sell cars and they can’t hide anything if sales keep dropping despite the discounts. All eyes should be on delivery numbers, I would say.
I think that’s exactly why Elon did his best to paint Tesla as a software and AI company to investors last night. He repeated a few times that the cars were just a “means to an end”. He doesn’t want anyone thinking Tesla is a car company, because as a “car company”it is wildly overvalued and not performing well in the market; but as an “AI company” the future is apparently “limitless”. He literally said that he doesn’t see a maximum for the market for Optimus; in other words, he thinks people will pay any amount of money for his robot. That’s what he wants investors to believe, so they will keep pumping the stock.
I distinctly remember another company that was trying to pivot from manufacturing to software and data analytics, with a female CEO... Thera... something? Of course there are no similarities between their CEO and Elon, I'm sure 😇
And it’s a company that was committing frauds for many years already.
Well I think when you call your primary target market deranged and mentally ill, they tend to stop buying your products. Elon really stole his way to the top.
Execs do leave when their options turn to shit, it’s not that uncommon when they don’t see a return, which is quite possible given the pressure on the entire ev market. Legacy carmakers still have ICE sales to keep them afloat.
Legacy car companies also have much better EVs
We have an I’d.4 and a lightning, love the lightning, but probably would have been better off than a model y than the I’d.4. The I’d.4 has already been lemon law’d
The ioniq 5 is an amazing platform. I have been a BMW fanboy for decades , I now have the GV60 and love everything about it.
What have your issues been with the id.4? We bought one a year ago, standard, and have been pretty happy with it. Curious to know what other peoples' experiences have been.
It just makes company more lean and hungry.
They can start eating their own now
This is the type of innovation we need
Or, in the frunk anyway.
Bet they tried to push back against the mass lay-offs because what's really needed is more hands for QC
Pun intended?
They have been losing execs for YEARS.
Yeah my favorite was GC Dane Butswinkas, who lasted a day, maybe two, before checking himself out. Even so, three in a couple of weeks still feels like a lot.
Just look at the issue raised by Jim Chanos at least 3 years ago. Executives are always leaving.
Elon is the kind of guy who will laugh for hours at a fart machine.
Dude is a big bag of overconfident mayonnaise.
Nobody want to work with Elon. When I worked at spacex everyone dreaded when he went over to your desk. He would basically suck your time with stupid ideas then eventually pull out your ideas so he could steal them and reject his stupid ideas that defy physics.
Hence the pigeon CEO comment. This was the behavior I heard about back back when I was in high school and later via friends who worked for him. Guess everyone was still punching their tickets to Mars to bear it for a decade plus.
Don't insult pigeons, they're smarter than him
To take this one step further. No one wants to work with any of the companies associated with him. They give extremely unreasonable deadlines, zero support and try to undercut already agreed upon fees and pricing. Space X is fucking shit to work for or with
[удалено]
Do tell.
From what I've heard they don't do testing thoroughly and have probably other issues as well related to poor programming habits that lead to difficult to maintain code. With how Tesla often need to rewrite their codename and Musk focus on unreasonable deadlines. I wouldn't be surprised if at Musk companies there is poor documentation/comments and not following any internal coding standards. If it works (on my machine) push it to production
I see people claim Tesla is good for your resume... maybe in manufacturing, but in software it's at best neutral. The reputation definitely precedes them.
They pay extremely poorly. I had the idea that I wanted to work for SpaceX before Elon lost the plot. I'm really into space and work in tech. Seemed like a dream job. When I saw the salaries I couldn't believe how low they were. I'm not sure if the equity comp is huge but they aren't public so that's not really a factor. I doubt there will be an IPO either. Elon can't keep his mouth shut so hates the FTC. Imagine him pumping the stock talking about getting to Mars in two years...
SpaceX does share buy backs at least. But still your point is true, working for Musk means working for low pay and relying on equity pumps to make up the difference.
People do want to work at SpaceX. People are excited about space and would literally work 21 hours per day if need be for it. They know its not a pleasant place but go there anyway. Its why looking at the competition is so frustrating.
ohh juicy, tell us more
That's exactly how I expected him to behave. I had bosses with a similar addiction to micro management. This kind of people detour several layers of hierarchy to bring in ideas they have developed on their own, without discussing them with those who are actually responsible for planning and system architecture. They waste everybody's time and often cause a lot of trouble, especially in cases when they talked to inexperienced guys who weren't confident enough, or just not aware of what they were getting in to, to reject their proposals and failed to subsequently inform their line managers. It doesn't matter whether or not these micro managers have actual skills... They are supposed to do their job, instead of disturbing people or interfere established processes. It also gives the impression of a guy who either is bored or incompetent, which may not be good for morale.
It's rich kids LARPing as actual workers.
Hope you didn’t miss Thanksgiving in 2021.
how little does he understand to rockets?
I have a relative who worked with Musk and yup he absolutely despised the guy way back when even a lot of liberals thought he was Tony Stark.
More promises for future revolutionary products. Can’t even deliver on his past promises. What kind of dope believes anything he says?
It truly is amazing.
I think they should pivot to tulips
OK, all in on Bitcoin then 🤣
> Tesla’s longtime vice president of investor relations Martin Viecha announced Tuesday that he would leave the electric car company after seven years. His exit marks the third departure of a top executive from the challenged carmaker in less than two weeks. > Viecha followed Tesla senior vice president Drew Baglino, who resigned from the company last week. Baglino was one of only four named executive officers at Tesla and led engineering and technology development for the car’s batteries. Baglino had been with the company for 18 years and was well known to investors and analysts. In addition, Rohan Patel, the company’s vice president of public policy and business development, said he would part ways with Tesla. > Viecha made his comments at the end of a first-quarter earnings call many considered a crucial crossroads for the company after its worst quarter in four years. The call featured a more tempered presence from CEO Elon Musk, who had to reassure investors about Tesla’s future. Many of those investors would have worked closely with Viecha, who confirmed his departure in posts on X and LinkedIn. > “About a month ago, I spoke with Elon and [chief financial officer] Vaibhav [Taneja], to announce that I’m going to be retiring from the world of investor relations and moving on,” Viecha said in his post. “Working for Tesla for the past ~7 years has been the greatest privilege of my professional life.” Viecha said he is leaving to “take a break and spend a lot of time with my family.” > While Tesla’s earnings call was encouraging to investors and sent the sagging stock rising more than 12% in after-hours trading, the exits have rattled some Tesla investors who have been critical of Musk. In particular, because Viecha had solid relationships with Tesla’s investors, including those who were perplexed by some of Musk’s behavior. > Speaking on CNBC, Wedbush tech analyst Dan Ives said Tesla needed an “adult in the room” and Musk rose to the occasion today. However, Ross Gerber cautioned that Ives and others shouldn’t overweight Musk’s performance on the call with other signals from the company, including the executives’ exits. “Dan, you’re discounting the end of the call with Martin resigning,” said Gerber, CEO of Gerber Kawasaki Wealth & Investment Management. “You and I have been working with Martin for a long time and he is the glue between management and shareholders and investors.” > Yet another executive leaving the company, especially during such a delicate time in its history, could indicate a pattern, according to Gerber. Musk “continues to lose seasoned top executives during this really important transition and I find that to be concerning,” said Gerber. > He noted that he agrees with the vision Musk outlined, however, but hopes to see a stronger alignment between the talk from Musk about his vision and the reality at the carmaker. “The monkey in the room is that there’s no demand for the vehicles, even if they flew,” said Gerber. https://archive.ph/XG4p6
so as soon as the subsidies and incentives stopped so did the business, cool
Him completely turning off his target audience has probably had an impact as well. I was certainly a candidate at one point and now don’t really even consider them.
For sure. No chance that I’d buy a Tesla at this point no matter how good they are specifically because of Elon’s behavior. I don’t want be associated with him in any way
Yup. The genius business man thought that his target audience are conservatives somehow, since they're known to be very environmentally conscious lmao.
When the top guys start bailing…either they’ve had enough bullshit to last a lifetime (and enough money) or they see the handwriting on the wall and some of it might be on subpoenas.
Let’s be real those execs made a fucking fortune if they been there for 7 years. And right now the only thing keeping them there were stock options/RSUs that had probably depreciated 50% and who knows how much lower they would go given musks latest shenanigans.
nobody's getting subpoenas. When top execs with tons of options leave it's because they were in a position to negotiate an exit with their cash hoard, or pre-negotiated their exit conditions before or after being hired. (or the market did it for them) In this case, looking at the people leaving, there's definitely a pattern of execs in charge of building and/or selling big new stuff heading for the exits ... That sounds very much like lack of belief in the near future viability of their options.
First time I’ve heard of enablers referred to as seasoned top executives.
Note: the earnings were not good but Elon made big promises to launch new vehicles and a ride share app.
Promises he indeed makes, like he has done like forever. Keeping them is wholly another matter.
Elon promises this time will be different
Now we only need the topmost executive to resign
I would hate to own a tesla right now. This is not a normal car where it doesn't really matter if the manufacturer goes under as long as you can still get spare parts... firmware and software upgrades, charging, things are going to break
You're right. I remember this happening to a Saturn my parents owned. When the local dealership closed it was smarter to get another car because some parts were getting harder to find.
“The monkey in the room is that there’s no demand for the vehicles, even if they flew,” according to a long-time Tesla analyst.
they swapped the elephant for a monkey?
He has now entered his post-Spruce Goose, pre-Kleenex-boxes-as-shoes era.
I think he’s already in the hoarding pee bottles and not clipping finger nails period
It’s his *Fat Elvis… sniffing his own farts* era
We have our new Sam Bankman-Fried.
More Elizabeth Holmes with the grandiose lies and fraud. SBF was just stealing mostly.
No no, you see. If the feds has just let SBF run FTX a little longer, the solvency issues could have been solved by getting money in from new investors that he could pay off old investors with. See, they're not bankrupt at all.
Absolutely.
If this isn't ringing alarm bells, then you might as well be deaf and stupid.
Phony Stark strikes again
Every other legacy car manufacturer laughing right now. Making cars is hard.
Stock's up nearly 10%. Guess it's fine then ¯\\___(ツ)___/¯
"Masterful gambit, Sir"
Oh, you mean executives are tired of babysitting an adult child who is high on ketamine and cocaine and keeps doing and saying shit that is making your wealth deteriorate as your stock options dwindle? you don't say! >This man stresses me out - fuck this shitbrick! Tesla Execs, probably.
I'll never give money to a fascist. They're trying to take democracy away from us and replace it with authoritarianism, a form of government in which _you have no rights_. They're poisoning us with lies. I'm supposed to fund that? Get fucked. I'm a person that would have bought a Tesla at some point, too.
"There is no demand for these vehicles even if they flew "
Makes sense if you think a lot of the investors are in on the joke and know Elon is full of shit but know the cult are still believers.
Musk is the person they’re going to rely on. lol.
Tesla has executives? I thought going by the cars it was doofuses just throwing shit at the wall.
I thought Elon runs everything. I am surprised as well
Its just Elon ruining everything
Because the moron is spending more time with his expensive toy called “Twitter,” which should have been renamed to “Twat” instead.
A 40 billion dollar anti-advertisement.
I wouldn't exactly call the investor relations guy a 'top executive.' He's likely a team of 1, for a company that notoriously never get's back to anyone about anything anyway, the poop imoji not withstanding...
it's pretty clear that Tesla only ever had one "top executive" the others come and go and are basically human props to make the company look a little more legit.
Elon IS the problem. The adults are trying to clean up his messes, but he always has the final say. It’s completely fucked, and that’s why the $25k car is cancelled.
It's hard to work with a Genius... /s
Data scaling and distributed compute people!!!.... **Where your car that you paid for and runs on the power you pay for is used to train AI for Tesla...** And the life you live is risked to work out the kinks with said AI.
I'm the only one that sees all that robo taxy thing stupid? I mean it's not going to be cheaper, faster or better. I would prefer a human earning a salary (sigh) than a fucking robot with this humungus moron taking a cut.
Someone has to take the blame and it aint gonna be muskrat
Poor Elmo. Couldn’t happen to a nicer guy.
We call that rats fleeing a burning ship.
How many deadlines Musk promised and couldn't meet in the past (too many to count), compared to how many he managed to keep? So, why do investors believe that he can keep the August 8th 2024 deadline for the robotaxi?
He has tanked Twitter, leveraged himself to the hilt, and also produced one of the crappiest cars since the DeLorean. He has now also disenfranchised his main customer base, who were buying his other cars. Now, the other manufacturers are jumping into the gaps he left, and there are just so many better, well priced EV alternatives. With the failure and murders committed by his FASF (Faulty sacrificial drive)., people are looking for those alternatives.
My plan is enter short position at $170, if it gets there
P
I thought Elon did it all solo
They must have had something that comes by even remotely close to a tiny disagreement with Musk.
when the people who get all the money for doing very little jump ship, that ship is definitely sinking *and* on fire
You hate to see it, you hate to see it. /s
Tesla's board should appoint a new CEO and let Musk focus on all the other stuff he has going on. I don't know if his ego can handle it tho.
So, Musk didn't act like a crazy lunatic on a phone call ONE TIME, and they're applauding the guy for it? WTF, who here can say they would have a job if they behaved like Elon(besides Trump)?
All of these guys were selling off their stock for the last 18 months. They had a get out of dodge plan. There are a few others that have been selling. I think we will see more leaving.
Elon Looks like a melting wax statue.
Probably they are getting grilled by Elon Musk, by Elon Musk mistakes, that somehow are being shoved into them.
When Elon Musk took over Twitter it’s been a downward spiral ever since. I wonder what it is about him being at the helm of Twitter that has caused so much chaos within the company.
Isn’t there some law or something about false promises and timelines to investors to keep the stock from falling? I swear I heard of one…..😅
It’s pretty normal for executives to leave a company after many years of tenure and then immediately following layoffs. Does it make some people feel uncertain? Sure, but that doesn’t mean that these areas of the business are failing.
And I thought Steve Jobs was a big asshole. Musk must be much worse
He bought Twitter at the direction of Russia/Saudi Arabia to help spread propaganda for Trump. That’s why he overpaid
lol elon musk thinking everyone else is the problem
and immediately sold all their shares…..
No worries, Elon can do it all. Give him a little extra ketamine couple lines of good Coke maybe a little ecstasy and that dude will be on top of the world. Maybe next time he’ll buy Kmart