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re: Elon Musk thinks Tesla is victim of sabotage

Posted on 6/19/18 at 10:31 am to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 10:31 am to
quote:

So you don’t like that the share price was higher than you think it should be?


It's way higher than it should be using pretty much any accepted modeling technique. It doesn't really have much to do with my personal opinion.
Posted by SECretariat
Member since Jun 2015
396 posts
Posted on 6/19/18 at 10:34 am to
quote:

I think the dudes a fraud and I'm not a plant baw. He may be smart, but he's a scam artist.


Once you launch rockets that land themselves for reuse, speed up the car technology race by at least a decade, found a world changing payment solutions company, and manage the technology and bureaucratic nightmare that is tunneling under Los Angeles; I don't think you can be called a fraud anymore.

You might not like his ability to turn a company into a publicly traded manufacturing powerhouse, but he's definitely not a fraud.
Posted by nola000
Lacombe, LA
Member since Dec 2014
13139 posts
Posted on 6/19/18 at 10:35 am to
This certainly could be scapegoating and deflection but don't discount the possibility of industrial sabotage. It's not often talked about but it's certainly not uncommon and it's happened all throughout history.

Hell, look at China. China's intellectual property theft from companies in developed worlds is a form of industrial sabotage that is acknowledged and well-known and is taking place right now and part of the driving factor behind Trump's tariffs against them
Posted by nola000
Lacombe, LA
Member since Dec 2014
13139 posts
Posted on 6/19/18 at 10:38 am to
quote:

But you have to look no further than the companies namesake to see the classic example of a visionary being horrible at running a company


Excellent catch.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 10:39 am to
quote:

Once you launch rockets that land themselves for reuse, speed up the car technology race by at least a decade, found a world changing payment solutions company, and manage the technology and bureaucratic nightmare that is tunneling under Los Angeles; I don't think you can be called a fraud anymore.



Sure you can because he does all of that years after he says he is and runs a negative cash flow business
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 6/19/18 at 10:44 am to
quote:

This certainly could be scapegoating and deflection but don't discount the possibility of industrial sabotage. It's not often talked about but it's certainly not uncommon and it's happened all throughout history.

Hell, look at China. China's intellectual property theft from companies in developed worlds is a form of industrial sabotage that is acknowledged and well-known and is taking place right now and part of the driving factor behind Trump's tariffs against them


I have yet to read an article related to the sabotage where Musk is quoted as saying, "We have finally found the reason for our production woes"

Musk is telling it how it is... an employee stole data and possibly shopped it. I believe he possesses tangible evidence of the IP theft.

Posted by SECretariat
Member since Jun 2015
396 posts
Posted on 6/19/18 at 10:46 am to
quote:

Sure you can because he does all of that years after he says he is and runs a negative cash flow business




He's a fraud because he lets willing investors fund his business during it's growth for a potential payoff in the end? Wow, surely this has never been done before in the tech industry. I mean Jeff Bezos would never.

This post was edited on 6/19/18 at 10:47 am
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 10:52 am to
quote:

He's a fraud because he lets willing investors fund his business during it's growth for a potential payoff in the end? Wow, surely this has never been done before in the tech industry. I mean Jeff Bezos would never.


Dude there are serious cash flow concerns with Tesla. Not that long ago they barely had enough cash to continue operations while announcing they were pushing back timelines. All of that as the share price was increasing. Then you had that weird earnings call with Musk. Look at the Financials dude.
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 6/19/18 at 10:58 am to
quote:

Sure you can because he does all of that years after he says he is and runs a negative cash flow business


facebook, twitter, snapchat were all cashflow negative. FB was that way for nearly a decade
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 11:02 am to
quote:

facebook, twitter, snapchat were all cashflow negative. FB was that way for nearly a decade


None of those manufacture a tangible product. That's almost totally irrelevant as far as Tesla is concerned.
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 6/19/18 at 11:21 am to
quote:

None of those manufacture a tangible product. That's almost totally irrelevant as far as Tesla is concerned.


I get what you are saying but saying one company is allowed to be negative because they produce a service rather than a physical product is rather naive.

Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 11:26 am to
quote:

I get what you are saying but saying one company is allowed to be negative because they produce a service rather than a physical product is rather naive


In general, sure, but I'm not talking about it general. I'm talking about Tesla specifically.
Posted by Jester
Baton Rouge
Member since Feb 2006
34717 posts
Posted on 6/19/18 at 11:41 am to
quote:

a person who is dedicated to improving the country and MANUFACTURING IN AMERICA.


Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 6/19/18 at 11:45 am to
Their factory is in California and they’re building the Gigafactory in Nevada. Is that not manufacturing in America?
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17754 posts
Posted on 6/19/18 at 11:55 am to
quote:

Their factory is in California and they’re building the Gigafactory in Nevada. Is that not manufacturing in America?



The "Great American Fraud" is currently employing 37,000 Americans at Tesla

That goes along with 7K at SpaceX, however many are employed at The Boring Company

Seems like America is getting a good ROI from Musk
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37536 posts
Posted on 6/19/18 at 12:00 pm to
quote:

The "Great American Fraud" is currently employing 37,000 Americans at Tesla

That goes along with 7K at SpaceX, however many are employed at The Boring Company



Enron paid tons of people good money so who cares what they were doing.

quote:

Seems like America is getting a good ROI from Musk



Not really
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79821 posts
Posted on 6/19/18 at 12:01 pm to
quote:

And the new one runs about $40k, so the 1%ers shouldn't care.


The cheapest you can possibly buy one right now is 45k, and most are being sold well above 50k with options.

That said, all the other models get the same subsidies.
Posted by barry
Location, Location, Location
Member since Aug 2006
51421 posts
Posted on 6/19/18 at 12:02 pm to
Musk is 5-10 years away from going full Howard Hughes
Posted by Jim Rockford
Member since May 2011
106066 posts
Posted on 6/19/18 at 12:08 pm to
quote:

Musk needs an experienced business manager to balance out his aloof visionary thing


Apple took off when Steve Jobs brought in a guy from Pepsi to run things.
Posted by Dr RC
The Money Pit
Member since Aug 2011
61605 posts
Posted on 6/19/18 at 12:47 pm to
quote:

Is this guy coming unraveled?


He's seems pretty incapable of handling even the slightest criticism.
This post was edited on 6/19/18 at 12:48 pm
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