I live in Europe so don't even know seekingalpha.
I am not interested in any social media (FB, Twitter, Snapchat and other garbage), nor in a blog
$TSLA
- Thread starter Phill Twist
- Start date
I live in Europe so don't even know seekingalpha.
I am not interested in any social media (FB, Twitter, Snapchat and other garbage), nor in a blog
The other explanation is that he is losing it when he realized that his lies are finally catching up to him and there is no more coming in from anywhere. The bond market is closed to them, selling more shares could be forbidden due to pending SEC investigations, nobody wants to loan them because the company's rating is junk, etc.
M3 was supposed to be finally the big money maker and mass market but they produced it too expensively and you can not mass market a 50+K car. So they have to either make less, probably around 2K/week what is a sustainable volume (but the profits wouldn't be enough) or sell cheaper but that can not be done profitably.
Now they can try to pull the Y is coming shit, but we have been hearing this "oh the next product will make money" schtick and it is getting old. So nothing else left then banktruptcy or complete reorganization, including getting ride of management. The going private also can't work with the management staying, but Elon wouldn't want to hear about giving up power.
This explains his tweets, whisky drinking and general imbalance. Hell, I would be doing heroin at this point....
M3 was supposed to be finally the big money maker and mass market but they produced it too expensively and you can not mass market a 50+K car. So they have to either make less, probably around 2K/week what is a sustainable volume (but the profits wouldn't be enough) or sell cheaper but that can not be done profitably.
Now they can try to pull the Y is coming shit, but we have been hearing this "oh the next product will make money" schtick and it is getting old. So nothing else left then banktruptcy or complete reorganization, including getting ride of management. The going private also can't work with the management staying, but Elon wouldn't want to hear about giving up power.
This explains his tweets, whisky drinking and general imbalance. Hell, I would be doing heroin at this point....
I thought you were referencing that guy that got his boss called on by Musk because he wrote a piece in seeking alpha. Basically I was joking about trolling Elon by starting a blog there.
Interesting that the CAO did not stay through this "Most Amazing Quarter in History". You'd think he'd want that on his resume before departing. Unless of course there's something shady in said report he wasn't in agreement with. Oh and walking away from a $10 million new-hire equity grant that vests over four years.
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Not recent, but funny nonetheless. People waiting four months for their Model 3 and they're sitting in boneyards. https://electrek.co/2018/07/20/tesla-stocking-model-3-lots-tsla-shorts-freaking-out/
https://electrek.co/2018/09/13/tesla-tsla-loses-top-finance-executive/
Tesla (TSLA) loses another top finance executive
Tesla’s Vice president of Worldwide Finance Justin McAnear announced his departure from the company just days after we learned that the automaker’s Chief Accounting Officer Dave Morton resigned for a strange reason.
The recent departures are resulting in an important leadership shake-up in Tesla’s finance department.
Morton was Tesla’s second CAO to leave this year and now McAnear becomes the third top-level Tesla finance executive to leave in a short period of time.
Tesla (TSLA) loses another top finance executive
Tesla’s Vice president of Worldwide Finance Justin McAnear announced his departure from the company just days after we learned that the automaker’s Chief Accounting Officer Dave Morton resigned for a strange reason.
The recent departures are resulting in an important leadership shake-up in Tesla’s finance department.
Morton was Tesla’s second CAO to leave this year and now McAnear becomes the third top-level Tesla finance executive to leave in a short period of time.
Rough day; time to short
https://www.bloomberg.com/news/arti...-face-u-s-criminal-probe-over-musk-statements
Tesla (TSLA) now reportedly under a criminal probe over Elon Musk’s take-private comments
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.
Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had “funding secured” for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe. The tweet initially sent the company’s shares higher.
Tesla confirmed it has been contacted by the Justice Department.
https://www.bloomberg.com/news/arti...-face-u-s-criminal-probe-over-musk-statements
Tesla (TSLA) now reportedly under a criminal probe over Elon Musk’s take-private comments
Tesla Inc. is under investigation by the Justice Department over public statements made by the company and Chief Executive Officer Elon Musk, according to two people familiar with the matter. The criminal probe is running alongside a previously reported civil inquiry by securities regulators.
Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla private and had “funding secured” for the deal, said the people, who were granted anonymity to discuss a confidential criminal probe. The tweet initially sent the company’s shares higher.
Tesla confirmed it has been contacted by the Justice Department.