Elon Musk

she got all made up for this, sad

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:izxpomdyri45gzhppiiyattq/bafkreier4eicstowsic7mv2rjndsoo2mkosv2klwuwpybnhiuyqeq5gquy@jpeg

I'm going to guess Taylor's people didn't return his call

I checked and she's still with ornaldo bloomps and probably not having surrogate children with Elon but who can tell

Great car

https://i.ibb.co/9hYGqzc/FB-IMG-1713970236034.jpg

"the car is now in Fred Flintstone mode"

tbf you could buy a much more expensive metal brick

why did the stock go up when their numbers are bad?

mustve been not quite as bad as expected, also its just gone down a lot recently

maybe this too lol

e.w. niedermeyer @niedermeyer.io
Big takeaway from the Tesla earnings call is that Elon doesn't want to do anything to shore up sales, because he'd rather try to use the idle GPUs in parked Teslas as a distributed AI supercomputer... which doesn't make sense, but even if it did, it would still be stealing from your customers.

https://bsky.app/profile/niedermeyer.io/post/3kqtjuvuggc2q

hes still got it baby

juicing the stock 10% with an extremely vague "announcement" re: an affordable car shipping in a few months. got to hand it to him,

he is honestly amazing at this stuff tesla would absolutely be out of business now were it not for his grifting

why did the stock go up when their numbers are bad?

― frogbs, Wednesday, April 24, 2024 11:49 AM (sixteen minutes ago)

part of the decline pre-earnings was due to rumors that tesla was trashing its low-cast EV project, but then elon reversed course during the actual announcement

i also think some of the gain is probably due to short-covering (which creates buying pressure)

does this short-covering mean that those traders lost out -- because they were gambling on the price falling further than it did -- or that they've made the profit they wanted so they don't care

or does it all depend?

fun fact they probably juiced yesterdays results with some accounting tricks related to one off FSD income. that will become clear tomorrow when they file a 10-Q. expect a drop tomorrow imo.

Mr guess Musk saw that episode of Silicon Valley where they used the cpus in the refrigerators and just figured he could do that with his cars.

does this short-covering mean that those traders lost out -- because they were gambling on the price falling further than it did -- or that they've made the profit they wanted so they don't care

or does it all depend?

― mark s, Wednesday, April 24, 2024 12:23 PM (one hour ago)

based on what the stock price has done in the past couple of months i think it's a decent chance the short sellers made some money

is tsla a meme stock yet

has been all along

Tesla has benefited enormously from Chinese EV subsidies. Its numbers will be a lot worse if those go away.

This is a social media post by Dustin Moskowitz, founder of Asana and Facebook billionaire:

I know I sound crazy to most people who don't follow $TSLA closely but at this point it really needs to be said. This is Enron now, folks.

It may keep going, but people are going to jail at the end. The data is presented in fraudulent ways, and it doesn't say what they claim it says even when they make it up.

Tesla has committed consumer fraud on a massive scale, from lying about FSD, ranges and (recently, unconfirmed!) even inflating odometers.

Many times now, also securities fraud.

ive been saying that for years and im still not a billionaire

Was your dad a billionaire? If not that could be a problem

shit i dont think he is but ill ask

If you've actually met him, he's probably not one

The Man Who Met His Dad

yeah I've been reading a lot of well-sourced substacks and blogposts arguing as much. like sure Elon is admittedly pretty skilled at pumping the stock price up but there's way more internal fraud going on than that, Tesla's internals have just never added up, the question is how long they can keep it going. I mean I thought this was all gonna come crumbling down years ago.

If Musk wasn't so tied into the Military Industrial Complex it would probably have come tumbling down a lot faster.

feel like you have to run out of money before a massive corporate fraud collapses, until then you might get some fines or whatever, i guess there could be some smoking gun document that says i elon am doing massive corporate fraud but outside that i think it keeps rolling until it cant anymore, like repeatedly promising full self driving and whatnot is so blatantly fraudulent and no one cares hes doing right in public

bare minimum their branding of "full self-driving" and "autopilot" should be a FTC case for deceptive marketing

President Keyes otm, as much as I'm loath to give him credit for anything at all, making sure his space company got into bed with the US military was the smartest thing he ever did, allowing him to get away with a lot of shit.

Musk vs United Launch Alliance (a.k.a. Boeing & Lockheed Martin) had been an ongoing fight for almost a decade and it was something SpaceX absolutely could not lose. I'll never credit Musk for anything, but I still believe that in the long run - his fights with ULA and the National Automobile Dealers Association are probably more significant than any of his companies.

I for sure thought the Tesla Solar Roof class-action was going to be the start of the domino fall.

I was kinda thinking the only thing Tesla really made money on was the carbon offset trading and the bitcoin shenanigans. Those two things I know were pointed out in a couple of their good reports in why the books were doing good in the salad days.

does musk believe in anthropogenic climate change? today he posted a 2000s facebook meme about greta thunberg wanting communism today.

today i'm gonna rock you today

Robotaxis will be the equivalent of 40% of US GDP any day now

Robotaxis will generate 8-10 Trillion in revenues in 2030, half of which will go to platforms like Tesla $TSLA says Cathie Wood

pic.twitter.com/50XajhXVdb

— Barchart (@Barchart) April 28, 2024

oh god, it’s the ARK investments ceo
they’re a weird attempt at a “science is the future” ETF that seems more like a cargo cult

https://en.wikipedia.org/wiki/Ark_Invest

From https://en.wikipedia.org/wiki/Cathie_Wood

For the 10 years ending in December 31, 2023, Morningstar ranked ARK Invest Funds as the worst "wealth destroyer" family of funds, based on the "decline in assets in dollar terms, after excluding inflows or outflows."

one of those people where you can do the opposite of what they promote pretty regularly and prosper. maybe ignore financial news that takes them seriously

Ted Talks are the new pump-n-dump stock scams

one of those people where you can do the opposite of what they promote pretty regularly and prosper. maybe ignore financial news that takes them seriously

there is an inverse cathie wood etf.

Tesla conducting more layoffs, including entire Supercharger team

Just after laying off “more than 10%” of its global workforce, Tesla is laying off even more employees – including senior executives and long-time veterans of the company, most notably the entire Supercharging team and the executive responsible for negotiating NACS adoption across the industry.

...

Now, more layoffs have been finalized through an email from CEO Elon Musk to executives, first reported by The Information, stating that 6-year veteran Rebecca Tinucci, Tesla’s Senior Director of EV charging, would be leaving the company on Tuesday, along with nearly all of her 500-person charging team (“a few” employees will be reassigned to other teams, according to The Information).

Tinucci was responsible for Tesla’s EV charging business, including Supercharging, which means that the cutting of the Supercharger team may reflect a change in direction for Tesla. Tesla has been very successful at getting manufacturers to adopt its NACS plug – an effort led by Tinucci, which got her onto the TIME 100 Climate list – leading many to suggest that it will be able to run a profitable energy delivery business for a long time to come (here’s her presentation from Investor Day 2023).

The email states that Tesla will continue to build out some new Superchargers, and will finish those under construction. But relieving the team of its duty may signal a reduction in buildout of the system – at a time when, if anything, faster charging station deployment is needed.

Another executive layoff is 10-year veteran Daniel Ho, Director of Vehicle Programs and New Product Initiatives, who was program manager for the Model S, 3 and Y and had previously served 12 years at Ford in product roles.

In recent quarters, Tesla has guided for a “pause” inbetween growth phases, expecting that sales growth would be more modest until the release of next-gen vehicles like the cheaper “Model 2” and robotaxi products. There has been some back–and–forth over what form those products would take – but laying off the head of New Product Initiatives reflects potential problems within that team as well.

Further, most of former executive Rohan Patel’s public policy team will be eliminated – at a time when many public policy challenges around DC charging, home charging, emissions standards, climate change, and political hostility to superior EV technology are still looming.

arent superchargers supposed to be a big deal for them

yeah as a low info ev person i had sorta thought the supercharger and charge network generally was gonna be a bigger profit center than EVs for them, because they seem quite not good at what it takes to make an actually good EV. or any vehicle.

they went to Supercharger Heaven

rip

firing that supercharger team right after lots of manufacturers have committed to using that network is weird as fuck; he's also unfollowed a bunch of his biggest simps on Twitter, which is leading some to think the Tesla board is maybe about to oust him

scam #7 to heaven

seems like the supercharger team getting canned is a combo of "well, that's project finished and it's a success so bye!" which is terrible and Elon deciding someone looking more successful than him seeing an effort led by Tinucci, which got her onto the TIME 100 Climate list and not liking that someone else got head pats

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:m7w6mfn35d53chutrzjzgkng/bafkreifsbnfgt56caluisp4rg4irn24kuqwgbdn4d3yw4zmdug4hopuln4@jpeg