why did the stock go up when their numbers are bad?
― frogbs, Wednesday, 24 April 2024 15:49 (four months ago) link
mustve been not quite as bad as expected, also its just gone down a lot recently
― lag∞n, Wednesday, 24 April 2024 15:51 (four months ago) link
maybe this too lol
e.w. niedermeyer @niedermeyer.ioBig 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
― lag∞n, Wednesday, 24 April 2024 15:58 (four months ago) link
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,
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 24 April 2024 16:00 (four months ago) link
he is honestly amazing at this stuff tesla would absolutely be out of business now were it not for his grifting
― lag∞n, Wednesday, 24 April 2024 16:02 (four months ago) link
― 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)
― 龜, Wednesday, 24 April 2024 16:07 (four months ago) link
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, 24 April 2024 16:23 (four months ago) link
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.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 24 April 2024 17:00 (four months ago) link
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.
― The Artist formerly known as Earlnash, Wednesday, 24 April 2024 17:45 (four months ago) link
― 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
― 龜, Wednesday, 24 April 2024 17:59 (four months ago) link
is tsla a meme stock yet
― adam t. (abanana), Wednesday, 24 April 2024 19:12 (four months ago) link
has been all along
― lag∞n, Wednesday, 24 April 2024 19:15 (four months ago) link
Tesla has benefited enormously from Chinese EV subsidies. Its numbers will be a lot worse if those go away.
― immodesty blaise (jimbeaux), Wednesday, 24 April 2024 19:48 (four months ago) link
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.
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.
― Instead of create and send out, it pull back and consume (unperson), Thursday, 25 April 2024 14:06 (four months ago) link
ive been saying that for years and im still not a billionaire
― lag∞n, Thursday, 25 April 2024 14:14 (four months ago) link
Was your dad a billionaire? If not that could be a problem
― Big Bong Theory (stevie), Thursday, 25 April 2024 14:23 (four months ago) link
shit i dont think he is but ill ask
― lag∞n, Thursday, 25 April 2024 14:23 (four months ago) link
If you've actually met him, he's probably not one
― Never fight uphill 'o me, boys! (President Keyes), Thursday, 25 April 2024 14:59 (four months ago) link
The Man Who Met His Dad
― Daniel_Rf, Thursday, 25 April 2024 15:00 (four months ago) link
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.
― frogbs, Thursday, 25 April 2024 15:05 (four months ago) link
If Musk wasn't so tied into the Military Industrial Complex it would probably have come tumbling down a lot faster.
― Never fight uphill 'o me, boys! (President Keyes), Thursday, 25 April 2024 15:09 (four months ago) link
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
― lag∞n, Thursday, 25 April 2024 15:15 (four months ago) link
bare minimum their branding of "full self-driving" and "autopilot" should be a FTC case for deceptive marketing
― ɥɯ ︵ (°□°) (mh), Thursday, 25 April 2024 15:34 (four months ago) link
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.
― Maxmillion D. Boosted (jon /via/ chi 2.0), Thursday, 25 April 2024 15:40 (four months ago) link
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.
― Elvis Telecom, Friday, 26 April 2024 08:00 (four months ago) link
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.
― The Artist formerly known as Earlnash, Friday, 26 April 2024 12:03 (four months ago) link
does musk believe in anthropogenic climate change? today he posted a 2000s facebook meme about greta thunberg wanting communism today.
― adam t. (abanana), Friday, 26 April 2024 19:15 (four months ago) link
today i'm gonna rock you today
― adam t. (abanana), Friday, 26 April 2024 19:16 (four months ago) link
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
― papal hotwife (milo z), Monday, 29 April 2024 05:29 (four months ago) link
oh god, it’s the ARK investments ceothey’re a weird attempt at a “science is the future” ETF that seems more like a cargo culthttps://en.wikipedia.org/wiki/Ark_Invest
― ɥɯ ︵ (°□°) (mh), Monday, 29 April 2024 13:16 (four months ago) link
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."
― Elvis Telecom, Monday, 29 April 2024 21:32 (four months ago) link
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
― ɥɯ ︵ (°□°) (mh), Monday, 29 April 2024 21:55 (four months ago) link
Ted Talks are the new pump-n-dump stock scams
― Elvis Telecom, Monday, 29 April 2024 22:13 (four months ago) link
there is an inverse cathie wood etf.
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 30 April 2024 13:18 (four months ago) link
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.
...
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.
― Instead of create and send out, it pull back and consume (unperson), Tuesday, 30 April 2024 14:23 (four months ago) link
arent superchargers supposed to be a big deal for them
― lag∞n, Tuesday, 30 April 2024 15:07 (four months ago) link
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.
― schrodingers cat was always cool (Hunt3r), Tuesday, 30 April 2024 15:14 (four months ago) link
they went to Supercharger Heaven
― ain't nothin but a brie thing, baby (Neanderthal), Tuesday, 30 April 2024 15:14 (four months ago) link
rip
― lag∞n, Tuesday, 30 April 2024 15:18 (four months ago) link
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
― I? not I! He! He! HIM! (akm), Tuesday, 30 April 2024 16:18 (four months ago) link
scam #7 to heaven
― polyamerie "it's more than this 1 thing" (m bison), Tuesday, 30 April 2024 16:18 (four months ago) link
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
― ɥɯ ︵ (°□°) (mh), Tuesday, 30 April 2024 19:11 (four months ago) link
https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:m7w6mfn35d53chutrzjzgkng/bafkreifsbnfgt56caluisp4rg4irn24kuqwgbdn4d3yw4zmdug4hopuln4@jpeg
― lag∞n, Tuesday, 30 April 2024 22:04 (four months ago) link
I suppose that after trolling fans with the cybertruck the next logical step is to troll the entire EV industry and TSLAstans at once by canning the only part of Tesla that works and makes money
― Elvis Telecom, Tuesday, 30 April 2024 23:16 (four months ago) link
Thought the Tesla subreddit would have been making excuses but it seems like even they don’t trust him.
https://www.reddit.com/r/teslamotors/comments/1ch34s5/tesla_still_plans_to_grow_the_supercharger/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button
― papal hotwife (milo z), Tuesday, 30 April 2024 23:38 (four months ago) link
is tsla a meme stock yet― adam t. (abanana), Thursday, 25 April 2024 5:12 AM (six days ago)has been all along― lag∞n, Thursday, 25 April 2024 5:15 AM (six days ago)
― adam t. (abanana), Thursday, 25 April 2024 5:12 AM (six days ago)
― lag∞n, Thursday, 25 April 2024 5:15 AM (six days ago)
― assert (matttkkkk), Wednesday, 1 May 2024 03:04 (four months ago) link
My place is surrounded on two sides by houses with Tesla solar roofs. They're so screwed when they get trashed in the next windstorm
― Elvis Telecom, Wednesday, 1 May 2024 04:15 (four months ago) link
these guys are the biggest marks in history pic.twitter.com/YnOUCPRiZW— adrian (@crawf34) May 2, 2024
― Number None, Friday, 3 May 2024 12:52 (four months ago) link
jfc
― lag∞n, Friday, 3 May 2024 13:01 (four months ago) link