Elon Musk

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

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

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

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)

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

these guys are the biggest marks in history pic.twitter.com/YnOUCPRiZW

— adrian (@crawf34) May 2, 2024

jfc

Joseph Ignace Guillotine would like to have a word with you over your patent

Do they… fuck?… the cars? Why are we concerned with door slamming technology

thanks to an incredible simple software update, the Cybertruck no longer unbuckles your seatbelt and ejects you from the car when driving. we have no idea why anybody would ever drive another car given advancements like these.

Let’s not overlook the use of the word “frunk” in that video

tear the roof off the sucker

Let’s not overlook the use of the word “frunk” in that video

https://www.youtube.com/watch?v=GRMuO-zfaNs

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:m7w6mfn35d53chutrzjzgkng/bafkreicxxkou7klh73mgj7u35fp5mjau2ffdcgrrv4kljpikp2nfrxajwy@jpeg

haaaaah

Omg

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), Wednesday, 1 May 2024 1:14 AM (four days ago) bookmarkflaglink

Not a bigger profit centre, but a profit centre; more importantly a massive part of the value proposition for Tesla and now EVs in general, especially in North America, other countries have good alternatives to the SC network but in the US they are massively dominant, in number of plugs, quality and reputation.

What’s more staggering though is the way they’ve abandoned 100s of millions in government funding for build charging worldwide. I know their build deadlines down here, because they are also my build deadlines and there’s no way to hit them without the people they fired.

Also what happens to the chargers they are making in New York? Yes they started selling them to BP and others but there’s no one there to buy the volume they are building. The smart move would have been to sell off the sites and grants they’d won around the world for money and a promise to buy Tesla chargers, but there’s no one left to do that deal.

It’s a real head scratcher, but we just became number one in charging in Australia because of this. Our property team just used the publicly available list of the sites they’d won grants on as their call list this week and I know we aren’t the only ones.

in six months time ed will own twitter

seems like elon finally turned his eye back on mordor, saw that everything was going to shit, and threw his toys out of the cot

Come on JK. Up your meme game

https://electrek.co/2024/05/03/read-the-wild-email-tesla-is-sending-to-suppliers-amid-supercharger-chaos/

https://eftm.com/2024/05/exclusive-tesla-supercharger-roll-out-in-australia-stopped-as-job-losses-at-tesla-end-new-development-245487

doesnt seem great

Enron-esque I hope

We have heard from several sources who told us that the reason for these firings is because Rebecca Tinucci, former head of Tesla’s EV Charging division, resisted Musk’s demand to fire large portions of her team.

did someone have a temper tantrum

You have to wonder what this does to car sales. Buying a car has become in part a decision about “support”, software updates, chargers, security updates, etc. Tesla is becoming a company people do not expect to fulfill expectations of baseline support (or even be around in the same form) for the lifetime of the car.

Assuming the parts continued to exist, you could buy a mainstream ICE 30 years ago and not care one way or the other if the manufacturer stopped making it or went out of business.

Computers with wheels that require access to secure silicon enclaves in order to “service” are v different!

seems like hes trying to do to tesla what he did to twitter cause that worked so well

at this point musk doesn't bother to evaluate his impulses, he just acts on them and trusts that he'll still be super-rich no matter how badly they turn out. how they might affect anyone else is irrelevant.

other theory popped into my head: Elon doesn't give a shit about owning/maintaining a charging network regardless of whether it's a profit center and now that all the other automakers are on board with his company's standard he thinks someone else should be installing and maintaining them

If this is legit then it ought to be all over the news, however

https://www.reddit.com/r/EnoughMuskSpam/comments/1cm30kp/elon_talks_to_nazi_nick_fuentes_via_his_alt/

Elon Musk’s no.2 at Tesla goes back to China as the CEO isolates himself at the top
https://electrek.co/2024/05/06/elon-musk-no-2-tesla-goes-back-to-china-ceo-isolates-himself-top/

increasingly isolated

he should consider building a giant water plane

adrian dittman isn't musk. he's a british guy doing an impersonation.

I think that was confirmed at some point recently. Elon’s confirmed burners are that smurf one and the one where he pretends to be his child.

Typing that made me remember how incredibly dumb this all is

https://www.reuters.com/business/autos-transportation/tesla-autopilot-probe-us-prosecutors-focus-securities-wire-fraud-2024-05-08/

everything is securities fraud