Musk seems in a tight spot to me.
Wants to use Tesla stock to pay for it.
He goes to buy it, Tesla stock crashes. He backs away Tesla stock recovers. Seems stuck.
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Musk seems in a tight spot to me.
Wants to use Tesla stock to pay for it.
He goes to buy it, Tesla stock crashes. He backs away Tesla stock recovers. Seems stuck.
And in a competitive Bay Area job environment he is insisting that everyone be at the Tesla office at all times rather than allowing some remote work. Many people will just find another employer who offers a bit more flexibility (commutes can be awful here) especially those in IT.
carolinablue232
Player Valuation: £70m
If I’m a software developer good enough for Tesla, I won’t be short on options. Would be moving on quickly to a more accommodating company.
Some pretty good reasons why you might wand to avoid spending all your time at the factory, such a pleasant working environment for all!
Tesla subjects women to 'nightmarish' sexual harassment at factory -lawsuit
Tesla Inc subjects female workers to "nightmarish" conditions of rampant sexual harassment at its main factory, and supervisors turn their backs when complaints are brought, according to a new lawsuit.
www.reuters.com
I'm not a big Musk fan. I've seen his sidekick Peter Thiel having a pop at Warren Buffet recently. It's all a bit unseemly.
I always think frauds like Musk get thrown up in every bull market. Hes a product of that mindless euphoria.
I've been up on my short on Tesla, and I expect it to go lower.
Peter Thiel is another enormous asshat.
I'm glad you said that, because I felt a bit salty saying it.
I actually find some of what he has said interesting. But he went down in my estimation a lot, when he attacked Warren Buffet for not pushing crypto currency.
Fellas like Musk and Thiel are a product of bull markets. I know Howard Mark's say bull markets are not about numbers, but phsycology and you really see it with those 2 (and Cathie Wood).
Tesla has only been able to grow, and arguably survive on the back of this bull market, with ludicrous valuations and subsequent share dilution (and cheap liquidity pools available from banks). He has this hardened fanbase, but honestly his success is owed to the exuberant cycle we are in.
Lobster Johnson
Player Valuation: £35m
Who knew that a billionaire auto baron would turn out to be a controlling "if I can't see you you're not working" knob who assumes his way of working is the only way?
Billionaire or tin pot foreman, they all judge you by their own standards - they think you'll skive if they can't see you, because thats what they'd do.
I have a fundamental question/complaint that I ask a guy in my office frequently: what the hell is going on with Tesla's valuation? It's down ~ 37% from its peak but still stupidly valued. From what I can gather Tesla sells about 1MM cars a year and is valued at ~ $780B. Toyota, one of the most successful car companies in the world sells ~ 10MM cars a year and is valued at ~ $275B. The guy in my office tells me people who buy TSLA are buying hope/dreams, but I can't figure it out.
At any rate, I appreciate Elon for his antics but I don't know what's more worrying: his hubris or the blind fanaticism of his followers. Also, see below:
/end rant
Well, a good contrast is someone mentioned upthread in Warren Buffett, who is known to buy good businesses and leave them alone, unless they need new leadership in which case he appoints a good leader and leaves them alone.
You might like this, hell of a opening at least!
Lobster Johnson
Player Valuation: £35m
What I didn't realise is that Tesla also seems to make a bunch of money from other car companies buying carbon credits.
Inside the industry: How selling emissions credits helps Tesla grow | Autocar
Tesla made a crucial 7% of its Q2 revenue selling emissions credits to other brands, not all of which are forthcoming
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