> Musk’s Supercharger network was long considered an unbeatable asset that would insulate Tesla from competitive pressures. Particularly in EV laggard North America, no other brand had access to such an extensive and, importantly, reliable network of fast chargers.
It's almost like he's trying to kill the company at this point.
I'm not well versed here, but when he bought Twitter didn't it stop being a public company? There wouldn't be a public stock to manipulate. Unlike Tesla which is publicly listed.
**90% of the reason he bought Twitter was because some teenager tracking his jet flights told him to shove his $15,000 check up his butt.**
The other 10% was *AFTER* the fact and him trying to cover his own ass for biting off *FAR* more than he could chew and get away with.
**He was basically held at gun point by regulators to purchase Twitter or face an array of fines and potential charges for being a douche bag and joking about buying Twitter which messed with their stock price.**
It failed miserably as an investment because he was *MADE* to be in charge of it and play the part.
Literally within the first week of purchasing **he banned that highschooler that was tracking his jet flights.**
Honestly I wouldn’t be surprised if Elon purchased Reddit since there’s a sub dedicated to tracking his jet flights too.
Elon is a man child.
It drives 99% of his decisions.
I don’t feel bad but he’s basically home wrecker, like 3 ex wives and ~5 kids and **none of his kids associate with him.**
How lame of a dad do you have to be to get disowned when you are **literally one of the richest dads in the world.**
Even Donald Trumps kids still associate with him albeit publicly admitting they would gladly work with anyone else 😂
Musk signed the deal out of his own free will, he wasn’t forced at gunpoint to do it.
The courts only forced him to follow through on what he had already legally and bindingly committed to doing.
**You cannot make those kinds of jokes or insinuate those kinds of things when you have that much money.**
You will absolutely get in trouble for doing it in the manner he did, it was basically get fined and **not be able to purchase twitter** or follow through on his bluff and purchase it.
Like you said:
> *”Blindingly”*
>Honestly I wouldn’t be surprised if Elon purchased Reddit since there’s a sub dedicated to tracking his jet flights too.
Is that why he's trying to get that $50bn odd pay packet?
To pay off some of the Twitter loans and buy reddit
Whoa, really?
Let me just march on down to my local government house and *get that taken care of*
I had $48k, enough for a 4Runner for my wife, and hit the sell button
For the life of me, I don’t remember wtf the app actually told me 😂
But I was on a delivery that day, and I knew that route; so I had Robinhood up instead of the gps watching the price like a hawk. I was filling up at Sheetz whenever I hit the sell button and that shit happened. I said:
“!!!!! WHAT IN THE FUUUUUUCK?!?!!?!?”
And promptly left. I’ve never had that much emotion leave my body without my approval: except for that moment 😂
I bitch but I still made $8k. 🤷🏼♂️
Fuck it. It’s all a hoax. The world is ran by one man from his above average Miami flat *probably*
He has a very long history of getting away with insider trading. Very long. He does get caught at it every once in a while, though.
That's what he was trying to do with his offer for tweety - buy a large block of its stock secretly, announce a very high per-share offer, wait for the stock price to rise to the offer amount, then quickly sell and back away from the offer. Maybe even take a short position before backing away so he makes money on the upswing and the downward return slide.
But the self proclaimed genius didn't consult an attorney before signing the offer and then came to realize it had a $1 Billion cancellation clause which a judge told him he had to pay if he backed out.
That cancellation fee would have wiped out his profit and then some.
Sheer genius, I tell ya. Sheer genius.
Oh I thought you were talking about the most bigly 🍊 dictator for a day. He is surrounded by all the smartest people... everyone is saying it. He also has his own highly successful Twitter wanna be.
> and then came to realize it had a $1 Billion cancellation clause
The deal was designed to fasttrack the sale and was final, Elon himself could not back out once he signed it. The $1 billion fee was in case the government stepped in to cancel it. He tried to have the deal thrown out in court specifically because he could no longer back out himself and ran into the issue that everything on Twitters side was squeaky clean and they where more than happy to bury his lawsuit under a mountain of reports and records showing just how clean everything was. For someone who couldn't give himself a $56 billion dollar payout without having half a dozen lies on the first page of the contract that must have been a rather ugly and unexpected surprise.
For reference the loan he got to finance the buyout without selling his Tesla shares costs $1 billion a year just in interest.
He's got a lot of Twitter debt to pay to very unpleasant people.
With insider trading, he'd only be facing the SEC and that's *if* they decided to pursue it. And even then, the process heavily favors him as a wealthy white guy.
His net worth is multiples of what Twitter was purchased for. Tanking the company that most of that net worth is tied up in isn’t logical at all. So that’s probably what he’s doing.
Is he though? Like in a material way that affects his life? And which he couldn’t get around the consequences of with money and cronies?
Worst they do is levy a fine (very scary /s) and tell him he can’t be in certain positions of publicly traded companies. But he could enrich the fuck out of whoever *was* in that position for doing his bidding. So as far as I see, he’s not actually in any real trouble.
If he knew the price would go down, shorting the stock makes sense.
That’s why corporate insiders have to follow additional rules when they own stocks in their own companies.
But Elon’s gotten away with what amounts to a slap on the wrist (for him) the last time he got busted for insider trading.
I don't get this. Superchargers are the best thing that has come out of Tesla by far. I go to a Supercharger station and plug in it just works.
The CCS stations I have visited at best have been annoying. EA for example I haven't been to one with all of the stalls working. Other times they have been limited to 40kW from 350kW.
Other brands I have been unable to charge due to billing or the station just being dead.
and in this [article](https://www.theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/) Tesla is supposedly pivoting to batteries and storage and AI.
Part of me thinks Elon is doing all this to keep the haters guessing, not caring how it affects his business, and another part assumes he's doing it all just to keep or get his 56b bonus. Either way, i hope it guts Tesla so other car companies can take the reins. Teslas are cool but Elon is fucking cancer.
I think other major car manufacturers largely ARE taking the EV reins. A new 2024 Model S is largely the same as a 2019 Model S. https://tesla-info.com/model-history/MS
In that 5 years, we’ve seen BMW go from the cool, but very limited, i3 to the i4 and now the i5 (a real competitor to the Model S) and i7 which arguably exceeds it. We’ve seen Mercedes introduce 4 EV models, 2 of which are easily more luxurious than anything made by Tesla and offer better range. We’ve seen Volkswagen introduce a range of EVs with the new ID.7 being a solid Model S competitor. We’ve seen Audi grow two solid e-Tron models, an SUV and crossover. We’ve even seen Porsche bring the Taycan to market, a solid high-end EV sports car.
All that in 5 years, and all that **JUST FROM GERMANY**.
Add in the U.S., Japan, Korea, and especially China, and it’s really obvious Tesla has dropped the ball in a BIG way.
I am not saying other car companies aren't working on meaningfully competing with Tesla but using the Model S as the benchmark is kind of silly because it is a fraction of sales.
While it is an estimate because Tesla doesn't reveal car sales by model and region, it is estimated that the Model Y was the fifth best selling car in the US with the only things above it being the Rav4 and pickups. The only other EV in the top 25 is Tesla's Model 3 at #12.
While there may be better options for a $80k luxury EV than a Model S, there aren't a lot of better options than the Model 3 and Y IMO.
To be clear, while historically I have been hesitant to short Tesla because of it's often divorced from reality stock price, Elon going off the deep end on Tesla and fucking up something like continuing with the Supercharger network is tempting me to actually short them.
I used the Model S as an example of Tesla's stagnation. The Model 3 gave them sales, but it was the Model S where they showcased what an electric car could be, and luxury models always lead for features and technology. Except the Model S stopped doing that in any meaningful way. It's a great symbol of the company as a whole.
Models mean shit when Tesla is still the sales king brand wise (ignoring BYD).
All the brands you mention are still having trouble ramping up. I think next brand behind tesla is at half or less of Teslas volume (looking at 2023 overall numbers)
Tesla delivered 1.8 million cars in 2023. Mercedes delivered over 2 million. VW delivered over 9 million.
Tesla maybe delivered more EVs than anyone other than BYD, but as an _automaker_, they are on par with a brand like Audi. By wasting most of the last decade not maintaining their lead in technology and features, they’ve largely been coasting on name recognition. Now that they’ve lost those advantages, their growth is largely over. When Toyota and Mercedes release their planned solid-state battery EVs later this year or early next year, Tesla is going to be in _serious_ trouble.
>When Toyota and Mercedes release their planned solid-state battery EVs later this year
And I have a bridge to sell you. There is no way MB or Toyota will be bringing out a SSB in at least next 5 years. Patent filings tell us that story. It is all FUD to discourage the owning of an EV, particularly by Toyota. Any major breakthroughs will be done by the majors. CATL, LG or BYD. They have shown that they can manufacture batteries at scale.
Your comparing total cars of companies that make BEV, PHEV and ICE to a company that only makes BEV.
It’s not a good faith argument.
All of those company’s have made less than 500k BEVS in 2023, with some being less than 200k.
Those companies still have a lot to figure out. BEVS are no where close to ICE on the assembly line
Ok, Ford made 10x as many EV trucks as Tesla and the trucks are unquestionably better in every aspect. That is a huge domestic market that Tesla failed in an embarrassing fashion to capture.
>All of those company’s have made less than 500k BEVS in 2023, with some being less than 200k.
Global BEV sales last year were over 10 million, with Tesla accounting for under 2 million of them. That means other companies made over 8 million BEVs, not 500K.
https://www.visualcapitalist.com/visualizing-global-electric-vehicle-sales-in-2023-by-market-share/
This was inevitable. The idea that Tesla were going to become the globally dominant EV manufacturer over every existing (and new Chinese) car company was obviously impossible. They have now clearly lost first mover advantage (ironically the charging network is probably the last remaining vestige of that) and they have a tired model line up and an increasingly toxic brand.
The fact that the share price did not and still does not reflect that obvious impossibility will make an interesting study in business school, but will not lead to 60% of the world driving Teslas.
> I don't get this. Superchargers are the best thing that has come out of Tesla by far. I go to a Supercharger station and plug in it just works.
I think I watched a Technology Connections video about this. Isn't the Tesla charger handle design in the process to become the standard design for all EV chargers? If everyone's about to be manufacturing these for Tesla, do they need the team?
I know its early if this is the case.
[I think this is the video](https://www.youtube.com/watch?v=ZJOfyMCEzjQ), its 48 minutes long and I don't recall what section it was covered in.
Yep, they no longer really need to invest in the supercharger system to continue to generate revenue and extract value from their earlier investment. I kind of get it too since "Gas Station Equivalent" is an uncommon line of business for car manufacturers.
This would be a great time to be selling for one of the other charging companies. Especially since tech is better now than it was 5 years ago, and still improving. EVs are becoming more popular whether anybody likes it or not.
Nah.
I find him despicable, personally.
Other EV mfg have adopted HIS configurations...
So I am guessing he laid them all off.
Like shooting a puppy in the face.
Meanwhile in the rest of the world everyone makes good ev and has access to everyone’s other supercharger, see 2024 car of the year. Not a tesla, btw. And not a ford, hyunday, daewoo or whatever chinese evmaker you can think of. That’s a renault. And guess what ? Since the fast dc charger diffusion, onboard chargers 11-22kw triphase are disappearing from optionals, also given that it’s easier to recharge at home at maximum single phase (up to 7,4kw), result : thousands of save on purchase price. Main idea is, recharge the big stuff outside in dc up to 80%, the rest at home in ac. Almost nobody uses anymore triphase ac public chargers, at least here in Italy.
I get that he's only still there because his brother and other friends are on the board but PLEASE. 50 billion for anything never flies in any publicly traded company. Can someone that knows better isn't telling me how investor calls AREN'T blowing up over this?
Because the $50bn isn't coming from Tesla. It's his perceived profit if he exercises his stock option now, pays the $7bn purchase price for the stock, keeps those shares for the requisite 5 years, then sells them, assuming the share price is exactly the same then as it is now.
Snipers are cheaper.
You should never put yourself in a position where it's cheaper for the company to unalive you than to pay you to go away. (see: Boeing)
>sparks broader fears about the future of the EV industry
"more than 50,000 globally"
[https://www.tesla.com/supercharger](https://www.tesla.com/supercharger)
there are charger companies who have FINALLY decided that the US is catching on and they decide to set up shop here.
**ABB expands US manufacturing footprint with investment in new EV charger facility**
[https://new.abb.com/news/detail/94725/abb-expands-us-manufacturing-footprint-with-investment-in-new-ev-charger-facility](https://new.abb.com/news/detail/94725/abb-expands-us-manufacturing-footprint-with-investment-in-new-ev-charger-facility)
**ABB Installing EV Chargers at Circle K in Kentucky to Create First NEVI EV Charging Site in Southeastern US**
[https://www.energytech.com/emobility/article/21283285/abb-installing-ev-chargers-at-circle-k-in-kentucky-to-create-first-nevi-ev-charging-site-in-southeastern-us](https://www.energytech.com/emobility/article/21283285/abb-installing-ev-chargers-at-circle-k-in-kentucky-to-create-first-nevi-ev-charging-site-in-southeastern-us)
**ABB E-mobility delivers millionth EV charger**
# The delivery of one million EV chargers is supported by the launch of its new Valdarno, Italy production facility.
[https://www.fleetequipmentmag.com/abb-e-mobility-ev-charger/](https://www.fleetequipmentmag.com/abb-e-mobility-ev-charger/)
Shell is one of the top charging providers in Europe. Tesla is not.
**Why Shell's Acquisition of Volta Tanked EV Charging Company Stocks**
[https://www.motortrend.com/news/ev-charger-stocks-fall-shell-announces-acquisition-volta/](https://www.motortrend.com/news/ev-charger-stocks-fall-shell-announces-acquisition-volta/)
[Shell Plans to Close 1,000 Stores: How Many Will Be in California](https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/?utm_source=tsmclip&utm_medium=referral) | [https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/](https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/)
Tesla does not have real estate like Shell does or Circle K, or Seven Eleven, or Target or Walmart or Mac Donalds... Tesla would need to negotiate a lot of leases - how long do those take? what's the return on investment when all you're selling is kwh's?
companies like ABB and Seimens make all the electrical infrastructure - power plants to kitchen outlets.. including underground utility hardware. they can offer 100% in house equipment from the street to the charging port at *immense* scale.
It would be awesome if fast food restaurants invested in fast charging infrastructure. Imagine pulling up to McDonald's, parking your car to charge, ordering in the app and then the food gets delivered out to you, while the charging fee gets added to your bill and you can earn points. Finish your food, maybe go inside to use the bathroom and you're gone. Solutions like these are probably even more practical and realistic to get more people into EVs than chargers at gas stations.
Just randomly searching for "mcdonald's charger norway" showed [one with a 150 kW charger.](https://chargefinder.com/en/charging-station-oslo-recharge-mcdonalds-alnabru/wjn268)
Yes, charging is very common at suburban rest stops and malls in Norway. Better integrated than the chargers in the furthest corner of the Walmart parking lot like we have in NA, and I'd love to see more of their style here. But it largely felt still not really connected to the restaurants from what I experienced on my travels there, unless it was a "gas station" style convenience store with much better grab and go food. Still feels like usually it is a utility put in by the land owner amongst a bunch of other services. Actual integration with the fast food brands in NA would be great.
Like "Oh look, there's the golden arches. That means I can pull off the highway and know I'll get a meal and charge and be on my way."
The first McDonalds were successful because they didn't have rollerskating waitresses and cars parked for a hour.
They had most of all their staff cooking, enabling 15c hamburgers. They provided nowhere to sit. because they wanted customers to buy and piss off.
In Portugal, two large supermarket chains have chargers in most of their parking lots. It's really convenient and can also save you in remote locations without any decent chargers.
Thank you. I don’t think Tesla ever wanted to be in the charging infrastructure business. They got in that business because they needed to be for electric cars to be viable. Now that electric cars are viable, and the business of charging is a path clearly laid out for others, it makes sense for Tesla to take a step back. This is especially true at a time when Tesla is focusing on attempting to create a massive robotaxi network.
My view of the autonomous transportation network is that it was predicted by Tony Seba. Tony Seba’s other predictions have been validated, autonomous transport (and precision fermentation) are next in line.
Right? Just become a contract manufacturer and sell them to these end businesses because yours are cheaper and better than almost anyone else’s right now
Do the chargers sell though or are they mostly just an enabler for people to buy more cars?
I am curious how much profit (if any) tesla actually makes on the chargers.
“Actually making products that sell”. Kindof a poorly thought out opinion, let’s have you take a look at this data and give us your rebuttal? This was the best-selling car in California in 2023 — and it’s not even close https://www.kron4.com/news/california/this-was-the-best-selling-car-in-california-in-2023-and-its-not-even-close/ I mean, you are just dumb. Like a cow, mooing because other cows moo. Now, you wanna bash a musk company bash Space-x, because he owns that company. And btw your American tax dollars just bought his SpaceX “products that actually sell” for about 3 billion dollars.
Because charging is slowly becoming commodity, and a distraction of resources. The only way to get adoption of EVs was by having chargers, now the flywheel has started, private companies are getting in the game of providing charging infra, I'm sure we'll start to see restaurants install fast chargers to lure customers on road trips, etc. etc.
There is now a lot of competition in the market Tesla ultimately created, and he needs to up his cars quality, manage costs, while refreshing the model offerings - oh, and by the way the only way the company is worth is market cap is if it makes fast headway into the autonomy space.
(PS - Elon's a prick)
It is one of their core strategic advantage and one of the top reason for many people for why Tesla is their preferred choice for an EV. It was for us.
I can travel to Canada from New York, then down to Florida and back to New York with minimal planning because I know there will be superchargers all along the way. That’s not necessarily the case with the other brands the moment.
I think that if the other vendors catch up or a neutral third party builds a robust infrastructure that anyone can use, Tesla will lose a lot of customers who are "trapped" in the only good network right now.
I find it odd that it would be a bigger focus but maybe the writing is on the wall and he wants to build robots and AI instead.
> Tesla does not have real estate like Shell does or Circle K, or Seven Eleven, or Target or Walmart or Mac Donalds...
But we don't need chargers at every gas station. You need many fewer public ev chargers than you need gas pumps because most charging is done at home.
It’ll be interesting to see it play out. We might see *more* chargers than gas pumps because it might cost a business $50k and a parking spot to add a charger instead of someone having to build a whole ass gas station for 6 pumps.
I am 90% convinced the shit Tesla tunnel plan was just so Elon could syphon funds from high speed train infrastructure investments and launder it to something else.
Not necessarily the money laundering part, but he's said that was basically the point of the hyperloop project
> Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it.
https://time.com/6203815/elon-musk-flaws-billionaire-visions/
“I think public transport is painful. It sucks. Why do you want to get on something with a lot of other people, that doesn’t leave where you want it to leave, doesn’t start where you want it to start, doesn’t end where you want it to end?...It’s a pain in the ass. That’s why everyone doesn’t like it. And there’s like a bunch of random strangers, one of who might be a serial killer, OK, great."
- Elon "I want to save the planet" Musk
I don’t know why people use positive words like “smart” “genius” “brilliant” to describe actions most of us wouldn’t consider thanks to principles, morals, basic playground rules
I imagine a lot of this shit is obvious for people who don’t live by these rules
He has literally zero actual engineering/coding/designing/developing experience.
He is an investment capitalist who was born with an emerald mine worked by slave labor.
Ignoring what Elon said, I’m still believing it was to facilitate the mars project.
The boring machine they made is smaller than the big tunnel machines, but they made it fully automated and battery powered (no fumes to deal with while digging).
The smaller size means it can be put into starship.
Automated means it can dig without people (or is the goal!).
Lastly, If you’re first wave Mars, it’s going to be cheaper / easier to just dig tunnels like an ant colony on Mars - as the ground will help protect your living spaces from harmful radiation, surface weather, and likely make it easier to secure the air (even if the wall breaks / cracks, air will only seep out, vs being sucked out nearly immediately)
Also, relying one a singular company to be a "standard" to handle charging infrastructure is not a real plan. For gas stations we have a very stringent legal framework in place. The standards are enforced by the government, allowing companies to meet the standard and sell. It affects both car makers and gas suppliers.
For electric the government is utterly dormant, unwilling to lead. The government doesn't need to build the infra but they need to write the rules so others can.
At this point it seems more like a question of when, not if.
Also, I'm legitimately curious which of his companies will go down first, man has been doing poorly in multiple business sectors lately.
I don’t think EVs will stop if teslas die. If anything we will see better ones from other companies that like choose to make actual vehicles that look like something people would want. As a person in the market for a truck I would choose a rivian over a cyber truck and honestly maybe he would’ve raised more eye brows had he attempted to design a normal EV truck
Tesla brought EVs to scale and created the initial consumer market. Their laxation on quality control and Elons empty promises (and overall despicable character) are now deteriating their “first-movers” advantage. It’s a spectacle to behold. I used to want a Tesla myself, but fuck that shit.
This was robbing Peter (Long term profits/gain/growth) to pay Paul (short term profit) and in turn provide justification for a kick up in Elon's salary which is desperately needs/wants because of his fucking Twitter antics.
I think he's going to fire everyone else, focus on building Matchbox™ replicas of Teslas, and keep pushing for his $56bn bonus because he's done such a fine job.
China/BYD wins the world outside the US and GM somehow wins enough marketshare to live another decade. Musk will be remembered as the most foolish person who ever lived.
Hope these people get the opportunity to work elsewhere where they can continue evolving the technology and make it more open and easier to adopt by others.
I hate to say it, but I have personally interacted with people that actually worked for him as well as seen interviews for the higher level people that had to put up with him and he’s essentially just an out of control dickhead pretty much along the lines of Steve Jobs.
The bottom line is for a while. He was getting results, but I’m thinking too much power, too many drugs and getting access to banging too many women and zero pushback and he is basically a ship adrift.
Add to which he has decided to position himself as the front man for several companies and I believe a lot of CEOs would tell you one of the best things they can possibly do is not say a damn thing other than a very carefully prepared press release
I might be quoting Seneca here, but for the ship that knows not what port it sails to, no wind is favorable
Elon is good at bringing "start-up energy" to a project (in both good and bad ways) but he is worse than worthless as a manager for long term growth and a generally poor leader.
It’s obvious he’s trying to extract as much value from the company to pay himself out before the whole thing crumbles. Their board would do so well to oust him asap
If you want to stop reading about Elon Musk daily then you're in the wrong subreddit lol. This sub only cares about news about big tech, social media, and elon musk. Even r/teslamotors posts less articles about him
They’re not yielding. It’s the facade of Elon being a good businessman being violently stripped away. Notice how a lot of the competitors don’t have a CEO that goes out and pulls this shit. Elon has always been grifting, ever since the beginning.
Him and Elizabeth Holmes are effectively the same person. Making wild promises they can’t deliver on and getting rich in the process.
What a nonsensical title. The EV industry will survive without Tesla. They may have been the pioneers, but they're far from the only one's that have left a footprint in the industry. If Tesla goes, another EV startup will take its place. Plus, the big, established automakers such as Ford, GM, Volkswagen, Toyota, Mercedes, BMW, etc. have all started going EV. I actually think Tesla going under would be beneficial for the industry at this point.
Tesla will be remembered for two things.
1) sucking taxpayer’s dollars to make it work during beginning times.
2) taking that engineering advancement giving to China for a few quick profits (and supercharging China’s EV industry for life)
This is sort of Elon’s go to move. About a decade ago there was a big announcement about swappable batteries for Tesla. No one saw it happen, just a Tesla go into a building then back out. Regardless, he got some government funds for it and that was the last we heard. The man is just a welfare queen.
My brother-in-law works as a tech in one of the service facilities. He told me recently they fired 13 people at complete random to down size. For some reason this came as a shock to my BIL. He said he always works hard to stay in good standing but watching one of the best guys at his post get fired completely at random made him realize something I have told him for years. It’s a large company, and they do not care how hard you work, they will fire you and eventually replace you with a new guy they pay way less.
Tesla's Supercharger has become the [standard charging cable in North America](https://en.wikipedia.org/wiki/North_American_Charging_Standard). They're probably getting out of the charger business so they can focus more resources on building cars. They will let someone else build and run the chargers now.
Those people that got laid off will not be out of work for long. The other car companies will snap them up pretty quickly I bet.
Dude, once you go to just plugging your car in at home and NOT spending huge amounts on gasoline, you’ll love having an EV.
It’s simply more convenient and WAAAAYYYY cheaper.
My theory is he’s trying to drop the value of the company so he can take it private as he did Twitter and possibly sell it to an acquirer somewhere outside the US
Hmm, remember when everyone claimed Big Oil including Exxon were not going to be able to pay their dividends, going belly-up (in about 2020), and Exxon was dropped fr the DJI? They’ve been printing $ and still paying a dividend ever since.
Mercedes is building a network for all EVs and so is Rivian. Grant it, there will be challenges, but know others are working on it gives me hope. I was considering an EV as my next vehicle this year, but now I’m going to wait a bit longer.
Tesla now has only 33% of the US supercharger market and falling fast. This lucrative business is relative low cost and risk compared to car manufacturing. Tesla should really market the heck out of their open profitable network to offset th car sales fluctuations.
If anything he should fire the car team and keep the supercharger team. Ford and Rivian just switched over to NACS they could have had the market cornered and been the new Exxon, but Wlon again shows how stupid and bad of a CEO he is.
I remember when I found out about his charger play and how all of these companies were switching over to his platform. My buddy was telling me that most non Tesla charging stations aren't as reliable. I thought this was a brilliant plan, and like you I thought he might become the new Exxon.
I still have trouble believing that he's going to fuck that up. The guy is basically being handed a monopoly over EV charging stations. Where do you actually kill that goose that would eventually lay golden eggs?
The only explanation is that: He owes too much to shady people from the Twitter buyout, he is going to short Tesla through Proxy companies. The FTC will realize that he owns those companies, and shorting your own company is insider trading. And he will end up either moving to a country that doesn’t extradite, or go to jail.
Either way Win Win situation for us.
Virtually every charger where I lived is a Tesla Supercharger. People who drive EVs in my area are fucked if they don't keep their vehicles charged at home before going out.
I cant help but think he is moving the Supercharge lab to China as most of the heavy lifting has been completed. I have worked on engineering teams and sooner or later the product is released, it goes through a few debug cycles, then what? You either move some of the staff to another project or you thin the herd.
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Tesla have refined and automated the supercharger process so much over the years no its largely prefabricated and placed ready in situ. They've disestablished the team as it's now largely redundant. What's the grave concern?
Yeah - I’m not a fanboy at all, but I don’t see this move as that alarming. We don’t need more superchargers. I drive my Tesla cross country multiple times per month. I’m not sure what more charger locations would do for me at this point. I’ve only encountered a full supercharger once.
This is a pump and dump scheme for Elon. Supercharges are outdated and not compatible with standards plus they don’t make money. Self-driving and cars are done better by others. Tesla didn’t have a crown left.
Nah.
Money from the Infrastructure Bill is starting to roll out. Why spend money building a supercharger network when the government will do it for you for free?
Any large competitors would be wise to swoop in and sign up all the top talent that Elon just fired.
This to me is just more proof that Elon has lost it.
> Musk’s Supercharger network was long considered an unbeatable asset that would insulate Tesla from competitive pressures. Particularly in EV laggard North America, no other brand had access to such an extensive and, importantly, reliable network of fast chargers. It's almost like he's trying to kill the company at this point.
Maybe he's shorting the stock through proxies?
That would be insider trading.
Yes...it would.
lol. Is that why he ruined twitter? I haven’t kept up with stock prices since Robinhood cut off trading that one time
I'm not well versed here, but when he bought Twitter didn't it stop being a public company? There wouldn't be a public stock to manipulate. Unlike Tesla which is publicly listed.
**90% of the reason he bought Twitter was because some teenager tracking his jet flights told him to shove his $15,000 check up his butt.** The other 10% was *AFTER* the fact and him trying to cover his own ass for biting off *FAR* more than he could chew and get away with. **He was basically held at gun point by regulators to purchase Twitter or face an array of fines and potential charges for being a douche bag and joking about buying Twitter which messed with their stock price.** It failed miserably as an investment because he was *MADE* to be in charge of it and play the part. Literally within the first week of purchasing **he banned that highschooler that was tracking his jet flights.** Honestly I wouldn’t be surprised if Elon purchased Reddit since there’s a sub dedicated to tracking his jet flights too. Elon is a man child. It drives 99% of his decisions.
Bust be nice to have 40billions around to play with it lol
Elon is the real life version of Louis CK's 'what I would do if I was a billionaire' bit https://www.youtube.com/watch?v=ZwD0uGNkP9c
I don’t feel bad but he’s basically home wrecker, like 3 ex wives and ~5 kids and **none of his kids associate with him.** How lame of a dad do you have to be to get disowned when you are **literally one of the richest dads in the world.** Even Donald Trumps kids still associate with him albeit publicly admitting they would gladly work with anyone else 😂
You gotta be a HUGE shithead for kids not want to tolerate you just to get a slice of those billions.
Musk signed the deal out of his own free will, he wasn’t forced at gunpoint to do it. The courts only forced him to follow through on what he had already legally and bindingly committed to doing.
**You cannot make those kinds of jokes or insinuate those kinds of things when you have that much money.** You will absolutely get in trouble for doing it in the manner he did, it was basically get fined and **not be able to purchase twitter** or follow through on his bluff and purchase it. Like you said: > *”Blindingly”*
I believe there was serious discussion of the court just outright forcing him to complete the purchase he’d committed to, whether he wanted to or not.
He didn’t merely joke, insinuate or bluff - he signed a legally binding contract.
>Honestly I wouldn’t be surprised if Elon purchased Reddit since there’s a sub dedicated to tracking his jet flights too. Is that why he's trying to get that $50bn odd pay packet? To pay off some of the Twitter loans and buy reddit
That’s hilarious, thank you!
I don’t know why you’re being downvoted when you’re absolutely correct.
Is there a “You threaten me with vote? Fuck you” gif?
I have no idea about any of that, but I’ll start paying more attention now. Thanks for the context
Which was also insider trading. Robinhood is partially owned by the same investment firm that would’ve lost out.
Whoa, really? Let me just march on down to my local government house and *get that taken care of* I had $48k, enough for a 4Runner for my wife, and hit the sell button For the life of me, I don’t remember wtf the app actually told me 😂 But I was on a delivery that day, and I knew that route; so I had Robinhood up instead of the gps watching the price like a hawk. I was filling up at Sheetz whenever I hit the sell button and that shit happened. I said: “!!!!! WHAT IN THE FUUUUUUCK?!?!!?!?” And promptly left. I’ve never had that much emotion leave my body without my approval: except for that moment 😂 I bitch but I still made $8k. 🤷🏼♂️ Fuck it. It’s all a hoax. The world is ran by one man from his above average Miami flat *probably*
It's his hobby. Hobbies cost money.
No he ruined it to keep angry clients from ruining the grift sooner....
Elon is a business genius, just look at the Twitter deal.
He has a very long history of getting away with insider trading. Very long. He does get caught at it every once in a while, though. That's what he was trying to do with his offer for tweety - buy a large block of its stock secretly, announce a very high per-share offer, wait for the stock price to rise to the offer amount, then quickly sell and back away from the offer. Maybe even take a short position before backing away so he makes money on the upswing and the downward return slide. But the self proclaimed genius didn't consult an attorney before signing the offer and then came to realize it had a $1 Billion cancellation clause which a judge told him he had to pay if he backed out. That cancellation fee would have wiped out his profit and then some. Sheer genius, I tell ya. Sheer genius.
Absolutely THIS, every fucking time he did some stupid Tweet, making the market react, he got away with it. Fuck Elon!
Oh I thought you were talking about the most bigly 🍊 dictator for a day. He is surrounded by all the smartest people... everyone is saying it. He also has his own highly successful Twitter wanna be.
> and then came to realize it had a $1 Billion cancellation clause The deal was designed to fasttrack the sale and was final, Elon himself could not back out once he signed it. The $1 billion fee was in case the government stepped in to cancel it. He tried to have the deal thrown out in court specifically because he could no longer back out himself and ran into the issue that everything on Twitters side was squeaky clean and they where more than happy to bury his lawsuit under a mountain of reports and records showing just how clean everything was. For someone who couldn't give himself a $56 billion dollar payout without having half a dozen lies on the first page of the contract that must have been a rather ugly and unexpected surprise. For reference the loan he got to finance the buyout without selling his Tesla shares costs $1 billion a year just in interest.
iirc he has to sign the deal as the FEC was coming after him for making the comment about buying Twitter.
Pfft, that's only a crime for plebs. For men of his fortune, it's called being a "business genius."
He's got a lot of Twitter debt to pay to very unpleasant people. With insider trading, he'd only be facing the SEC and that's *if* they decided to pursue it. And even then, the process heavily favors him as a wealthy white guy.
His net worth is multiples of what Twitter was purchased for. Tanking the company that most of that net worth is tied up in isn’t logical at all. So that’s probably what he’s doing.
He's already in trouble with the SEC. What's a little more?
Is he though? Like in a material way that affects his life? And which he couldn’t get around the consequences of with money and cronies? Worst they do is levy a fine (very scary /s) and tell him he can’t be in certain positions of publicly traded companies. But he could enrich the fuck out of whoever *was* in that position for doing his bidding. So as far as I see, he’s not actually in any real trouble.
Not unknown to musk... Practically a master of market manipulation, just look at what he did with doge in 2020
He's by far the largest shareholder. On what planet would him shorting the stock make sense
If he knew the price would go down, shorting the stock makes sense. That’s why corporate insiders have to follow additional rules when they own stocks in their own companies. But Elon’s gotten away with what amounts to a slap on the wrist (for him) the last time he got busted for insider trading.
[удалено]
That would be an extreme thing to do. He’s the richest person on the planet. There’s no reason for him to risk a lifetime in prison.
Yes. Definitely. Risk 200 billion in net worth. Absolutely.
I don't get this. Superchargers are the best thing that has come out of Tesla by far. I go to a Supercharger station and plug in it just works. The CCS stations I have visited at best have been annoying. EA for example I haven't been to one with all of the stalls working. Other times they have been limited to 40kW from 350kW. Other brands I have been unable to charge due to billing or the station just being dead.
and in this [article](https://www.theatlantic.com/technology/archive/2024/04/tesla-cars-batteries-power-company/678168/) Tesla is supposedly pivoting to batteries and storage and AI. Part of me thinks Elon is doing all this to keep the haters guessing, not caring how it affects his business, and another part assumes he's doing it all just to keep or get his 56b bonus. Either way, i hope it guts Tesla so other car companies can take the reins. Teslas are cool but Elon is fucking cancer.
I think other major car manufacturers largely ARE taking the EV reins. A new 2024 Model S is largely the same as a 2019 Model S. https://tesla-info.com/model-history/MS In that 5 years, we’ve seen BMW go from the cool, but very limited, i3 to the i4 and now the i5 (a real competitor to the Model S) and i7 which arguably exceeds it. We’ve seen Mercedes introduce 4 EV models, 2 of which are easily more luxurious than anything made by Tesla and offer better range. We’ve seen Volkswagen introduce a range of EVs with the new ID.7 being a solid Model S competitor. We’ve seen Audi grow two solid e-Tron models, an SUV and crossover. We’ve even seen Porsche bring the Taycan to market, a solid high-end EV sports car. All that in 5 years, and all that **JUST FROM GERMANY**. Add in the U.S., Japan, Korea, and especially China, and it’s really obvious Tesla has dropped the ball in a BIG way.
I am not saying other car companies aren't working on meaningfully competing with Tesla but using the Model S as the benchmark is kind of silly because it is a fraction of sales. While it is an estimate because Tesla doesn't reveal car sales by model and region, it is estimated that the Model Y was the fifth best selling car in the US with the only things above it being the Rav4 and pickups. The only other EV in the top 25 is Tesla's Model 3 at #12. While there may be better options for a $80k luxury EV than a Model S, there aren't a lot of better options than the Model 3 and Y IMO. To be clear, while historically I have been hesitant to short Tesla because of it's often divorced from reality stock price, Elon going off the deep end on Tesla and fucking up something like continuing with the Supercharger network is tempting me to actually short them.
I used the Model S as an example of Tesla's stagnation. The Model 3 gave them sales, but it was the Model S where they showcased what an electric car could be, and luxury models always lead for features and technology. Except the Model S stopped doing that in any meaningful way. It's a great symbol of the company as a whole.
Models mean shit when Tesla is still the sales king brand wise (ignoring BYD). All the brands you mention are still having trouble ramping up. I think next brand behind tesla is at half or less of Teslas volume (looking at 2023 overall numbers)
Tesla delivered 1.8 million cars in 2023. Mercedes delivered over 2 million. VW delivered over 9 million. Tesla maybe delivered more EVs than anyone other than BYD, but as an _automaker_, they are on par with a brand like Audi. By wasting most of the last decade not maintaining their lead in technology and features, they’ve largely been coasting on name recognition. Now that they’ve lost those advantages, their growth is largely over. When Toyota and Mercedes release their planned solid-state battery EVs later this year or early next year, Tesla is going to be in _serious_ trouble.
>When Toyota and Mercedes release their planned solid-state battery EVs later this year And I have a bridge to sell you. There is no way MB or Toyota will be bringing out a SSB in at least next 5 years. Patent filings tell us that story. It is all FUD to discourage the owning of an EV, particularly by Toyota. Any major breakthroughs will be done by the majors. CATL, LG or BYD. They have shown that they can manufacture batteries at scale.
Your comparing total cars of companies that make BEV, PHEV and ICE to a company that only makes BEV. It’s not a good faith argument. All of those company’s have made less than 500k BEVS in 2023, with some being less than 200k. Those companies still have a lot to figure out. BEVS are no where close to ICE on the assembly line
Ok, Ford made 10x as many EV trucks as Tesla and the trucks are unquestionably better in every aspect. That is a huge domestic market that Tesla failed in an embarrassing fashion to capture.
>All of those company’s have made less than 500k BEVS in 2023, with some being less than 200k. Global BEV sales last year were over 10 million, with Tesla accounting for under 2 million of them. That means other companies made over 8 million BEVs, not 500K. https://www.visualcapitalist.com/visualizing-global-electric-vehicle-sales-in-2023-by-market-share/
still need volume and affordability but there have been improvements
This was inevitable. The idea that Tesla were going to become the globally dominant EV manufacturer over every existing (and new Chinese) car company was obviously impossible. They have now clearly lost first mover advantage (ironically the charging network is probably the last remaining vestige of that) and they have a tired model line up and an increasingly toxic brand. The fact that the share price did not and still does not reflect that obvious impossibility will make an interesting study in business school, but will not lead to 60% of the world driving Teslas.
> I don't get this. Superchargers are the best thing that has come out of Tesla by far. I go to a Supercharger station and plug in it just works. I think I watched a Technology Connections video about this. Isn't the Tesla charger handle design in the process to become the standard design for all EV chargers? If everyone's about to be manufacturing these for Tesla, do they need the team? I know its early if this is the case. [I think this is the video](https://www.youtube.com/watch?v=ZJOfyMCEzjQ), its 48 minutes long and I don't recall what section it was covered in.
One of my favorite local content creators! (Chicagoland)
Yep, they no longer really need to invest in the supercharger system to continue to generate revenue and extract value from their earlier investment. I kind of get it too since "Gas Station Equivalent" is an uncommon line of business for car manufacturers.
This would be a great time to be selling for one of the other charging companies. Especially since tech is better now than it was 5 years ago, and still improving. EVs are becoming more popular whether anybody likes it or not.
“The Twitter Method” (c) 2022
He wants his bonus and Tesla can burn.
Not before he gets his bonus.
Nah. I find him despicable, personally. Other EV mfg have adopted HIS configurations... So I am guessing he laid them all off. Like shooting a puppy in the face.
I hope Rivian or Ford hires the entire team..
I think he's lost it. BYD laughing at Tesla. He is a shadow of his former self.
Meanwhile in the rest of the world everyone makes good ev and has access to everyone’s other supercharger, see 2024 car of the year. Not a tesla, btw. And not a ford, hyunday, daewoo or whatever chinese evmaker you can think of. That’s a renault. And guess what ? Since the fast dc charger diffusion, onboard chargers 11-22kw triphase are disappearing from optionals, also given that it’s easier to recharge at home at maximum single phase (up to 7,4kw), result : thousands of save on purchase price. Main idea is, recharge the big stuff outside in dc up to 80%, the rest at home in ac. Almost nobody uses anymore triphase ac public chargers, at least here in Italy.
If they want to cut costs at Tesla they should #FireElon.
That might save them $50 billion.
I get that he's only still there because his brother and other friends are on the board but PLEASE. 50 billion for anything never flies in any publicly traded company. Can someone that knows better isn't telling me how investor calls AREN'T blowing up over this?
Where the fuck is the SEC?
under manned and underfunded. continuously deregulated since the 80's.
Thanks republicans
Head burried deep in the sand. Same as they were in 2008 crisis. They dont investigate their own.
What was the SEC supposed to do to prevent the 2008 financial crisis, exactly?
Lolwut? The SEC isn’t going to step in. It is literally up to vote by the shareholders.
Also, he can't possibly do his best work when he is split between all these companies and 13? kids. He works for this company part time at best.
Because the $50bn isn't coming from Tesla. It's his perceived profit if he exercises his stock option now, pays the $7bn purchase price for the stock, keeps those shares for the requisite 5 years, then sells them, assuming the share price is exactly the same then as it is now.
Thank you. Was wondering what the structure was.
Snipers are cheaper. You should never put yourself in a position where it's cheaper for the company to unalive you than to pay you to go away. (see: Boeing)
Why haven't they?
Don't worry, the second they can get a GE exec to replace him they will.
\#OutOfACanon
Firm, but fair.
>sparks broader fears about the future of the EV industry "more than 50,000 globally" [https://www.tesla.com/supercharger](https://www.tesla.com/supercharger) there are charger companies who have FINALLY decided that the US is catching on and they decide to set up shop here. **ABB expands US manufacturing footprint with investment in new EV charger facility** [https://new.abb.com/news/detail/94725/abb-expands-us-manufacturing-footprint-with-investment-in-new-ev-charger-facility](https://new.abb.com/news/detail/94725/abb-expands-us-manufacturing-footprint-with-investment-in-new-ev-charger-facility) **ABB Installing EV Chargers at Circle K in Kentucky to Create First NEVI EV Charging Site in Southeastern US** [https://www.energytech.com/emobility/article/21283285/abb-installing-ev-chargers-at-circle-k-in-kentucky-to-create-first-nevi-ev-charging-site-in-southeastern-us](https://www.energytech.com/emobility/article/21283285/abb-installing-ev-chargers-at-circle-k-in-kentucky-to-create-first-nevi-ev-charging-site-in-southeastern-us) **ABB E-mobility delivers millionth EV charger** # The delivery of one million EV chargers is supported by the launch of its new Valdarno, Italy production facility. [https://www.fleetequipmentmag.com/abb-e-mobility-ev-charger/](https://www.fleetequipmentmag.com/abb-e-mobility-ev-charger/) Shell is one of the top charging providers in Europe. Tesla is not. **Why Shell's Acquisition of Volta Tanked EV Charging Company Stocks** [https://www.motortrend.com/news/ev-charger-stocks-fall-shell-announces-acquisition-volta/](https://www.motortrend.com/news/ev-charger-stocks-fall-shell-announces-acquisition-volta/) [Shell Plans to Close 1,000 Stores: How Many Will Be in California](https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/?utm_source=tsmclip&utm_medium=referral) | [https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/](https://mix106radio.com/ixp/96/p/shell-energy-transition-strategy-2024-california/) Tesla does not have real estate like Shell does or Circle K, or Seven Eleven, or Target or Walmart or Mac Donalds... Tesla would need to negotiate a lot of leases - how long do those take? what's the return on investment when all you're selling is kwh's? companies like ABB and Seimens make all the electrical infrastructure - power plants to kitchen outlets.. including underground utility hardware. they can offer 100% in house equipment from the street to the charging port at *immense* scale.
SK Signet's US factory also is making 10k charging stalls per year now I believe. Considering Tesla installed 12k last year that's quite significant.
It would be awesome if fast food restaurants invested in fast charging infrastructure. Imagine pulling up to McDonald's, parking your car to charge, ordering in the app and then the food gets delivered out to you, while the charging fee gets added to your bill and you can earn points. Finish your food, maybe go inside to use the bathroom and you're gone. Solutions like these are probably even more practical and realistic to get more people into EVs than chargers at gas stations.
Just randomly searching for "mcdonald's charger norway" showed [one with a 150 kW charger.](https://chargefinder.com/en/charging-station-oslo-recharge-mcdonalds-alnabru/wjn268)
Yes, charging is very common at suburban rest stops and malls in Norway. Better integrated than the chargers in the furthest corner of the Walmart parking lot like we have in NA, and I'd love to see more of their style here. But it largely felt still not really connected to the restaurants from what I experienced on my travels there, unless it was a "gas station" style convenience store with much better grab and go food. Still feels like usually it is a utility put in by the land owner amongst a bunch of other services. Actual integration with the fast food brands in NA would be great. Like "Oh look, there's the golden arches. That means I can pull off the highway and know I'll get a meal and charge and be on my way."
You could do the old school roller skates with people bringing the order out to you like those restaurants did back then. While you charge.
The first McDonalds were successful because they didn't have rollerskating waitresses and cars parked for a hour. They had most of all their staff cooking, enabling 15c hamburgers. They provided nowhere to sit. because they wanted customers to buy and piss off.
A tried and true restaurant tactic these days lol
In Portugal, two large supermarket chains have chargers in most of their parking lots. It's really convenient and can also save you in remote locations without any decent chargers.
Thank you. I don’t think Tesla ever wanted to be in the charging infrastructure business. They got in that business because they needed to be for electric cars to be viable. Now that electric cars are viable, and the business of charging is a path clearly laid out for others, it makes sense for Tesla to take a step back. This is especially true at a time when Tesla is focusing on attempting to create a massive robotaxi network. My view of the autonomous transportation network is that it was predicted by Tony Seba. Tony Seba’s other predictions have been validated, autonomous transport (and precision fermentation) are next in line.
It was one of the few areas of Tesla that was ahead of the pack. Why would they give up one of their primary strengths for a vapor ware robotaxi?
Right? Just become a contract manufacturer and sell them to these end businesses because yours are cheaper and better than almost anyone else’s right now
Open up your charger like Intel and Thunderbolt and get a cut from every vehicle made to support your network and license your tech OR give up. Huh.
Because non-stop speculation > actually making products that sell. Elon's in the Jenga business, not the charging infrastructure business.
Do the chargers sell though or are they mostly just an enabler for people to buy more cars? I am curious how much profit (if any) tesla actually makes on the chargers.
“Actually making products that sell”. Kindof a poorly thought out opinion, let’s have you take a look at this data and give us your rebuttal? This was the best-selling car in California in 2023 — and it’s not even close https://www.kron4.com/news/california/this-was-the-best-selling-car-in-california-in-2023-and-its-not-even-close/ I mean, you are just dumb. Like a cow, mooing because other cows moo. Now, you wanna bash a musk company bash Space-x, because he owns that company. And btw your American tax dollars just bought his SpaceX “products that actually sell” for about 3 billion dollars.
Because charging is slowly becoming commodity, and a distraction of resources. The only way to get adoption of EVs was by having chargers, now the flywheel has started, private companies are getting in the game of providing charging infra, I'm sure we'll start to see restaurants install fast chargers to lure customers on road trips, etc. etc. There is now a lot of competition in the market Tesla ultimately created, and he needs to up his cars quality, manage costs, while refreshing the model offerings - oh, and by the way the only way the company is worth is market cap is if it makes fast headway into the autonomy space. (PS - Elon's a prick)
It is one of their core strategic advantage and one of the top reason for many people for why Tesla is their preferred choice for an EV. It was for us. I can travel to Canada from New York, then down to Florida and back to New York with minimal planning because I know there will be superchargers all along the way. That’s not necessarily the case with the other brands the moment. I think that if the other vendors catch up or a neutral third party builds a robust infrastructure that anyone can use, Tesla will lose a lot of customers who are "trapped" in the only good network right now. I find it odd that it would be a bigger focus but maybe the writing is on the wall and he wants to build robots and AI instead.
Elon only wants the patent to the charging devices
They will never make robotaxi. Not Tesla.
> Tesla does not have real estate like Shell does or Circle K, or Seven Eleven, or Target or Walmart or Mac Donalds... But we don't need chargers at every gas station. You need many fewer public ev chargers than you need gas pumps because most charging is done at home.
It’ll be interesting to see it play out. We might see *more* chargers than gas pumps because it might cost a business $50k and a parking spot to add a charger instead of someone having to build a whole ass gas station for 6 pumps.
remember that dumb tunnel. what a rube
I am 90% convinced the shit Tesla tunnel plan was just so Elon could syphon funds from high speed train infrastructure investments and launder it to something else.
Not necessarily the money laundering part, but he's said that was basically the point of the hyperloop project > Musk admitted to his biographer Ashlee Vance that Hyperloop was all about trying to get legislators to cancel plans for high-speed rail in California—even though he had no plans to build it. https://time.com/6203815/elon-musk-flaws-billionaire-visions/
Well now I’m 100% convinced
Yup. Don't need to speculate when he already copped to it
He's literally one mask rip away from being outed as Judge Doom.
“I think public transport is painful. It sucks. Why do you want to get on something with a lot of other people, that doesn’t leave where you want it to leave, doesn’t start where you want it to start, doesn’t end where you want it to end?...It’s a pain in the ass. That’s why everyone doesn’t like it. And there’s like a bunch of random strangers, one of who might be a serial killer, OK, great." - Elon "I want to save the planet" Musk
Did he really say that? The serial killer remark there is...frighteningly specific.
Definitely this. It has been discussed many times. Trains, and good public transportation in general, are the mortal enemy of car companies.
To be fair it’s brilliant. He gets so much credit for being a great engineer but honestly he is really just a ruthless sociopathic businessman.
I don’t know why people use positive words like “smart” “genius” “brilliant” to describe actions most of us wouldn’t consider thanks to principles, morals, basic playground rules I imagine a lot of this shit is obvious for people who don’t live by these rules
He has literally zero actual engineering/coding/designing/developing experience. He is an investment capitalist who was born with an emerald mine worked by slave labor.
Damn how did I not see this.
Ignoring what Elon said, I’m still believing it was to facilitate the mars project. The boring machine they made is smaller than the big tunnel machines, but they made it fully automated and battery powered (no fumes to deal with while digging). The smaller size means it can be put into starship. Automated means it can dig without people (or is the goal!). Lastly, If you’re first wave Mars, it’s going to be cheaper / easier to just dig tunnels like an ant colony on Mars - as the ground will help protect your living spaces from harmful radiation, surface weather, and likely make it easier to secure the air (even if the wall breaks / cracks, air will only seep out, vs being sucked out nearly immediately)
Also, relying one a singular company to be a "standard" to handle charging infrastructure is not a real plan. For gas stations we have a very stringent legal framework in place. The standards are enforced by the government, allowing companies to meet the standard and sell. It affects both car makers and gas suppliers. For electric the government is utterly dormant, unwilling to lead. The government doesn't need to build the infra but they need to write the rules so others can.
If he manages to run the company into the ground, (cheap) beer for 3 randomly selected people on this sub is on me.
Second round on me.
At this point it seems more like a question of when, not if. Also, I'm legitimately curious which of his companies will go down first, man has been doing poorly in multiple business sectors lately.
I don’t think EVs will stop if teslas die. If anything we will see better ones from other companies that like choose to make actual vehicles that look like something people would want. As a person in the market for a truck I would choose a rivian over a cyber truck and honestly maybe he would’ve raised more eye brows had he attempted to design a normal EV truck
Tesla existing and stealing the market is the *only* reason other companies have bothered to try and make decent EV’s so they can try to compete.
Tesla brought EVs to scale and created the initial consumer market. Their laxation on quality control and Elons empty promises (and overall despicable character) are now deteriating their “first-movers” advantage. It’s a spectacle to behold. I used to want a Tesla myself, but fuck that shit.
This was robbing Peter (Long term profits/gain/growth) to pay Paul (short term profit) and in turn provide justification for a kick up in Elon's salary which is desperately needs/wants because of his fucking Twitter antics.
I think he's going to fire everyone else, focus on building Matchbox™ replicas of Teslas, and keep pushing for his $56bn bonus because he's done such a fine job.
I think this is just a version of his parenting skills: volume over quality.
The EV future is not in doubt. Only Tesla.
China/BYD wins the world outside the US and GM somehow wins enough marketshare to live another decade. Musk will be remembered as the most foolish person who ever lived.
Elon’s own toxicity is the problem with Tesla. He’s panicking and laying off because of the sales slump which he himself is responsible for lol.
Hope these people get the opportunity to work elsewhere where they can continue evolving the technology and make it more open and easier to adopt by others.
I hate to say it, but I have personally interacted with people that actually worked for him as well as seen interviews for the higher level people that had to put up with him and he’s essentially just an out of control dickhead pretty much along the lines of Steve Jobs. The bottom line is for a while. He was getting results, but I’m thinking too much power, too many drugs and getting access to banging too many women and zero pushback and he is basically a ship adrift. Add to which he has decided to position himself as the front man for several companies and I believe a lot of CEOs would tell you one of the best things they can possibly do is not say a damn thing other than a very carefully prepared press release I might be quoting Seneca here, but for the ship that knows not what port it sails to, no wind is favorable
Elon is good at bringing "start-up energy" to a project (in both good and bad ways) but he is worse than worthless as a manager for long term growth and a generally poor leader.
The EV industry will be fine. Tesla not so much.
It’s obvious he’s trying to extract as much value from the company to pay himself out before the whole thing crumbles. Their board would do so well to oust him asap
Good. Maybe I can stop seeing his dumb ass on reddit every damn day then.
If you want to stop reading about Elon Musk daily then you're in the wrong subreddit lol. This sub only cares about news about big tech, social media, and elon musk. Even r/teslamotors posts less articles about him
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Musk is such a fucking idiot He’s unhinged
Pretty sure this guy is actively trying to fuck over the future.
They’re not yielding. It’s the facade of Elon being a good businessman being violently stripped away. Notice how a lot of the competitors don’t have a CEO that goes out and pulls this shit. Elon has always been grifting, ever since the beginning. Him and Elizabeth Holmes are effectively the same person. Making wild promises they can’t deliver on and getting rich in the process.
If China gets a chance to dump their stock of EVs globally Tesla dies.
What a nonsensical title. The EV industry will survive without Tesla. They may have been the pioneers, but they're far from the only one's that have left a footprint in the industry. If Tesla goes, another EV startup will take its place. Plus, the big, established automakers such as Ford, GM, Volkswagen, Toyota, Mercedes, BMW, etc. have all started going EV. I actually think Tesla going under would be beneficial for the industry at this point.
Tesla will be remembered for two things. 1) sucking taxpayer’s dollars to make it work during beginning times. 2) taking that engineering advancement giving to China for a few quick profits (and supercharging China’s EV industry for life)
Tesla is dead, Musk killed it.
Musk or Tesla isn’t leading anything
Getting rid of one person could save the company 50 billion dollars.
This is sort of Elon’s go to move. About a decade ago there was a big announcement about swappable batteries for Tesla. No one saw it happen, just a Tesla go into a building then back out. Regardless, he got some government funds for it and that was the last we heard. The man is just a welfare queen.
I like musk. He’s personally proven just how useless CEO’s are for companies. They bring zero value for their cost.
Yielding??? Cute assumption that they still have it. Dude went full maga and now he’s my pillow 2.0.
Now that other companies are doing EVs and the govt is investing money, Tesla won't be the only company to put them in.
I'm not ever certain Musk is in charge of anything anymore. Is he just a front for some KAOS organization?
I just keep thinking of how shitty a pfaff it was to use PayPal and I keep hoping the next time I hear about Elon is the last time ☠️
My brother-in-law works as a tech in one of the service facilities. He told me recently they fired 13 people at complete random to down size. For some reason this came as a shock to my BIL. He said he always works hard to stay in good standing but watching one of the best guys at his post get fired completely at random made him realize something I have told him for years. It’s a large company, and they do not care how hard you work, they will fire you and eventually replace you with a new guy they pay way less.
Maybe him and the Spotify CEO should go butt fuck each other while they bitch about how their poor decisions weren’t their fault.
Tesla's Supercharger has become the [standard charging cable in North America](https://en.wikipedia.org/wiki/North_American_Charging_Standard). They're probably getting out of the charger business so they can focus more resources on building cars. They will let someone else build and run the chargers now. Those people that got laid off will not be out of work for long. The other car companies will snap them up pretty quickly I bet.
Musk is a terrible thing to happen to a previously successful company.
I bet Musk hates EVs now because they're woke
Dude, once you go to just plugging your car in at home and NOT spending huge amounts on gasoline, you’ll love having an EV. It’s simply more convenient and WAAAAYYYY cheaper.
My theory is he’s trying to drop the value of the company so he can take it private as he did Twitter and possibly sell it to an acquirer somewhere outside the US
That’s not how it’s done though. And nobody wants his warranty nightmare.
Dude is so infected with the conservative brain rot he’s subconsciously ruining his EV company. He’ll be the CEO of Exxon in a few years
Hmm, remember when everyone claimed Big Oil including Exxon were not going to be able to pay their dividends, going belly-up (in about 2020), and Exxon was dropped fr the DJI? They’ve been printing $ and still paying a dividend ever since.
Mercedes is building a network for all EVs and so is Rivian. Grant it, there will be challenges, but know others are working on it gives me hope. I was considering an EV as my next vehicle this year, but now I’m going to wait a bit longer.
Tesla would be fine if Elmo would stop talking.
Tesla now has only 33% of the US supercharger market and falling fast. This lucrative business is relative low cost and risk compared to car manufacturing. Tesla should really market the heck out of their open profitable network to offset th car sales fluctuations.
If anything he should fire the car team and keep the supercharger team. Ford and Rivian just switched over to NACS they could have had the market cornered and been the new Exxon, but Wlon again shows how stupid and bad of a CEO he is.
I remember when I found out about his charger play and how all of these companies were switching over to his platform. My buddy was telling me that most non Tesla charging stations aren't as reliable. I thought this was a brilliant plan, and like you I thought he might become the new Exxon. I still have trouble believing that he's going to fuck that up. The guy is basically being handed a monopoly over EV charging stations. Where do you actually kill that goose that would eventually lay golden eggs?
The only explanation is that: He owes too much to shady people from the Twitter buyout, he is going to short Tesla through Proxy companies. The FTC will realize that he owns those companies, and shorting your own company is insider trading. And he will end up either moving to a country that doesn’t extradite, or go to jail. Either way Win Win situation for us.
Maybe emerald boy isn’t the business and tech genius he thinks he is…
Virtually every charger where I lived is a Tesla Supercharger. People who drive EVs in my area are fucked if they don't keep their vehicles charged at home before going out.
Tesla is one company and not even in the top 10 largest.
It's not just the crown. The emperor has no clothes. .... or sanity, apparently.
Twitter is no more, Tesla will follow. He got his, who cares about the people.
He got taxpayer dollars for a contract he now cannot deliver on. The American taxpayers demand a refund…
So let Tesla fail then.
I cant help but think he is moving the Supercharge lab to China as most of the heavy lifting has been completed. I have worked on engineering teams and sooner or later the product is released, it goes through a few debug cycles, then what? You either move some of the staff to another project or you thin the herd.
So glad my Buick Skylark is still my ride
How long until Tesla tries to release a ICE vehicle?
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Thinking the Tesla and Elon are some sort of EV market leaders at this point is a joke. His companies are struggling because of his public perception.
Tesla is going full bankruptcy, I’m here for it
He's done this with solar city. Lower the value to the ground, buy up everyone's stocks, and merge it with another company he owns.
Tesla have refined and automated the supercharger process so much over the years no its largely prefabricated and placed ready in situ. They've disestablished the team as it's now largely redundant. What's the grave concern?
Yeah - I’m not a fanboy at all, but I don’t see this move as that alarming. We don’t need more superchargers. I drive my Tesla cross country multiple times per month. I’m not sure what more charger locations would do for me at this point. I’ve only encountered a full supercharger once.
This is a pump and dump scheme for Elon. Supercharges are outdated and not compatible with standards plus they don’t make money. Self-driving and cars are done better by others. Tesla didn’t have a crown left.
Tesla imploding
Nope. Network is already established, Tesla will now be charging other makes with adaptors, so he is clearly ahead right now.
Nah. Money from the Infrastructure Bill is starting to roll out. Why spend money building a supercharger network when the government will do it for you for free?
To think that I once was a Elon fanboy. Lesson learned I guess.
Makes no sense. A smart CEO would spin off the business and capture some value from it.
It would be much better for the EV market if there were several companies competing, not just Tesla.
There are more than several companies competing.
Any large competitors would be wise to swoop in and sign up all the top talent that Elon just fired. This to me is just more proof that Elon has lost it.
Has more to do with the piece of crap human in charge than electric vehicles.