Elon Musk turns heel; stock plummets

JonesBones

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Tesla Inc. Chief Executive Elon Musk held a long, odd earnings conference callWednesday in which he insulted analysts, the media, federal regulators and people who died behind the wheel of his cars, and then told anyone concerned about volatility not to invest in his company.

When the question-and-answer session started, Musk turned vitriolic, and not even his fellow executives were safe. After Chief Financial Officer Deepak Ahuja referred to Tesla as “best in class” for batteries while responding to an analyst query, he was interrupted by Musk.


“The best. It is not a class,” Musk interjected.

“Yes, we’re the best. Sorry,” Ahuja replied.

“The best in a class of one,” Musk made sure to point out.


This is the worst part imo. Still trying to sell the AI as actually being able to drive itself. That is fuckin dangerous and false. Beginning of the end:

“If the press is hounding the regulators, and the public is living under the misapprehension that autonomy is less safe because of misleading press, then this is where I find the challenge predicting it to be very difficult,” Musk said. “And, yeah, it’s really incredibly irresponsible of any journalists with integrity to write an article that would lead people to believe that autonomy is less safe. Because people might actually turn it off, and then die.”

https://www.marketwatch.com/story/e...erk-and-tesla-stock-paid-the-price-2018-05-02


The bigger worry actually you douche, is people turning it on and thinking it will save their lives.
 
Value in a company is now decided by the media based on their level of political correctness.. He should know that more than anybody, being that the joke media was saying his company was as big as GM last year.

Oh, that thing where the media assigns value to a corp in big part due to bs PC intangibles? It's going to crumble. Reality still matters. Time to exit la la land.
 
Value in a company is now decided by the media based on their level of political correctness.. He should know that more than anybody, being that the joke media was saying his company was as big as GM last year.

Oh, that thing where the media assigns value to a corp in big part due to bs PC intangibles? It's going to crumble. Reality still matters. Time to exit la la land.

You are clueless. Tesla is a religion. It is a fraud. Tesla's value is based on smoke and mirrors. On cult like thinking. Not financials or reality.

Tesla has never had a profitable year EVER. EVER. Since the fuckin 90s or whenever it was started. Never. Never. Never. lol
 
MW-GI514_tesla__20180503123101_NS.gif



Tesla Inc. Chief Executive Elon Musk held a long, odd earnings conference callWednesday in which he insulted analysts, the media, federal regulators and people who died behind the wheel of his cars, and then told anyone concerned about volatility not to invest in his company.

When the question-and-answer session started, Musk turned vitriolic, and not even his fellow executives were safe. After Chief Financial Officer Deepak Ahuja referred to Tesla as “best in class” for batteries while responding to an analyst query, he was interrupted by Musk.


“The best. It is not a class,” Musk interjected.

“Yes, we’re the best. Sorry,” Ahuja replied.

“The best in a class of one,” Musk made sure to point out.


This is the worst part imo. Still trying to sell the AI as actually being able to drive itself. That is fuckin dangerous and false. Beginning of the end:

“If the press is hounding the regulators, and the public is living under the misapprehension that autonomy is less safe because of misleading press, then this is where I find the challenge predicting it to be very difficult,” Musk said. “And, yeah, it’s really incredibly irresponsible of any journalists with integrity to write an article that would lead people to believe that autonomy is less safe. Because people might actually turn it off, and then die.”

https://www.marketwatch.com/story/e...erk-and-tesla-stock-paid-the-price-2018-05-02


The bigger worry actually you douche, is people turning it on and thinking it will save their lives.

I smell insider trading
 


One day gravity will hit this stock and grown men around the world will weep.

OY7U.gif
 
You are clueless. Tesla is a religion. It is a fraud. Tesla's value is based on smoke and mirrors. On cult like thinking. Not financials or reality.

Tesla has never had a profitable year EVER. EVER. Since the fuckin 90s or whenever it was started. Never. Never. Never. lol

The dude in your AV was a tyrannical piece of slimy slimy fetid shit.
 
Although I just got rejected from Tesla's Gigafactory, Heelon's got the Midas Touch, and the public loves this kind of attitude.

All he needs to do is make another big announcement about some craziness he's doing, and he'll win everyone back.
 
You are clueless. Tesla is a religion. It is a fraud. Tesla's value is based on smoke and mirrors. On cult like thinking. Not financials or reality.
This is some statement considering the guy in your avatar.

Apple is the epitome of a cult.
 
You are clueless. Tesla is a religion. It is a fraud. Tesla's value is based on smoke and mirrors. On cult like thinking. Not financials or reality.

Tesla has never had a profitable year EVER. EVER. Since the fuckin 90s or whenever it was started. Never. Never. Never. lol


Also, "billionaire" Musk is probably the biggest beneficiary of government largesse and corporate welfare in history.
 
We were riding to my buddy's cottage in his Model X and he tried to show us the self-driving option, and it almost drove us into a median. Small sample size, but I would never take my hands off the wheel of any vehicle. I don't get the stock hype for Tesla, I love the company's aspirations, but I wouldn't expect a return for a long time if it was being handled like a normal stock. It just shows how wonky the stock market is when a rant on a conference call can lose people hundreds of millions in value.
 
Honestly, he's right though.

The idea that autonomous driving doesn't work because of one accident after millions of testing hours is stupid.

I understand why he'd be upset about the media running hit pieces over the accident, too.
 
You are clueless. Tesla is a religion. It is a fraud. Tesla's value is based on smoke and mirrors. On cult like thinking. Not financials or reality.

Tesla has never had a profitable year EVER. EVER. Since the fuckin 90s or whenever it was started. Never. Never. Never. lol

As I said, Steve Jobs was HORRID x HORRID x HORRID.

To say the fucking least.



https://www.businessinsider.com.au/...ly-apple-employees-10-million-in-stock-2014-9

Steve Jobs may have been a brilliant businessman, but he wasn’t always nice.


In the early Apple days, when the company was still being run in a garage, Steve Jobs and Apple’s board refused to give some early employees stock options.


Apple employee #12 Daniel Kottke was one of these people. He had traveled to India with Jobs and was his college friend, but Jobs still didn’t feel he was worthy of stock. Kottke later told Dice that he hoped to meet Facebook’s ousted founder, Eduardo Saverin, because he felt the two had similar stories.


“It got to be the summer of 1980 and I never had a stock option,” Kottke told Dice. “No one would ever talk to me about it. All I wanted was just to touch base with Steve about it, and he just would not talk to me. He kept me waiting outside his office for hours, on multiple occasions. It was very cold. And you know how he is, he would just be on the phone endlessly until I went away, because he didn’t want to talk to me.”


When another Apple executive later confronted Jobs about Kottke’s lack of stock options and offered to match whatever Jobs gave him, Jobs infamously replied, “OK. I will give him zero.”


Apple’s other co-founder, Steve Wozniak, didn’t feel this was right. When Jobs refused to hand over stock options, Wozniak dug into his own pockets and offered $US10 million worth of Apple stock to early garage employees. He says it was “the right thing” to do.


He recounts in a comment on Google+: “And when Jobs (in the [Steve Jobs] movie, but really a board does this) denied stock to the early garage team (some not even shown) I’m surprised that [the producers] chose not to show me giving about $US10M of my own stock to them because it was the right thing. And $US10M was a lot in that time.”
 
This is some statement considering the guy in your avatar.

Apple is the epitome of a cult.

Apple is a very profitable corporation.

Tesla is very efficient at burning cash and telling a story.
 
We were riding to my buddy's cottage in his Model X and he tried to show us the self-driving option, and it almost drove us into a median. Small sample size, but I would never take my hands off the wheel of any vehicle. I don't get the stock hype for Tesla, I love the company's aspirations, but I wouldn't expect a return for a long time if it was being handled like a normal stock. It just shows how wonky the stock market is when a rant on a conference call can lose people hundreds of millions in value.

It is like that and Musk knows it. You will see in small print on their website somewhere how the AI is not a substitute for a driver yet Musk keeps on pushing the idea that if people don't use the AI, they will be in danger. When in fact, overconfidence in the AI is putting them in danger. Tesla ranks dead fuckin last in AI technology.

According to a recently published study by Navigant research group, Tesla is currently dead last in the self-driving race, placing beside second-to-last Apple on the list of 19 companies. At the top of Navigant’s study were GM and Google’s Waymo, companies whose initiatives to develop and release autonomous vehicles to the public are ranked as being close to perfect.

$


I was just banned from a stock chat cuz children were defending Musk. I said I hope someone they care about drives a Tesla believing Musk's claims and dies. Because that is what they deserve. Skin in the game. This is people's lives we are talking about.


The widow of the man who died when his Tesla Model X crashed into a barrier last month is now planning to sue.

On Tuesday, Sevonne Huang told ABC 7 that her husband, Walter, had complained about the car's Autopilot before, saying it had tried to veer into the same barrier where he crashed and died on several previous occasions.

So when she heard about a blue Tesla that crashed at that same spot on the midday news on March 23, she immediately knew her husband was dead.

Sevonne has hired an attorney and plans to sue Tesla for the death of her husband, and is speaking out to raise awareness of the issue.




Steve Wozniak said same thing:

Apple co-founder Wozniak, affectionately referred to as "the Woz," told an audience at the Nordic Business Forum in Sweden on January 24 he has stopped believing what Musk or Tesla promises.

Now, I don't believe anything Elon Musk or Tesla says," Wozniak says.


Billionaire tech entrepreneur Elon Musk has a lot of fans. But he's lost the trust of one famous former admirer: Steve Wozniak.

Apple co-founder Wozniak, affectionately referred to as "the Woz," told an audience at the Nordic Business Forum in Sweden on January 24 he has stopped believing what Musk or Tesla promises.

"Now, I don't believe anything Elon Musk or Tesla says," Wozniak says.


That doesn't mean he doesn't love his Tesla, though.

"But I still love the car, it's still beautiful," Wozniak added.


Wozniak cited several promises Tesla has made that he believes have not been kept.

"They came out with some sensors that Elon Musk said would [allow the car to] drive itself across the country to where you were by the end of 2016 ... Oh, I had to have that!" he says.

"[T]hen they discovered those sensors would never drive across the country, so they got rid of their sensor company. They put in new sensors — instead of one camera, eight cameras — and that one will drive itself across the country by 2017. I believed that stuff," says Wozniak.

Indeed, in October of 2016, Musk announced a significant upgrade to the hardware for self-driving capability.

In addition, Wozniak criticized the quality of the autopilot feature, saying it was incapable of responding to inconsistencies in the road and that the car still requires significant attention on the part of the driver.



Apple co-founder Steve Wozniak explains the difference between 'phony' and 'real' innovation

"Man you have got to be ready — it makes mistakes, it loses track of the lane lines. You have to be on your toes all the time," says Wozniak. "All Tesla did is say, 'It is beta so we are not responsible. It doesn't necessarily work, so you have to be in control.'

"Well you that is kinda a cheap way out of it."
 
Honestly, he's right though.

The idea that autonomous driving doesn't work because of one accident after millions of testing hours is stupid.

I understand why he'd be upset about the media running hit pieces over the accident, too.

You know nothing of the technology obviously. Read my other posts.
 
Value in a company is now decided by the media based on their level of political correctness.. He should know that more than anybody, being that the joke media was saying his company was as big as GM last year.

Oh, that thing where the media assigns value to a corp in big part due to bs PC intangibles? It's going to crumble. Reality still matters. Time to exit la la land.

Not all companies, but certainly all this tech garbage.

Wasn't it Snap Chat that lost couple hundred millions in market cap after some Hollywood cunt said that she doesn't use it anymore ?

It's all a huge bubble.
 
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