Tesla

Article by Electrek on Elon Musk's latest extortion attempt. Given that Tesla is not an AI nor a robotics company, that Elon Musk knows nothing about either of those technologies, and that working on them would only distract Tesla from selling more cars, this is a prime opportunity for the Tesla Board to exercise their fiduciary responsibility and simply state "no thanks".

Markets Insider reports that some investors are seeing through the false claims that Elon Musk has been putting out about their robotaxi and AI initiatives. More will follow.

The Fortune article is important because it reports that he wasn't just dismissing Rebecca Tinucci, who was the executive in charge of Supercharger operations and also Tesla's highest ranking woman executive at Tesla. The entire Supercharger team of 500 employees is getting the boot! And the Supercharger operation is highly successful and critical to Tesla sales. This is yet another highly counterproductive move by Musk.

Three key execs jumped ship in the last few weeks, 14,000+ employees laid off, plus the CFO left in August. And today it is announced that two additional key execs are pushed out along with hundreds of subordinates. Rebecca Tinucci was the senior director of Tesla’s Supercharger division and the highest ranking woman executive at Tesla. The Supercharger has been Tesla's greatest success and other EV manufactures have had to adapt to its standard. It has also been key in Tesla sales because having many chargers alleviates range anxiety. Daniel Ho was the head of the new vehicles program and was with Tesla for almost 11 years after being at Ford for over 12 years. If Tesla was going to bring out a new lower cost Tesla then Ho would have been the one doing it.

NY Times article on how Elon Musk went to China and allegedly reached an agreement to access detailed map data, which might lead to Tesla getting permission to offer FSD in China. This vague announcement caused Tesla stock to increase by 15%.

The recent Tesla earnings call clearly showed that the company was having serious problems. Yet enough investors bought into the hype of the new low-cost vapor car to increase the price. At the same time important execs are leaving the company, and one in a very spectacular vote of no confidence. When will investors realize they've been hoodwindked?

This article was published by Bloomberg just two days before Tesla's Q1 24 earnings call. It shows exactly how poorly Tesla was executing, with sales and revenue down significantly. But then on the Q1 call Musk states some fantasies about how their robotaxi and low cost Tesla would come out soon and the stock soared by 40%. Will be very interesting if the SEC pursues Musk for making false statements to investors.