So in order to satisfy Elon's ego, it's in the big cost of TSLA shareholders. Sound fair? market will punish that sooner or later.
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So in order to satisfy Elon's ego, it's in the big cost of TSLA shareholders. Sound fair? market will punish that sooner or later.
Yes.
But that is part of the risk of the business they are in.
Tesla doesn't need to bail out their banks out of deals that are going bad. That is not Where their fiduciary responsibility is
It is a very valid question. Since it will restructure anyway, why not buy it out of bankruptcy?
MitchJi
Trying to learn kindness, patience & forgiveness
Note:
When talking about if this matters or not the author is intelligent enough to only be concerned with the information to be announced, not the delay.
Instant Analysis: Tesla's Autopilot Announcement Bumped to Next Week -- The Motley Fool
When talking about if this matters or not the author is intelligent enough to only be concerned with the information to be announced, not the delay.
Instant Analysis: Tesla's Autopilot Announcement Bumped to Next Week -- The Motley Fool
I just reviewed the video again myself, but you can see at 1:01 and 1:09 fast moving streaks similar in speed to the 1:10-1:11 streak that in my mind diminishes the possibility that the 1:10-1:11 right-to-left streak is anything more than the insects or whatever it was the caused the 1:01 and 1:09 streaks.
larmor
Active Member
Let the speculation continue:
HUD which alerts driver to close by pizza...
http://www.bustle.com/articles/181953-pizza-motivates-workers-more-than-bonus-money-because-science
MitchJi
Trying to learn kindness, patience & forgiveness
That's ludicrous.
Elon is such a sleazy man that he'd risk the mission of TSLA cars and the potential positive impact on renewable energy and screw Tesla investors to help himself or his family?
Please get a grip!
Krugerrand
Meow
Hmm...nope, don't see anywhere where I said or implied 'all Elon says is gold'. But he is running the show, so it's prudent to understand how he thinks so you can more readily predict what he'll do to achieve a goal. If you can't remain impartial, I can't help you understand.
To start you off again, money doesn't rule Elon. It's a means to an end, it's not the end. He's building a trillion dollar valuation company (that's his current vision), a couple billion dollars means nothing in the scheme of things. He's not looking at SCTY merger for what it can do for Tesla or TSLA today or tomorrow or next week or next month. (Yes, I know this is the short term thread so I address that by saying, the stock is volatile, it goes up and it goes down, sometimes willy nilly. Deal.) Moving some money here, moving it there, getting money from that source or this source is just what has to happen in the moment and immediate moments to build the foundation. It's irrelevant if it's a bail out or not, what matters is how it fits into the larger vision.
So, from an Elon pragmatic (dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations) standpoint this is what matters:
a) Is there's enough money to get it done? If not, where can/will the money come from?
b) Are there enough votes on board to get it done? If not, where can/will additional votes come from?
Those points have been discussed at length here already.
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3Victoria
Active Member
People with more knowledge than us, including both independant boards, and the major shreholders think this is a good deal.
Krugerrand
Meow
The plan has been laid out and it includes Solar City. I'm okay with what's been explained to date on that subject by the people who are executing the plan. All the rest is noise and I will not be pulled into the noise vortex by other's uncertainty.
There are a lot of ethical reasons to avoid bankruptcy. Are all creditors treated equally? Are the best parts of the company retained and in a position to operate efficiently? What about the synergies of TE and Silevo? Also, the advantage of independent sources of solar panels which may work to the advantage of both companies? What about the disruption for workers?
The bankruptcy business is the source of wealth for those who might be called "casino capitalists."
Usually I'm opposed to big businesses and favor smaller ones, mostly because they hire more people and are treated very, very, badly by the banks in most cases. But I do not like any business to fail; it's almost always a mess and the only benefit is for vultures. I think this is the difference between someone like Elon Musk or Warren Buffet who create wealth as opposed to Bain Capital or Trump Enterprises. Buffet has even said, and others with better academic credentials, it is hard to see that much of what investment banks do is productive for the economy as a whole and we've just seen in this Great Recession what has been achieved by financial manipulation with no real wealth created by it.
There are real people affected by bankruptcy, not just shareholders.
The bankruptcy business is the source of wealth for those who might be called "casino capitalists."
Usually I'm opposed to big businesses and favor smaller ones, mostly because they hire more people and are treated very, very, badly by the banks in most cases. But I do not like any business to fail; it's almost always a mess and the only benefit is for vultures. I think this is the difference between someone like Elon Musk or Warren Buffet who create wealth as opposed to Bain Capital or Trump Enterprises. Buffet has even said, and others with better academic credentials, it is hard to see that much of what investment banks do is productive for the economy as a whole and we've just seen in this Great Recession what has been achieved by financial manipulation with no real wealth created by it.
There are real people affected by bankruptcy, not just shareholders.
The Russians are set to be one of the biggest losers if Spacex is successful(for Tesla as well actually), and they aren't beyond playing dirty. Of course, that doesn't prove anything, nor am i suggesting that is the case or even likely.
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NigelM
Recovering Member
I'll just throw this out there.....
Regardless of my view on the strategy, I'm not convinced that the Tesla/SCTY merger is long-term feasible if Elon is to continue managing at a detail level. Case in point is this week where a blog post regarding AP is delayed because of a $200mn+ rocket explosion at SpaceX. Why couldn't Elon delegate writing a blog post to someone else when he clearly has much more important things to attend to? Running Tesla/SCTY/SpaceX requires some major delegation of tasks yet Elon often seems way too hands on when it comes to the small stuff.
[Me = Running for cover now]
Regardless of my view on the strategy, I'm not convinced that the Tesla/SCTY merger is long-term feasible if Elon is to continue managing at a detail level. Case in point is this week where a blog post regarding AP is delayed because of a $200mn+ rocket explosion at SpaceX. Why couldn't Elon delegate writing a blog post to someone else when he clearly has much more important things to attend to? Running Tesla/SCTY/SpaceX requires some major delegation of tasks yet Elon often seems way too hands on when it comes to the small stuff.
[Me = Running for cover now]
This TMC member reports that his P100D Model X is scheduled for delivery on Sept 7. Only two weeks from announcement of the P100D to delivery.
Model X P100D Deliveries
That qualifies as "steak" in my book.
Or as we used to say, "kicking @ss and taking names."
Model X P100D Deliveries
That qualifies as "steak" in my book.
Or as we used to say, "kicking @ss and taking names."
Krugerrand
Meow
Nope, that's a valid point and concern. He's had a hard time letting go of the Roadster days and the mistakes that happened because of delegation to people who didn't follow through. Adding, that there's been a number of other stories where delegation/depending on others has screwed him and his companies.
You've got it right. If there was a projectile it might have been a bird (high on an oxygen leak) or a wayward drone. Re the Russians, as an "extinguished professor of Soviet studies," the Russkiis seem to be having more fun hacking into the files of our political parties.
PaulRocket
Member
Very interesting news, looks like tesla will have a great quarter and is on the edge to being cash flow positive:
Musk E-Mail Urges Workers to Cut Costs in Bid to Woo Investors
Musk E-Mail Urges Workers to Cut Costs in Bid to Woo Investors
MitchJi
Trying to learn kindness, patience & forgiveness
Thanks!
That's the most encouraging thing I've read about Q3!
Even if they are in the ballpark it's great news!
Love it! Quote of the Day:
“It would be awesome to throw a pie in the face of all naysayers on Wall Street who keep insisting that Tesla will always be a money loser!” Musk said.
anticitizen13.7
Not posting at TMC after 9/17/2018
With SpaceX I think this is slightly less of a concern, because SpaceX has a President/COO, Gwynne Shotwell. I have been much more concerned on the Tesla end, as Tesla has no one in the President/COO role. I feel this may lead to situations like the one where Elon was literally living on the Model X line in order to observe and make changes to production. As the visionary and product architect, he shouldn't be put in the position of having to do this.
I've used the Apple :: Tesla analogy before, and I think it still holds:
Steve Jobs :: Elon Musk
Jonathan Ive :: Franz von Holzhausen
Tim Cook :: ???
Basically, I think Tesla needs a "Tim Cook" to work some genius on the operations side, while Apple needs an "Elon Musk" to bring some of the product magic back.
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