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Tesla, TSLA & the Investment World: the Perpetual Investors' Roundtable
- Thread starter AudubonB
- Start date
In the article, it said it couldn't verify the content in the article, saying there wasn't a court recording online yet. As far as I can tell, every news source since picked the story up from this site.
If it is real, while I know the amount will be appealed and come down to something like 1 million like the other person got in the link I posted further up.....man Elon you gotta get the company out of California. For reference, George Floyd's family got 27 million
s or to get out of a big, big, big short position? Both? Ha ha
I grew up in a legal family and my father, a judge, would explain things to me. Occasionally, in a lower court a jury would make an outlandish award. That award is typically brought way down in an appeal.
RobDickinson
Active Member
So.. this guy encouraged his kids to get jobs at tesla, presented no evidence but read a poem out in court?
Here's a thread. The lawyer who won and many other incidents at other legacy auto plants. Google (racism and any legacy automaker) and you will find many similar incidents.
dhanson865
Well-Known Member
you left the Iron out of LiFePo4. Without the Fe it's just Lithium phosphate.
and I could forgive anyone for not expecting the twist that is Tesla taking what was largely considered a mediocre battery chemistry and turning it into something to use in large quantities.
You'd have to be a LiFePo4 fanatic to have expected it to see much use in cars other than as a replacement for Lead Acid 12v batteries.
Some pre-trial info. Btw, aljazeera really has it in for Tesla, I wonder why 
www.aljazeera.com
Tesla to face racism allegations from Black worker in open court
Owen Diaz alleges that his co-workers at a Tesla factory told him to ‘go back to Africa’ and used racist epithets.
Maybe I have missed this in our thread, but I would like to suggest we give our @The Accountant a big round of applause.
His estimates of the Tesla Q3 production and delivery numbers were 236.100 and 240.000.
Then Tesla published for Q3 production and delivery numbers of 237.800 and 241.300 respectively.
Kudos. Kudos. Kudos.
His estimates of the Tesla Q3 production and delivery numbers were 236.100 and 240.000.
Then Tesla published for Q3 production and delivery numbers of 237.800 and 241.300 respectively.
Kudos. Kudos. Kudos.
JRP3
Hyperactive Member
Guilty as charged, I've been touting the advantages of the chemistry for over a decade, just waiting for expected improvements in density which we are now starting to see.
woodisgood
Optimustic Pessimist
As @StarFoxisDown! suggested, ARK sold a decent amount of TSLA today.
TheTalkingMule
Distributed Energy Enthusiast
Anyone know how intelligent sheep are? Or goats? I'm thinking Tesla needs to develop a non-motorized solar tracker solution that trains grazing animals to rotate rows of panels manually in massive solar farms.
Like maybe an apple is dispensed every 20 minutes but only if each little section of panels is pushed to optimal angle. They'd figure it out eventually. Save all the tracking hardware and just mount them on a pivot system.
Think it's doable? All you'd need is to add a treat dispenser to each string inverter and it pops when peak generation is achieved. Maybe get some alpacas to rub down the panels if they get dusty?
Like maybe an apple is dispensed every 20 minutes but only if each little section of panels is pushed to optimal angle. They'd figure it out eventually. Save all the tracking hardware and just mount them on a pivot system.
Think it's doable? All you'd need is to add a treat dispenser to each string inverter and it pops when peak generation is achieved. Maybe get some alpacas to rub down the panels if they get dusty?
I'll be quite interested to see how investors who are in ARK funds will feel about Ark's strategy if the following scenario plays out - Ark continues selling TSLA shares as it goes higher throughout Q4 as ARK's other funds continue to sell off but TSLA shares just continue to march north after Q1 and all throughout 2022....well beyond the 1 trillion market cap level.
ARK's strategy makes a ton of sense in that you sell your winners to buy more of your losers. But if a scenario happens where your winner that you continually sold off keeps going higher while your losers don't do much of anything.......you've really lost a ton of potential gains. The ARK strategy really falls apart at that point.
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Gigapress
Trying to be less wrong
MUST WATCH VIDEO FOR INVESTORS
Brand new public info (to my knowledge) about the inner workings of Tesla:
> Complimentary valet team accepts your car at the office entrance and takes it away to charge if it's an EV. No wasted time on parking.
> The office has nice showers, a good gym, world class complimentary artisan coffee bar, and world class gourmet food. Everyone has the same quality and access with no preferential treatment. There is no executive tier or anything. Oh, and the office also has desks and chairs, but they're mostly deserted, because everyone's on the shop floor.
> Elon has worked every job position on the production line at least once, drilling holes, gluing stuff together, snapping parts into place, and programming robots. The rest of the corporate management team is running power tools and robots too, for at least some of their time. And it's not light work either. Every able-bodied employee lifts 45 lb/20 kg objects on a daily basis.
> They view the entire operation as hardware programming, consisting fundamentally of CAD (Computer Aided Design), CFD (Computational Fluid Dynamics), FEA (Finite Element Analysis), and G code (for programming the robots). They aim to have everything so efficient that the "compile time" for the hardware design is less than a day between design and test, ideally less than 5 seconds. Humans are solely for creative intuitive problem-solving; automation is for everything else.
> Tesla has incredibly detailed data about every customer's cars, service profile, likes and dislikes, and more. Every measurement the car performs is fed into the digital twin model which is fed in aggregate into machine learning models that prominently display what customers want all over Tesla facilities. Everyone has apps on their company phone showing this information. Teams swarm to solve problems on a 3-6 hour sprint cycle to push these metrics higher. A direct, clean feedback loop between owners and the design-build-test cycle.
> Everyone from the moment of hire is authorized to spend company money, but is accountable for being able to justify the decision from first principles reasoning if asked. A newbie could buy a million dollar robot or initiate search for new land acquisition on day one--with a sufficiently compelling rationale. Penalties only apply to bad intention, repeated severe foolishness, or slow rate of attempted innovation. Mistakes are treated as opportunities to improve decision-making skills.
> Tesla does not have a central procurement or supply chain organization. They do have a central database with information about different suppliers, which teams use to just figure out what they need and do their own shopping. The Master of Coin and his Funding Team, which is one of the only centralized organizations in the whole company, mainly is responsible for ensuring there is a sufficiently massive pile of cash for everyone to spend.
> The three hour sprint cycle is a critical factor in getting people to leave their egos at the door, because no one really feels a sense of personal exclusive ownership over any design or process. Imagine if I'm on day shift and I make some decisions...well night shift is going to improve on them and hand me something better than I did. And then I'll improve their work. Thus no one develops ugly baby syndrome/not-invented-here bias.
> Every single car is put through fully-automated, non-destructive, regulatory homologation testing on the "Bamboo Line" to legally certify it for sale. Government officials are permanently stationed on this line for oversight. The reason: Teslas are like snowflakes; the design of the car changes every 3 hours roughly in every position on the line, and so each car might be different than the previous one.
> The Bamboo Line was the origin of Tesla's autonomous driving program.
> Elon's sleeping bag is on the floor in the North Paint building. He still sleeps there often when working at Tesla. This has not stopped now that Production Hell is over.
> Tesla does not really use PowerPoint except for public (recruiting) presentations. In fact, there is essentially no reporting other than face to face conversations with management with the topic of discussion in front of everyone's faces. Reporting is unnecessary because nearly the entire company is having a party on the production line and information travels at the speed of gossip aided by robust visual controls and software measuring progress on all company goals. Managers are working the line too. Gemba is not something managers pat themselves on the back for making a few hours a day of time for, like at most manufacturers; Gemba is the lifestyle at Tesla.
-------------------------------------------------------------
They are a much flatter and leaner organization than I think anyone outside the company truly realizes. Imagine the STAGGERING implications for Tesla's overhead growth and operating leverage as production explodes this decade. This is how they achieve such incredible innovation on a mere $2-3 billion annual R&D budget. The very concept of a segregated R&D budget almost has no meaning at Tesla, because for them, all spending is, in some sense, a form of R&D.
What a fascinating hybrid of capitalism and socialism, individualism and collectivism! It's a meritocracy yet classless. It's personal empowerment and liberty with social accountability and long-term altruistic orientation. It's a flat UBI of $19.50/hr and merit-based options to buy deeply discounted ownership equity in the means of production. All tools are shared collaboratively. Everyone is taken care of, but there is no coddling nor sympathy for those not willing to work like beasts. We witness what will soon be the most financially profitable enterprise of all time achieve that by pursuing the most ambitious social goals of all time.
Any manufacturing company that does not adopt these methods is doomed to be swallowed alive by a competitor who does adopt.
Brand new public info (to my knowledge) about the inner workings of Tesla:
> Complimentary valet team accepts your car at the office entrance and takes it away to charge if it's an EV. No wasted time on parking.
> The office has nice showers, a good gym, world class complimentary artisan coffee bar, and world class gourmet food. Everyone has the same quality and access with no preferential treatment. There is no executive tier or anything. Oh, and the office also has desks and chairs, but they're mostly deserted, because everyone's on the shop floor.
> Elon has worked every job position on the production line at least once, drilling holes, gluing stuff together, snapping parts into place, and programming robots. The rest of the corporate management team is running power tools and robots too, for at least some of their time. And it's not light work either. Every able-bodied employee lifts 45 lb/20 kg objects on a daily basis.
> They view the entire operation as hardware programming, consisting fundamentally of CAD (Computer Aided Design), CFD (Computational Fluid Dynamics), FEA (Finite Element Analysis), and G code (for programming the robots). They aim to have everything so efficient that the "compile time" for the hardware design is less than a day between design and test, ideally less than 5 seconds. Humans are solely for creative intuitive problem-solving; automation is for everything else.
> Tesla has incredibly detailed data about every customer's cars, service profile, likes and dislikes, and more. Every measurement the car performs is fed into the digital twin model which is fed in aggregate into machine learning models that prominently display what customers want all over Tesla facilities. Everyone has apps on their company phone showing this information. Teams swarm to solve problems on a 3-6 hour sprint cycle to push these metrics higher. A direct, clean feedback loop between owners and the design-build-test cycle.
> Everyone from the moment of hire is authorized to spend company money, but is accountable for being able to justify the decision from first principles reasoning if asked. A newbie could buy a million dollar robot or initiate search for new land acquisition on day one--with a sufficiently compelling rationale. Penalties only apply to bad intention, repeated severe foolishness, or slow rate of attempted innovation. Mistakes are treated as opportunities to improve decision-making skills.
> Tesla does not have a central procurement or supply chain organization. They do have a central database with information about different suppliers, which teams use to just figure out what they need and do their own shopping. The Master of Coin and his Funding Team, which is one of the only centralized organizations in the whole company, mainly is responsible for ensuring there is a sufficiently massive pile of cash for everyone to spend.
> The three hour sprint cycle is a critical factor in getting people to leave their egos at the door, because no one really feels a sense of personal exclusive ownership over any design or process. Imagine if I'm on day shift and I make some decisions...well night shift is going to improve on them and hand me something better than I did. And then I'll improve their work. Thus no one develops ugly baby syndrome/not-invented-here bias.
> Every single car is put through fully-automated, non-destructive, regulatory homologation testing on the "Bamboo Line" to legally certify it for sale. Government officials are permanently stationed on this line for oversight. The reason: Teslas are like snowflakes; the design of the car changes every 3 hours roughly in every position on the line, and so each car might be different than the previous one.
> The Bamboo Line was the origin of Tesla's autonomous driving program.
> Elon's sleeping bag is on the floor in the North Paint building. He still sleeps there often when working at Tesla. This has not stopped now that Production Hell is over.
> Tesla does not really use PowerPoint except for public (recruiting) presentations. In fact, there is essentially no reporting other than face to face conversations with management with the topic of discussion in front of everyone's faces. Reporting is unnecessary because nearly the entire company is having a party on the production line and information travels at the speed of gossip aided by robust visual controls and software measuring progress on all company goals. Managers are working the line too. Gemba is not something managers pat themselves on the back for making a few hours a day of time for, like at most manufacturers; Gemba is the lifestyle at Tesla.
-------------------------------------------------------------
They are a much flatter and leaner organization than I think anyone outside the company truly realizes. Imagine the STAGGERING implications for Tesla's overhead growth and operating leverage as production explodes this decade. This is how they achieve such incredible innovation on a mere $2-3 billion annual R&D budget. The very concept of a segregated R&D budget almost has no meaning at Tesla, because for them, all spending is, in some sense, a form of R&D.
What a fascinating hybrid of capitalism and socialism, individualism and collectivism! It's a meritocracy yet classless. It's personal empowerment and liberty with social accountability and long-term altruistic orientation. It's a flat UBI of $19.50/hr and merit-based options to buy deeply discounted ownership equity in the means of production. All tools are shared collaboratively. Everyone is taken care of, but there is no coddling nor sympathy for those not willing to work like beasts. We witness what will soon be the most financially profitable enterprise of all time achieve that by pursuing the most ambitious social goals of all time.
Any manufacturing company that does not adopt these methods is doomed to be swallowed alive by a competitor who does adopt.
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Yeah, but that is exactly what people pay Ark to do. If they wanted to buy-and-hold TSLA they would do that themselves. (I hold some Ark funds for exactly that reason.) Of course, there are some exceptions like people who could buy some of the Ark mutual funds but aren't allowed to buy TSLA directly. (Of course they would be better off buying a fund more concentrated in TSLA like the Barons Partner Fund.)
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ARK keeps 10% as a loose upper bound for TSLA as #1 pick. The side effect of this is that they have picks like Zillow at 2.5%. You could probably gather 10 stocks you’ve never seen them talk about or be excited about and they would dominate the impact of tsla on their portfolio. As it is tsla is up ytd and ark is down nearly 30%.
even though an ARK portfolio might look diversified by the range of business types they hold they tend to be highly correlated by being high growth high p/e tech disrupters and market sentiment tends to correlate assets by loose characterization. I’ve always felt it would be suboptimal to hold their fund. Take the top few picks and allocate your high risk money to it then diversify to taste with truly different assets. The risk:reward value of diversifying into worse picks rolls off pretty quick at a small number imo, depending somewhat on skill level and a lot more on luck.
even though an ARK portfolio might look diversified by the range of business types they hold they tend to be highly correlated by being high growth high p/e tech disrupters and market sentiment tends to correlate assets by loose characterization. I’ve always felt it would be suboptimal to hold their fund. Take the top few picks and allocate your high risk money to it then diversify to taste with truly different assets. The risk:reward value of diversifying into worse picks rolls off pretty quick at a small number imo, depending somewhat on skill level and a lot more on luck.
I think ARK has a level of conviction and research backing most of their stock picks...
They probably don't expect every pick to be a winner, just for enough winners to happen to justify diversity.
It may turn out that 100% Tesla was the right option, but why have a fund for that?
In the past their strategy has worked well, because they have also rotated back into Tesla when the stock price dropped.
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