FWIW, Ford already had their hands in scooters (although a bit closer to motorcycle-like than the stuff the scooter-sharing companies have), through licensing their name to Ojo: OjO Electric Introduces An Exciting New Lineup Of Ford Branded Smart E-Scooters At CES 2018 (I feel like the Ojo scooters are in an uncanny valley of form factor and legality, tbh... no pedals means that they're not e-bikes in many jurisdictions, but they don't give any particular advantages over a similarly-priced e-bike, unlike the smaller, foldable scooters that the dockless rental companies use, and are available for sale for far less money.)
Headline: Shortsville Times TSLA fails to secure Larry Ellison as chairman. Disappointed investors lower price target.
Perhaps part of the subtext is that while she will have the title of CoB, she'll actually operate more like a COO - which she has in her background. And then after the three year test-drive for both her and Tesla, if it all is working well, maybe she'll become the actual COO.
The new chairperson is a "business as usual" pick - no impact or disruption to Tesla. It's most likely neutral to the stock price. It's a disappointed choice. Tesla has a chance to bring in someone who is strong in business, operation, manufacturing, or technology, someone who can complement Elon and transition Tesla to a more organized and effective organization, and someone who can keep Elon's excess hubris in check. A credible outside pick would also serve a catalyst to the stock price. Tesla just wasted this rare opportunity.
Disruption? The only ones who want Tesla’s organisation ‘disrupted’ are the shorts and the competition. Tesla doesn’t need anyone coming in with a need to prove or assert him- or herself.
I agree. Tesla has operational problems that need to be fixed, but it doesn't need massive disruption. As Cattledog suggests, I think Tesla has taken this as an opportunity to try to make this a useful change that could lead to a permanent appointment as Tesla's-Version-of-Gwynne Shotwell, with Elon Musk switching back to CEO and Chairman. Now Tesla will need _another_ independent director. That's where they can think different. How about Brad Katsuyama, CEO of IEX.
They are looking for another Gwynne Shotwell. Perhaps women don't activate Musk's daddy issues. I really doubt that Denholm is one of Musk's insider. So I don't get the "business as usual".
"Unfortunately" for them- they are the one disrupted. For anyone's viewing pleasure - BMW's EBIT margin (Automotive segment): 3rd quarter 2017 - 8.6% 1 January to 30 September 2018 - 7.6% 3rd quarter 2018 - 4.4% They continue to improve sales, to make it look like they don't lose market, but they achieve the "growth" by selling cheaper vehicles. More here: https://www.bmwgroup.com/content/dam/bmw-group-websites/bmwgroup_com/ir/downloads/en/2018/Quartalsbericht/Q3_2018_BMW_Group_EN_Online.pdf
The data goes back to March 1st, 2016. Here is all of 2017: Dropbox - TSLA-FNSQsh2017.txt.zip Here are the last 10 months of 2016: Dropbox - TSLA-FNSQsh2016.txt.zip Also, since SCTY was apparently also targeted by malicious shorts (as argued on TMC), here is the SCTY-only data for 2016 (March to Nov. 21): Dropbox - SCTY-FNSQsh2016.txt.zip I have only the free account at dropbox, I believe the retention is 30 days. Let the data mining begin. PS. Largest SCTY short-sell was a single 550k chunk, three days before the symbol was delisted... PPS. Ditto for TSLA was 523955 shares, on 2018-05-21...
Tesla needs two new independent directors - they needed to appoint two to the board, and one of them could be the new chair. Denholm was already on the board.
Stupid tweets aside, anyone that thinks they know the problems, both operational and strategical with Tesla, Elon’s shortcomings, and furthermore how to fix them...well let’s just say that target price of 420 speaks to them. Why would anyone want to disrupt a management team that has accomplished what Tesla has done? Tesla has no right to exist let alone appear to be on the verge of eviscerating legacy auto manufacturers the world over, and yet people sternly post messages about the terrible choices they are making on a routine basis, and recommend status quo corporate dinosaurs as saviours. Reminds me of Jobs getting pushed out by the bean counters at Apple. Has anyone checked on Tesla’s revenue growth numbers? Give it a rest. Someone please filter Elon’s tweets. Past that, he can do whatever he wants. He should have announced a stuffed animal as chairperson of the board for all I care.
What the hell was that? Price jumped back and forward between 352 to 348 3 times in a row. Seems like 3 short attacks in a short time period that brought it back down 4 USD immediately? Someone can confirm?