Tesla

All I hear is negativity about Tesla and electric vehicles these days.

Are EV’s really dying. I love my Tesla and would never go back to ICE

Stop driving like you own the road!

•You aren’t special.

•Your car is more common than a Honda Civic.

•Your car looks like a jelly bean.

•Nobody is jealous of you.

•Stop using auto pilot on the carpool/express lane.

•Stop randomly braking.

•Stop parking like an ass.

•Stop tailgating.

•Stop driving too slow.

•Stop driving too fast.

•Stop cutting people off.

That is all.

Hello everyone, In the past months I have been collecting several articles around the subject in the title.

Elon Musk has always identified with Tesla, and Tesla has always been identified with Musk. But given the train wreck performance of the business (not discussing here the share price, but just the real numbers and figures of the car business), it might be nice to discuss the topic here:

• Elon was the one deciding for 2.5 million production capacity, and so far its factories are being utilised at 60-70% capacity, with this number going down after the recent layoffs

• this huge production overcapacity forced the hand of the pricing strategy, and after cutting prices globally for more than 15 months, Q1-2024 was the first big quarter of negative growth. Q2-2024 will have negative growth too ( bookmakers are much better than the market, for Q2-2024 they are at 392k vs 480k from Wall Street; last Q2 Tesla sold 466k!)

• prices have been lowered again in the 🇺🇸, confusing even the stronger supporters of Elon

• AI investments have been more words than facts, and many executives from the Tesla chip department left in the recent months

• China is the big profit center of Tesla, and in the most recent layoffs they have been firing much more workers there. If China dies, Tesla profits simply evaporates (here a link to a Chinese news where it is said that GigaShanghai will cut production by 30%, with the decision that is really affecting many suppliers in the area since Tesla is their largest customer; Aside from that, Tesla China also cutting personnel in many dept by 30-40%. All Tesla stores seeing cuts)

Zhu in November 2022 The first one talking about Musk succession was the board member of Tesla, James Murdoch, in November 2022. When the stock was spiralling down and the name of Zhou came out, please note he is the number Two at Tesla

Here a general article on who Zhu is

The CFO in May 2023 The name of the then CFO was made in May 2023 on a newspaper (WSJ) controlled by the family of James Murdoch

Both the times the stock recovered and nothing happened to Elon. But note that the CFO was fired/resigned in August 2023, replaced by the Chief of Accounting (that is a red flag)

Since then, Elon was accused twice by the WSJ (newspaper of Murdoch) of being a drug addict

• January 2024

• February 2024 in this second one it is said that some Tesla BoD felt forced in consuming drugs with him/did not like this addiction of his, and resigned from the role for that reason

Of course Elon is a free man and he can do what he wants. But these two articles force us to ask several questions:

• why Elon/tesla did not sue the newspapers if the info were false?

• is then the drug addiction somehow related to the erratic pricing strategy and relentless sequence of extreme promises he has made so far ?

• what if some shareholders sue the BoD for lack of oversight asking to be refunded from their losses ?

• does he really deserves a bonus if the BOD has never been independent ?

Several articles against Elon are questioning his leadership:

• Tesla chair under scrutiny for her oversight on Musk

• does Tesla have an Elon Musk problem?

• ‘At what point do you decide Tesla is bigger than Musk?’ The time may be right for Elon Musk to step down as CEO, suggest experts
  

What do you think? 🤔