I mean, in fairness, do we have any qualms with the rest of the company? Elon was directly responsible for pretty much all of the cyber truck decisions. But the regular Tesla’s, aside from Elon prohibiting lidar and making false claims about self driving, are pretty decent. Without him, lidar might get implemented, the cyber truck will probably be scrapped, and real engineers will have their voices heard again.
Isn’t that kind of what we want from a company? To realize their errors and remove the cancerous parts?
He will still have a shitload of shares. I don’t need to get into the nitty-gritty detail of whether I hate the company or its products; his stock in it is what allowed him to buy the election for Trump, so fuck Tesla.
But did Tesla facilitate that or was Tesla worn like a puppet by an investor(Elon). There’s a distinct difference and what I’m asking. Do we blame every company that gets gutted by Venture Capitalists? Do they have no path to redemption?
Yes, and that’s another reason the company is failing, and I won’t buy a car from them. But, that’s not the point here, the point is Musk’s stupid antics are having major consequences for him. The only value he’s had for the company for years is as a mascot. The company succeeded so far as it has in spite of Musk, not because of him. Same for SpaceX.
It’s literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It’s only even this low because now people realize he’s a Nazi. In the past, I’ve seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you’d know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn’t the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn’t for captain dipshit doing stupid stuff and fooling people into thinking he’s smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.
Not true. The company did well because of well meaning people who wanted to move away from gas cars. There was literally a documentary “who killed the electric car” before Tesla. It showcased a well loved electric car that was only allowed to be leased and when the lease was up, no one was allowed to buy them. They destroyed them all.
Tesla got to where it is not because of Musk, but because it was a way to rise against the legacy manufacturers forcing us to stay on gas cars.
Musk stirred up some major stupidity, and did not care for quality control when it came to things like panel alignment, but the fact was that was the only option out there. They also added cool things like your phone being a key, or the key card. Lots of little quality of life improvements were brought in. Also I think they had to make a special gel and position for the batteries to not cause fires from a single battery failure. Lots of important (yet likely relatively simple) improvements that all the other manufacturers refused to do. Best we had was a Prius, and other cars that were for some reason made to look ugly and still needed gas anyways.
But they have stagnated. Musk has done all his tricks and they stopped improving. Literally letting the competitors make better batteries soon, which would kill them entirely if solid state batteries come about. I don’t know that Tesla can or needs to come back to the forefront, but without them we probably still would not have electric cars.
Calling a company, which actively vendor-locks pretty much the whole car using their propiatery software while having the worst warranty ever, pretty decent is beyond me.
I think you’re probably giving a potential new CEO too much credit. You really think that Elon will just relinquish control over his company and let the CEO do whatever? Not a chance.
They’re overvalued in the triple multiples compared to other American car companies because they’re a meme stock and halfway ran on government subsidies we paid for rather than putting it into education or social causes.
A step in the right direction isn’t good enough when there’s miles to tread.
Good, fuck em. There’s no negotiation here. I don’t care if the entire company goes under. What great service is Tesla providing? Not enough mobile beta-testers riding bombs down the rosd? They do nothing for the people supporting them.
I guess a new company will have to rise up so entitled Californians can be tricked by marketing into thinking they’re saving the planet when the batteries were mined by gas-powered machines using the same poor brown folk they feel sorry for on Bluesky.
At this point, it would be tempting to have all their employees quit and start their own EV company, or join another one. It’s not like the people vanish when a company folds.
I’m pretty sure he means that there’s no point in trying to please you because you’ll always set a goalpost that can’t be reached, so there’s no point in really considering your opinion.
I mean, in fairness, do we have any qualms with the rest of the company? Elon was directly responsible for pretty much all of the cyber truck decisions. But the regular Tesla’s, aside from Elon prohibiting lidar and making false claims about self driving, are pretty decent. Without him, lidar might get implemented, the cyber truck will probably be scrapped, and real engineers will have their voices heard again.
Isn’t that kind of what we want from a company? To realize their errors and remove the cancerous parts?
Are you assuming Elon would no longer own stock or have other ways he’d continue to profit from Tesla?
Why do you want a redemption arc for this overvalued company so bad? You holding a bag?
He will still have a shitload of shares. I don’t need to get into the nitty-gritty detail of whether I hate the company or its products; his stock in it is what allowed him to buy the election for Trump, so fuck Tesla.
But did Tesla facilitate that or was Tesla worn like a puppet by an investor(Elon). There’s a distinct difference and what I’m asking. Do we blame every company that gets gutted by Venture Capitalists? Do they have no path to redemption?
The BOD was quite insistent on giving Musk a $56 billion bonus.
It’s bizarre that you’re even entertaining this as an idea.
Unless Musk loses all of his shares, not sold, and not only some, all of them - Tesla is complicit in providing power to Elon Musk.
No they do not have a path to redemption as long as it is *literally the reason he was able to buy (and manipulate for his own gains) Twitter.
It’s shareholders sure did.
https://www.cbsnews.com/amp/news/elon-musk-pay-package-vote-cbs-news-explains/
Tesla was garbage before Elon came out as a Nazi. The quality control is non existent and has been.
Yes, and that’s another reason the company is failing, and I won’t buy a car from them. But, that’s not the point here, the point is Musk’s stupid antics are having major consequences for him. The only value he’s had for the company for years is as a mascot. The company succeeded so far as it has in spite of Musk, not because of him. Same for SpaceX.
It’s literally the opposite. The company has only done well in the past because of his antics. Tesla currently has a price per earning ratio of 155. It’s only even this low because now people realize he’s a Nazi. In the past, I’ve seen their price per earning ratio go as high as 350. If you know anything about stock fundamentals, you’d know that a normal ratio is around 20-30. Anything under would be a must buy stock and anything over would be a must sell, generally but not always.
But not Telsa. This isn’t the first quarter sales have been down for Telsa. In the past when it happened, Elon would just do something stupid like launch a car into space, make a small flame thrower, or do some stupid meme shit and the price would still go up, despite a bad earnings call.
Since the first non roadster Telsa, they have been making shit quality cars and selling features as a subscription. If it wasn’t for captain dipshit doing stupid stuff and fooling people into thinking he’s smart, that company would have failed. Or he would have sold his portion back to the original owners and they company might have produced quality cars like the Roadster.
Not true. The company did well because of well meaning people who wanted to move away from gas cars. There was literally a documentary “who killed the electric car” before Tesla. It showcased a well loved electric car that was only allowed to be leased and when the lease was up, no one was allowed to buy them. They destroyed them all.
Tesla got to where it is not because of Musk, but because it was a way to rise against the legacy manufacturers forcing us to stay on gas cars.
Musk stirred up some major stupidity, and did not care for quality control when it came to things like panel alignment, but the fact was that was the only option out there. They also added cool things like your phone being a key, or the key card. Lots of little quality of life improvements were brought in. Also I think they had to make a special gel and position for the batteries to not cause fires from a single battery failure. Lots of important (yet likely relatively simple) improvements that all the other manufacturers refused to do. Best we had was a Prius, and other cars that were for some reason made to look ugly and still needed gas anyways.
But they have stagnated. Musk has done all his tricks and they stopped improving. Literally letting the competitors make better batteries soon, which would kill them entirely if solid state batteries come about. I don’t know that Tesla can or needs to come back to the forefront, but without them we probably still would not have electric cars.
Calling a company, which actively vendor-locks pretty much the whole car using their propiatery software while having the worst warranty ever, pretty decent is beyond me.
Especially a company belonging to the car lobby.
To be fair, I think people get blinded by the fact that Elon is a massive twat, and miss all the other little bits.
I think you’re probably giving a potential new CEO too much credit. You really think that Elon will just relinquish control over his company and let the CEO do whatever? Not a chance.
It’s the board of directors that has that control.
His company? You say that like Elon owns Tesla. He doesn’t even have a controlling share.
We do, as he’s the biggest shareholder 🙃
They’re overvalued in the triple multiples compared to other American car companies because they’re a meme stock and halfway ran on government subsidies we paid for rather than putting it into education or social causes.
A step in the right direction isn’t good enough when there’s miles to tread.
So all or nothing? Then you’ll get nothing.
Good, fuck em. There’s no negotiation here. I don’t care if the entire company goes under. What great service is Tesla providing? Not enough mobile beta-testers riding bombs down the rosd? They do nothing for the people supporting them.
I guess a new company will have to rise up so entitled Californians can be tricked by marketing into thinking they’re saving the planet when the batteries were mined by gas-powered machines using the same poor brown folk they feel sorry for on Bluesky.
Cry a river.
At this point, it would be tempting to have all their employees quit and start their own EV company, or join another one. It’s not like the people vanish when a company folds.
No one’s going to fund a new company though. The old car companies have final moved to EVs and will quash newcomers. Funders know this.
This is the reason Tesla love H1B visas.
I’m pretty sure he means that there’s no point in trying to please you because you’ll always set a goalpost that can’t be reached, so there’s no point in really considering your opinion.
Maybe lemmy isn’t for you.
Corporate apologists belong on Reddit with the rest of the fascists.
Yeah, why post on lemmy? Is there no path to redemption for Reddit? 😂
Hmmmm…
nope! Reddit’s path is pretty well charted down the rabbithole of enshittery.
Is the appropriate response
Until they get rid of Spez, the greedy piggy boi?