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Musk endeavours

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odysseus2000
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Re: Musk endeavours

#507571

Postby odysseus2000 » June 16th, 2022, 10:52 am

BobbyD wrote:
Elon Musk says solving self-driving is the difference between Tesla being worth a lot or nothing


- https://electrek.co/2022/06/15/elon-mus ... r-nothing/

Well that's not good. All that first mover advantage on BEV production, revolutionising the way cars are built, and battery technology so advanced it will make all the competition obsolete count for nothing, and it all comes down to the performance of a precocious autopilot?

Looks like some of the critics of the claims made for Tesla's development and valuation might of had some points....


Ha ha, this is Elon's little joke for people not paying attention.

Tesla fully diluted earnings last year were $7.37, the current price is $674 giving a p/e of 91.5x and with growth of 50% this gives a forward peg of 1.82

This is dirt cheap, growth business often trade at pegs several times this.

FSD, if it happens, is now available essentially for free, the equity is like owning a call option on fsd that doesn't expire, as the business itself is wildly profitable and is getting more so as prices are being relentlessly raised.

By contrast Ford have noted that the lightning is not profitable and anyhow have stopped selling them due to technical issues:

https://arstechnica.com/cars/2022/06/fo ... -loss-bug/

All of legacy auto is in very serious trouble, only Tesla has got world class BEV and they have far more demand than they can supply with cars ordered today often not being delivered for over a year.

Regards,

BobbyD
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Re: Musk endeavours

#507792

Postby BobbyD » June 17th, 2022, 3:37 am

Tesla is sending untrained employees to work on cars as service becomes problematic


- https://electrek.co/2022/06/16/tesla-un ... oblematic/

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Re: Musk endeavours

#507887

Postby BobbyD » June 17th, 2022, 12:42 pm

The Free Speech Absolutist strikes again

Elon Musk's SpaceX fires at least five for letter criticizing him-sources

June 17 (Reuters) - At least five employees were fired by private rocket company SpaceX after drafting and circulating an open letter criticizing founder Elon Musk and calling on executives at the start-up to change the company’s work culture to make it more inclusive, according to two people familiar with the matter.

SpaceX did not immediately respond to a Reuters request for comment.

The New York Times reported earlier on Thursday that SpaceX had fired employees associated with the letter, citing three employees with knowledge of the situation. It had not detailed the number of employees who had been dismissed.

SpaceX President Gwynne Shotwell sent an email saying the company had investigated and "terminated a number of employees involved" with the letter, the New York Times said.


- https://www.reuters.com/technology/spac ... 022-06-17/

Another workplace discrimination suit, this time from a shareholder:


Tesla investor sues Musk, board over accusation of workplace discrimination

June 17 (Reuters) - A Tesla Inc (TSLA.O) shareholder sued the electric car maker, Chief Executive Elon Musk and its board, accusing them of neglecting to tackle complaints about workplace discrimination and harassment, and engendering a "toxic workplace culture."

Thursday's lawsuit is the latest against Tesla, which has been accused of racial discrimination and sexual harassment in its factories. read more

"Tesla has created a toxic workplace culture grounded in racist and sexist abuse and discrimination against its own employees," the investor, Solomon Chau, said.

"This toxic work environment has gestated internally for years, and only recently has the truth about Tesla's culture emerged," he added in the complaint.


- https://www.reuters.com/business/financ ... 022-06-17/


...oh and this:

Elon Musk and companies sued for $258bn over alleged Dogecoin ‘pyramid scheme’

Elon Musk and his companies have been sued for $258bn by an investor who claims he was “defrauded” by a Dogecoin “pyramid scheme.”

The investor, Keith Johnson, has named the entrepreneur, as well as his companies Tesla and SpaceX, in the lawsuit filed in federal court in Lower Manhattan on Thursday.

Mr Johnson is demanding $86bn in damages in addition to tripled damages of $172bn for losses incurred from trading the cryptocurrency since 2019.




-https://www.independent.co.uk/news/world/americas/elon-musk-sued-lawsuit-dogecoin-b2102939.html

ReformedCharacter
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Re: Musk endeavours

#507889

Postby ReformedCharacter » June 17th, 2022, 12:46 pm

SpaceX's Starship rocket project can continue in South Texas, FAA review finds...

That work is finally done, the FAA announced today (June 13). And the result is mostly good news for SpaceX: The company can continue its Starship work at Starbase, which currently centers on prepping the huge vehicle for its first orbital test flight, without the need for an environmental impact statement, a stricter and more time-consuming review.

https://www.space.com/spacex-starship-faa-environmental-review-approval

The greatest show on earth moves a little closer.

RC

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Re: Musk endeavours

#507891

Postby murraypaul » June 17th, 2022, 12:49 pm

The first would hopefully make anyone question whether this is someone you want in charge of one of the largest social media platforms.

The last is just noise though.

odysseus2000
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Re: Musk endeavours

#507894

Postby odysseus2000 » June 17th, 2022, 12:55 pm

The more of the replies and comments I read on the Lemon, the more I wonder if many of the posters should reconsider if they should invest money.

There is a huge disconnect between what happens in the world and what posters think should happen and there seems an inability to separate personal emotions from investment decisions.

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Re: Musk endeavours

#507896

Postby BobbyD » June 17th, 2022, 1:09 pm

murraypaul wrote:The first would hopefully make anyone question whether this is someone you want in charge of one of the largest social media platforms.

The last is just noise though.


Agreed, although given how tame Tesla's board has been I do think that this will be a reliable stream of future lawsuits.

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Re: Musk endeavours

#507905

Postby murraypaul » June 17th, 2022, 2:04 pm

odysseus2000 wrote:There is a huge disconnect between what happens in the world and what posters think should happen and there seems an inability to separate personal emotions from investment decisions.


The funny thing, Ody?

I think a lot of the people you are aiming this at think exactly the same thing about you.

odysseus2000
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Re: Musk endeavours

#507926

Postby odysseus2000 » June 17th, 2022, 3:57 pm

murraypaul wrote:
odysseus2000 wrote:There is a huge disconnect between what happens in the world and what posters think should happen and there seems an inability to separate personal emotions from investment decisions.


The funny thing, Ody?

I think a lot of the people you are aiming this at think exactly the same thing about you.


Of course, how else could so many posters get so wrong roaded in their thinking.

I study things in great depth & analyse from that & an historical perspective. Most posters neither study or put current opportunities into an historical context, instead they have emotional viewpoints & allow that to steer their analysis.

Regards,

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Re: Musk endeavours

#507928

Postby BobbyD » June 17th, 2022, 4:02 pm

odysseus2000 wrote:
murraypaul wrote:
odysseus2000 wrote:There is a huge disconnect between what happens in the world and what posters think should happen and there seems an inability to separate personal emotions from investment decisions.


The funny thing, Ody?

I think a lot of the people you are aiming this at think exactly the same thing about you.


Of course, how else could so many posters get so wrong roaded in their thinking.

I study things in great depth & analyse from that & an historical perspective. Most posters neither study or put current opportunities into an historical context, instead they have emotional viewpoints & allow that to steer their analysis.

Regards,


...and yet they aren't the ones making strings of highly inaccurate predictions. You might be confusing effort with understanding.

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Re: Musk endeavours

#507939

Postby odysseus2000 » June 17th, 2022, 4:42 pm

BobbyD

...and yet they aren't the ones making strings of highly inaccurate predictions. You might be confusing effort with understanding.



Exactly, they don’t make predictions whereas enough of mine come good to keep me doing very well.

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Re: Musk endeavours

#508241

Postby BobbyD » June 19th, 2022, 10:13 am

Hundreds of SpaceX employees signed letter denouncing Elon Musk’s behavior

The letter was only distributed for a day and a half

It took less than a day and a half for more than 400 SpaceX employees to sign onto an open letter criticizing CEO Elon Musk after it was posted and shared by some of their co-workers in an internal chat. Just 32 hours after it was shared, the internal landing page for the document was taken offline, around the same time that a group of employees was fired for their involvement in crafting and sharing the letter, a move that may have been a violation of labor law.

The open letter first went live on an internal landing page at noon Eastern, and then it was shared by a handful of employees to roughly 10 chat rooms in Microsoft Teams as well as one email list. The contents were bold: the employees asserted that Musk’s behavior in recent weeks had become a source of embarrassment and a distraction for the company. The letter writers offered suggestions for ways that SpaceX could distance itself from Musk’s Twitter presence as well as do better to hold executives and those who commit sexual harassment accountable.

...While the document ultimately got 404 signatures, many more people reached out to those who shared the letter on Signal, in person, and through Teams, saying they would sign if they could afford to get fired at the moment, according to a person involved. In 2017, another Musk company, Tesla, fired an employee for distributing pamphlets encouraging employees to unionize. Additionally, in May of this year, Musk also tweeted that Tesla would be forming a “hardcore litigation department” to “directly initiate and execute lawsuits.”

Their fears turned out to be credible, as SpaceX management wound up firing at least five employees for their involvement with the letter. SpaceX president Gwynne Shotwell then sent out an email to the company, denouncing the document and informing the company of the terminations.


- https://www.theverge.com/2022/6/17/2317 ... -elon-musk

Elon Musk Has Gone Off The Rails. Will He Take Tesla & SpaceX With Him?


- https://cleantechnica.com/2022/06/18/el ... -with-him/

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Re: Musk endeavours

#508343

Postby odysseus2000 » June 19th, 2022, 6:48 pm

BobbyD wrote:
Hundreds of SpaceX employees signed letter denouncing Elon Musk’s behavior

The letter was only distributed for a day and a half

It took less than a day and a half for more than 400 SpaceX employees to sign onto an open letter criticizing CEO Elon Musk after it was posted and shared by some of their co-workers in an internal chat. Just 32 hours after it was shared, the internal landing page for the document was taken offline, around the same time that a group of employees was fired for their involvement in crafting and sharing the letter, a move that may have been a violation of labor law.

The open letter first went live on an internal landing page at noon Eastern, and then it was shared by a handful of employees to roughly 10 chat rooms in Microsoft Teams as well as one email list. The contents were bold: the employees asserted that Musk’s behavior in recent weeks had become a source of embarrassment and a distraction for the company. The letter writers offered suggestions for ways that SpaceX could distance itself from Musk’s Twitter presence as well as do better to hold executives and those who commit sexual harassment accountable.

...While the document ultimately got 404 signatures, many more people reached out to those who shared the letter on Signal, in person, and through Teams, saying they would sign if they could afford to get fired at the moment, according to a person involved. In 2017, another Musk company, Tesla, fired an employee for distributing pamphlets encouraging employees to unionize. Additionally, in May of this year, Musk also tweeted that Tesla would be forming a “hardcore litigation department” to “directly initiate and execute lawsuits.”

Their fears turned out to be credible, as SpaceX management wound up firing at least five employees for their involvement with the letter. SpaceX president Gwynne Shotwell then sent out an email to the company, denouncing the document and informing the company of the terminations.


- https://www.theverge.com/2022/6/17/2317 ... -elon-musk

Elon Musk Has Gone Off The Rails. Will He Take Tesla & SpaceX With Him?


- https://cleantechnica.com/2022/06/18/el ... -with-him/


Ha Ha, so Steve Hanley job, as he admits in the beginning, is to get more clicks, earning his fee with this article, timed for the New US vacation on Monday of Juneteenth.

Perhaps once Hanley wrote articles for one of the political parties, this one is about as useful and informative as one gets in poltics.

No one cares about Hanley, no one cares about employees who don't like their boss, but people do care about someone who makes the world a cleaner place, someone who makes wealth for investors and someone who is a rocket builder.

There will be a sizeable bunch of people who will think this kind of thing matters, but a much bigger and far more wealthier group who will laugh and ignore it.

The biggest danger to Tesla and SpaceX is that Elon Mush should be killed, failing that one can ignore al of this ridiculous rhetoric.

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Re: Musk endeavours

#508951

Postby BobbyD » June 23rd, 2022, 8:27 am

Elon Musk says Tesla's new factories in Germany and the US are "losing billions of dollars" due to battery shortages and supply disruptions in China.

The multi-billionaire also called the plants in Berlin and Austin, Texas "gigantic money furnaces".


- https://www.bbc.co.uk/news/business-61905276

Elon Musk says he's wading into politics to stop the 'woke mind virus' from destroying civilization


- https://www.businessinsider.com/elon-mu ... ?r=US&IR=T


Elon Musk: Billionaire's daughter cuts ties with her father

Elon Musk's transgender daughter has applied to legally change her name and gender, saying she no longer wants to "be related to my biological father in any way, shape or form".


- https://www.bbc.co.uk/news/technology-61880709

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Re: Musk endeavours

#508983

Postby BobbyD » June 23rd, 2022, 10:24 am

Tesla's overwhelming concern, he said, is "How do we keep the factories operating so we can pay people and not go bankrupt?"


- https://www.reuters.com/business/autos- ... 022-06-22/

BobbyD wrote:
odysseus2000 wrote:
BobbyD wrote:
odysseus2000 wrote:Musk appealing to the Supreme Court over what the sec can do & whether he must abide by their rulings:

https://www.google.com/amp/s/www.nytime ... t.amp.html

Regards,


Musk has joined an amicus brief in a case involving an ex CFO who is appealing the SEC's policy of
requiring settling defendants to agree not to deny the SEC’s allegations publicly nor to assert that the government’s complaint was unfounded.


- https://www.reuters.com/legal/litigatio ... 022-04-26/

...which Musk has already done, and is not an appeal on his part.


It bypasses the appeals process by going straight to the Supreme Court.

Regards,


That would still be an appeal, this isn't.

An amicus brief is made by a party who is not a party to proceedings, eg. this isn't his case.



Companies
Tesla Inc

WASHINGTON, June 21 (Reuters) - The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp executive and backed by Elon Musk to a Securities and Exchange Commission (SEC) rule requiring people who agree to settlements with the agency not to deny its allegations against them.

The justices declined to hear former Xerox chief financial officer Barry Romeril's appeal of a lower court's decision that the rule does not violate his free speech rights under the U.S. Constitution's First Amendment. Romeril agreed under the rule not to deny accounting fraud allegations he settled with the SEC in 2003.


- https://www.reuters.com/legal/governmen ... 022-06-21/

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Re: Musk endeavours

#509017

Postby GoSeigen » June 23rd, 2022, 11:41 am

BobbyD wrote:
Companies
Tesla Inc

WASHINGTON, June 21 (Reuters) - The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp executive and backed by Elon Musk to a Securities and Exchange Commission (SEC) rule requiring people who agree to settlements with the agency not to deny its allegations against them.

The justices declined to hear former Xerox chief financial officer Barry Romeril's appeal of a lower court's decision that the rule does not violate his free speech rights under the U.S. Constitution's First Amendment. Romeril agreed under the rule not to deny accounting fraud allegations he settled with the SEC in 2003.


- https://www.reuters.com/legal/governmen ... 022-06-21/


From earlier link:

"But the executives in the amicus brief argue that the choice isn’t actually a choice. They say most cases end up settling because fighting the S.E.C. is too costly. Mr. Musk has said he settled because litigation would have put Tesla under too much financial pressure and jeopardized its financing."

LOL. Richest man in the world says he can't afford to defend himself in court. [Shakes head.]


GS

odysseus2000
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Re: Musk endeavours

#509107

Postby odysseus2000 » June 23rd, 2022, 8:28 pm

From earlier link:

"But the executives in the amicus brief argue that the choice isn’t actually a choice. They say most cases end up settling because fighting the S.E.C. is too costly. Mr. Musk has said he settled because litigation would have put Tesla under too much financial pressure and jeopardized its financing."

LOL. Richest man in the world says he can't afford to defend himself in court. [Shakes head.]


GS


At the time to which this refers, Tesla were negotiating investments from various private sources. Musk concern was that court action against the SEC would jeopardise these negotiations and endanger Tesla due to potential funders walking away. To avoid this risk he settled with the SEC, a settlement that involved paying fines to the SEC which were collected and destined to be distributed to shareholders, but no distribution occurred.

Musk argued this case at a lower court, saying the SEC knew that his funding secure claim was correct but still wanted blood and to avoid risk to Tesla, Musk settled. He lost and is now appealing that decision.

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Re: Musk endeavours

#509111

Postby odysseus2000 » June 23rd, 2022, 8:41 pm

BobbyD wrote:
Elon Musk says Tesla's new factories in Germany and the US are "losing billions of dollars" due to battery shortages and supply disruptions in China.

The multi-billionaire also called the plants in Berlin and Austin, Texas "gigantic money furnaces".


- https://www.bbc.co.uk/news/business-61905276

Elon Musk says he's wading into politics to stop the 'woke mind virus' from destroying civilization


- https://www.businessinsider.com/elon-mu ... ?r=US&IR=T


Elon Musk: Billionaire's daughter cuts ties with her father

Elon Musk's transgender daughter has applied to legally change her name and gender, saying she no longer wants to "be related to my biological father in any way, shape or form".


- https://www.bbc.co.uk/news/technology-61880709


It is incumbent on any CEO to not mislead investors who, if they feel mislead, have recourse to litigation.

With the furnace quote he is being honest. Ramping a new factory is expensive, ask anyone who has started up a new manufacturing plant.

Carnegie had the same issues with his steel plants, but once the plant is up and running then the furnace operates in reverse and spew out far more cash that it consumed in the construction and start up phase.

This is the issue troubling legacy. They want to transition to BEV, but to do so means hurting their ICE business and at the same time consumes a lot of cash. Hence legacy are going slowly, creating small BEV production facilities and praying they can keep their legacy business running too.

The rest of the links are noise.

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odysseus2000
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Re: Musk endeavours

#509423

Postby odysseus2000 » June 24th, 2022, 10:39 pm

The evolution of the skin of Star Ship:

https://youtu.be/CP8Hbr2jL_c

Regards,

odysseus2000
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Re: Musk endeavours

#509693

Postby odysseus2000 » June 26th, 2022, 9:51 am

Carl new battery, claimed to offer 13% better performance than 4680:

https://twitter.com/khernandez/status/1 ... 0UyLAfTrig

Regards,


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