RealTesla

Sounds important, but don't ask me questions cause I don't understand wtf is going on yet.

Bloomberg link: https://www.bloomberg.com/news/articles/2024-01-30/elon-musk-s-55-billion-tesla-pay-package-voided-by-judge , I'm looking for another article without a paywall. If anyone sees one, please post.

EDIT: I'm locking this topic. This other topic (https://lemmy.world/post/11386594) is better for discussion, since the APNews has a free article for us to read.

Tesla opened -9% this morning, then quickly dropped to -10%, 11%, and beyond as the hours went by.

It is clear that last night's earning report + call was bad. I've got the links elsewhere here on realtesla if anyone wants to dig through the data and discuss.

https://lemmy.world/post/11145388 -- Earnings data (pdf).

https://lemmy.world/post/11145268 -- Youtube of Earnings Call.

Going live in less than half an hour, if anyone cares to give it a listen.

I don't, but... please discuss any good lines said in this earnings call. We know earnings are down and the stock price is down. So I'm curious how they're going to sell the news.

Earnings news starting to come in. I'll try to get topics up as the news gets released today.

More terrible range estimates incoming.

Jalopnik is mostly just quoting stuff from another article that was quoting forum posts. So its basically hearsay at this point. Still, its further evidence that Cybertruck's range is utter crap (and these original posts seem legitimate, as they originate from pro-Tesla sites).

Earnings coming in tomorrow, and Earnings Call tonight at 5:30pm EST (a bit after market close).

This is mostly the announcement-for-the-announcement. One way or the other, we get data tonight and tomorrow.

If you don't want to watch a 20-minute Youtube review of the Cybertruck, the answer is simply 90 miles.

TL;DR: The recent "Clothes Folding Robot" was human-controlled. Its not autonomous at all.

In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.

Notably, Musk held a stake of more than 20% in Tesla before he sold a large number of shares to buy X, the social media company he purchased over a year ago for $44 billion.

I mean, we all know that the Board of Directors is basically Elon Musk proxies. Given today's index-fund based investing, most shareholders are completely ignorant of their ability and right to vote for board of directors or control politics to this degree.

I'm thinking Elon Musk might be able to pull this off. Not necessarily giving Elon Musk more money or shares per se, but the Board of Directors could give him more votes (ie: creating a new Elon Musk-exclusive class of shares with 25% voting rights). Unless the shareholders wakeup, this sort of thing would be pretty easy for the current Board of Directors to rubber-stamp and give to Elon.

I know I posted a similar story already, but there seems to be a "cross-posting" benefit on Lemmy since articles that are shared across communities link to each other.

Furthermore: the Associated Press is a superior source of information. So they definitely take priority on any story.

My guess is that LiFePo4 cells are getting hung up. But the article is very light on details. I'm guessing Reuters has more detail if you subscribe to them?

I'm editorializing a bit, but the above line is part of this Threads post.

This Threads user tests out the pinch sensors (or really, the lack of them) on Cybertruck with a carrot. The results are much worse than you'd expect.

We all know that Cybertrucks have had a less-thank-lackluster release. Not many of these trucks could have been made yet.

Nonetheless, video-after-video of these beasts keep getting stuck in the ~~mud~~ snow in this case, now with snowy weather blanketing part of the north-east. Jalopnik is blaming tires, which sounds like a possibly valid issue.

But given the failures in the mud last month, I'm now wondering how much of this is perhaps a bad traction-control algorithm, or other feature of the cybertruck? Maybe its just the shear mass alone that is wrecking the traction.

In either case: the Cybertruck has no staying power in mud or snow. I can't imagine this going well in any offroading event or other similar trucking duty. If the cybertruck loses traction in these simple snow cases, there's no way it could be used as a plow for example.

This links to the archived version. Original link is: https://www.wsj.com/business/elon-musk-illegal-drugs-e826a9e1

Elon Musk and his supporters offer several explanations for his contrarian views, unfiltered speech and provocative antics. They’re an expression of his creativity. Or the result of his mental-health challenges. Or fallout from his stress, or sleep deprivation.

In recent years, some executives and board members at his companies and others close to the billionaire have developed a persistent concern that there is another component driving his behavior: his use of drugs.

And they fear the Tesla TSLA -0.18%decrease; red down pointing triangle and SpaceX chief executive’s drug use could have major consequences not just for his health, but also the six companies and billions in assets he oversees, according to people familiar with Musk and the companies.

The world’s wealthiest person has used LSD, cocaine, ecstasy and psychedelic mushrooms, often at private parties around the world, where attendees sign nondisclosure agreements or give up their phones to enter, according to people who have witnessed his drug use and others with knowledge of it. Musk has previously smoked marijuana in public and has said he has a prescription for the psychedelic-like ketamine.

In 2018, for example, he took multiple tabs of acid at a party he hosted in Los Angeles. The next year he partied on magic mushrooms at an event in Mexico. In 2021, he took ketamine recreationally with his brother, Kimbal Musk, in Miami at a house party during Art Basel. He has taken illegal drugs with current SpaceX and former Tesla board member Steve Jurvetson.

Etc. etc. That should get the bulk of the summary in. Given Elon Musk's widely known partying in Silicon Valley, as well as him acknowledging the use of both Ketamine and Ambien as party drugs, the news of harder drugs is no surprise to me at least.

Elon has denied this article, but here's some interesting details. This one is spicy:

Hundreds of SpaceX employees gathered around mission control at the rocket company’s headquarters in Hawthorne, Calif., in anticipation of Musk, who was nearly an hour late to arrive at the all-hands meeting about the company’s latest rocket.

When he finally took the stage, Musk was strangely incomprehensible at times. He slurred his words and rambled for around 15 minutes, according to executives in attendance, and referred repeatedly to SpaceX’s Big Falcon Rocket prototype, which was known as BFR, as “Big F—ing Rocket.”

I don't expect much to happen with regards to TSLA board or SpaceX board. But maybe the Feds will be forced to step in? Elon does have a top secret clearance apparently, and hard drugs are a big no-no.

Not the Cybertruck story, but perhaps more important.

The Justice Department has been probing Tesla for their exaggerated range claims, and suddenly Tesla has decided to reduce their estimates on these already-released cars.

Electrek isn't the best resource, but the original information is from like an 1-hour 40-minute Youtube video (as well as a 5+ hour livestream test of the Cybertruck's range). Link in the Electrek article.

The 254 mile highway range test is perhaps the most troubling issue brought up so far, and even pro-Tesla outlets like Electrek is bringing it up as an issue.

Rule5: we should use the original titles. As clickbaity as this original title is, I'm keeping it.

That being said, its an interesting analysis to the headwinds of Tesla moving into 2024. As yall may know: Tesla was forced to drop prices more than almost every car manufacturer out there. Cybertruck is seemingly a dud (lots of people canceling orders, poor performance in practice, etc. etc.) and Elon's reputation continues to tank as he tweets more-and-more on Twitter.

This was already known in public. But the big development here is the pravda.com.ua address, a major Ukrainian newspaper who is reporting this.

I feel like the Ukrainians were feeling pressured to keep a good relationship with Elon Musk, even through this obvious betrayal. Seeing the Ukrainians speak up and out about this issue is good: people need to know how Elon Musk screwed them over and how easily his opinion is changed by phone calls from the Kremlin.

Fidelity is one of the few companies who is publicly estimating the value of Twitter.

Fidelity is an owner of Twitter equity (one of the groups who kept their shares after Elon Musk bought the rest of the company). Since Fidelity is a financial firm, they try to estimate the value of their holdings.

By the numbers: Fidelity believes that X is worth 71.5% less than at the time of purchase, according to a new disclosure that runs through the end of November 2023 (Fidelity revalues private shares on a one-month lag).

cross-posted from: https://monyet.cc/post/2476921