Posted on 06/03/2022 6:16:24 AM PDT by blam
“High revenue growth at all costs...”
In other words, company growing by leaps and bounds with corresponding losses. The only reason these dogs ever got funding was investor stupidity due to 0$ Fed rate. These losers should never have had their stock purchased to bein with. They are going to zero.
I believe what you say about “clearing the dead wood”. In fact, over the last couple years moving a significant part of the Tesla operation to Texas achieved that purpose too.
Pretty much sums up how I felt that day and yes, underestimated the damage that was coming so quickly.
Tesla made a huge capital investment in China to produce EVs. Thus far they have not been able to extract from China any hard currency profit as a return on investment. The Chinese also became privy to all their proprietary information. Tesla has always been an unusual company. Musk has been risking much alienating Biden. Suspect if the SEC and the DOJ really investigated what and how this publicly traded company did and reported, it would not be hard to find a few crimes.
Under Welch, the innovations stopped. Robotic production was rewarded while thinking, creativity, and engineering was discouraged as those qualities are difficult to measure. Short-term financial performance is usually the outcome of a Welch approach, while long term business goals suffer. MBA schools like to teach that businesses should worry about today and get as much profit as possible now. Welch was one of those people that changed business schools into this type of lazy thinking.
Yup. GROSSLY underestimated the depths they would go to to try and destroy this country. At that, they are doing a good job. Oh, and sowing divisiveness.
But, But, But, we’re all just about to buy electric cars.
Hell he aint the only one and I need no statistics to figure that out!
I don’t see how we can avoid recession with the scarcity of fuel, food, commodities, and raw materials. China is starving us (which in the long run may be a good thing). Too many dollars chasing too few goods eventually something is going to give. The fuel issue alone will trigger recession, the other issues make it a perfect storm.
Wonder how this development is going to affect Governor UnKEMPt of Georgia’s plans to double down and fund a new Electric Car Plant for Rivian whose stock price has tanked in the past 2 months.
A lot of kickback money to politicians and insiders is in the balance. I’m sure he’ll push as hard as he can, taxpayers be damned.
Panick is not useful planning is
“Everyone at Tesla is required to spend a minimum of 40 hours in the office per week … If you don’t show up, we will assume you have resigned.”
I have never met Elon Musk and all I know about him is based on what I read online, but I respect the hell out of the dude. He speaks his mind and doesn’t mince words.
Very unfortunate the majority of US CEOs and corporations have gone woke. What a sad situation. An immigrant from South Africa has more courage, self-respect and a stronger personal constitution than all the other Fortune 500 CEOs combined. He embodies all that made our nation strong, prosperous and the global leader in innovation.
How far we have fallen. Most the pity.
Whelp, I hope you’re saved, because no amount of planning is going to deliver you from the coming wrath.
https://bible.org/illustration/events-tribulation-period
“This market is not rewarding high revenue growth at all costs. You’re being rewarded from improvement in return on investor capital and free cash flow generation,” Peter Garnry”
I wonder what impact this will have on wokeness? Maybe some companies will realize their job is to make money for the shareholder and not to coddle a bunch of queers and other assorted freaks?
For a number of years, I was ordered to rank my chip-making engineering staff that way. I tried to explain to my boss that unlike other groups of engineers, I only hired and had '10' rated engineers.
One of the techniques I used to rank was to have each of my engineers rank themselves as #1 then rank all the other engineers in my group and give me the results. It was amazing, we all thought the same.
Yup. He was known as 'neutron Jack'.
(Kill all the people and leave only the buildings, like a neutron bomb would do.)
Poor choices? Musk, a founder of Paypal, is not wise with money?
You could be right. However, Musk is not just a billionaire. He’s the most successful billionaire on the planet. I believe he knew exactly what he was getting into when he acquired a significant stake in Twitter.
Calling Twitter out on their bot problem is all part of the plan to drive the negotiated price down due to fraudulent SEC reporting.
Interesting insight. Your comment also reminds me of “white vehicle training” we used to get at Dowell before they became Schlumberger who continued it and branched out to others.
The fleet box truck is generally occupied being a mobile storage box as is the pickup with tool boxes.
Why is the white box so expensive to operate?
If a reliable 400 mile range without nursing it and at a price similar to IC vehicles the EV becomes attractive to me and I spent decades drilling for oil and gas. Retired, almost all of our trips are less than 200 miles round trip plus some loiter time in town running errands on such a trip to the city. Our longest regular trip is about 300 miles and I am disinclined to drive more than about 350 miles a day IF we ever do travel very far so the 400 mile EV is beginning to fit us.
Reliable includes some arrangement to replace the battery for some credit in not less than 10 years. If reliability, life and range do not improve someone will figure out a commercial arrangement to reduce those problems. Even current manufacturers face the problem of longevity of their product cutting into replacement sales. We drive a 16 year-old car and an 18 year-old truck both in good condition both garaged and serviced regularly. Since retirement we drive a combined distance of less than 10,000 miles per year. My truck tires will time out before they wear out. I expect that EVs power trains will last a good long time.
The relative simplicity of the EV power train is the most compelling feature and the battery the least. The new Magna eBeam axle incorporating motor and axle if at the right price point and IF a conformable battery pack were available would be attractive for EV conversion of an IC vehicle. I have a pickup to restore and it would be a perfect application. There is NO transmission required and the torque curve is just about flat as it can be. Ford’s EV crate engine is a competitive buy if not for the battery pack.
One of the many problems with the battery pack is lugging around 1,000 lbs of batteries all the time and up to 3X the tire wear. Tires produce 1,800x the particulates for their normal wear duration as the engine that drives them along.
My big barn cries for about 10 kw of solar panels and the EV would solve the excess current storage problem. It is becoming enticing to me.
You mean musk is not a mutant genius and is just a talented but lucky man who managed to capitalize on government subsidies at the right time?
Tell me it isn’t so.
Impulse makes you the early bird that catches the worm but it also can make you blunder when you get too confident. Twitter is a mess but the gooberment has made it worse by throwing up barriers to save it for themselves as a propaganda arm.
I’m not at all convinced musk ever really intended to buy titter. I think he gets bored and jacks with people he thinks need their noses tweaked. I would enjoy that too.
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