Elon Musk is acting more like a desperate man than a visionary

Business Insider ^ | 05/05/2018 | Matthew DeBord

[SeekAndFind]

Tesla CEO Elon Musk attacked sell-side analysts from Bernstein and RBC apparently because they supported short sellers of Tesla stock.

• Tesla is at a critical point in its 15-year history, losing vast amounts of money while still riding a high stock price.
• Musk hasn't endured this serious a threat to his vision since Tesla's early days, and the strain is showing.

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If you were the CEO of a company that had been around for 15 years, never posted an annual profit, but had seen a nearly 1,000% appreciation in your stock and were considered — by some — to be the reincarnation of either Leonardo da Vinci or Thomas Edison, would you take to Twitter to pick fights with an obscure group of finance wonks who ask you somewhat difficult questions after you were required by US securities law to disclose that you lost over $700 million in three months?

You would if you were the new Elon Musk, who once hovered above the Wall Street fray but now realizes that he's far more dependent on the capital markets than he ever wanted to be.

If you haven't been keeping up, Musk flipped out on a call with analysts on Wednesday after Tesla announced another huge quarterly loss.

[FLT-bird]

The truth is none of his companies work in a real free market. They’re totally dependent on subsidies and government contracts. Without government tilting the scales massively in his favor, his companies are done.

[Mr. Lucky]

Thanks.

[Moonman62]

The other 20 posts per Musk threads for months on end.

...

You couldn’t answer my relevant questions here. You can’t do it on the other threads either.

[EEGator]

You’re bluffing, or old. I never “spoke” on those threads, only read.

[Moonman62]

Well, now’s your chance to speak.

Either answer my relevant questions on this thread or provide examples from the others.

Also, on this thread I said in post #13 that Musk messed up which further erodes your claim.

[Zathras]

Much of his business model depends on federal $$$
Tesla and Space-X are the two biggies.
He is also involved in the high speed train and interstate corridor from AZ to Oregon thru NV.

Lots of good design were put into the high end Tesla cars but its hard to put the same quality into 1/3 the price point.

[GOP Poet]

hmmm. great point about the schools and correlation to the government subsides. The point I was making in an earlier post however was the foundation of each company--Tesla vs Apple--and how one used subsides (Tesla) and the other free market investors (Apple.)

Yet your point of later in the game with Apple is a great one to flush out Apple's tie to government. And very thought provoking as well on multiple levels in retrospect.

One of those levels for me is the difference in era. It was also a different environment then as well. Government wasn't good for putting it all in for a young start up so blatantly in cash dollars as it was in the Obama area of throw away tax dollars for the liberal fantasy world (although I'm sure HP or Compaq don't share my thoughts here as by supporting Apple they do show support and dollars for a certain company.)

And the sad thing is about the Obama administration's stealing and throwing away our money for their agenda. They got away with it because Americans let them. (and so I go off on my own here.) But alas. Your point made me ponder . . .

[GOP Poet]

Thanks so much for your post and information. Very helpful. Regarding your last point about 1/3 the price point. How did those cars end up? Are you at all familiar with the reviews by consumer off hand. (I can also research of course. But generally curious if you knew off hand how the less expensive (and thus more affordable by more) are going in the middle to lower market. I see quite a few here in high end, southern coast California (Santa Barbara and west LA.) But don't see the A LOT of them and certainly no mid level cars.

The high speed train. Where is this supposed to be? Are you talking the boon doogle one by Govenor Brown or would that be the corridor you mentioned. Also DIdn't Musk propose something in LA? Like freeways underground?

[GOP Poet]

You’re bluffing, or old.

lmao here. (I don't know either one of you. But this made me laugh hard.

[GOP Poet]

Your an asshole grammar cop. This also made me laugh. I don't want to involve myself in the dispute between you two at all. But I must hand it to you both. You both attack humorously at times to the mirth of some of us.

[GOP Poet]

excuse my f- up italic post. But your comment made me laugh. Even if my post of it was an Italic failure.

[GOP Poet]

Point well taken and stated.

[GOP Poet]

Donald was also uber wealthy (maybe that’s the word to differentiate the two types of wealth.) and also his not taking a salary is symbolic.

[catnipman]

“Solar City are scum that prey on the stupid and elderly.”

agreed.

just google: solar city reviews OR ratings:

https://www.google.com/search?q=solar+city+reviews+OR+rating

if this company is surviving only because of their sales force coning people into buying their crap, then I’d have to rank their sales force right down there with the old door-to-door encyclopedia sales scum ...

[montag813]

If you were the CEO of a company that had been around for 15 years, never posted an annual profit, but had seen a nearly 1,000% appreciation in your stock

Um...that is exactly the history of Amazon.com, btw, which ONLY shows a profit because of its cloud business.

[meatloaf]

LOL

[SunkenCiv]

Meanwhile, Ford stock remains under $12 a share. Historically, Musk appears to have problems in relationships, either personal or business partnerships.

• Tesla's Model 3 Reservations Paradox Explained

[SunkenCiv]

He's been sleeping on the couch in an empty office at the factory. I guess all the imaginary government handouts and decades of imaginary subsidies so many talk about but can't go into detail about aren't enough for someone who really works his ass off to make sure his company succeeds. This is a PR problem more than anything, and he's always demonstrated that he is blissfully unconcerned about PR.

• Elon Musk explains how a ‘Fluffer Bot’ slowed down Model 3 production
• Leaked Tesla email says Model 3 will go to 24/7 production

[EEGator]

And that’s what I like. ;)

[Tallguy]

Is Elon Musk running the US Postal Service? Just askin’.