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Elon Musk's fame used to be a huge advantage for Tesla but now it's becoming a problem
Business Insider ^ | May 12, 2018 | Matthew DeBord

Posted on 05/12/2018 9:35:39 AM PDT by E. Pluribus Unum

Tesla CEO Elon Musk is a rare thing in the car business: a celebrity and a leader.

His celebrity has definitely helped fuel Tesla's rise.

But of late it has begun to reveal some disadvantages.

Maybe you haven't been paying attention to all things Tesla for the past two weeks. Here's an update:

Tesla reported first-quarter earnings and lost over $700 million in three months.

CEO Elon Musk, who is supposed to be sleeping on the floor of his factory in California, flipped out on an earnings call, silencing two analysts and taking 20 minutes of questions from a YouTuber who owns less than 100 shares of Tesla stock and pitched his insights to Musk via Twitter.

The stock tanked.

Musk got on Twitter to attack the offending analysts as instruments of short-sellers; neither has a drastically bearish view of the stock, and both have hold ratings.

The stock bounced back.

Musk warned short sellers that they were in for a world of hurt.

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: automakers; elonmusk; taxparasite; tesla
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1 posted on 05/12/2018 9:35:39 AM PDT by E. Pluribus Unum
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To: E. Pluribus Unum

In before the muskbots


2 posted on 05/12/2018 9:42:38 AM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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To: E. Pluribus Unum

Didn’t Musk recently turn on Trump. Quit his economic council?


3 posted on 05/12/2018 9:43:31 AM PDT by Fhios (Mr. Magoo or Rip Van Sessions?)
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To: E. Pluribus Unum

Musk = Ultra-Moocher.


4 posted on 05/12/2018 9:44:11 AM PDT by Seruzawa (TANSTAAFL!)
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To: E. Pluribus Unum

The media has pimped musk for so long it is just now starting to dawn on people that he is a huckster. Musk never puts any of his own money behind his new schemes that he announces every month. Almost all of his ideas are funded thru govt grants, loans and the like. In other words the TAXPAYERS are funding this ego maniac.

Also notice that this dirtbag NEVER finishes one project to completion. His strategy is to start working on new projects to cover up that he never finishes anything as promised.

Fortunately some press articles are starting to see the light with this crook. It is only a matter of time before his house of cards falls apart.


5 posted on 05/12/2018 9:44:56 AM PDT by Okeydoker
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To: Okeydoker

I have a friend who interviewed with him to head quality control. She said the cult of personality around him was creepy. He yelled and cursed and generally acted the ass.


6 posted on 05/12/2018 9:59:57 AM PDT by xcullen
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To: xcullen

Somehow that doesnt suprise me. I have always thought him to be ego maniacal personality.


7 posted on 05/12/2018 10:02:21 AM PDT by Okeydoker
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It was more fun when Obama helped bankroll his vanity projects.


8 posted on 05/12/2018 10:22:50 AM PDT by proust ("The rule is, jam tomorrow and jam yesterday, but never jam today.")
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To: E. Pluribus Unum

Musk is one of those rare individuals who should be locked away in an “ideas room” and not be allowed to head up the day to day management of a corporation.

Like Facebook’s Zuckerberg, neither have any management skills, leadership ability or apparently, training.
They seem to me to be great on ideas, but have no clue on how to manage a large corporation.
Crap, manufacturing automobiles is not a new process; Tesla has never and likely will never meet production goals for their vehicles.

I’ve worked in construction management on Yuge mining projects and have worked with brilliant engineers who couldn’t lead a person out of a burning building.

Get Musk out of corporate management and let him be the innovator that he apparently is.


9 posted on 05/12/2018 10:22:57 AM PDT by Cuttnhorse (Never fear the cow)
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To: Okeydoker
TAXPAYERS are funding this ego maniac. Also notice that this dirtbag NEVER finishes one project to completion. His strategy is to start working on new projects to cover up that he never finishes anything as promised.

All good points. I used to compare him to P.T. Barnum; but, I have stopped doing that because at least Barnum gave the customer some entertainment for their money.

10 posted on 05/12/2018 10:25:39 AM PDT by LibertarianLiz
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To: Fhios
Didn’t Musk recently turn on Trump. Quit his economic council?

Its kind of hard to tell where Musk is regarding President Trump. Just after the election there was a bunch of politicians and business people who gathered on an island to meet about getting him impeached before he was even inaugurated. Musk was at that meeting if I remember correctly. But then he was on Trump's business council. Then he left the council for some cheap virtue signaling points. But he did praise Trump recently about trade and especially tariffs with China, (which helps his Tesla business).

Musk has always been more pragmatic than ideological about business and trade, and is certainly willing to structure his business models around tax breaks. This seems to be where he is at now, not actively opposing Trump, just trying to help his own businesses. His latest deal with the government is accepting 20 years of tax breaks from Los Angeles in order to build the BFR rocket in Los Angeles.

11 posted on 05/12/2018 11:07:17 AM PDT by Vince Ferrer
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To: Darksheare

Impossible to get in before those with Musk Derangement Syndrome.


12 posted on 05/12/2018 11:09:36 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Okeydoker

You should read his biography that includes the positives and negatives. You would learn a lot based on your posts here.

https://www.amazon.com/Elon-Musk-SpaceX-Fantastic-Future/dp/006230125X


13 posted on 05/12/2018 11:12:06 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: LibertarianLiz

You should watch the Youtube video of the Falcon Heavy demo launch. That’s very entertaining if you’re a tech or space fan.

https://www.youtube.com/watch?v=wbSwFU6tY1c


14 posted on 05/12/2018 11:16:06 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Vince Ferrer

Trump gave Musk and SpaceX a nice congratulatory Tweet after the Falcon Heavy launch:

Congratulations @ElonMusk and @SpaceX on the successful #FalconHeavy launch. This achievement, along with @NASA’s commercial and international partners, continues to show American ingenuity at its best!

https://twitter.com/realDonaldTrump/status/961073467784421382?tfw_creator=mashable&tfw_site=mashable&ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fmashable.com%2F2018%2F03%2F08%2Fdonald-trump-praises-elon-musk-spacex%2F


15 posted on 05/12/2018 11:20:42 AM PDT by Moonman62 (Give a man a fish and he'll be a Democrat. Teach a man to fish and he'll be a responsible citizen.)
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To: Moonman62

Thx


16 posted on 05/12/2018 11:26:19 AM PDT by Okeydoker
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To: Okeydoker

Some of us have been warning people that he is con artist for a long time.

This crash and burn is going to be ugly....


17 posted on 05/12/2018 11:56:26 AM PDT by cgbg (Hidden behind the social justice warrior mask is corruption and sexual deviance.)
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To: cgbg

Could not agree more!


18 posted on 05/12/2018 12:27:24 PM PDT by Okeydoker
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To: Cuttnhorse
Showman A very good one But the gig is up with the bullcrap The auto is a very important thing And his autos right now seem to be killing people And electric cars suck battery powered car ? Yes they do The future is hydrogen fuel cells. Yes they use electric motors His little fraudulent no customer service Solarcity thing has failed ( I was their first engineer and we parted ways quickly. They had no idea what CONTRACTING is ) I saw his press conference where good questions were being avoided with childish statements I don't think his game is going to last much longer The free guvmint billions is over Good luck buddy In the REAL 🌎 WORLD
19 posted on 05/12/2018 2:13:38 PM PDT by Truthoverpower (The guvmint you get is the Trump winning express !)
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To: Moonman62

I’m not a fan of tax parasites.


20 posted on 05/12/2018 4:39:54 PM PDT by Darksheare (Those who support liberal "Republicans" summarily support every action by same.)
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