Even Before Sunrise, Tesla is Having a Shitty Day

"PatBateman" (PatBateman) 09/07/2018 at 09:17 • Filed to: Tesla, dumpster fire

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Tesla’s Chief Accounting Officer has just resigned after little more than a month on the job, citing the “pace” of the company and the unexpected job publicity. Okay. But then, their “Chief People Officer” (AKA Head of HR) quit after going on hyattus 15 months into the gig. What say you, Oppo: Warning signs for the company, or “STFU ELON IS AWESOME”?

ETA: And Musk got high last night while chatting it up with Joe Rogan.  Shit-tastic day over at Tesla HQ, let me tell you. 

bhtooefr > PatBateman 09/07/2018 at 09:25

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The CAO (not CFO) was pretty obviously brought on as a go-private specialist, and the go-private was called off, so that’s a huge factor, there, in his departure.

themanwithsauce - has as many vehicles as job titles > PatBateman 09/07/2018 at 09:26

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It’s a problem, no matter how you slice it. Thing is, it’s not that they have issues, but how they respond to them. Every major car company has had similar issues at one point or another. But they fixed them and moved on. Tesla seems content to pretend it doesn’t have any because it’s headed by someone who just hates the very idea of being wrong nowadays. Musk used to be much more humble and willing to accept faults when they arose. Now he honestly seems to think he can do no wrong and gets upset that people disagree with him because, in his mind, he is right, so how can you be disagreeing with him?!?!?!

My money is on a hostile takeover of his company and SpaceX getting bought by an aerospace company. Or possibly a telecom company that needs to launch a shitload of satellites. Or china. Probably china.

Azrek > PatBateman 09/07/2018 at 09:36

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I have an Index Fund which has Facebook, Twitter and Telsa in it. I dumped a few grand before trading started this morning. I put it into other Index Funds...sheesh...what a mess. 

fintail > PatBateman 09/07/2018 at 09:39

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No worries, the cult will explain it all away.

The dopey tax gifts to buyers should be about to run out any day now, right?

DC3 LS, Fuck Hyundai, now and forever > Azrek 09/07/2018 at 09:41

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Twitter and Tesla are in indexes? I thought they only put stable companies with good long standing reputations in indexes?

Azrek > DC3 LS, Fuck Hyundai, now and forever 09/07/2018 at 09:49

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Check out M1 Finance (I have a referral code if you want one). It allows you to roll up companies or investment schemes into Indexes that allow you to invest in Micro-shares. So I can’t afford 1 share of Amazon, but I can afford $20 in a micro-share.

My Index has like 30 companies in it, which are designed around certain products or ideas. This one was a solid blue chip at the start of the year and now started hemorrhaging my gains.

DC3 LS, Fuck Hyundai, now and forever > Azrek 09/07/2018 at 09:59

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I don’t really have the spare money to invest, but sounds like a good deal! 

Azrek > DC3 LS, Fuck Hyundai, now and forever 09/07/2018 at 10:04

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If you change your mind later, shoot me a note. I think we both get like $50 if you invest like $100 or so. I put like $150 a month in there or any random pocket change I get to keep building. 

So you are right, it isn’t a traditional Index, but when I explain it...folks immediately call it an Index. 

user314 > PatBateman 09/07/2018 at 10:08

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God Emperor Musk is in total control!

Please meet Tesla’s new head of communications!

LongbowMkII > PatBateman 09/07/2018 at 10:13

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Nothing a quick wake and bake cant fix. 

E92M3 > PatBateman 09/07/2018 at 10:45

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Time is running out to turn this ship around. Elon needs to step down, and let someone else manage Tesla. He’s not of the right mind to continue leading the company.

I do hope they succeed, but they can’t keep burning cash. Competitors are catching up, and in 12 months there will be other electric vehicles to choose from. I would much rather have a Porsche Mission E or whatever they are calling it today over a Model S. They Model S is st arting to look dated to me. I see them everywhere. I think they'll need a new generation soon if they want to keep people interested. 

Textured Soy Protein > PatBateman 09/07/2018 at 10:46

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I recently had my first experience with Tesla fanboys. I made a snarky comment about Elon on some post about him, I can’t remember if it was Jalopnik or Gizmodo or whatever, but man, the fanboys came crawling out of the grays woodwork to defend him. 

PatBateman > Textured Soy Protein 09/07/2018 at 10:47

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Just remember: beware the Kool Aid. 

user314 > Textured Soy Protein 09/07/2018 at 11:07

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O ver on Ars we were talking about the hole that was apparently drilled into the hull of a Progress module and patched with glue before it was launched to the ISS, then started leaking air. The subject of the USSR’s legendarily bad manufacturing was brought up, and how you wanted stuff that was built on a Wednesday, but NOT Monday or Friday. Someone else chimed in that Detroit had similar issues, and I added my own 2¢:

It didn’t go over well...

user314 > LongbowMkII 09/07/2018 at 11:09

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Now we know his secret for coming up with all these “disruptions”. Hyperloop now makes sense in hindsight. 

PatBateman > E92M3 09/07/2018 at 11:10

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I agree with everything you said. Musk is having some personal issues in addition to being stretched very thin across three companies (two startups in different phases and one large cap growth company), and a gradual shift to another CEO would be a good thing.

Tesla will get caught by their rivals at this pace within the next five years, and their strategic advantage will be done. 

DipodomysDeserti > PatBateman 09/07/2018 at 11:17

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I mean, I keep hearing people say having incompetent , narcissistic ,   mentally unstable leadership doesn’t matter when you’re running a nation, so it can’t be that bad for a car company, right? RIGHT?!

PatBateman > DipodomysDeserti 09/07/2018 at 11:32

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Totally fine.  Yugely okay. 

gmporschenut also a fan of hondas > themanwithsauce - has as many vehicles as job titles 09/07/2018 at 22:40

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I think he’s always been like this, jus tnow in the spotlight so his crazy doubledowns are more public.

back in 2010  elon was  a big stink of the sae design in some trade magazine. to the reporters credit they didn’t just bend over and take his bs answer.

synapsus of interview : “ this sucks. teslas charger is better ”

“why?”

“the sae was designed by commitee”

“why does it suck?”

“it was designed by comitee”

“...why does it suck? ”