Elon Musk and Pedo Cave Rescuer Claim.

[Escapegoat]

zubzob said:

I can't find the link right now. WIll check after lunch. But the gist was, I think only France was more pessimistic about the future than the average brit.

Musk has a terrific track record fo executing his ideas. He also tries to stress he doesn't have a crystal ball and he can't know for sure how long things will take. But the press and shorts usually whip forecasts into hard deadlines and use his failures to belittle his achievements, which I think is an unwise of energy.

I think we need more optimism and love in the world. Unsowrth was very pessimistic about Musk's submarine PR stunt, much like many on here are about Musk in general.

But I think it's a very insular way of looking at things. I've lived in the USA as well as ASIA and feel there is a much more optimistic view on progress in these countries, and a corresponding lower hunger for personal tabloid gossip in the press around negativity.

Just my experience .

From someone who took the most exceedingly pessimistic position on Vern Unsworth? (Yes, I saw the scummy stuff you wrote before the mods deleted it.)

The only consistency here is your blinkered adoration for Musk.

[Clockwork Cupcake]

zubzob said:

I think we have very different definitions of pessimism.

And, indeed, decency.

[alfaman]

Eric Mc said:

We are talking shareholders here - not voters. They are, by nature, a much more cautious bunch - especially institutional shareholders.

Who owns th majority of shares? Musk or various banks and funds?

[Eric Mc]

Interesting question.

When you are CEO of a public company, you do have to be aware of how your actions will be perceived as shareholder confidence is massively important.

Whilst I am a huge fan of what Musk is trying to achieve from an engineering point of view - he needs to be a lot more careful about his performance in the public arena - especially in areas that have little or nothing to do with his core operations.

[TooMany2cvs]

alfaman said:

Who owns th majority of shares? Musk or various banks and funds?

https://www.nasdaq.com/symbol/tsla/ownership-summa...
Institutions own about 63% of the total, almost all of which (~55% of total) are owned by just five institutions.

https://www.nasdaq.com/quotes/insiders/musk-elon-8...
Musk owns about 31% of the total, the single largest shareholder (including the institutions)

[4x4Tyke]

Defamation laws were neutered a few years back because the media wanted to lie with impunity.

Who'd have thought the Leveson Inquiry would have had the opposite effect it was supposed to have.

[Eric Mc]

It's a bit like when John Lennon said that "The Beatles were bigger than Jesus". It was a completely honest and accurate view of where The Beatles were popularity wise in 1966 - but it massively damaged their image in certain parts of the world. They even had to cancel a leg of a world tour.

I don't think Lennon realised how his comments would be perceived by certain groups.

Musk is a bit like this now. He is "king of the world" at the moment and probably believes he can speak his mind on everything with no consequence.

[Eric Mc]

TooMany2cvs said:

https://www.nasdaq.com/symbol/tsla/ownership-summa...
Institutions own about 63% of the total, almost all of which (~55% of total) are owned by just five institutions.

https://www.nasdaq.com/quotes/insiders/musk-elon-8...
Musk owns about 31% of the total, the single largest shareholder (including the institutions)

Thanks for doing the searching. It kind of backs up my point about the need to thread carefully.

[Rich135]

ash73 said:

I'm amazed they're demanding such a small sum, if there's no evidence to support his claim personally I think the payout should be $1m+ it's the single biggest taboo in modern society and a very serious matter to make unfounded accusations.

Although I like what SpaceX is doing (the reuse/landings aspect, not the putting more junk in orbit) it's completely changed my opinion of him and I wouldn't touch a Tesla product with a bargepole.

I am totally with you on this one. I have loved the products for a while, and though I am near to affording one, he actions have completely put me off the entire company.

We are only a year or so from having an awful lot more choice anyway.

[TooMany2cvs]

Eric Mc said:

TooMany2cvs said:

https://www.nasdaq.com/symbol/tsla/ownership-summa...
Institutions own about 63% of the total, almost all of which (~55% of total) are owned by just five institutions.

https://www.nasdaq.com/quotes/insiders/musk-elon-8...
Musk owns about 31% of the total, the single largest shareholder (including the institutions)

Thanks for doing the searching. It kind of backs up my point about the need to thread carefully.

Indeed. If FMR - Fidelity - say "Oi, Elon, shape up, ship out, or we're cutting our losses while we can on our 19%...", then he's got some serious thinking to do, because that share price is only going one way.

There's been questions for months now about whether their need for finance is sustainable.
June - https://www.cnbc.com/2018/06/05/how-much-cash-tesl...

I'm sure I remember reading something about how keeping the refinancing rolling needed the share price to go up, and IIRC $340 was a key number. It's currently $294.

From that CNBC article...

One analyst said:

If Tesla hits the $10-per-share net income loss (for FY2018), they're going to run out of cash by the end of the year ... the consensus estimate on Wall Street is that Tesla will lose $9.70

Q1 2018 losses were $4.17/share
Q2 2018 losses were $4.22/share
I make that $8.39 already , and there's still two quarters to report.

Sure, Model 3 production improved, with a run of four 5,000 car weeks and one 6,000 through August, but then it fell right back again - trying to reintroduce the automation they took back to manual to unblock it in the first place? It's currently reckoned to be below 3,500 cars/week, which is where they originally predicted they'd be by about October last year. So Q3 doesn't look like it's going to be profitable.

[Clockwork Cupcake]

Rich135 said:

We are only a year or so from having an awful lot more choice anyway.

Indeed. I think the offerings from Jaguar and Mercedes-Benz are probably going to bury Tesla as a car manufacturer. Tesla's USP has always been that they effectively had no competition.

I think the Jaguar I-PACE is a fantastic looking car and is going to seriously harm Tesla's sales.

[RJG46]

Escapegoat said:

From someone who took the most exceedingly pessimistic position on Vern Unsworth? (Yes, I saw the scummy stuff you wrote before the mods deleted it.)

The only consistency here is your blinkered adoration for Musk.

A Branch Elonian.

[Halb]

zubzob said:

But I think it's a very insular way of looking at things. I've lived in the USA as well as ASIA and feel there is a much more optimistic view on progress in these countries, and a corresponding lower hunger for personal tabloid gossip in the press around negativity.

Just my experience .

If that was true, then stuff like; trump, alex jones, prison planet and that sort wouldn't be so popular.

I do agree that the world needs more love though.

[Cold]

Reuters is reporting that Tesla is now under investigation by the Dept of Justice for comments made by Musk - with the inevitable downward knock on effect on the share price.

[TooMany2cvs]

Cold said:

Reuters is reporting that Tesla is now under investigation by the Dept of Justice for comments made by Musk - with the inevitable downward knock on effect on the share price.

Over the "taking it private" tweets. No great surprise there - the SEC have been investigating for a while.

[anonymous-user]

Any decent person would offer payments to the bloke, pay some to charity. Apologise and move on.

Yet this tt hasn't for whatever reasons. Remember at the heart of it is someone's reputation, some might even top themselves over such a comment.

I would never buy anything from such an fake haired odious man.

[AshVX220]

The problem with Musk (and I'm a pretty big fan of what SpaceX has achieved) is that the celebrity status is taking over the CEO/Engineer status that made him who he is.

He appears to be revered among "the left", probably because of Tesla and the green energy businesses, which have pushed the celebrity element higher. He (like pretty much every other celebrity) would do well to avoid twitter and just focus on what he's clearly very good at.

I really hope this knocks him down a peg and helps him re-focus, but I fear the ego, arrogance and narcissism will win out in the end.

[RJG46]

Musk's upcoming Electric Spruce Goose.

[Pat H]

Thesprucegoose said:

Any decent person would offer payments to the bloke, pay some to charity. Apologise and move on.

Yet this tt hasn't for whatever reasons. Remember at the heart of it is someone's reputation, some might even top themselves over such a comment.

I would never buy anything from such an fake haired odious man.

I concur.

[TooMany2cvs]

Thesprucegoose said:

Any decent person would offer payments to the bloke, pay some to charity. Apologise and move on.

There's a strong parallel with the Hatie Kockpins/Jack Monroe thing, isn't there?