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Split Thread Musk, SpaceX and future of Tesla

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Elon's new gambit:

Elon Musk confirms his threat: give me 25% of Tesla or you don’t get AI and robotics

Elon Musk appears to confirmed and even clarify what can be seen as a threat to Tesla shareholders: give me 25% of the company or I won’t build AI and robotic products at the company, after making clear that the company is worthless without those.

In recent years, Musk has repeatedly stated that Tesla is an AI and robotics company. He has even said that Tesla is worth virtually nothing without self-driving, its main AI product.
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Read on. I don't want to quote too much from the article, but here is a direct quote of the tweet to which Musk replied "Yes."
If Elon gets 25% voting power, Tesla is reincorporated in Texas, and compensation package is approved, then AI & Robotics stays within Tesla and the company can march on forward to become the largest company in the world.
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Otherwise? AI & Robotics does not stay within Tesla and the company cannot march on forward to become the largest company in the world?
 
seems to me he’s already damaged tesla enough trying to secure this deal that you’d have to assume he’s not bluffing.

of course i think tesla is being lapped by it’s competitors due to the last few years of mismanagement. so to promise delivery of any of that is maybe beyond him at this point
 
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Any value there is almost certainly in the employees and their knowledge. Maybe he thinks he can start a new company and move those people into that while eliminating jobs for any who want to stay with Tesla. We saw something like that happen at OpenAI when the board tried to fire the CEO. Whether he actually has the clout to do it is another question.
 
Puppycow said:
Any value there is almost certainly in the employees and their knowledge. Maybe he thinks he can start a new company and move those people into that while eliminating jobs for any who want to stay with Tesla. We saw something like that happen at OpenAI when the board tried to fire the CEO. Whether he actually has the clout to do it is another question.
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Musk already just takes Tesla employees to use at his other companies whenever he pleases. The board has had no will to stop him thus far.
 
a_unique_person said:
If the Board is not doing it's job no wonder Musk can just randomly break things. Time to change the board. Get some actual governance happening before it's too late.
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If the board isn't doing their job then it's up to the shareholders to apply pressure.

The trouble seems to be that too many of the shares are held by Musk and his fanbois. In a "normal" company with a "normal" shareholder base, the institutional shareholders have a lot of leverage and would now be putting a lot of pressure on to protect their investment. I recall a long time ago when I was briefly a director of a publicly quoted company that an awful lot of time and effort was expended by the board members keeping the shareholders on board.
 
Unless Musk and his cronies are the majority shareholders then the board is in dereliction of it's duties.

If they are majority shareholders, all other shareholders need to price this into their investment decisions.
 
How's the Cybertruck doing?

I keep seeing videos of people who bought into the hype and try to go off-road only to get it stuck in a river, on a log, or somehow breaking the steering on it, or almost severing fingers, ankles and feet etc... but usually these are accompanied by comments from the owner about how they, the driver, must be the ones who made the mistake.

It looks bad, even if (before I am contradicted by Samson) the Cybertruck wants to ban puberty blockers for minors or something, but I don't have much to compare it to. Are there any more or less non-hater but non-knob-polisher reports of how the Cybertruck is doing? Is it any better or worse than any other new design for car or truck manufacturers?

My own personal assumption from what I have seen, is that the Cybertruck is Musk's Sinclair C-5: a novelty item that will not end up being a successful design. But... I also think that some people are overblown in their dislike of Musk that they will swear blind that the reusable rockets don't and cannot work in a cost-effective way, or that Tesla's other EVs are rubbish, even though those claims seem to be proven false by reality.

So, I'm open to the idea that I am wrong, and that the Cybertruck will eventually be a success or even change the way the rest of the truck industry does things.
 
It's all on Tesla engineers if they are going to be allowed to fix the issues.

I have heard of failures with brake, steering and front suspension causing crashes. Then the sharp edges and doors that have no resistance detectors and can clip off fingers. Or trim bits falling off blocking controls the driver needs.

If musk really has lost interest in the cars maybe the others in Tesla will have a chance to make it right.

We can hope.
 
angrysoba said:
How's the Cybertruck doing?
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The latest hotness evidently is owners 3D printing "door closers" to stick onto the inside of their CyberTruck door so that they don't slice their hand open while reaching out and grabbing the edge of the door to close it like you can with literally every single other vehicle that exists except this one.
 
Well, finally saw my first Cybertruck on Monday. The sun was out and it was not that shiny, so one of my criticisms is not true (that it might blind other drivers).

I was really not impressed by it. Looks clunky, not futuristic at all.
 
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a_unique_person said:
It's a stupid claim either way. That kind of acceleration is dangerous and wastes energy. 99% of drivers need safety and utility.
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This kind of car = adventure claim is endemic in the automobile industry. It was a huge epiphany for me, the day I realized I should buy a car for safety and utility, rather than the imagined utopia of the open road and no speed limit.
 
Mmm.

Rehired Tesla Supercharger manager beautifully explains why he came back

Sounded like a decent guy, really. With that said, what caught my attention more in the article was the summation of what apparently happened that led to the mass firing.

sources say that amid a round of layoffs, Musk asked Tesla’s head of charging, Rebecca Tinucci, to fire 15 to 20% of her team, which she did.

But Musk asked for more and she pushed back against it.

The CEO decided to not only fire her for the push back, but to fire her entire organization of 500 people. It was seemingly to set an example since right after the move, he sent an email to other executives to warn them that the same thing will happen if they don’t cut as deep as he requested.
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Ugh. Just ugh.
 
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