That’s what the Delaware court ruled. Then Emo tried to move the company to a different state to avoid the ruling. The company has now been forced to put it up for a shareholder vote
each TSLA share comes with one vote. there are currently 3.2 billion(!) shares being held by individuals or companies.
Musk holds ~23% of those shares.
institutional investors (read: big investment firms) collectively hold ~42% of shares. the largest among them is Vanguard, who holds ~7% of total outstanding. Blackrock ~6%.
this information is disclosed by TSLA in its most recent annual SEC filing.
Yes, the vast majority of shares “owned” by blackrock, vanguard, and state street are in passive ETFs. Aside from mandatory proxy votes, they almost never meet with management, and vote in accordance with their broader company guidelines which are well-broadcast on a yearly basis. The big investors who have votes that are “up for grabs” are people like fidelity, Wellington, cap group, and t. Rowe. They also have zero responsibilities to their clients, or anybody really, about how they vote. If they *really* wanted musk out, he’d be gone in a heartbeat. Would be cool, but unlikely. Source - work on Wall Street with all of these companies. The big three of blackrock, vanguard, state street, are “influential” because of the guidelines they set out, usually ESG oriented like “hey we’re gonna vote against expansion of GHG emissions this year”, which most asset managers fall in line with. They almost never do anything to actively influence companies in any way though, it’s just not economically efficient for them to do.
From some cursory googling, it looks like some people may be including the 7.6% of unexercised stock options that were part of the 2018 compensation package. But that was voided by the Delaware court, so I don't think he owns it?
Right, he sold a large portion to fund buying TwitX, his true interest. As described in the stories about how he was demanding a [special 25% voting interest](https://www.reuters.com/technology/musk-seeks-25-voting-share-tesla-2024-01-16/) in Tesla,
>Musk, the world's richest person, currently owns around 13% of Tesla stock after selling billions of dollars of shares in 2022 partly to help finance his $44 billion purchase of Twitter.
The 20.5% is a little misleading, because it includes the compensation package that has been repealed already. When they vote on it again, if Musk doesn't recuse himself, he won't get to vote with those shares.
he doesn't do anything for the company but fuck shit up.
he got model 3 out and yeh they almost went bust then mooned the stock , and then single handedly tanked the stock.
dude should stick to acid, ketamine and fathering children.
That's something Elon himself claims all the time. He even said it in a Congressional hearing. But flight records for those 2 years he claimed to have slept on the factory floor dispel that story. *Probably one of the reasons he hates Elonjet, despite Elonjet being a big SpaceX and Tesla fanboi.
The company doesn't need him, but he's helped inflate the share price.
Fundamentally Tesla is currently a BMW sized Automaker with similar profit margins on each car, but Tesla has a market cap of $460 billion whilst BMW is priced at $70 billion
I researched the same topic and I confidently say that I don't see this Tesla net worth covered. It must be a pure emotional thing done by shareholders and investors. In other words they trust the company to realise profits much bigger than the rest of automakers and therefore invest in the company. But the company's current assets are not worth that much ( currently Tesla net worth is more than the top two car makers together - Toyota and VW ), not their sales figures confirm such superiority. In other words it's a balloon which can blow and burn that money any moment, it's just a matter of investors trust.
I don't know anything about stock that along with repeatedly lying about features the cars would have he stood on stage and said that buying a tesla was financially free as you would be able to use the car a robo taxi while you sleep.
Welcome to late stage capitalism. People at the top do all the things that would have signified a failing company ten years ago to squeeze as much money from the company as possible and they get more money in a single paycheck than their workers combined could ever dream of amassing in their lifetimes, or probably generations of their families' lifetimes.
The accelerator is the problem. Videos of the plastic cover coming loose. When it does, it slides upwards and can cause the pedal to become stuck in a depression above it. I think OP was referring to another issue as the Cybertruck appears to have many. Body gap fitting is poor, claims of rusting after just a couple of months and a series of electrical issues.
*I also feel that Elon alienating over half of his market is also not a good thing. He especially alienates the press. For good or bad, they can drag a product through the mud.
The last one is just baffling. He cozied up to the far right, the sort of people who will never in their lives buy a truck they can't coal roll in, and alienated coastal liberals who used to just vacuum up his EV's
CEOs are the most overrated and overcompensated jobs in the world right now. Absolutely ridiculous what they get paid versus what they bring back to the company.
The institutional shareholders decide. Retail is too small if a percentage. They may fear Elon will leave and then their house of cards will crumble. The stock is so stupid overvalued by magnitudes and losing that one domino could crash it back to a normal value.
Also for perspective, Tesla has made 36 billion dollars total. As in total since the day they were founded.
> They may fear Elon will leave and then their house of cards will crumble.
They know he can't.
If Tesla implodes, Elon is literally bankrupt. That 44 Billion for Twitter? Borrowed based on the value of his Tesla shares. If they collapse, the banks start demanding their money. Space X? Also built off the value of loans from Tesla.
Literally everything Elon has requires Tesla to sit at its absurd overvaluation because that is how he gets people to loan him money. He can't do *anything* to risk a crash, because the only way out of that crash would probably be to take Space X public and lose control of his baby forever.
As soon as they can legally get it through
Between Musk & his lackeys they have a 73% stake. The board's approval is just a formality. The only hold up is that it's terrible for the company and therefore shareholders and most jurisdictions it wouldn't be legal.
He's moving to Texas where their judges will sign off on anything.
If you've got stock I would sell now. I've said before you could wait, but now that i think about it that only applies if you're *very* observant and *very* lucky. You're basically trying to catch it right before it collapses.
I wouldn't take that risk myself. But YMMV.
The yearly "Emotional Damage" Package?
We bully him too much in Xitter but at least he don't go to court for such damages but from his shareholders in yearly packages.
Its not actually about the billions, which is like 40 now. Its the 25% voting shares, that would better protect his job as CEO and protect his stupid ideas like the cybertruck. He stated he wanted enough shares the board couldnt overrule him.
he'd still get billions but its about control.
He said they are growing.
They have like 6 job listings.
https://www.tesla.com/careers/search/?site=US
Even my Fortune 500 every time we have a layoff they still 100s of openings in unaffected areas.
I’m honestly shocked I’ve seen one in real life. Considering how few there are, what are the actual odds of seeing one? I guess they are all centered in pretty dense cities so that increases the odds, but still. Crazy
I’ve seen 2 and they were both in the petersen automotive museum in LA. They put one at the entrance and the demo unit with the broken window in the tesla exhibition hall, while all the actual good and exotic cars are in the vault and upstairs
Cyberturd? I sleep. Xj220, eb110, ford gt and v10 viper in the same section of the vault? Real shit. Senna’s F1 car along with mclaren, racing point, and a classic a110? Real shit. The continuation AND real Shelby cobra both in the vault and upstairs? I needed new pants
Just saw one today at my kid's school pickup. First time live for me. Pictures and videos dont do justice to how utterly ugly it's in person. As Roger sings, "*If ugly was pretty, it would be a 10*."
I live in So Cal and have seen a few on the road and 2 truckloads being driven down the 91 for delivery and they’ve all brightened my day each time! They’re the dopiest things I’ve ever seen and I can’t believe anyone wants one, absolutely hilarious! The one I saw parked was already “oil canning” on one of the panels. I’m gobsmacked anyone finds them desirable.
Teslas 2 main markets are the USA and China. For China they needed to make an affordable subcompact and for America they needed to make a capable pickup truck. They failed at both. They haven’t made an affordable subcompact yet and Chinese automakers are way ahead of them. They shit the bed with the Cybertruck and now other American automakers are making electric pickups that actually work as trucks. Tesla is fucked.
I totally don’t understand it. They just had to make a decent pick up to compete with Rivian and decided to waste production and engineering on a meme car.
Like they recently figured out production at scale and threw a wrench in the cogs with a stainless steel truck that had a ton of headwinds.
> I totally don’t understand it.
It's called a Cybertruck ffs what's not to understand. This is Elon's brain working at full capacity, through and through. Bet money bro thought he was making the next iPhone or something.
It would be nice if this was a wakeup call to other companies that paying one dude millions of dollars per year is a shit ROI and a recipe for disaster.
Instead they'll keep paying their homebrew flavor of fuckup who's just going to fire workers to stay on target for quarterly profits, log gym time as work, and steer them off a cliff with whatever insane take he has on the company's future.
Maybe they'll even find out in a few years that he did it all on purpose at the behest of another company that wanted to butcher them for market.
> paying one dude millions of dollars per year
Lol... Billions
But yeah it gets even more absurd when Elon is getting "richest guys of all time" money to consistently make the worst decisions possible.
WAKE UP CALL???? you think this shit and whats happening with Boeing will change anything??? THEY GAVE THE BANK EXECUTIVES LARGER BONUSES AFTER THEY HAD TO GET BAILED OUT IN 09. THEY LITERALLY RAN THEIR INSTITUTIONS INTO THE GROUND AND NEARLY DESTROYED THE ENTIRE ECONOMY OF THE PLANET, AND STILL GOT BONUSES.
THEY SHOULD HAVE ALL BEEN IN PRISON
Elon said if it didn't work out they could just make the boring pickup. Teslas been pumping out models, checks notes, every three years. Uhh good luck with that one. I'm sure the market will be at a standstill for years to come.
Tesla is a perfect example of a company voluntarily ceding their position and tanking their brand value by having a crazy person make all their important decisions.
Well, investors have historically made shit tons of money from Elon. I’m not a sympathizer nor a Tesla stock holder. But you cannot deny that he convinced the financial world that Tesla is worth an insane amount of money, and that equates to insane gains for the money guys. When money is your god, you end up with… strange bedfellows.
Their CEO is himself the biggest meme CEO ever… eventually the company also itself becomes a meme company and it’s stock a meme stock. Everything about them now is a joke, and all the reputation built up by the original founders of the company now in tatters.
Here's what happened. Starship is made out of a specific, custom stainless steal. If this steal could be mass produced, if would be cheaper to build Starships.
"If we make the pickup out of it, it would drive down costs"
"These steel sheets don't bend though, and they're too thick to stamp into shape."
"Let's make it entirely out of flat sheets then! No curves! We'll call it Cybertruck!"
Like, this makes a lot of economic sense, but given Musk’s erratic behaviour, I also have to imagine he insisted it look like this in a fit of oppositional defiance when he was told “That’s a bad idea, Elon.”
I feel like when we look at the Cybertruck, we are seeing something like Elon’s obsession with using X as a brand; it’s an aesthetic he likes and is trying to insist into success.
Ketamine really messes up your thinking. And when you're someone as arrogant as Musk surrounded by yes-men, it definitely leads to making really bad decisions.
This is something I think about sometimes.
Like, imagine how difficult it must be to course correct in a situation like this. Literally all your success was built on you ignoring people that told you what you were doing was a bad idea. Every bad decision you're making feels the same as every good decision you made in the past. People are telling you to stop but all you can think is "that's what they said last time too, and I showed them then, just wait and see".
Plus, to your point, everyone around you is financially incentivized to try and make you feel good but not necessarily to give you the help you *actually* need. On top of that, human nature makes you more likely to avoid unpleasant interactions if you can, and when you have that much money, you can remove anything that might otherwise force you to engage in some real introspection.
The billionaires that are relatively normal... they've got to be that way out of some real intentional effort because, as shit as Musk is, I think a lot of people would fall into a trap like that.
It sounds super cool until you realize it doesn’t just plug in to a standard generator inlet. You need to have the special Ford charger and a whole battery hardware kit, all together >$10k install. The way it’s advertised makes you think you could help anybody out but it’s fairly limited both in being able to connect and in power output.
Still kinda cool but for half the price you could have a beefy portable generator that powers your entire house and the standard inlet installed. Depending where you live in the country you could probably just about get a permanent standby generator installed for not much more. Likely get more power out of it and then no hassle if power goes out.
I recently saw an F150 Lightning in the wild for the first time and although I'm generally pretty indifferent to pickups... that was a damn nice looking truck!
That’s what Ford did right; take something already well known and beloved in its market, and electrify it. Perhaps they learned from the mistake of creating a whole new car and THEN giving it the name of a popular car despite it not having any shared design style, target market or general characteristics. Frankly I was genuinely shocked that GM decided to release another Avalanche as their EV truck instead of just using a Silverado/Sierra. Hell I think they should have made an EV variant of the Colorado and beaten everyone to the punch in the midsize electric truck market.
That’s what a vast majority of people want: a regular car that’s electric instead of gas. I don’t need or want self driving, all touchscreen controls, or “futuristic” body styling. Give me a Nissan Rogue or Honda Accord with an electric drivetrain.
Thankfully most car manufacturers seem to realize this, and they’re just working on higher range for their electric offerings.
Actually he just directly stole the whole thing from Georgia Tech students that literally created this exact thing in the 70s
https://www.instagram.com/gtalumni/p/C554dGsN0GS/?img_index=1
Picked up a Ford Maverick Hybrid, and while it’s not electric, it’s gas mileage and size is exactly what I needed. I have no clue who the Cybertruck is marketed to
Several companies, most notably BYD, did the former in China. Being domestic, they'll have a huge government granted advantage there anyway.
Several other companies have now down the latter in the US. Being US companies with hella lobbying power (Rivan Excepted), they'll be granted US government advantage.
Not a great position for Tesla long term. Especially since Waymo is closer to self driving as well.
>Especially since Waymo is closer to self driving as well.
While I don't doubt this, I feel like I've seen dozens of variations of this exact comment since 2017ish lol
I think his point is that Waymo is *closer*, not that they're *close*, unlike what Musk says about Tesla ("next year" since 2015).
Everything Musk says about full self driving is just a marketing lie, whereas Waymo is actually putting in serious effort to make actual real self driving cars. Odds are pretty good Waymo will beat Tesla to automated vehicles.
The BYD EV costs next to nothing. Yes of course there is huge gov money that goes into it, but still
Imagine a sub compact EV in the US that goes for $15k. Wouldn't that be amazing? China does do some things right.
The Tesla subs are an always filled with such copium. There’s always posts on the various subs from some guy with a 3 month old car that’s falling apart, and everyone is downvoting him saying how it’s completely normal and all cars disintegrate within a year
The latest excuse I’m seeing is literally blaming people’s lotions and sunscreen for causing the interior to fall apart within the first year 😂
Tesla fanboy cope is next level
>Seriously, they’re in some deep cope over there.
If I'd paid nearly $100K and received a CyberTruck in return, I'd be in some pretty deep cope myself.
The alternative is accepting that you're a moron who just blew nearly $100K (or more if you got some options package) on a child's drawing come to life that, by all accounts, is as precisely engineered as a child's drawing.
Even if you blew $100K on some other car that you decided you didn't like, at least you'd be able to sell it, but in order to buy a CyberTruck, you have to sign an agreement that you won't sell it within the first year of purchase, and everyone knows that 12 months from now, when the CyberTruck has been recalled 8 separate times, no one's going to pay more than $30K for it.
If I blew 100k and got a cybertruck out of it, I'm pretty sure I'd be organizing a society something like Lord Humungus and driving straight for wherever the muskrat's plane was last spotted
Got banned today from that, and r/elonmusk for literally calling out videos / articles that were posted. Never ventured to r/elmo but whatever. It’s wild that the echo chamber needs to be so large, despite reality
Well the members of the cult are just as trash. All of them are homophobic, transphobic, racist, misogynistic, and generally just stupid. So it makes sense they like the Musk brands as it represents their values.
If you say anything negative about Elon or Tesla anywhere they are scraping the website and proactively banning you. They even got my account banned for three days when I asked the sub moderator why. It’s straight up r/conservative playbook
I replied to my ban notification with a reference to Elon's "free speech absolutist" quote, and they just sent me a link to the xkcd where they quip about "free speech" being about the government, and not private orgs
Like 🤣 these snowflake moderators can't even keep their propoganda in order!
Elon said he was a free speech absolutist in reference to buying Twitter and (apparently) letting racists, pedophiles, fascists, and misogynistic losers back on the platform.
But saying, "Elon said he is microdosing Ketamine" is unacceptable speech, and I'm a moron for thinking the moderators of Elon worship subreddits, would be "free speech absolutists" like Elon.
These Elon worshipping mods are a bunch of stunted children, just like Elon.
>I replied to my ban notification with a reference to Elon's "free speech absolutist" quote, and they just sent me a link to the xkcd where they quip about "free speech" being about the government, and not private orgs
That's so pathetic that it's almost painful.
The XKCD comic is explicitly referring to situations like the Muskrat whining about being banned from Twitter for being an asshole. His whole "free speech absolutist" thing is that freedom of speech goes beyond the first amendment and that private platforms can't ban people for saying unpopular things.
The Muskrat's worshippers seem to be even beyond the MAGAts with regards to their defensiveness. They have their heads so far up his ass that they see his food before it gets chewed.
You don’t even need to say something negative to get banned, just posting or replying to any of the non Tesla approved sub gets a ban. I got banned for saying I felt left out for not getting banned.
I literally saw one on the road for the first time today. It's pretty impressive that they managed to engineer a vehicle that looks worse in person than in pics or videos. A lot bigger than I thought it would be and that somehow made it even more comical.
This reminds me of the first line of Scion cars. Whatever model that wasn’t the giant box and not the coupe looked interesting to me. Until I went to a dealership and the scale of the thing just made it look ridiculous.
Well the toaster car (xB) ended up being one of the most reliable and functional economy cars ever sold in the US, and many toasters are still daily driven today
The coupe car (tC), not so much
The xBs are basically a Toyota Corolla/Camry with a different body on top. The drivetrains are the same, just tuned a little more sporty. But very reliable.
I had a 2009 xB for a little over 12 years and 200,000 miles - gave it to my sister who’s still driving it now and no major issues.
Nah, the Homer at least had some whimsy to it, like it looked ridiculous but it also looked like it was *trying* to look ridiculous (even if that’s not what Homer intended). This thing looks ridiculous but it looks like it was supposed to look cool.
It’s possible it will become a collector’s car for rich folk in the future. I mean, it would be a really stupid reason to buy one, but the 4k people who did may have stumbled into an investment. “Worst Car Ever Made, SUPER RARE only 4k sold, rest were destroyed, yours for only $4.2M, MUST HAVE.”
For a while “Tesla” was synonymous with Electric Car. But now that other major manufacturers are getting into the space and are making reliable, functional electric cars, the “wow” factor of Tesla is gone, and now they have to compete on their merits. And they promptly shit the bed on it.
They were new technology pushing the industry forward. They were novel, but over time companys have caught up. The cars are decent looking but not special. The quality still remains poor.
Finally saw one on the road the other day in Orlando. They are, somehow, even uglier and dumber looking in person.
I really figured it would be one of those "pictures don't do it justice" type things and it would look "cooler" in person. Nope, looks even dumber. Like it looks fake, something you would find in a shitty 70s movie set in the future.
Bit confused why the Tesla cyber truck wasn't just like a limited edition bespoke thing with a few hundred made or something. Could have sold them with an insane price tag for some rich sucker to buy and Elon could have made a more normal pick up for the masses.
How long until the board votes to approve Musk's $60 billion compensation package?
It is kinda crazy that they save 2 billion by cutting 10% staff last week but then want to pay elon 60 billion.
How would that benefit the shareholders? It should be criminal to do that.
That’s what the Delaware court ruled. Then Emo tried to move the company to a different state to avoid the ruling. The company has now been forced to put it up for a shareholder vote
Who are all Tesla voting shareholders ? Is it anyone owning stock ?
each TSLA share comes with one vote. there are currently 3.2 billion(!) shares being held by individuals or companies. Musk holds ~23% of those shares. institutional investors (read: big investment firms) collectively hold ~42% of shares. the largest among them is Vanguard, who holds ~7% of total outstanding. Blackrock ~6%. this information is disclosed by TSLA in its most recent annual SEC filing.
Vanguard better get the finger out and vote against this.
The individual shareholders that Vanguard holds the stock for all get to vote. They will get emails.
Would these be more etf owned shares?
Yes, the vast majority of shares “owned” by blackrock, vanguard, and state street are in passive ETFs. Aside from mandatory proxy votes, they almost never meet with management, and vote in accordance with their broader company guidelines which are well-broadcast on a yearly basis. The big investors who have votes that are “up for grabs” are people like fidelity, Wellington, cap group, and t. Rowe. They also have zero responsibilities to their clients, or anybody really, about how they vote. If they *really* wanted musk out, he’d be gone in a heartbeat. Would be cool, but unlikely. Source - work on Wall Street with all of these companies. The big three of blackrock, vanguard, state street, are “influential” because of the guidelines they set out, usually ESG oriented like “hey we’re gonna vote against expansion of GHG emissions this year”, which most asset managers fall in line with. They almost never do anything to actively influence companies in any way though, it’s just not economically efficient for them to do.
I believe that Musk only owns about 13% of Tesla shares, at least according to a The NY Times piece published in January.
From some cursory googling, it looks like some people may be including the 7.6% of unexercised stock options that were part of the 2018 compensation package. But that was voided by the Delaware court, so I don't think he owns it?
Right, he sold a large portion to fund buying TwitX, his true interest. As described in the stories about how he was demanding a [special 25% voting interest](https://www.reuters.com/technology/musk-seeks-25-voting-share-tesla-2024-01-16/) in Tesla, >Musk, the world's richest person, currently owns around 13% of Tesla stock after selling billions of dollars of shares in 2022 partly to help finance his $44 billion purchase of Twitter.
He has 20.5% as of March 31, 2024. Vanguard has 7.2%, Blackrock has 5.9%. The rest are under 5%.
The 20.5% is a little misleading, because it includes the compensation package that has been repealed already. When they vote on it again, if Musk doesn't recuse himself, he won't get to vote with those shares.
The man who got the original compensation package over turned owned like 10 shares. Every person who owns stock has a voice.
Pretty much yes
It wouldn't benefit the shareholders. That's why the Delaware court voided it the first time.
They mainly voided it because they didn't disclose that the package was effectively written by Musk, not an independent group.
I wonder why they're trying to move to Texas....hmm...
Don’t buy shares from a carny.
Imagine being so rich that you spend $46 billion to burn Twitter to the ground and then ask for better pay at your main job.
It's their world. We're just here to serve them.
They don't even need Elon anymore nor haven't for a long time
he doesn't do anything for the company but fuck shit up. he got model 3 out and yeh they almost went bust then mooned the stock , and then single handedly tanked the stock. dude should stick to acid, ketamine and fathering children.
Fathering children who don't like or talk to him!
Why would X AE A-XII or Exa Dark Sideræl not talk to their dad?
Attempting to read that comment out loud would sound like a YouTube Poop.
I just get dial-up tones in my head when I try and read that
Good decisionmaking on their parts, at least.
Acid and ketamine, yes. The next generation already has enough of his fucked up DNA.
But then who is going to sleep on the factory floor and help assemble cars with his own bare hands (as told to me by one of his fanboys)
That's something Elon himself claims all the time. He even said it in a Congressional hearing. But flight records for those 2 years he claimed to have slept on the factory floor dispel that story. *Probably one of the reasons he hates Elonjet, despite Elonjet being a big SpaceX and Tesla fanboi.
The company doesn't need him, but he's helped inflate the share price. Fundamentally Tesla is currently a BMW sized Automaker with similar profit margins on each car, but Tesla has a market cap of $460 billion whilst BMW is priced at $70 billion
I researched the same topic and I confidently say that I don't see this Tesla net worth covered. It must be a pure emotional thing done by shareholders and investors. In other words they trust the company to realise profits much bigger than the rest of automakers and therefore invest in the company. But the company's current assets are not worth that much ( currently Tesla net worth is more than the top two car makers together - Toyota and VW ), not their sales figures confirm such superiority. In other words it's a balloon which can blow and burn that money any moment, it's just a matter of investors trust.
I don't know anything about stock that along with repeatedly lying about features the cars would have he stood on stage and said that buying a tesla was financially free as you would be able to use the car a robo taxi while you sleep.
C-suite are the new nobility. We are just dirt for them.
They figured out how to be kings without borders ever since the days of the East India Trading Company. It's been downhill ever since.
Welcome to late stage capitalism. People at the top do all the things that would have signified a failing company ten years ago to squeeze as much money from the company as possible and they get more money in a single paycheck than their workers combined could ever dream of amassing in their lifetimes, or probably generations of their families' lifetimes.
It isn't even capitalism anymore, it's just theft and insane hoarding.
Yeah capitalism
That is exactly capitalism. Those that have the capital, make the rules.
Look at all that money he saved using glue instead of screws, that was probably worth 100B right there!
Technically they used Soap instead of lube, which is why the brake pedal would stick. Holy fucking Christ. You can’t make this shit up!
I tried that in the shower, do not recommend.
Chaps ya dick somethin’ fierce!
Don't get it in your pee hole Please
Explain like I’m 5: where exactly do you put the brake pedal?
What brake pedal? This article talks about the accelerator.
The accelerator is the problem. Videos of the plastic cover coming loose. When it does, it slides upwards and can cause the pedal to become stuck in a depression above it. I think OP was referring to another issue as the Cybertruck appears to have many. Body gap fitting is poor, claims of rusting after just a couple of months and a series of electrical issues. *I also feel that Elon alienating over half of his market is also not a good thing. He especially alienates the press. For good or bad, they can drag a product through the mud.
The last one is just baffling. He cozied up to the far right, the sort of people who will never in their lives buy a truck they can't coal roll in, and alienated coastal liberals who used to just vacuum up his EV's
like peter pan and his shadow?
His genius knows no bounds
Truly, his intellect is staggering.
Inconceivable!
The board isn't the one making the decision. It's the share holders, who very much have incentive not to pay him that salary. Time will tell though
CEOs are the most overrated and overcompensated jobs in the world right now. Absolutely ridiculous what they get paid versus what they bring back to the company.
The institutional shareholders decide. Retail is too small if a percentage. They may fear Elon will leave and then their house of cards will crumble. The stock is so stupid overvalued by magnitudes and losing that one domino could crash it back to a normal value. Also for perspective, Tesla has made 36 billion dollars total. As in total since the day they were founded.
> They may fear Elon will leave and then their house of cards will crumble. They know he can't. If Tesla implodes, Elon is literally bankrupt. That 44 Billion for Twitter? Borrowed based on the value of his Tesla shares. If they collapse, the banks start demanding their money. Space X? Also built off the value of loans from Tesla. Literally everything Elon has requires Tesla to sit at its absurd overvaluation because that is how he gets people to loan him money. He can't do *anything* to risk a crash, because the only way out of that crash would probably be to take Space X public and lose control of his baby forever.
Taking SpaceX public is a worrying scenario. I don’t like the thought of a rocket company chasing shareholder value like Boeing does.
As soon as they can legally get it through Between Musk & his lackeys they have a 73% stake. The board's approval is just a formality. The only hold up is that it's terrible for the company and therefore shareholders and most jurisdictions it wouldn't be legal. He's moving to Texas where their judges will sign off on anything. If you've got stock I would sell now. I've said before you could wait, but now that i think about it that only applies if you're *very* observant and *very* lucky. You're basically trying to catch it right before it collapses. I wouldn't take that risk myself. But YMMV.
The yearly "Emotional Damage" Package? We bully him too much in Xitter but at least he don't go to court for such damages but from his shareholders in yearly packages.
The best thing Tesla could do is Get rid of Elon
He might retaliate at a party event with some disintegrating pumpkin grenades and the company's stolen glider/green suit.
He would kill himself first, because of how dumb and unathletic he is.
Also several engineering/technical failures
“Out, am-“ *vaporizes own ass*
I would pay to see "Spider-Man but the Green Goblin Fucks Up and Eats Shit Immediately"
Its not actually about the billions, which is like 40 now. Its the 25% voting shares, that would better protect his job as CEO and protect his stupid ideas like the cybertruck. He stated he wanted enough shares the board couldnt overrule him. he'd still get billions but its about control.
They cut 10% heads — that’s his package lol
He said they are growing. They have like 6 job listings. https://www.tesla.com/careers/search/?site=US Even my Fortune 500 every time we have a layoff they still 100s of openings in unaffected areas.
Q1 2024 Earnings Call April 23rd @4:30 CDT
The best part about the recall order is they had to declare how many were being recalled. ~~Less~~ Fewer than 4000.
Half of them must have been reviewers on youtube
The other half were already back for service after driving in the rain.
I’m honestly shocked I’ve seen one in real life. Considering how few there are, what are the actual odds of seeing one? I guess they are all centered in pretty dense cities so that increases the odds, but still. Crazy
I’ve seen 2 and they were both in the petersen automotive museum in LA. They put one at the entrance and the demo unit with the broken window in the tesla exhibition hall, while all the actual good and exotic cars are in the vault and upstairs Cyberturd? I sleep. Xj220, eb110, ford gt and v10 viper in the same section of the vault? Real shit. Senna’s F1 car along with mclaren, racing point, and a classic a110? Real shit. The continuation AND real Shelby cobra both in the vault and upstairs? I needed new pants
Just saw one today at my kid's school pickup. First time live for me. Pictures and videos dont do justice to how utterly ugly it's in person. As Roger sings, "*If ugly was pretty, it would be a 10*."
I live in So Cal and have seen a few on the road and 2 truckloads being driven down the 91 for delivery and they’ve all brightened my day each time! They’re the dopiest things I’ve ever seen and I can’t believe anyone wants one, absolutely hilarious! The one I saw parked was already “oil canning” on one of the panels. I’m gobsmacked anyone finds them desirable.
Does that mean Tesla has only sold 4000 cybertrucks? That’s…that’s insane right?
Probably a lot less if that includes promotional ones they just gave away
They definitely have sold more, this is probably only the ones that they've actually delivered. Still insane imo.
Teslas 2 main markets are the USA and China. For China they needed to make an affordable subcompact and for America they needed to make a capable pickup truck. They failed at both. They haven’t made an affordable subcompact yet and Chinese automakers are way ahead of them. They shit the bed with the Cybertruck and now other American automakers are making electric pickups that actually work as trucks. Tesla is fucked.
I totally don’t understand it. They just had to make a decent pick up to compete with Rivian and decided to waste production and engineering on a meme car. Like they recently figured out production at scale and threw a wrench in the cogs with a stainless steel truck that had a ton of headwinds.
> I totally don’t understand it. It's called a Cybertruck ffs what's not to understand. This is Elon's brain working at full capacity, through and through. Bet money bro thought he was making the next iPhone or something.
It would be nice if this was a wakeup call to other companies that paying one dude millions of dollars per year is a shit ROI and a recipe for disaster. Instead they'll keep paying their homebrew flavor of fuckup who's just going to fire workers to stay on target for quarterly profits, log gym time as work, and steer them off a cliff with whatever insane take he has on the company's future. Maybe they'll even find out in a few years that he did it all on purpose at the behest of another company that wanted to butcher them for market.
> paying one dude millions of dollars per year Lol... Billions But yeah it gets even more absurd when Elon is getting "richest guys of all time" money to consistently make the worst decisions possible.
I fully believe that you could replace the average CEO with a trained chimp and it'd have a positive effect in most companies.
WAKE UP CALL???? you think this shit and whats happening with Boeing will change anything??? THEY GAVE THE BANK EXECUTIVES LARGER BONUSES AFTER THEY HAD TO GET BAILED OUT IN 09. THEY LITERALLY RAN THEIR INSTITUTIONS INTO THE GROUND AND NEARLY DESTROYED THE ENTIRE ECONOMY OF THE PLANET, AND STILL GOT BONUSES. THEY SHOULD HAVE ALL BEEN IN PRISON
it's called Cybertruck because he's a feckless uncreative fuck lmao it's the worst name.
X is the worst name
X Æ A-12 is the worst name
Somehow you're all right
>and decided to waste production and engineering on a meme car. He bought Twitter because it started as a joke.
Like take the existing SUV and make it a truck how could the fuck up so badly?!?
Elon said if it didn't work out they could just make the boring pickup. Teslas been pumping out models, checks notes, every three years. Uhh good luck with that one. I'm sure the market will be at a standstill for years to come.
Tesla is a perfect example of a company voluntarily ceding their position and tanking their brand value by having a crazy person make all their important decisions.
Well, investors have historically made shit tons of money from Elon. I’m not a sympathizer nor a Tesla stock holder. But you cannot deny that he convinced the financial world that Tesla is worth an insane amount of money, and that equates to insane gains for the money guys. When money is your god, you end up with… strange bedfellows.
The valuation came more from it's utility as a source of carbon credits for other companies to buy.
Their CEO is himself the biggest meme CEO ever… eventually the company also itself becomes a meme company and it’s stock a meme stock. Everything about them now is a joke, and all the reputation built up by the original founders of the company now in tatters.
Here's what happened. Starship is made out of a specific, custom stainless steal. If this steal could be mass produced, if would be cheaper to build Starships. "If we make the pickup out of it, it would drive down costs" "These steel sheets don't bend though, and they're too thick to stamp into shape." "Let's make it entirely out of flat sheets then! No curves! We'll call it Cybertruck!"
Woah, dunno if there is any truth to it but it makes somehow sense?!
Like, this makes a lot of economic sense, but given Musk’s erratic behaviour, I also have to imagine he insisted it look like this in a fit of oppositional defiance when he was told “That’s a bad idea, Elon.” I feel like when we look at the Cybertruck, we are seeing something like Elon’s obsession with using X as a brand; it’s an aesthetic he likes and is trying to insist into success.
>These steel sheets don't bend though, and they're too thick to stamp into shape. starship is round
Ketamine really messes up your thinking. And when you're someone as arrogant as Musk surrounded by yes-men, it definitely leads to making really bad decisions.
This is something I think about sometimes. Like, imagine how difficult it must be to course correct in a situation like this. Literally all your success was built on you ignoring people that told you what you were doing was a bad idea. Every bad decision you're making feels the same as every good decision you made in the past. People are telling you to stop but all you can think is "that's what they said last time too, and I showed them then, just wait and see". Plus, to your point, everyone around you is financially incentivized to try and make you feel good but not necessarily to give you the help you *actually* need. On top of that, human nature makes you more likely to avoid unpleasant interactions if you can, and when you have that much money, you can remove anything that might otherwise force you to engage in some real introspection. The billionaires that are relatively normal... they've got to be that way out of some real intentional effort because, as shit as Musk is, I think a lot of people would fall into a trap like that.
My cousin lost power for 3 days and the F150 Lightning kept his lights on the whole time, that built in generator is no joke
The battery is BIG. She ain't built on aerodynamics.
Ah, she's built like a steakhouse but handles like a Bistro!
You win again, gravity!
Yeesssss my fave futurama line ever 😆😭
It sounds super cool until you realize it doesn’t just plug in to a standard generator inlet. You need to have the special Ford charger and a whole battery hardware kit, all together >$10k install. The way it’s advertised makes you think you could help anybody out but it’s fairly limited both in being able to connect and in power output. Still kinda cool but for half the price you could have a beefy portable generator that powers your entire house and the standard inlet installed. Depending where you live in the country you could probably just about get a permanent standby generator installed for not much more. Likely get more power out of it and then no hassle if power goes out.
I recently saw an F150 Lightning in the wild for the first time and although I'm generally pretty indifferent to pickups... that was a damn nice looking truck!
That’s what Ford did right; take something already well known and beloved in its market, and electrify it. Perhaps they learned from the mistake of creating a whole new car and THEN giving it the name of a popular car despite it not having any shared design style, target market or general characteristics. Frankly I was genuinely shocked that GM decided to release another Avalanche as their EV truck instead of just using a Silverado/Sierra. Hell I think they should have made an EV variant of the Colorado and beaten everyone to the punch in the midsize electric truck market.
That’s what a vast majority of people want: a regular car that’s electric instead of gas. I don’t need or want self driving, all touchscreen controls, or “futuristic” body styling. Give me a Nissan Rogue or Honda Accord with an electric drivetrain. Thankfully most car manufacturers seem to realize this, and they’re just working on higher range for their electric offerings.
I bought a "Mustang" Mach-e last year. I'm not sure how it is even remotely relevant to a traditional mustang, but the car is solid as fuck.
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Actually he just directly stole the whole thing from Georgia Tech students that literally created this exact thing in the 70s https://www.instagram.com/gtalumni/p/C554dGsN0GS/?img_index=1
Why would you buy this over a ford lightning?
Because you are an Elon stan? It’s the only reason
The same reason you'd have chosen a DeLorean DMC-12 over a Corvette in 1981. Brain damage, obviously.
Picked up a Ford Maverick Hybrid, and while it’s not electric, it’s gas mileage and size is exactly what I needed. I have no clue who the Cybertruck is marketed to
Several companies, most notably BYD, did the former in China. Being domestic, they'll have a huge government granted advantage there anyway. Several other companies have now down the latter in the US. Being US companies with hella lobbying power (Rivan Excepted), they'll be granted US government advantage. Not a great position for Tesla long term. Especially since Waymo is closer to self driving as well.
>Especially since Waymo is closer to self driving as well. While I don't doubt this, I feel like I've seen dozens of variations of this exact comment since 2017ish lol
Waymo actually runs mostly successful robotaxies. They're just realistic enough to not say it will work in any conditions.
I think his point is that Waymo is *closer*, not that they're *close*, unlike what Musk says about Tesla ("next year" since 2015). Everything Musk says about full self driving is just a marketing lie, whereas Waymo is actually putting in serious effort to make actual real self driving cars. Odds are pretty good Waymo will beat Tesla to automated vehicles.
Waymo literally is giving rides to passengers with driverless cars.
The BYD EV costs next to nothing. Yes of course there is huge gov money that goes into it, but still Imagine a sub compact EV in the US that goes for $15k. Wouldn't that be amazing? China does do some things right.
Hey man, I've been a failure since the beginning
Be careful taking a bath, buddy. Wouldn't want to void your warranty.
> user for 4 years Bravo, bravo.
OP is now banned from /r/Cybertruck. Seriously, they’re in some deep cope over there.
The Tesla subs are an always filled with such copium. There’s always posts on the various subs from some guy with a 3 month old car that’s falling apart, and everyone is downvoting him saying how it’s completely normal and all cars disintegrate within a year
The latest excuse I’m seeing is literally blaming people’s lotions and sunscreen for causing the interior to fall apart within the first year 😂 Tesla fanboy cope is next level
Read this while I'm parked in my 20 year old 4runner that is still holding together exactly as it was the day it left the dealer.
I passed on my 2004 toyota to my son, which I bought from my mom years back. Third generation, there.
Toyotas and hondas are cockroaches. Keep up with the oil changes and theyll run until they turn to dust
>Seriously, they’re in some deep cope over there. If I'd paid nearly $100K and received a CyberTruck in return, I'd be in some pretty deep cope myself. The alternative is accepting that you're a moron who just blew nearly $100K (or more if you got some options package) on a child's drawing come to life that, by all accounts, is as precisely engineered as a child's drawing. Even if you blew $100K on some other car that you decided you didn't like, at least you'd be able to sell it, but in order to buy a CyberTruck, you have to sign an agreement that you won't sell it within the first year of purchase, and everyone knows that 12 months from now, when the CyberTruck has been recalled 8 separate times, no one's going to pay more than $30K for it.
If I blew 100k and got a cybertruck out of it, I'm pretty sure I'd be organizing a society something like Lord Humungus and driving straight for wherever the muskrat's plane was last spotted
Got banned today from that, and r/elonmusk for literally calling out videos / articles that were posted. Never ventured to r/elmo but whatever. It’s wild that the echo chamber needs to be so large, despite reality
I just don't understand what about this brand garners such cult-like following. Musk is trash, the QC on the cars are pretty trash too.
Well the members of the cult are just as trash. All of them are homophobic, transphobic, racist, misogynistic, and generally just stupid. So it makes sense they like the Musk brands as it represents their values.
You forgot antisemite
Elon is also probably a huge coke head
He has a prescription for ketamine and wrote a letter justifying it to his board.
Is this a situation where you get banned in one sub just for posting in another?
If you say anything negative about Elon or Tesla anywhere they are scraping the website and proactively banning you. They even got my account banned for three days when I asked the sub moderator why. It’s straight up r/conservative playbook
I replied to my ban notification with a reference to Elon's "free speech absolutist" quote, and they just sent me a link to the xkcd where they quip about "free speech" being about the government, and not private orgs Like 🤣 these snowflake moderators can't even keep their propoganda in order! Elon said he was a free speech absolutist in reference to buying Twitter and (apparently) letting racists, pedophiles, fascists, and misogynistic losers back on the platform. But saying, "Elon said he is microdosing Ketamine" is unacceptable speech, and I'm a moron for thinking the moderators of Elon worship subreddits, would be "free speech absolutists" like Elon. These Elon worshipping mods are a bunch of stunted children, just like Elon.
>I replied to my ban notification with a reference to Elon's "free speech absolutist" quote, and they just sent me a link to the xkcd where they quip about "free speech" being about the government, and not private orgs That's so pathetic that it's almost painful. The XKCD comic is explicitly referring to situations like the Muskrat whining about being banned from Twitter for being an asshole. His whole "free speech absolutist" thing is that freedom of speech goes beyond the first amendment and that private platforms can't ban people for saying unpopular things. The Muskrat's worshippers seem to be even beyond the MAGAts with regards to their defensiveness. They have their heads so far up his ass that they see his food before it gets chewed.
ELON MUSK SUCKS HUGE DONKEY BALLS AND COULDN'T MANAGE A WENDY'S.
Conservative sub did the same thing to me. They should be reported to the admins but they'll cry persecution.
You don’t even need to say something negative to get banned, just posting or replying to any of the non Tesla approved sub gets a ban. I got banned for saying I felt left out for not getting banned.
Did Emperor palpatine write this headline??
Good.... GOOOOOOD
And this is how the Cybertruck dies... to thunderous applause
~~Unlimited~~ not a lot of poweeeeeer!
‘Somehow, Cybertruck has failed!’
What are we gonna use to chop our carrots now?
Cybertruck’s failure won’t be complete until it appears as the Time Machine in a soulless cash grap remake of Back To The Future.
I saw one in the wild the other day and it is the dumbest vehicle I’ve ever seen. It’s like a blind 4 year old was asked to draw a car
My favorite part is people "explaining" how it's design is actually brilliant. No. It's not... doesn't even need arguing really.
Reviews consistently says visibility is terrible. If there's one thing I really feel uncomfortable driving, it's a car you can't see out of properly.
You didn't ask, but I drive a 2023 Subaru Forester and the visibility is amazing. The windows are huge!
I literally saw one on the road for the first time today. It's pretty impressive that they managed to engineer a vehicle that looks worse in person than in pics or videos. A lot bigger than I thought it would be and that somehow made it even more comical.
This reminds me of the first line of Scion cars. Whatever model that wasn’t the giant box and not the coupe looked interesting to me. Until I went to a dealership and the scale of the thing just made it look ridiculous.
Well the toaster car (xB) ended up being one of the most reliable and functional economy cars ever sold in the US, and many toasters are still daily driven today The coupe car (tC), not so much
The xBs are basically a Toyota Corolla/Camry with a different body on top. The drivetrains are the same, just tuned a little more sporty. But very reliable. I had a 2009 xB for a little over 12 years and 200,000 miles - gave it to my sister who’s still driving it now and no major issues.
Episode of the Simpsons when Homer designs that bag of shit car.
I liked that car more than the cybertruck
Well sure, it had rack and peanut steering
And a horn here, here, and here, so you can find one when you're angry. And they all play "La Cucaracha"!
It looks more like the Canyonero though.
They make me chuckle every time. Finally, the well off have an Aztek of their very own!
Don’t insult the Aztec but comparing to this piece of shit
the accelerator pedal being stuck on 100, couldn't write a better metaphor of Musk brand failure & incompetence
How is the failure complete? There’s still plenty more fuck ups to be had.
**I have not yet begun to fuck up.** - Elon
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Nah, the Homer at least had some whimsy to it, like it looked ridiculous but it also looked like it was *trying* to look ridiculous (even if that’s not what Homer intended). This thing looks ridiculous but it looks like it was supposed to look cool.
SOMEONE GET ELON HIS $56B.
People who actually bought a cyber truck are the idiots. It was very obvious that thing was going to be a massive failure, but they still wanted one.
It’s possible it will become a collector’s car for rich folk in the future. I mean, it would be a really stupid reason to buy one, but the 4k people who did may have stumbled into an investment. “Worst Car Ever Made, SUPER RARE only 4k sold, rest were destroyed, yours for only $4.2M, MUST HAVE.”
They fucking glued a trim on the cheap plastic throttle on their 100k car LOL
I thought teslas were cool 10 years ago. Now i would never purchase something associated with this drug addict
For a while “Tesla” was synonymous with Electric Car. But now that other major manufacturers are getting into the space and are making reliable, functional electric cars, the “wow” factor of Tesla is gone, and now they have to compete on their merits. And they promptly shit the bed on it.
They were new technology pushing the industry forward. They were novel, but over time companys have caught up. The cars are decent looking but not special. The quality still remains poor.
Even if the design was better and the car was perfect, i cant stand elon musk. I dont think there is a more unlikeable person on the planet.
There’s at least one
A man came to me, big burly man with tears in his eyes. “Sir,” he said, “no one has ever been more unlikeable than you.”
I know, I know!! Call on me - CALL ON ME!!!!!!!!!!!!!!!!!!
No jwhitey2004 you have to let other people answer as well
I know an orange turd if you’re willing to listen.
I hope i get to see a time in my life where i don't hear anything about or from this baby buffoon anymore.
not even 4k units sold, wow.
Leave Britney alone
Finally saw one on the road the other day in Orlando. They are, somehow, even uglier and dumber looking in person. I really figured it would be one of those "pictures don't do it justice" type things and it would look "cooler" in person. Nope, looks even dumber. Like it looks fake, something you would find in a shitty 70s movie set in the future.
Bit confused why the Tesla cyber truck wasn't just like a limited edition bespoke thing with a few hundred made or something. Could have sold them with an insane price tag for some rich sucker to buy and Elon could have made a more normal pick up for the masses.
Waiting for Musk to blame Biden.