Interesting observations. It may also give pause to people contemplating the Chairman position or an independent director posting. The next Chairman is going to need to be someone with some huge cojones to stand up to Musk and draw some lines. Otherwise, this exercise will be a total failure for everyone involved including stakeholders.
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If the SEC is so confidence in their case why the hell they first choose to file it in NY instead of CA and second settled so fast on a really short notice?
Yeah I expect this will be used to drive down stock price. Petty I have no money left
EVNow
Well-Known Member
I was curious as to the cause of the dip after hours.
Fed Judge in San Francisco says Tesla needs to defend it's abuse of foreign workers.
Where do you see a dip - looks like it closed at 304, up from the normal hours close.
The treatment of the workers by the subcontractor was really bad. So, not surprised.
The most recent news says otherwise; Panasonic is trying to accelerate their line production because Tesla has been scaling so fast. The intent was to provide enough cells that Tesla can get back to producing Powerwalls and Powerpacks at normal volumes without scrounging cells from other suppliers, but at present, that's not happening, and it's not even clear that Panasonic's 3 new lines will enable that.
That is if you believe what they say. As their argument, it is so apparent to everyone except Elon that SEC has a compelling case, that Elon is a bonehead.
If that is the case, then why would the SEC lawyers agree to work out a deal on a Saturday within several hours notice?!
It is not easy to get bureaucrats to work over weekends.
EVNow
Well-Known Member
Well, this applies to any car premium car. But, operating cost will be low for EVs. More riders are likely to pick a Tesla over other cars - so likely more rides.
Given the base of cars, this is not very practical, though.
There is this wonderful thing called Google, and actually talking to Uber drivers as I do since I travel frequently and use them almost exclusively. Try it. You will be amazed at what you will learn.
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Cojones will not be enough, no matter how large. Any new chairman would also need board member votes supporting any opposition to Musk. All experience indicates that those votes will not be available. So yes, the whole thing does seem pointless.
EVNow
Well-Known Member
Probably true for lower level bureaucrats not under any kind of public pressure. Think of white house employees for eg., many of them work practically 24x7 for a couple of years and burn out.
EVNow
Well-Known Member
I know what you are thinking - Fox News and all.
Apparently James is quite different (which is to say, a usual psychopath, not an extraordinary one like his father).
Uber is in the process of modifying their app to allow riders to see available cars, in certain cities, and make a selection based on that option. However, I have seen no mention that it will include a specific make or model. On my last trip it was still not available. I have yet to ever get picked up in a Tesla even in Los Angeles.
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Fox and the rest of the Murdoch media empire is just the start of it. How's this for starters?
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"Meanwhile his son James, who remains deputy chief operating officer of News Corp and a non-executive director of BSkyB, was found guilty of an “astonishing” lack of curiosity and even “wilful ignorance” about the extent of phone hacking.
"This culture, we consider, permeated from the top throughout the organisation and speaks volumes about the lack of effective corporate governance at News Corporation and News International,” the report said."
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In September 2012 Murdoch was criticised by the British Office of Communications (Ofcom), which concluded that he "repeatedly fell short of the conduct to be expected of as a chief executive and chairman"
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The guy is toxic. If the SEC ultimately has the effect of making us replace Elon with this guy... I can't begin to describe how furious I would be with them. I'm sorry, but I've already watched one EV company that I loved effectively killed off by its own board, and I don't want to stand by and watch it happen to a second one.
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Mike Smith
Active Member
LOL. No. They need a chairman that will stand up to all the opposing forces and back Elon.
junk article, full of conjecture, with junk contributors
NYT irrelevant, sadly
..puppets
NikeWings
Active Member
Other than the independence and 45 day replacement requirements, has there been any specific conditions set by the SEC on the candidate profile or selection process? I.e. Would a slate of candidates have to be screened by the SEC or any other similar (and over reaching) restriction?
The SEC and the court are not going to approve anymore 'Yes" people. They have a BoD full of them now. That is what got Musk and Tesla into trouble in the first place.
Although the stock did not reflect it, today has been a great day. Amazing delivery numbers, and almost assuredly profits from Tesla now to beyond.
I'd like to share two documents. For context, two years ago we were in a similar precarious situation with Tesla. Those who were here back then remember well. People were wondering if Tesla would make it through difficult production of the Model X in Q3. We were under pressure with the Solarcity acquisition. Then, numbers came out amazing. These numbers look small tiny today, but they were gangbusters back then. That's what exponential growth does for you.
Tesla Q3 2016 Production and Deliveries | Tesla, Inc.
Two months after, the stock still hadn't moved that much. My dad asked me what the hell was going on with Tesla, given such an amazing quarter. Then, once it hit December, went on a TEAR. Today, we face a similar situation. Replace the Model X with Model 3. Replace SCTY with the SEC. Elon always cautions on analogies, but that's why now, we all shouldn't be scared of the daily stock price. When it goes up, it's a fun feeling dreaming about the good things we can do with the money should we so choose. When it goes down, it's a buying opportunity for a company that's got fundamentals on track and executing on all cylinders. When the fundamentals are on our side, we've got nothing to fear and more to gain on dips. PS.... one prediction. Stock will hit $800 by the middle of next year.
I'd like to share two documents. For context, two years ago we were in a similar precarious situation with Tesla. Those who were here back then remember well. People were wondering if Tesla would make it through difficult production of the Model X in Q3. We were under pressure with the Solarcity acquisition. Then, numbers came out amazing. These numbers look small tiny today, but they were gangbusters back then. That's what exponential growth does for you.
Tesla Q3 2016 Production and Deliveries | Tesla, Inc.
Two months after, the stock still hadn't moved that much. My dad asked me what the hell was going on with Tesla, given such an amazing quarter. Then, once it hit December, went on a TEAR. Today, we face a similar situation. Replace the Model X with Model 3. Replace SCTY with the SEC. Elon always cautions on analogies, but that's why now, we all shouldn't be scared of the daily stock price. When it goes up, it's a fun feeling dreaming about the good things we can do with the money should we so choose. When it goes down, it's a buying opportunity for a company that's got fundamentals on track and executing on all cylinders. When the fundamentals are on our side, we've got nothing to fear and more to gain on dips. PS.... one prediction. Stock will hit $800 by the middle of next year.
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I just ran some numbers using luv's projections for Q3/4, which look very solid (Q4 is conservative IMO).
I have been thinking Tesla was growing at double the rate of Amazon and Netflix (which have grown at roughly 25%/year). That is incredibly impressive. It puts Tesla in a class by itself.
But that was before Model 3.
Look at these numbers:
Annualized growth rate ($21.6B revenue -- luvb2b Q3/4 projections plus actual Q1/2):
2017-2018: 83% ($11.8B -->$21.6B)
2016-2018: 75% ($7B-->$21.6B)
2015-2018: 75% ($4B-->$21.6B)
Tesla is growing at TRIPLE the rate of Amazon and Netflix -- two fantastic companies that are often held up as a "poster child" of technology growth companies.
$4B to $21B in only three years.
Why aren't we hearing more about this?
FUD is blinding people to a truly mind-boggling growth story.
I have been thinking Tesla was growing at double the rate of Amazon and Netflix (which have grown at roughly 25%/year). That is incredibly impressive. It puts Tesla in a class by itself.
But that was before Model 3.
Look at these numbers:
Annualized growth rate ($21.6B revenue -- luvb2b Q3/4 projections plus actual Q1/2):
2017-2018: 83% ($11.8B -->$21.6B)
2016-2018: 75% ($7B-->$21.6B)
2015-2018: 75% ($4B-->$21.6B)
Tesla is growing at TRIPLE the rate of Amazon and Netflix -- two fantastic companies that are often held up as a "poster child" of technology growth companies.
$4B to $21B in only three years.
Why aren't we hearing more about this?
FUD is blinding people to a truly mind-boggling growth story.
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