I wonder whether institutional investors own a large enough proportion of the shares to succeed in a shareholder revolt that ousts Musk. They certainly have no desire to see their investments shredded by his antics.
I find myself utterly confused, given how much progress they made with this. I wonder if he’s already struck a deal to somehow sell off the rights to continue developing and owning the network.
Perhaps. Or perhaps he doesn’t care.
It’s clear he wants to be considered some kind of cool tech genius wunderkind. And charging networks aren’t cool in his mind. He wants to be associated with breakthrough technologies, which a charging network will never be in his mind.
Musk is agile in the way chimpanzees are agile. They are really good at swinging through trees, they are omnivores, so can eat meat* as well as fruit and veg. Pretty agile.
It’s just that chimpanzees have a societal role. Each chimp has a useful function in their somewhat closed society.
Musk is - as far as I can tell - a pointless narcissistic front man for companies who would be better off without him.
At some point, the chimps need to drive out the pretender.
* yeah, I have read Jayne Goddal, so also other chimps, but let’s not go there
“Men like me don’t grow on trees. They swing from them!” - Jackie Mason, comedy great
Not Teslas. Ugly as Nurse Shoes.
I suspect there’s a rule 34 website for that, but I’m not going to look.
That already happened. He named his little friend Grok.
Cutting staff to make line go up is the financial equivalent of torching your restaurant for the insurance money. This is death spiral behavior.
Perhaps you are not properly considering Musk’s agility?
I think Musk actually suffers from a disagility.
Learn a new word every day, check!
It’s a pity that in these many rounds of firings, including firing his own personal assistant who had been his loyal aide for decades, Elmo has never fired himself, the single most beneficent gift he could give his companies and humanity.
Eh, he’s not quite that bad.
It would be great for him and for the stockholders if he settled for being a figurehead CEO or some sort of unfireable PR mascot guy glad-handing the dudebro rubes. It’s what happens much (unfortunately, not all) the time at SpaceX. While he may be CEO, the important decisions get made by people who know what they’re doing. And his foibles elsewhere looks like it has allowed them to get more done recently than usual. Unfortunately, he still feels the need to get involved even there.
But no, he thought he was actually competent at much more than the key (no, seriously, really important in our modern capitalism quasi-dystopia) qualities of (1) having lots of money to begin with and (2) knowing other people with lots of money.
If Elon fires himself from Tesla, who will be left to save Tesla from Elon?
Checkmate, libs.
Sigh. He’s irritating.
Fucking billionaire. Does he pay his child support, I wonder?
What we have here is a pair of men who literally think that “having children” means “getting women pregnant”, and nothing more. My God.
Not to mention that Elon should know that sometimes you have to buy them a horse.
I just saw a rerun of a L&O Criminal Intent episode with Jay Mohr as a brilliant fashion designer with substance abuse issues, who really isn’t all that brilliant, as he steals all “his” best ideas, and end up destroying his company by giving drug fuel tirades on live TV.
The character was somewhat based on Charlie Sheen’s “tiger blood” rants, but watching it now, my god what a prescient take on Elmo! In the episode, Mohr’s character ends up murdered, though.
Well, the day ain’t over yet.
Reports in the linked Electrek article that the layoff of the supercharging division is because the head of it (Rebecca Tinucci) was resisting making big cuts. I can see the conversation:
Musk: Fire 20% of your staff.
Tinucci: I can’t, we need those people, NACS adoption, expansion, government grants, etc…
Musk: Fine, you and you’re whole division are fired!
I am convinced this is also how he ended up owning Twitter:
Musk: Get rid of that plane tracking account.
Twitter: No, they’re not breaking any laws or terms of service…
Musk: Fine, I’ll buy the company and get rid of them myself!
The rumors are many of these layoffs have nothing to do with redundancies or inefficiencies, but are about Musk proving his control of Tesla.
If they want their stock to be worth much, they need to get him out. No question Musk is a horrible human being, but this is the first time I think his behavior is threatening the future of Tesla. They’ve lost much (or all) of their lead in EV technology, and if the rumors are true of the vehicle design and engineering department being next to go, then where does that leave Tesla? A car company that can’t design new vehicles? They’re already a charging infrastructure company that can’t deploy new chargers.
Getting Musk away from Tesla is the best thing that could happen to Tesla, and probably the best thing that could happen to the whole EV industry.