The fact that these pieces of shit are selling very well is embarrassing for the USA.
Elon Musk | Doer of things on X and sad little man
- Thread starter Pogue Mahone
- Start date
The fact that these pieces of shit are selling very well is embarrassing for the USA.
Tim Cook seriously needs to tell this guy to feck off. The last time Musk ranted about Apple he later came to Apple Campus to patch up things. Now he should be told to do one.
It's for things like this that I just can't delete Twitter.
Ain't this the thousand time they've been accused of false advertising?
He's made it so all likes are now private because he's a little child that wants to like shitty things with anybody knowing.
"Wow bro, he's such a genius. X was basically free for him now", says the neckbeard community.
Wow, just think how much tax the poor guy will pay on that
Musk gets a massive bonus for being a failure at keeping Tesla up.
Boeing CEO gets a massive golden-parachute for being a failure at his job.
So, when are we gonna stop pretending that capitalism is a meritocracy?
If i suck at my job, i would just get fired, not get a farewell-bonus of of several years of wages.
One rule for those at the top, another for us "peasants".
Boeing CEO gets a massive golden-parachute for being a failure at his job.
So, when are we gonna stop pretending that capitalism is a meritocracy?
If i suck at my job, i would just get fired, not get a farewell-bonus of of several years of wages.
One rule for those at the top, another for us "peasants".
I don't think anyone still cares about pretending.
Nauseating and obscene.
Well, a lot of mainstream media sure wants us to pretend still.
What are you on about? Tesla's valuation is worth more than several high-profile carmakers combined.
Sure. It's down 30% YTD, though.
Which in itself is very strange. But putting that aside, the shareholder just approved a compensation package for Musk that exceeds the combined net profits of the firm in its entire history. There is some cult of personality shit going on here.
Musk's compensation is not for this year but based on Tesla's valuation since 2018, it has been multiplied by nine in the meantime.
I get more of a TINA vibe from non-US media. They kinda now capitalism sucks but want to convince us that's the best we can do.
Which is based on a nonsensical belief that Musk is a genius whose share prices will always soar....simply because he's Musk. In reality, much of the Tesla story of being a leading EV maker has already exhausted itself now that most other manurfacturers have largely caught up with them. The only area where Tesla still excels is in its supercharger network, but that will soon change as well.
Tesla is still among the top 3 manufacturers of electric cars in Europe and the US. Moreover there is a strong client affiliation with Tesla products which is only rivalled by the likes of Apple.
Yep. They probably would lose way more than those 45 billion if Musk leaves.
Tesla is still among the top 3 manufacturers of electric cars in Europe and the US. Moreover there is a strong client affiliation with Tesla products which is only rivalled by the likes of Apple.
Here's Q1
https://insideevs.com/news/719284/world-top-automotive-groups-sales-2024q1/
Plug-in car registrations in Q1 2024 (vs. previous year):
- BYD Group: 624,398 and 19.4% share (vs. 21.3%)
- Tesla: 386,825 and 12% share (vs. 16.5%)
- Geely-Volvo: 251,106 and 7.8% share (vs. 6.1%)
- Volkswagen Group: 205,652 and 6.4% share (vs. 7.4%)
- SAIC (incl. SAIC-GM-Wuling): 190,409 and 5.9% share (vs. 5.5%)
Market share is still rock solid.
What's more that Musk compensation is a stock-option package, not a payout. At the time it was approved Tesla was almost bankrupt.
My mum's Fiesta can carry more than that.
never heard it called that before.
Tesla is still among the top 3 manufacturers of electric cars in Europe and the US. Moreover there is a strong client affiliation with Tesla products which is only rivalled by the likes of Apple.
not sure where you got this data, but half of these aren’t even actual cars.
It's like a party and we're all coming.
Tesla is still among the top 3 manufacturers of electric cars in Europe and the US. Moreover there is a strong client affiliation with Tesla products which is only rivalled by the likes of Apple.
If you extrapolate where Tesla was a decade ago, to five years ago, to today, to where it will be in five and ten years once the industry are fully caught up - you will see a clear downward trend of Tesla's EV marketshare. Simply put, the Tesla story has already been written when it was the only prominent EV maker. Now that this is no longer the case, there's no reason to invest in Tesla anymore. In fact, the bloated share price is better suited for shorting as Bill Gates has famously done.
That’s a very strange definition of “rock solid”. They’ve experienced a 27% drop (16.5% to 12%) in market share. The next highest drop in share is BYD, who’ve dropped 4% (21.3% to 19.4%) All the other manufacturers have improved their market share (presumably mainly at Tesla’s expense)
EDIT: Actually VW have dropped 13%
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This may be true but the stock-option package Musk is compensated with pertains to Tesla's valuation surge in 2018-24, tied to very high goals which he superseded.
I am going to play devils advocate. If you start working as a CEO in a company that owes a house valued in 1 million with 0 debt. They say if you achieve certain goals, we will give you 10 houses. And after 10 years the company has 1000 houses valued in 10 million and every year lost money that put them on debt of 10 million. After that they consider that you achieve the goals and it was all thanks to you (not saying that is all thanks to Musk) and they give you 10 houses. Do you think is a fair deal? or not, because they never had net profits?
Again, devils advocate. I think is obscene through and through. But valuation of a company is not only about the benefit but assets vs liabilities, and benefits and debts it is just a part of it. The reality is that Tesla stock had grown meteorically. Also sells perspectives and physical assets. Sure debt also. And during Musk tenure, the company shareholders had become very rich, thanks or not to him
Also I am sure that you knew that, but you are just lazy and look what you made me do
I don't know what the argument is here. If its that any human is justified to be walking around with $56b in their pockets, then I disagree. If the argument is that people in emerging companies often prefer stock options to higher salaries, then that is pretty normal.
I knew you were a comrade all along
Wow, difficult to describe how flimsy the truck is in person. Embarrassing.
Feels like it's hard finding people anymore who are beaming with their usual Tesla pride. Almost everyone I know has gotten rid of, is trying to get rid of it, or no longer brings it up in every conversation like they used to. Musk character, false promises and quality issues aside - the fact they dropped in cost/value so drastically really put a sour taste in many of their mouths I can tell. And it's hard to blame them - even if some of it was arguably predictable.
Most of all bizarre. Don't understand how so many shareholders can vote against their own interest like this.
I assume this cockwomble has missed that only US citizens can vote and not even Green Card holders (permanent residents). Much less illegal immigrants. Moron.
And he knows that, which is far worse.
And he knows that a lot of the idiots that worship him do not know that.