Elon Musk bought Twitter.

[Insane_Homer]

Drug use can’t impair your judgement if you were never capable of good judgement to begin with.
The problem with Elon Musk isn’t the drugs, it’s that he’s an idiot with zero self awareness.

[Guy Smiley]

More on the cars side of the business...

https://www.reuters.com/business/autos- ... 024-01-25/

Tesla (TSLA.O) tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.
Musk said on Wednesday that growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.
But he said ramping up production of the new model would be challenging because it would involve cutting-edge technologies.
Tesla's stock suffered its sharpest intraday percentage loss in more than a year, with $80 billion in market value wiped out on Thursday. That pushed its market capitalization loss for the month to about $210 billion.
"The Tesla headlines have essentially gone from bad to worse," said TD Cowen analysts, noting that the fourth-quarter revenue and profit were also below expectations.
Shares of other EV makers also fell, with Rivian Automotive Inc (RIVN.O), Lucid Group (LCID.O) and Fisker (FSR.N) down between 4.7% and 8.8%.
The EV industry has been grappling with a slowdown in demand for more than a year and the price cuts by Tesla will likely worsen the pressure on the startups and automakers such as Ford (F.N)

"The problem for Tesla is any significant attempt to boost sales from here on will probably need to be achieved at the cost of further falls in operating margin, due to having to compete with BYD in China, as well as increased competition elsewhere," said Michael Hewson, chief market analyst at CMC Markets.

https://www.reuters.com/business/autos- ... 024-01-25/

Tesla (TSLA.O) CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.
Musk's comments come after Warren Buffett-backed BYD (002594.SZ)- with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite the U.S. automaker's deep price cuts through 2023.
Chinese car companies were the "most competitive" and "will have significant success outside of China, depending on what kind of tariffs or trade barriers are established," Musk said on a post-earnings call with analysts on Wednesday.
"If there are no trade barriers established, they will pretty much demolish most other car companies in the world," he said. "They're extremely good."
Asked about Musk's comments, the Chinese foreign ministry said at a regular briefing on Thursday that it was unaware of the reports but advocated "maintaining a fair, just and open business environment".
Musk has reason to be concerned.
He sparked a price war last year to woo consumers hit with high borrowing costs, in turn squeezing Tesla's margins and worrying investors. On Wednesday, Musk warned Tesla was reaching "the natural limit of cost down" with its existing lineup.

[fishfoodie]

Oh dear, how sad ......

Elon Musk cannot keep Tesla pay package worth more than $55 billion, judge rules

DOVER, Del. (AP) — Elon Musk is not entitled to landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday.

The ruling by Chancellor Kathaleen St. Jude McCormick comes more than five years after a shareholder lawsuit targeted Tesla CEO Musk and directors of the company. They were accused of breaching their duties to the maker of electric vehicles and solar panels, resulting in a waste of corporate assets and unjust enrichment for Musk.

The shareholder’s lawyers argued that the compensation package should be voided because it was dictated by Musk and was the product of sham negotiations with directors who were not independent of him. They also said it was approved by shareholders who were given misleading and incomplete disclosures in a proxy statement.

https://apnews.com/article/elon-musk-te ... nt=rundown

One would hope that the rest of Tesla shareholders now evict the useless turds from the Board, & install people who understand they are there to look after the interests of ALL SHAREHOLDERS, & not just the vile incel narcissist they've made CEO !

[Sandstorm]

to look after the interests of ALL SHAREHOLDERS

Nah, fuck the shareholders too.

[fishfoodie]

to look after the interests of ALL SHAREHOLDERS

Nah, fuck the shareholders too.

You don't have a pension then ?

[Sandstorm]

to look after the interests of ALL SHAREHOLDERS

Nah, fuck the shareholders too.

You don't have a pension then ?

Of course I do. It's invested in UK Water Companies and Steam railways.

[Hal Jordan]

Nah, fuck the shareholders too.

You don't have a pension then ?

Of course I do. It's invested in UK Water Companies and Steam railways.

As well as Transatlantic Zeppelin, Amalgamated Spats, U.S. Hay, Confederated Slave Holdings and that up-and-coming Baltimore Opera Hat Company.

[Insane_Homer]

saDTurd.jpg (116.07 KiB) Viewed 2331 times

[fishfoodie]

Keep in mind that this is the dribbling moron, who until fairly recently, was purportedly running the "Tech" company, that was valued more than all the other car companies combined, speaking to the employees of his Space company ...... you know, the people who have the expertise to tell if they're being bullshitted !



The fact that this fraudster is in control of companies that represent a sizeable percentage of stock indexes, is terrifying !!!!

All this commentator is doing is using mathematics a 10 year old is capable of, & using Space Karens own official statements to show he's a lying fuck, & that every statement he makes is a criminal act, because there are shareholders, & he knows he's lying, & those are criminals acts !!!

[Kiwias]

Keep in mind that this is the dribbling moron, who until fairly recently, was purportedly running the "Tech" company, that was valued more than all the other car companies combined, speaking to the employees of his Space company ...... you know, the people who have the expertise to tell if they're being bullshitted !



The fact that this fraudster is in control of companies that represent a sizeable percentage of stock indexes, is terrifying !!!!

All this commentator is doing is using mathematics a 10 year old is capable of, & using Space Karens own official statements to show he's a lying fuck, & that every statement he makes is a criminal act, because there are shareholders, & he knows he's lying, & those are criminals acts !!!

I lasted 15 minutes but could not take any more of Musk.

[inactionman]

Tesla cutting 10% of jobs worldwide

https://www.bbc.co.uk/news/technology-68818113

God forbid Elon taking a haircut.

[fishfoodie]

Tesla cutting 10% of jobs worldwide

https://www.bbc.co.uk/news/technology-68818113

God forbid Elon taking a haircut.

at the minimum !

As usual workers in the US are first in the firing line, because they've no rights at all.

The bottom line is sales have plummeted, & Tesla is just building cars to stuff in inventory, with ~10% of the years projected sales already built & sitting in a car park somewhere. The projections were optimistic anyway, with price cuts last year, to make year end sales targets, taking sales away from H1 2024 anyway.

They spent the last few years focused on the fuck awful non-truck, truck, to the expense of everything else, including the low-cost model which was probably what they needed to stem the bleeding to the Chinese manufacturers. Now he's cutting production in the one plant that can build the CT, so there goes that idiotic idea !

Now Space Karen has lost the insane >$50 billion compensation package his cronies on the board signed off on, & the stock price is plummeting, & that's where all his wealth is.

If the shareholders rebel, they might just throw out the board, & then life will get very interesting indeed.

[fishfoodie]

Another genius move by Space Karen.

https://arstechnica.com/cars/2024/04/te ... w-vehicles

This comment sums it up.

I really am struggling to decide which is the stupidest move. Firing your entire product team when you have no new products and desperately need some, firing your supercharger team even as you hope to reap NEVI funding and turn it into a profit center from other OEMs, or firing your policy team, which would have to do all the NEVi funding stuff, as well as somehow making your robotaxis legal.

It's just ludicrous.

[Hal Jordan]

Not Gotten Over The Divorce Man is thinking of changing the Block function so that all it does is stop blocked users from interacting with the blockers posts rather than stopping them seeing them altogether.

Stalkers rejoice!

[tabascoboy]

And now that the Twitter domain is being forcibly redirected to shithouse "x.com", we now have to manually change URLs back to twitter.com to get them to embed on many sites...

[Biffer]

https://defector.com/have-you-seen-a-cybertruck-yet

[fishfoodie]

https://defector.com/have-you-seen-a-cybertruck-yet

Some guy on youtube said it looks like a urinal, & now I can't stop seeing that !

.... space Karen just needs to add a blue block as an optional air freshener & it'll be in it's rightful place in automotive history.

[Insane_Homer]

Screenshot_20240522-065145.png (493.34 KiB) Viewed 1515 times

Space Karen, claiming his AI wrote a joke about plagiarism turns out to be peak plagiarism.

[Kiwias]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

[Gumboot]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

Dang, that is some next level insider trading shit.

[Guy Smiley]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

uh oh

[Kiwias]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

uh oh

Fortune is not known for sensational journalism.

[Dinsdale Piranha]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

Dang, that is some next level insider trading shit.

My initial reaction was 'why does he need to do this? Insider trading is legal for directors using rule 10b5-1. A quick check shows that 18 months ago the SEC tightened up rule 10b5-1 so it's not as easy to abuse.

Musk didn't get the memo it seems.

[Biffer]

Whoops

Elon Musk accused of selling $7.5 billion of Tesla stock before releasing disappointing sales data that plunged the share price to two-year low

https://fortune.com/2024/06/03/elon-mus ... directors/

Dang, that is some next level insider trading shit.

My initial reaction was 'why does he need to do this? Insider trading is legal for directors using rule 10b5-1. A quick check shows that 18 months ago the SEC tightened up rule 10b5-1 so it's not as easy to abuse.

Musk didn't get the memo it seems.

And this is a civil action by a shareholder. If the SEC chooses to investigate it will lead to criminal charges.

[fishfoodie]

Space Karen wants $56 Billion from Tesla shareholders, but he thinks it okay to redirect GPUs from Tesla to Xitter !

Emails circulating at Nvidia show that Elon Musk asked them to prioritize processor shipments to X over Tesla.

Amid concerns that Elon Musk is not fulfilling his fiduciary duties to Tesla shareholders, a new report from CNBC reveals that the CEO told NVIDIA to prioritize processor deliveries to X over Tesla.

The publication released an Nvidia memo from December showed that Musk asked to divert a shipment of GPUs meant for Tesla to X:

Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by redirecting 12k of shipped H100 GPUs originally slated for Tesla to X instead. In exchange, original X orders of 12k H100 slated for Jan and June to be redirected to Tesla.

Shortly after this email, Musk said that Tesla would spend about $10 billion on computing power to train its AI this year.

The new report today also highlighted a more recent Nvidia email that claims that Musk’s statement “conflicts with bookings and FY 2025 forecasts.”

https://electrek.co/2024/06/04/elon-mus ... la-emails/

[fishfoodie]

While their boss is still one of the biggest douche-bags on the planet, kudos to the IFT-4 folks, there was a lot of progress with this flight !

... it's still a giant con on the part of their boss, but they're doing the best to deliver the impossible promises that cunt made to get billions in taxpayers money, & hey; the engineering knowledge is still incredibly useful, & having more people involved, & getting experience is great, but I just wish one particular individual who gets his plans from Science Fiction wasn't involved.

[Rhubarb & Custard]

I just wish one particular individual who gets his plans from Science Fiction wasn't involved.

I heard he got his ideas from smoking vast quantities of crack, but sure, we can go with this instead

[fishfoodie]

Ho.... Lee... Shit

Anyone who things Biden had a "bad" debate, & needed to immediately withdraw, should have a listen to Space Karen in the Tesla Q2 Earnings call; because someone should be authorizing a 72 hr mental health hold, because that boy has fucking lost whatever remained of his mind !

[Biffer]

Fucking thing doesn't even work in fortnite

[Biffer]

[Sandstorm]

[Slick]

[Kiwias]

Elon wants to do for the government what he did with Twitter




https://www.businessinsider.com/donald- ... net-2024-8

[fishfoodie]

Elon wants to do for the government what he did with Twitter




https://www.businessinsider.com/donald- ... net-2024-8

I don't think even his AI image of himself would pass a Federal drug test !

[PornDog]

So will it be the United States of X or X States of America?

[Sandstorm]

So will it be the United States of X or X States of America?

Divided X of America

[Biffer]

X X of X

[Hellraiser]

There is absolutely no prospect of Musk becoming involved in any US cabinet due to the Ethics in Government Act 1978 and Title 18 U.S.C. § 208: Acts affecting a personal financial interest.

[fishfoodie]

There is absolutely no prospect of Musk becoming involved in any US cabinet due to the Ethics in Government Act 1978 and Title 18 U.S.C. § 208: Acts affecting a personal financial interest.

You do realise how absurd it is to talk about "ethics", when discussing the potential Cabinet appointees of the orange traitor ?

There are already several of his previous appointees who've been gaoled, & numerous others who'd also be sitting in a cell, if he hadn't pardoned them !

He.Doesn't.Give.A.Fuck !!!!

[fishfoodie]

In happier news, the felon is apparently losing his shit over the fact that the DNC already has much better ratings than the shitshow that was the RNC; & the Nominee herself hasn't even given her speech !

And why wouldn't the DNC have more viewers ?

The VP is an asset, not a liability; the current ticket can actually get previous Presidents & VPs & Nominees to turn out in support, & the DNC can get Celebs you actually recognize to endorse them

It's no wonder the traitor has to resort to AI to pretend that anyone supports him.