Marcus Hutchins@Threads wrote: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.
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.
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.
Re: Elon Musk bought Twitter.
Posted: Wed Jan 31, 2024 10:17 am
by 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.
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 !
Re: Elon Musk bought Twitter.
Posted: Wed Jan 31, 2024 4:09 pm
by Sandstorm
fishfoodie wrote: Wed Jan 31, 2024 10:17 am
to look after the interests of ALL SHAREHOLDERS
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.
Re: Elon Musk bought Twitter.
Posted: Fri Apr 12, 2024 2:41 pm
by Insane_Homer
saDTurd.jpg (116.07 KiB) Viewed 2795 times
Re: Elon Musk bought Twitter.
Posted: Sun Apr 14, 2024 10:23 pm
by 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 !!!
Re: Elon Musk bought Twitter.
Posted: Mon Apr 15, 2024 3:34 am
by Kiwias
fishfoodie wrote: Sun Apr 14, 2024 10:23 pm
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.
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.
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.
Re: Elon Musk bought Twitter.
Posted: Fri May 03, 2024 1:12 pm
by 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!
Re: Elon Musk bought Twitter.
Posted: Mon May 20, 2024 11:31 am
by 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...
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.
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.
Re: Elon Musk bought Twitter.
Posted: Tue Jun 04, 2024 3:46 pm
by 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.”
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.
Re: Elon Musk bought Twitter.
Posted: Thu Jun 06, 2024 11:12 pm
by Rhubarb & Custard
fishfoodie wrote: Thu Jun 06, 2024 6:32 pm
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
Re: Elon Musk bought Twitter.
Posted: Tue Jul 23, 2024 10:05 pm
by 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 !
I don't think even his AI image of himself would pass a Federal drug test !
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 1:46 pm
by PornDog
So will it be the United States of X or X States of America?
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 2:00 pm
by Sandstorm
PornDog wrote: Thu Aug 22, 2024 1:46 pm
So will it be the United States of X or X States of America?
Divided X of America
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 2:11 pm
by Biffer
X X of X
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 9:19 pm
by 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.
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 9:32 pm
by fishfoodie
Hellraiser wrote: Thu Aug 22, 2024 9:19 pm
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 !!!!
Re: Elon Musk bought Twitter.
Posted: Thu Aug 22, 2024 9:37 pm
by 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.
