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The 'I don't like Tesla' Thread

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    NTSB preliminary report is out:

    https://www.ntsb.gov/investigations/...eliminary.aspx


    TL;DR: Tesla's press release (as many suspected) severely downplayed Autopilot's involvement and the driver's interaction level. AP was following car ahead, car ahead changed lanes, AP accelerated straight into the barrier. Even after the Tesla employee de-energized the damaged battery, it still randomly self-ignited twice in the week following the crash.
    Last edited by BerserkerCatSplat; June 11th, 2018, 5:58 PM.

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      Interesting analysis, especially all the new EV stuff coming out in the next couple of years. Of course the best part is how fanboyish he is despite the fact that he literally lays out all the reasons why Tesla is actually fucked.
      Last edited by prizrak; June 11th, 2018, 6:29 PM.
      ScarFace88 - "So you're a dildo?"

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        Another day and more bad news from Tesla
        https://www.carthrottle.com/post/9-o...utm_medium=rss
        With Tesla burning through cash at astonishing rate, it has to do something to avoid running dry before the year is up. And do something it will: several weeks after reporting a colossal $710 million loss in the first quarter of 2018, it’s been announced that the Californian electric car maker will slash nine per cent of its workforce.
        ScarFace88 - "So you're a dildo?"

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          Insurance companies not so fond of Tesla.


          Tesla's affordable Model 3 is expensive to insure
          http://www.autonews.com/article/2018...IL01/180829804
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            Probably because they have basically 0 replacement parts since they are still struggling to fill even a fraction of the pre-orders.
            ScarFace88 - "So you're a dildo?"

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              Headlines about Elon taking a drag on a joint and the stock going down 8%, but the interview was wide ranging and some may find it interesting

              Joe Rogan Experience #1169 - Elon Musk
              Last edited by jack_christie; September 8th, 2018, 12:12 AM.
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                Interesting? Elon sounded like he was hardley listening or didn’t know how to explain things. He seemed to have this weird “the world is fucked and my ideas are what will save the world. In fact they already are!” It was so weird to hear his outrageous things and the silence from Joe from disbelief.
                1993 Ford F-150 Flareside - July 2010 - August 2013
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                  CNBC is reporting that Elon Musk has been charged with securities fraud by the SEC; Tesla also expecting to be sued for same complaint: https://www.cnbc.com/2018/09/27/tesl...ed-by-sec.html

                  SEC charges Tesla CEO Elon Musk with fraud

                  • Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.
                  • In August, Musk tweeted that he was considering taking Tesla private, adding "funding secured."






                  Tesla tumbles after SEC announces fraud charges 2 Mins Ago | 02:35


                  Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.
                  Shares of the automaker fell roughly 10 percent in extended trading Thursday.
                  The SEC complaint alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. The SEC plans to hold a press conference at 5 pm E.T.




                  Video and more at link, SEC press conference shortly.

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                    What an idiot!

                    Former SEC chair says Musk could be removed as CEO in civil case, go to jail if criminally charged
                    https://www.cnbc.com/2018/09/27/ex-s...ail-time-.html

                    Tesla shares drop more than 11% after SEC charges CEO Elon Musk with fraud
                    https://www.cnbc.com/2018/09/27/tesl...ith-fraud.html

                    There are also the cases being brought by the diver he defamed and insulted.
                    https://www.washingtonpost.com/techn...-child-rapist/
                    Last edited by jack_christie; September 27th, 2018, 10:33 PM.
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                      Wait until as part of discovery for this suit the *real* financials of Tesla come to light, not just the cooked totally non-GAAP books and filings they’ve been presenting. I have long suspected that their sudden attempt to take the company private was to evade such a day of reckoning as there was no longer an Administration protecting them and private companies do not have to face SEC questioning like this.

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                        Dumbest part of the whole thing is he was offered a deal. Step down as chairman for two years, but can still be CEO, doesn't have to admit liability, accept a fine and add two independent directors. But that was rejected.

                        Because there are now charges and an investigation, it will be hard to raise money for Tesla, SpaceX etc ......
                        https://www.cnbc.com/2018/09/28/tesl...st-minute.html

                        SEC says Musk chose $420 price for Tesla shares because it's a pot reference
                        https://www.cnbc.com/2018/09/28/sec-...reference.html
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                          Musk got lucky. His tweet only cost him $20m.

                          Musk, SEC settlement is on almost identical terms to deal he recently rejected. It will require him to neither admit nor deny guilt. It will require he step down for 3 years as Chairman (1st deal was 2). And pay $20m fine.
                          https://twitter.com/davidfaber
                          Last edited by jack_christie; September 29th, 2018, 10:20 PM.
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                            Most expensive tweet?

                            Tesla, Musk settle gov’t suit for $40M; Musk to stay CEO
                            https://apnews.com/128cc400e4244566a2f12971e257abb9/Tesla-CEO-Elon-Musk,-company-settle-fraud-suit-for-$40M
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                              Tesla likely to be bankrupt by 2019 http://www.thedrive.com/tech/24261/e...nkrupt-in-2019
                              Juciest detail:
                              The facts: Tesla is carrying $10.1 billion in debt, and Musk has to return to the capital markets by the first half of 2019 to refinance at least a portion of that. This has created excruciating pressure on the company to start turning a profit to help entice prospective financiers.

                              Around $230 million of that debt—in the form of a convertible bond—is due in November. That's days away. And that payment wouldn't ease the pressure. In fact, it underlines the importance of Tesla's stated goal of turning a profit in this, the 15th year of Tesla's existence. The company had a net-debt position of $9.2 billion at the end of the second quarter of 2018, rising from $8 billion at the end of the first quarter and $4.8 billion at the close of second-quarter 2017, according to investment firm Goldman Sachs. It also a $960 million bullet payment due in March.
                              ScarFace88 - "So you're a dildo?"

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