Elon Musk Falling Out of Love With Tesla, Bashes Stocks Current Valuation
May 18, 2017: The CEO of Tesla Elon Musk said in a Guardian interview, “I do believe Tesla’s market cap is higher than we have any right to deserve; we currently produce just 1% of GM’s output. Being a car manufacturer is the worst way to earn money, honestly…On a risk adjusted return basis, an auto company has to be the dumbest thing you could possibly start. We’re a money losing company. This is not some situation where, for example, we are just greedy capitalists who decided to skimp on safety in order to have more profits and dividends and that kind of thing. It’s just a question of how much money we lose.”
February 15, 2017: Elon Musk appears to be part of Democrat attempts to discredit and destroy President Trump’s Administration. Musk tweets, “The Muslim immigration ban is not right… Regarding govt policy, there are often things that happen that many people don’t agree with. This is normal for a functioning democracy. They rarely warrant a public statement. However, the ban on Muslim immigrants from certain countries rises to this level. It is not right.”
Elon Musk posted and then later deleted these Twitter comments.
In 2016 Tesla gave Democrats $60,410 dollars and Republicans only $3,820. To get Democrat congressional candidates elected, Tesla gave $24,227. For Republican candidates, Tesla gave $0. Tesla gave the Hillary Clinton campaign for President $24,558. Tesla gave the Donald Trump campaign for President $290.
February 6, 2017: Elon Musk signed Tesla and SpaceX to the legal brief filed by businesses opposed to President Trump’s executive order on immigration. Folks, that’s such a stupid move by Elon Musk that now I’m questioning how effective he is at making good decisions and running profitable businesses. You know that the Trump Administration is now going to have the EPA do away with a lot of the clean air and electric car mandates pushed by the EPA that Tesla has benefited from. Second, any business that signs this legal brief is putting other interests above protecting US citizens. As a business person, that’s suicide to put your name to a list that half of the country will find offensive and not buy your products. Again, STUPID move by Elon Musk.
January 17, 2017: According to reports in the mainstream press, Tesla is expanding investment in the Nevada gigafactory by $350 million, adding 550 new jobs, to make the Model 3 automobile.
January 3, 2017: Tesla reports Q4 net orders for Model S, Model X were up +52% year-over-year. For FY16, Tesla produced 83.9K vehicles which is up +64% year-over-year. Delays in production resulted in challenges impacting Q4 deliveries, including cars missing shipping cutoffs for Europe and Asia.
December 27, 2016: This is incredible. There isn’t a driver on the road anywhere in the world that doesn’t want this Tesla technology in their car. Tesla’s Autopilot radar technology reportedly shown providing a driver alert seconds before an accident occurred ahead of the car. The autopilot reportedly also started braking before the driver could react to apply the brakes.
Check out this incredible video. You won’t believe your eyes:
Original video, authorisation from the owner. Essential, no one could predict the accident but the radar did and acted by emergency braking. pic.twitter.com/70MySRiHGR
— Hans Noordsij (@HansNoordsij) December 27, 2016
What is crazy is that if you watch this several times, you can clearly hear the Forward Collision Warning alert before the lead vehicle even applied the brake, which shows that the Autopilot wasn’t only using the lead vehicle to plan the path, but also the vehicle in front of it – the black SUV. How could this be possible?
Tesla’s version 8.0 software update in September pushed out to Tesla owners a new radar processing technology that can see ahead of the car in front of you and track two cars ahead on the road. The radar can bounce underneath or around the vehicle in front of the Tesla Model S or X and see where the driver potentially can not because the leading vehicle is obstructing the view.
Tesla Motors Stock Chart
Tesla Motors, Inc. designs, develops, manufactures, and sells electric vehicles and stationary energy storage products in the United States, China, Norway, and internationally.
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