TSLA corporate outlook

[EVDRIVER]

Musk announces he's also reversing the recent price cut of autopilot.

https://electrek.co/2019/03/12/tesla-au ... elon-musk/

Why? Because why not.

Tesla is long overdue for some adult supervision. Entrepreneurs are rarely the ideal people to run a company when it needs to transition to maturity. Keep Elon around for "The vision thing" - we know he's got that. But get someone to run the company who doesn't make major spur of the moment decisions driven primarily by what he dreamt last night or what he sees on the back of his box of cornflakes at breakfast. Sheesh - this is long past the point where "that's just Elon being Elon" is acceptable.

I've been saying this a long time.

[cwerdna]

Deja vu?

Tesla is asking employees to volunteer and help deliver 30,000 cars before the end of the quarter
https://www.businessinsider.com/tesla-a ... ter-2019-3

According to an internal email sent on Friday from senior vice president Sanjay Shah to department heads at the company, a copy of which was seen by Business Insider, Tesla again sought employee volunteers from across the company to pitch in and deliver cars before the quarter ends this month.

“We need your help to make more progress in volunteer sign ups,” Shah said in the email. “We have to deliver 30,000 more cars in next 15 days.”

[cwerdna]

Tesla is delaying a 3% price increase until Wednesday
https://www.businessinsider.com/tesla-d ... day-2019-3

[GRA]

SEC Response to Elon Musk's Response to Contempt Claim

https://www.scribd.com/document/4023189 ... =affiliate

TABLE OF CONTENTS ...................................................................................................................ii

TABLE OF AUTHORITIES .............................................................................................................iii

I. Musk Violated this Court’s Order by Failing to Seek Pre-Approval of a Tweet Containing Information Material to Tesla and its Shareholders. ...........................................3

• A. The Order Contains a Broad Pre-Approval Standard. .....................................4
  
  B. Tesla’s Production Forecasts Are Material to Tesla and its Shareholders.........................................................................................6
  
  C. Musk’s 7:15 Tweet Was Materially Different from Prior Public Disclosures. ..........................................................................................7

II. Musk Has Not Diligently Attempted to Comply with the Court’s Order. .............................9

III. The Court Has Authority to Enforce its Order and Compel Musk’s Compliance. ................11

• A. Musk Waived His Challenge to the Constitutionality of the Order by Consenting to its Entry. ...................................................................................11
  
  B. The Pre-Approval Requirement Does Not Implicate the First Amendment. ............................................................................................12
  
  C. Authority to Enforce its Order Is Vested with the Court, Not the SEC. ....................................................................................................13

CONCLUSION ..................................................................................................................................14

https://www.youtube.com/watch?v=I6eQ78HCGEA

Man, this is a stupid distraction.

[EatsShootsandLeafs]

The SEC thing is indicative of Musk's immaturity. He's going to get steamrolled over this and for what? For no good reason at all. He is like a belligerent child who won't be redirected. Last time the fine was $20M, so whether he is fined again or punished in some other manner it's going to be worst.

As for when the stock is going up, there are many reasons to think Q1 is going to be a catastrophe.

[jlv]

Since he used nearly the same language during the Model Y unveil, I wonder if the SEC will really have something to stand on. I suspect the initial twitter post happened just after putting together that part of the talk for the unveil.
https://youtu.be/poTxDqms_nQ?t=1541

I mean... it's a "holy sh*t" sort of thought: 7 years ago they made no cars, and this year they'll make nearly half a million (*). The obstacles against a company starting up from nothing to make cars (and EVs on top of that) are tremendous. It's sort of unbelievable that Tesla made it this long.


(*) annualized production rate

[cwerdna]

Tesla Increases Model Y Prices By $1,000, Plus 3% Increase On Inventory Cars
https://insideevs.com/tesla-increase-model-y-price/

[jlv]

Someone on reddit pointed out this was from 18 months ago:

In the next 18 months, GM will introduce two new all-electric vehicles based off learnings from the Chevrolet Bolt EV. They will be the first of at least 20 new all-electric vehicles that will launch by 2023.

https://media.gm.com/media/us/en/gm/new ... ctric.html

[LeftieBiker]

based off learnings

Jesus. That's from GM Corporate.

[LTLFTcomposite]

based off learnings

Jesus. That's from GM Corporate.

What's wrong with that?