TSLA corporate outlook

[EVDRIVER]

https://finance.yahoo.com/video/nio-rai ... 53350.html

This is an indication of how important others see this market going forward. With backing from the Chinese government they'll be able to dump cars at a loss and put Tesla out of business, then they'll own the market... unless somebody with a set fights back and imposes tariffs to stop the dumping.

Yes someone can impose tariffs and then take them back and impose them again. All auto makers should be scared not just diversified ones like Tesla because everyone in the US wants a Chinese car. I expect this to crush Tesla by next year.

[GRA]

More personal to Musk than professional, but it is a result of some of Elon's more bizarre behavior lately which have caused worries about his leadership - via ABG:

Elon Musk is sued for calling Thai cave rescuer a pedophile

https://www.autoblog.com/2018/09/17/elo ... e-lawsuit/

[GRA]

Via IEVS:

DoJ Requests Information From Tesla Connected To “Funding Secured” Tweet

https://insideevs.com/tesla-justice-dep ... tion-musk/

[GRA]

Via IEVS:

Tesla Ups Supercharger Idling Fee, Adds In-Car Payment Option

https://insideevs.com/tesla-ups-superch ... dling-fee/

. . . The idling fee increased from $0.40/minute in the U.S. (since 2016) to $0.50/minute or $1.00/minute (if all of the stalls are occupied). . . .


Fees also for cars with Unlimited Free Supercharging

Cars with assigned Free Unlimited Supercharging for long-distance travel can use the stations free of charge, but to be fair to other customers, those cars are not allowed to park at Superchargers, so if they exceed the 5-minute period after the car is charged, an idle fee will be added.


$50 cap

The update envisions a $50.00 cap on Supercharging/Idle fees, which means that the feature of Supercharging will automatically be disabled if an outstanding balance exceeds $50.00.


In-car Payment

Another change is the addition of in-car payment in the Tesla Model S, Model X and Model 3 cars so the owner will be able to assign credit card information and pay the bill from the touchscreen.

Payments were previously available through the owner’s Tesla Account page (MyTesla page).

Good move. There's a list showing idle fees by country. Can't post it due to SQL errors (probably different currency signs).

[GRA]

Via GCR:

Tesla's head of global supply reportedly resigns in continuing exodus from automaker

https://www.greencarreports.com/news/11 ... -automaker

. . . The departure of Liam O'Connor, Tesla's VP of global supply management, was first reported by Bloomberg, which cited anonymous sources who weren't authorized to speak publicly about the departure.

A representative from Tesla didn't immediately comment on the report.

O'Connor was hired away from Apple in 2015, where he was a senior manager for global supply management, according to his online work profile.

O'Connor's departure from Tesla would be the fifth high-ranking departure for the automaker this summer and would follow Chief Accounting Officer Dave Morton's departure this month less than a month after taking the job, chief human resources officer Gabrielle Toledano's exit, and communications VP Sarah O'Brien's withdrawal. John McAnear, Tesla's VP of worldwide finance, announced he would leave in early October. . . .

[WetEV]

https://www.cnbc.com/2018/09/27/tesla-f ... y-sec.html

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 about 11 percent in extended trading Thursday. The stock is roughly 30 percent below its 52-week high of $387.46.

The SEC complaint alleges that Musk issued "false and misleading" statements and failed to properly notify regulators of material company events. The SEC held a press conference Thursday evening regarding the complaint.

Among other remedies, the SEC is seeking to bar Musk from serving as an officer or director of a publicly traded company if found guilty.

[mwalsh]

Musk has always been a massive D-Bag. I'm just glad the rest of the world is now starting to see the man for what he really is.

[iPlug]

Steve Jobs was known for the same, by most accounts quite worse. But that doesn't disallow a person the status genius nor disallow for an ultimately very successful and profitable company.

[tattoogunman]

Steve Jobs was known for the same, by most accounts quite worse. But that doesn't disallow a person the status genius nor disallow for an ultimately very successful and profitable company.

At least Steve Jobs designed/invented the technology that made him rich and famous (even if he had some help). Elon Musk did not start Tesla, he did not invent any of their tech, he was not responsible for the company's vision (originally), and as far as I know, he didn't even design any of the vehicles (correct me if I'm wrong). He came into Tesla after the fact with his PayPal money that he scammed off of people (research it yourself). He dumped it into Tesla and eventually made sure the original founders got the boot. This is why I do not understand everyone's fascination with Musk. I'm willing to give him a bit more credit with what he has done with Space X, but not Tesla and I think that's the company most people associate him with. At the end of the day, Tesla is simply a car company folks, nothing more and nothing less, and Elon just happens to be the current guy running the company. Car company executives are replaced all the time, it's part of the job.

[mwalsh]

I'm willing to give him a bit more credit with what he has done with Space X

Oh, not me. I know of him and his tactics personally in both arenas. All he did in founding SpaceX was poach extremely good talent from other small launch companies after failing to buy/push his way in to an existing one. His original goal, no doubt in my mind at all, was to mirror exactly what he did with Tesla. I'm glad my (now former) boss sent him packing, even though the smarter move in retrospect (and my opinion only) would have been to take the money and leave him to it.