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The idea of shareholders sidelining Musk is crazy. Shareholders paid him tens of billions to stay after he wanted to step down as CEO after Model 3 push. http

• bitwize 4y ago
  The fact remains that Musk is the techbro Kanye West, and shareholders should sideline him.
  • jethro_tell 4y ago
    They won't because it's a meme stock. There's no way they should be the largest us auto maker. People are or have bought Tesla stock because they like Elon. There's not that much value in the company.
    • riffraff 4y ago
      anyone who's not already reading Matt Levine should look up the "Elon Markets Hypothesis", which states that markets in a meme period value things depending on their closeness to Musk. It's been proven over and over! (not really)
      • jethro_tell 4y ago
        Do love some Matt Levine
    • _ea1k 4y ago
      TBH, that's just as much a testament to how pessimistic investors are about other US automakers as it is to how positive they are on Tesla/Musk. F and GM are massively undervalued unless you have really big doubts about their future.
      • NoGravitas 4y ago
        I don't know about Ford, but GM is pretty well positioned to eat the US electric car market by producing more affordable electric cars (like Hyundai and Kia are doing, but mostly not yet in the US market). They could well fail to do so, but if they do, it would be an own goal.
        • _ea1k 4y ago
          I think that's true for both Ford and GM to varying degrees. They have solid cash flow and existing factories that could be retooled, as well as the critical supplier relationships that are needed. But so far the results haven't been spectactular. Their goals for 2025 look like Tesla's goals for next year. That could change, though. Ford in particular has been making a lot of solid moves recently, and unlike GM there seems to be more movement than talk.
          • jethro_tell 4y ago
            To be fair, tesla's goals is kinda a moving target. How's that auto driving and the truck coming along?
      • babypuncher 4y ago
        Which doesn't make sense to me. Just comparing the F-150 Lightning to the Cybertruck it seems pretty clear that Tesla has no idea what they are doing.
        • _ea1k 4y ago
          Because Ford is shipping somewhere between 50k and 100k of the Mach-E, while Tesla is doing closer to 500k? They have their faults, but they are a long way from "no idea what they are doing".
          • babypuncher 4y ago
            The model Y has the significant advantage of being a modified version of a car that had already been in production for years. "No idea what they're doing" is probably a bit harsh on my part, but I stand by my opinion that Ford seems to be in a better position moving forward. The F-150 Lightning is a compelling product that went from announcement to consumer driveways in the span of a year. The Cybertruck still has no ship date in sight, and feels like it was designed to appeal to people buying Brodozer's rather than people needing something to do truck stuff. And from what we've seen so far, Ford does not seem to be suffering from the same chronic quality control issues as Tesla.
  • Isinlor 4y ago
    Find me another person that has his expertise in business, finances, marketing, mass manufacturing and aerospace industry. Find me another car executive that would have been bold enough to do something like Tesla Giga Castings before Elon decided to go for it. There are 4 entities to date that delivered people to Earth orbit: - Russia - USA - China - SpaceX There is only one entity that made rocket reuability profitable: SpaceX There is no person alive with better track record on delivering things that were believed by experts to be impossible.
    • deleted 4y ago
      [deleted]
    • gamblor956 4y ago
      Gwynne Shotwell is the reason SpaceX is successful today, and generally, every time SpaceX has an unexpected failure rather than a success, it's because Musk showed up to the facilities and started making silly demands.
      • Isinlor 4y ago
        Did I miss the part where Gwynne Shotwell was CEO and CTO at SpaceX? Or the part where she put all her money into the company? Shotwell is absolutely awesome, but she did not came up with the initial capital or the idea of rocket reusability and Mars settlement. She did not convince Tom Muller to join SpaceX etc. etc. The fact that Elon noticed Shotwell and gave her COO position is an example of excellent leadership skills from Musk. For contrast, Jeff Bezos and Blue Origin is an excellent example of bad leadership. Boeing is also an excellent example of bad leadership.