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Put yourself in the shoes of Elon. The challenge of EVs are mostly behind us. It was hard to get the first EV off the ground and make them mainstream. He enjoy

Put yourself in the shoes of Elon. The challenge of EVs are mostly behind us. It was hard to get the first EV off the ground and make them mainstream. He enjoyed the challenge. But in 2024, Chinese EVs dominate. Making another Tesla model is not interesting to him and it won't really move the needle for Tesla nor would it stave off Chinese competition. So he's off to the next shiny thing which is AI and space.

techostritch 2y ago
But putting myself in Elon’s shoes he’s been talking non stop about how great Optimus and robotaxis are going to be, and that Tesla’s valuation is about to moon, why not just start a new pay package with new price targets if Tesla is on the presipice of printing money?
rurp 2y ago
He has every right to step down as CEO, but instead he has stayed on and used Tesla as his plaything and piggy bank. Don't forget that shortly before the Delaware court decision he was demanding an additional giant block of equity be handed to him for nothing, because reasons. He's clearly done being fully engaged with Tesla, the only question is how many dozens of billions he can extract for himself on the way out.
TheAlchemist 2y ago
The challenge of EVs may be behind, but the challenge of Tesla earnings living up to Tesla's valuation is very much in front of us. Mind you, Musk already sold and cashed out of Tesla more than the cumulative profits of the company since inception. Tesla started burning cash again last quarter (and rather quickly !) and all signs point to a much more severe cash burn for the next quarters. So if by challenge, we say - hyping robotoaxis, Optimus, EVs dominance (anybody remember how Tesla was projecting last year, a 50% growth up to 2030 ??), then yeah, it's job done. But now is the hard part - delivering on those promises.

2 ms·

Put yourself in the shoes of Elon. The challenge of EVs are mostly behind us. It was hard to get the first EV off the ground and make them mainstream. He enjoy

by aurareturn 2y ago

techostritch 2y ago
But putting myself in Elon’s shoes he’s been talking non stop about how great Optimus and robotaxis are going to be, and that Tesla’s valuation is about to moon, why not just start a new pay package with new price targets if Tesla is on the presipice of printing money?
rurp 2y ago
He has every right to step down as CEO, but instead he has stayed on and used Tesla as his plaything and piggy bank. Don't forget that shortly before the Delaware court decision he was demanding an additional giant block of equity be handed to him for nothing, because reasons. He's clearly done being fully engaged with Tesla, the only question is how many dozens of billions he can extract for himself on the way out.
TheAlchemist 2y ago
The challenge of EVs may be behind, but the challenge of Tesla earnings living up to Tesla's valuation is very much in front of us. Mind you, Musk already sold and cashed out of Tesla more than the cumulative profits of the company since inception. Tesla started burning cash again last quarter (and rather quickly !) and all signs point to a much more severe cash burn for the next quarters. So if by challenge, we say - hyping robotoaxis, Optimus, EVs dominance (anybody remember how Tesla was projecting last year, a 50% growth up to 2030 ??), then yeah, it's job done. But now is the hard part - delivering on those promises.