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Sure, no doubt that the monetary worth is important. But it completely misses the larger context. This is a struggle about power. Musk wants shareholders to giv
by constantcrying 2y ago
Sure, no doubt that the monetary worth is important. But it completely misses the larger context. This is a struggle about power. Musk wants shareholders to give him back the company he sold.
Tesla right now is struggling, a lot. The Cybertruck, the only recent new model, had a slow start and has suffered from a recall. Competition right now is extremely fierce, Tesla is by no means unique in the market any longer. That is the situation in which Tesla is asking shareholders to give him control over the company. I am sure you agree that is a far more interesting story than "evil billionaire want's company to give him billions".
- dazc 2y agoMusk wanted shareholders to honour a deal agreed already. All car companies, including Toyota, are currently 'struggling'. If aliens landed today they would surmise that cars were the dominant species, closely followed by dogs. As has been the case for 50 years or more. In other words, 'struggling' is a relative term.
- constantcrying 2y ago>All car companies, including Toyota, are currently 'struggling'. Tesla won't exist in a decade if they continue on current trajectories. Their situation is completely non-comparable to Toyota, VW, Hyundai or any of the other larger car makers. None of them have it easy, but none of them are in the situation Tesla is in, just look at their recent financials results.
- bryanlarsen 2y agoTesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. Tesla share price might not be, but the company itself is fine.
- constantcrying 2y ago>Tesla is profitable, lots of cash in the bank and little debt. Tesla will be fine. If the trends of their last quarter continue they won't be fine, that much is painfully obvious.
- bryanlarsen 2y agoIf the trends continue for a decade, sure.
- rayiner 2y agoYou mean this trajectory? https://stockanalysis.com/stocks/tsla/revenue/ https://stockanalysis.com/stocks/tsla/revenue/ They had 18% revenue growth last year, 50% the year before that, 70% the year before that, and 28% the year before that. By comparison Toyota’s revenue is barely growing: https://stockanalysis.com/stocks/tm/revenue/ https://stockanalysis.com/stocks/tm/revenue/
- constantcrying 2y agoI mean these results: https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q1-2024-Update.pdf https://digitalassets.tesla.com/tesla-contents/image/upload/... Disastrous.
- rayiner 2y agoOne down quarter doesn't constitute a "trajectory."
- constantcrying 2y agoIt literally does. A derivative is defined point wise.
- xyzzyz 2y agoOn a smooth function, it is.
- constantcrying 2y agoWhat is your point? Over the last quarter Tesla's number looked extremely bad. That is obviously a trend. Not that the trend can't be reversed.
- rayiner 2y agoOne quarter is noise, not a trend.
- hindsightbias 2y agoThere was an 16mm film presented at my elementary school. It was a Martian documentary on their observation of Earth, circa late 60's probably. Never found it online. It marveled about the dominant lifeform there and all it created, consuming everything and expanding. It was highly diversified in size and color. It followed one lifeform to where it rested, and it disgorged "parasites", which from the fuzzy overhead view were humans and their dog staggering around in comparison to the elegant motion of the lifeform. It was pretty deep for a fourth grader.