xkjkls

45 ms·

541.
by xkjkls 8y ago
> Things published on youtube are not on behalf of youtube Tell that to people using YouTube. YouTube will end up being inextricably tied to whatever content is uploaded using their platform as long as they are the ones who manage its di
542.
by xkjkls 8y ago
> It is obviously troubling to see self driving cars run into solid and stationary objects, but human drivers do that all the time too. The question shouldn't be whether this technology is perfect, it should be whether this technolo
543.
by xkjkls 8y ago
Yeah, but is Tom Mueller, whose boss is Elon Musk, really going to publicly state anything else?
544.
by xkjkls 8y ago
Set game-changing goals like promising a self-driving car without LIDAR or other technology every year for the last three? I feel like every single Elon Musk "game-changing goal" is met with severe criticism by many of the enginee
545.
by xkjkls 8y ago
Is he? Musk has no engineering degree, he's never been the CTO of his companies, and most of his time seems to be spent on Twitter, dealing with media, and other PR things. I haven't seen any evidence that the engineering departme
546.
by xkjkls 8y ago
I'm sure some of it is, but given the multiple this company is trading at compared to its peers, a drop in sales of over 60% month over month should cause investors to panic.
547.
by xkjkls 8y ago
> There is demand sufficient to keep them going Is there? The Model 3 went from selling 18,000 cars in December to only 6,000 in Jan/Feb. Where is this demand?
548.
by xkjkls 8y ago
As an interesting aside, the Tesla Model 3 is a reviewed product on Amazon: https://www.amazon.com/Tesla-2018-3/dp/B076H6WHPP
549.
by xkjkls 8y ago
It is still terrible and irresponsible to make corporate decisions at this scale and just whiplash back and forth. There are thousands of people employed by this company who have felt dread and uncertainty because of these decisions. They s
550.
by xkjkls 8y ago
More worrying than that is the crashing Tesla resale prices: https://www.cargurus.com/Cars/price-trends/Tesla-Model-S-d20... Normal cars don't decline 20% in resale value in the last year.
551.
by xkjkls 8y ago
Their landlords are a large number of different entities each with their own areas and laws. This is not an effective way to negotiate with 100s of malls around the country.
552.
by xkjkls 8y ago
There's very few companies that the SEC requests a judge find the CEO in contempt of an official agreement that can't be described as "in turmoil".
553.
by xkjkls 8y ago
> Imagine you have a private company. Somebody comes to you with a big fat acquisition offer and you get excited, but it's obviously not anywhere near inked yet. You send a celebratory e-mail to your investors and your option-holdin
554.
by xkjkls 8y ago
It will depend on the judge and circumstances, but given that Elon didn't seem to be fazed by a $20 million fine last time, I could easily see a much larger fine this time.
555.
by xkjkls 8y ago
Yes. Re-iterating guidance is still material. Elon currently has a full month more of non-public information about Tesla's current demand and production. For him to publicly say "this number is still true" even if it is alrea
556.
by xkjkls 8y ago
Innovative as in fake a buyout offer, get censured by the SEC, and then violate that agreement? I mean, that isn't exactly how I would use the word, but ok.
557.
by xkjkls 8y ago
And even reiterating guidance is a material event. Since the original conference call, Model 3 sales in the United States have fallen off a cliff. If after that event if Elon still believes that they are on track for 500K cars, that is mate
558.
by xkjkls 8y ago
It's not about the 100K mistake; it's the fact that he signed an agreement with the government that all material information on his Twitter feed should be reviewed by Tesla's general counsel before being posted. This obviousl
559.
by xkjkls 8y ago
News stories often have little else in them other than their headline. Like, for instance, this one. 90% of the value of this is the headline itself.
560.
by xkjkls 8y ago
Even re-iterating guidance that you issued a month ago is a material, as the government describes at length in the court filing.
561.
by xkjkls 8y ago
It's pretty similar to momentum investing, except using real returns rather than relative performance: https://www.aqr.com/Insights/Research/Journal-Article/Fact-F...
562.
by xkjkls 8y ago
And this much turmoil in an accounting department is never good. In the last year, they've lost 5 finance VPs, their CFO, and a CAO that they hired and left a month into his tenure. That would be shocking for any other $50 billion mark
563.
by xkjkls 8y ago
Tesla's don't drive themselves though. Tesla has removed the FSD option from all it's model's since October. Most self driving engineers don't actual believe the strategy of using only standard cameras installed i
564.
by xkjkls 8y ago
I disagree with that. The main appeal of a Tesla over other cars is the zippy electric drive train. The rest of a Tesla car... well, leaves a lot to be desired for. The Model 3 has already developed a reputation for being unreliable, and th
565.
by xkjkls 8y ago
> Are you're saying this from a short-term financial perspective? I'd argue it was a stupid move from a short-term, long-term, and even medium-term financial perspective. Not only did TSLA subsume all of SCTY's debt, they
566.
by xkjkls 8y ago
I'm not sure that is who I want valuing companies
567.
by xkjkls 8y ago
What's the comparison on insurance rates between the two?
568.
by xkjkls 8y ago
Why at this valuation do you think it's attractive? $30.5 billion is a hell of a price to pay for a business with only around $2 billion in revenue.
569.
by xkjkls 8y ago
most beautiful code i've ever seen
570.
by xkjkls 8y ago
The data they get from what is popular on marketplace justifies its existence alone. Without marketplace, Amazon would be in the dark about what products they should even begin stocking.

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