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CNN Skeptical of Elon Musk's 'Big Promises' (cnn.com)

An anonymous reader writes: Tesla's electric semi-truck will be launched three weeks later than planned, CNN reports. It's been bumped to November 16th because Tesla says it's "diverting resources" to address problems with its Model 3 sedan production -- they've produced just 17.3% of the cars they'd planned -- and to make more batteries to send to areas hit by hurricanes. CNN notes Tesla's Model X "didn't start shipping until two years after it was supposed to roll out," and production of its Model S sedan "was also much slower than originally promised." Michelle Krebs, an analyst with Autotrader.com, complains Tesla "may well have far too much on its plate. It should focus and deliver on some key promises."

But Elon Musk "has a history of some pretty pie-in-the-sky promises," complained CNN business anchor Maggie Lake, citing Musk's claim that he had verbal approval for an underground hyperloop connecting New York City to Washington D.C. ("This is news to City Hall," said New York's press secretary at the time, and no actual approval has ever been produced.) Lake also noted Musk's promise to fix South Australia's blackout problems by building the world's largest lithium-ion battery within 100 days back in March. Last Friday Tesla signed a contract to begin the work, so the 100-day countdown has begun.

CNN's report ran under the headline "Elon Musk: Big Dreamer or Monorail Salesman?" -- referencing a satirical 1993 episode of The Simpson's. "Here's a spoiler alert," the segment concludes. "If you haven't seen that episode...the monorail plan doesn't work out too well. Let's put it that way."

37 of 206 comments (clear)

  1. Why would anyone take CNN seriously? by bogaboga · · Score: 2, Insightful

    I am wondering why anyone and at Slashdot especially, would take CNN any serious. Why? These are folks who spread f*k* news I know.

    1. Re: Why would anyone take CNN seriously? by mschuyler · · Score: 4, Funny

      Yes. They are husband and wife.

      --
      How about a moderation of -1 pedantic.
    2. Re:Why would anyone take CNN seriously? by bogaboga · · Score: 5, Informative

      To be relevant to this maybe you could compare Musks claims with CNNs news and provide some proof they are less trustworthy in general?

      If people followed and but their cash on CNN and its claims prior to the election, they'd have lost big time.

      Anyway, I digress....but these are some of the outrageous things they've said in the recent past. Remember, they claim to be, "The most trusted name in News."

      1: They on June 6th reported that Comey was going to contradict President Trumpâ(TM)s claim that he wasnâ(TM)t under FBI investigation in his Senate testimony, a report which obviously was going to make Trump look like a liar. They had to retract these claims.

      2: CNN.com Headline: From early May, âoeRape and domestic violence could be pre-existing conditions.â CNN argued that the American Health Care Act (AHCA) could make sexual assault a pre-existing condition, preventing women who survive rape from getting health care.

      3: Claim reported as something worth listening to, while referring to WikiLeaks: "Remember, itâ(TM)s illegal to possess these stolen documents. Itâ(TM)s different for the media. So everything you learn about this, youâ(TM)re learning from us,â Cuomo said on television.

      Need more? I have 11 crazy ones for you...

    3. Re:Why would anyone take CNN seriously? by quantaman · · Score: 2

      These are folks who spread f*k* news I know.

      You keep using that phrase, I do not think it means what you think it means.

      --
      I stole this Sig
    4. Re:Why would anyone take CNN seriously? by hackwrench · · Score: 2, Insightful

      The only thing wrong with Musks predictions is that he sometimes delivers late.

  2. Guess they are not big into the whole news thing by Anonymous Coward · · Score: 5, Informative

    Other wise they might have known - https://www.theguardian.com/australia-news/2017/sep/30/elon-musks-big-battery-for-south-australia-already-half-complete

  3. In related news ... by fahrbot-bot · · Score: 3, Funny

    But Elon Musk "has a history of some pretty pie-in-the-sky promises,"...

    Elon Musk announced that SpaceX is developing a direct-to-home pie delivery service.

    --
    It must have been something you assimilated. . . .
  4. Reality distortion fields by elrous0 · · Score: 4, Funny

    This is a tricky one. Do I believe the huckster with the reality distortion field that would put Steve Jobs to shame or the "news" channel where the reporters are all still pissed that Donald Trump ruined their awesome "SHE DID IT!" party back in November?

    --
    SJW: Someone who has run out of real oppression, and has to fake it.
    1. Re:Reality distortion fields by AmiMoJo · · Score: 2

      Musk's last update on when the self diving capability of Tesla cars week be delivered was the end of the year. Recently he said SpaceX would land people on Mars in 5 years.

      He's optimistic, you have to give him that.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    2. Re:Reality distortion fields by gravewax · · Score: 2

      There is optimism then there is straight out bullshit. Elon despite all his achievements favours the later when he is spruiking his plans, it is a shame really as the truth is just as interesting in most of these situations.

  5. There's three sides by Baron_Yam · · Score: 5, Insightful

    Musk cheerleaders, Musk naysayers, and the truth.

    The way I see it, Musk is a bit of a 'showman' and in that role has a tenuous connection to the truth... but he did deliver a tail-landing rocket and he did deliver electric cars when the naysayers were calling him a liar for even saying it was possible.

    So I tend to look at what Musk promises, not when.

  6. Fueled by gov't subsidies.. by HockeyPuck · · Score: 2, Interesting

    I've always wondered how many people would be driving electric cars if it wasn't for the state/Fed subsidies (rebates) or other benefits like Leaf's free charging. Though Elon Musk, as of 2015 had benefited from almost $5B in Gov't subsidies.

    I see people driving $100k Teslas, and they're not doing it to be green. It's the new status symbol of wealth (used to be BMW/Benz).

    1. Re:Fueled by gov't subsidies.. by Anonymous Coward · · Score: 5, Insightful

      Boo hoo, infrastructure for electric cars is getting funded with help from the public. In the end we will all benefit from it with cleaner transportation infrastructure.

    2. Re:Fueled by gov't subsidies.. by steveha · · Score: 4, Insightful

      I've always wondered how many people would be driving electric cars if it wasn't for the state/Fed subsidies (rebates)

      Our tax policy includes rebates and incentives to encourage people to do things. For example, giving to charity.

      Policy makers were hoping people would do things like switch to driving electric cars. They set up the tax rebates accordingly.

      Tesla customers getting a tax rebate on Tesla electric cars? That's the system working as intended. The government wanted to encourage the switch to electric cars, and it's working.

      Note that the incentives are really just accelerating a process that would have happened on its own. If BEVs were significantly less expensive than ICE vehicles, people would choose to buy them even without tax incentives. The tax incentives are intended to jump-start this, and help BEVs get over the initial hump.

      Selling lots of cars helps enable economies of scale; economies of scale help cars cost less; cars costing less helps sell more cars. It's hard to get the cycle going when your initial low-quantity sales are expensive cars.

      Also note that when government picks winners and losers, government tends to do a stupid job. Consider the Obama administration loans to Solyndra... a total debacle. But if government is going to interfere with the free market, IMHO the BEV tax credit is one of the best things they could do. Customers are still spending their own money, so they won't be buying lousy cars even with the BEV tax credit; it should help good products get established with little risk of Solyndra-style debacles. And in the specific case of Tesla I think it's clear that it worked out well.

      or other benefits like Leaf's free charging.

      Nissan provided that to encourage customers to buy their brand of BEV. Nothing wrong with that.

      I see people driving $100k Teslas, and they're not doing it to be green. It's the new status symbol of wealth (used to be BMW/Benz).

      It's true that Tesla has grabbed most of the "large luxury car" sales in markets where they are competing. However I don't think that it is just, or mostly, that rich people want to show off their wealth. Tesla makes cars that are safe, reliable, and fun to drive; and for rich people the cost doesn't seem too high, so why not buy one?

      Plus I've read a lot of discussion of Teslas online, and I've repeatedly seen comments like "Well, I think the Tesla interiors are cheap. My BMWs and Mercedes are much nicer, let alone my Bentley. I sold the Tesla and bought a Jaguar." (I just made that up but it's similar to real things I have read.) It sure doesn't seem to me like really rich people think a Tesla is a mark of status.

      --
      lf(1): it's like ls(1) but sorts filenames by extension, tersely
    3. Re:Fueled by gov't subsidies.. by Gravis+Zero · · Score: 4, Insightful

      I've always wondered how many people would be driving electric cars if it wasn't for the state/Fed subsidies (rebates) or other benefits like Leaf's free charging.

      I've always wondered how many people would be driving ICE cars if they had to pay to remove the CO2 that they are pumping into the atmosphere.

      --
      Anons need not reply. Questions end with a question mark.
    4. Re:Fueled by gov't subsidies.. by DCFusor · · Score: 2

      I didn't make enough money to get most of the subsidy for my Volt, and it worked out to only a few percent of the price, making it still expensive. But worth it, been trouble free since late 2011.

      --
      Why guess when you can know? Measure!
    5. Re:Fueled by gov't subsidies.. by I75BJC · · Score: 3, Insightful

      Today? No change in USA numbers. Where's the production of Electric Cars that could supply the need? When will the cost of Electric Cars reach the cost of Used cars in the USA? Where's the range to permit the driving range of an ICE Used car? When's the cost of a battery recharge going to match the cost of an ICE Used car's fillup? When are electric charging stations going to be able to handle the numbers and flows of ICE Used cars. Where are all the petro fueled electric plants necessary for electric cars going to be built? When are necessary electric plants going to be built? "Rome wasn't built in a day" but so many people seem to think a switch to Electric/Renewable/Magical can be accomplished by the end of the year. It will take decades -- just like the ICE cars displacing the animal drawn "cars" and "trucks" of the past.

    6. Re: Fueled by gov't subsidies.. by shilly · · Score: 2

      Even if there were going to be lots of people living near new plants whose health would now be damaged, which is not the case, this would still be the right thing to do considering the vastly higher numbers of people whose health is being damaged by exhaust fumes on the roads today.

  7. "Elon time" by JoshuaZ · · Score: 5, Interesting

    If there's one thing that has become very clear it is that Musk is not good at estimating how long something will take. At the same time, when he says it will happen, it does generally happen. The really good example of this is SpaceX. The Falcon 9 took far longer to get off the ground and be really reliable than he predicted, but once it did, it became an absolute monster in the industry. More than a third of all rocket launches worldwide this year are SpaceX launches http://www.popularmechanics.com/space/rockets/a27290/one-chart-spacex-dominate-rocket-launches/ and the projections suggest that will be more than half next year, even without the Falcon Heavy (which is another example of this since it has taken much longer but will eventually go). The real issue with Tesla is that if things go slowly enough then the other car companies will essentially out-compete him; but by his own description he's essentially ok with that, since the primary point of Tesla was help deal with global warming.

    1. Re:"Elon time" by Applehu+Akbar · · Score: 4, Insightful

      It's rocket science. Everyone who has worked in this field has taken longer than he thought it would, starting with von Braun.

    2. Re:"Elon time" by Charcharodon · · Score: 4, Funny

      I always find it funny that people think it is even possible to pinpoint a date and time when anything is going to be ready. I barely can predict when dinner is going to be done. I can't imagine trying to predict something as complicated as a brand new electric car or a rocket launch down to the year, much less a day within that year.

    3. Re:"Elon time" by Rei · · Score: 5, Interesting

      How come we only apply this to Musk? How long have we been hearing about the "imminent" Tesla-killers coming from the German automakers? I remember an article in the (hugely anti-Tesla) Daily Kanban in 2015 talking about how Porsche was getting ready to crush Tesla with the super-awesome-stupendulous Mission-E (along with a bunch of other no-show EVs), because the concept looks so double-plus awesome! Guess what? It's 2017 and it's still two years off. But wait, we finally got some spy shots of them finally testing - and guess what? After facing design reality, the concept now looks like nothing more than a glorified Panamera. Just wait for the disappointing stat/price point/production figures!

      Anyone who has followed the history of concept cars over the years knew damned well that this was going to happen, because it always does. Concept cars are art pieces, not things that are actually practical from aero / production / functionality designpoints. But far too many people have trouble conceiving of anything but that the only reason Tesla is succeeding is that the big automakers have been "keeping their powder dry" all this time, can crush Tesla at any point in time, and are just about to do so, any day now. The fact that they aren't and can't is inconceivable to them.

      (In case any is curious as to why they can't... link)

      --
      "If there was an antonym to 'Elon Musk', it would be 'Richard Branson'."
    4. Re:"Elon time" by Hognoxious · · Score: 4, Funny

      Good thing too. If he'd been a bit more punctual the Germans might be running Europe now.

      Er, wait...

      --
      Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  8. Elon by multi+io · · Score: 4, Insightful

    So Musk promised more Model 3's than he ended up delivering, and bigger SpaceX rockets and spacecraft than he ended up delivering, but I still don't see the competition quite catching up. The rockets that he did deliver still dominate the launch market and manage to land their first stages ass-first, intact. So it's not like Elon is all fake, instead it's all about managing expectations. The guy promises you a city on Mars next year, and delivers only a village on the Moon five years late, while all the others give you a hut in Alaska.

  9. Re:Sexism by Stormwatch · · Score: 2

    I recall everybody singing her praises until the fraud was exposed.

  10. Re:Sexism by RightwingNutjob · · Score: 4, Insightful

    She didn't get a free pass because all of her snakeoil was bullshit. Elon Musk has cut real metal and made real products delivered to real customers. I call bullshit on his pie in the sky, but I give him props for things he's actually done. Elizabeth Holmes never had anything to her name besides the hype and a black turtleneck sweater.

  11. Re:Guess they are not big into the whole news thin by Anonymous Coward · · Score: 5, Insightful

    Well it's hard for CNN these days. They spend 99% of their time worrying about Trump and research on real news takes time.

    The fact that Slashdot is quoting those ass hats is more worrisome than whether Musk can meet a deadline.

  12. Re:Guess they are not big into the whole news thin by michelcolman · · Score: 4, Interesting

    Also, saying he only delivered 17% of the cars they had planned is distorting the truth a bit. They planned to deliver 100 in August and 1500 in September, ramping up to around 5000 a week by the end of the year. So if they only delivered just over 200 cars in September, that's less than a month's delay which is peanuts compared to other Tesla delays in the past.

  13. Re:Guess they are not big into the whole news thin by Rei · · Score: 5, Informative

    Beat me to it. Looks like it's going to be done well ahead of schedule. But hey, facts havenever stopped anyone before when trying to find reasons to bash Musk.

    Facts like the fact that Musk never said he had approval from New York City - that he actually said, "verbal govt approval". Which he did - the government he was speaking of was the federal government (DOT, asked about it: "We have had promising conversations to date, are committed to transformative infrastructure projects, and believe our greatest solutions have often come from the ingenuity and drive of the private sector,""). But hey, let's leave that part out and pretend that Musk was just making things up.

    Facts like, for example, that Model 3's production schedule had been moved forward to July (was originally supposed to start at the end of this year), with Musk stating at the time that the reason for the July deadline was because he knew some suppliers would inevitably fail to meet their deadline and he had to have a way to hold their feet to the fire with real penalties for failing to deliver. Of course, they actually did make the July deadline.

    The Wall Street Journal will gripe about the fact that there are missing features in the (over-the-air-upgraded) software stack and that there's some manual labour / part changes in manufacture because automated assembly line isn't yet complete. Really, WSJ? Gee we all thought that the line was fully ready to produce tens of thousands of vehicles per month, but the schedule was only to produce a couple hundred for giggles. And of course, every Tesla short will whine about how there are customers acting as "beta", ignoring the fact that none of the above comes as any surprise to anyone with a deposit, particularly the earliest ones, and that they're thrilled to have the chance to get their vehicles early. I know one who, after having the car for just two weeks, already put down a deposit on a second one.

    But hey, I guess someone has to try to recoup some of their losses in their ill-advised short position in TSLA.

    --
    "If there was an antonym to 'Elon Musk', it would be 'Richard Branson'."
  14. Re:Guess they are not big into the whole news thin by Rei · · Score: 4, Informative

    15 may 2016:

    Tesla promised to start deliveries by the end of 2017, and to move 500,000 units a year (including Model S and Model X sales) by 2020.

    Musk, apparently feeling his company isn't under quite enough pressure, upped the ante during Wednesday's call, saying he'll deliver 100,000 cars by the end of 2017 and hit the half-million threshold in 2018.

    I'll repeat: Tesla accelerated their own schedule. Their original schedule was "something, at some point, in 2017". They changed it to an extremely aggressive S curve starting in July. As for the latter part:

    "I think it’s worth explaining sort of how manufacturing a complex object with several thousand unique components actually works. And what date’s relevant and – in order to achieve volume production of a new car with several thousand unique items, you actually have to set a target date internally and with suppliers that is quite aggressive.”

    According to Musk, that target date in July 1 of 2017. That doesn’t mean that the Model 3 will enter production on July 1st, because as Musk explains:

    “Now, will we actually be able to achieve volume production on July 1 next year? Of course, not. The reason is that even if 99% of the internally produced items and supplier items are available on July 1, we still cannot produce the car because you cannot produce a car that is missing 1% of its component.”

    Musk says that actual production will be “some number of months later,” due to supply chain issues and internal production problems. This, according to Musk, is how the entire automotive industry works. In some ways then,start of production for the Model 3 is not entirely controlled by Tesla.

    Musk concluded this part of the discussion with this statement:

    “So in order for us to be confident of achieving volume production of Model 3 by late 2017, we actually have to set a date of mid-2017 and really hold people’s feet to the fire internally and externally to achieve an actual volume production date of late 2017.”

    He then provided a production target, which is way beyond what we’d expected to hear:

    “So as a rough guess, I would say we would aim to produce 100,000 to 200,000 Model 3s in the second half of next year. That’s my expectation right now.

    --
    "If there was an antonym to 'Elon Musk', it would be 'Richard Branson'."
  15. He who unerestimates Musk usually loses by mschuyler · · Score: 3, Insightful

    If there's anything pundits, so-called experts, and know-nothing journalists should know by now it is to underestimate Elon Musk is a losing proposition. Everything these scoffers said could not be done---ever, has been done by Musk.

    --
    How about a moderation of -1 pedantic.
  16. Re:Guess they are not big into the whole news thin by Rei · · Score: 4, Informative

    Right. So let me get this straight: we're supposed to be mad at Muskwhile they're moving the equipment in and installing it well within 100 days from the signing of the contract, it doesn't count, because we're supposed to judge Tesla not by the terms given (100 days from the signing of the contract), but instead a term that was never offered (100 days from the issuance of this tweet). Correct? And that there's something abnormal and unfair about a multi-million dollar power contract not being negotiated overnight?

    --
    "If there was an antonym to 'Elon Musk', it would be 'Richard Branson'."
  17. after Trillions have been spent to subsidize gas? by Uberbah · · Score: 2

    Capital T trillion. Trillions in tax dollars over the decades to build streets and highways (tearing down consumer rail in the process) to support gas burning trucks and cars. Trillions given away over the years in either direct subsidies to oil and gas - tax breaks and letting them drill on public land for next to nothing - and indirect subsidies like not making them pay for environmental restoration.

    But now it's a problem when we start talking a fraction of that sum to move away from CO2 production?

  18. Re:Guess they are not big into the whole news thin by rtb61 · · Score: 2

    For why? of course is really the question. Why pick on Tesla and Elon Musk, well, at least two groups in that market, competing automotive manufacturers and fossil fuel industry. Would they pay to attack Tesla and Elon Musk as part of that attack against Tesla, do wild rabid dogs have fleas, well, yes to both. Elon Musk does like to open up on his long term dreams and there is nothing wrong with that and some dreams will be more successful than others, meh. Just typical of modern main stream media that actively serves it advertisers way ahead of it's consumers and will actively lie to and fought in court the right to lie to consumers, they call it news entertainment.

    So they are entertaining us with stories about russia to head of debate on universal health care. So attacks on Tesla mainly to head off electric vehicle competition with fossil fuel and to prevent Tesla getting to great a lead on other automotive manufacturers in electric vehicles. So personal attacks on Elon Musk in order to attack Tesla, automotive and of course solar power and battery back (a new threat, the distributed power station, the structure is already built, it just needs it's generators and batteries, the power station structure your home, not just your electric needs but also the rest of the grid).

    --
    Chaos - everything, everywhere, everywhen
  19. Re:Guess they are not big into the whole news thin by DerekLyons · · Score: 3, Insightful

    Also, saying he only delivered 17% of the cars they had planned is distorting the truth a bit. They planned to deliver 100 in August and 1500 in September, ramping up to around 5000 a week by the end of the year. So if they only delivered just over 200 cars in September, that's less than a month's delay which is peanuts compared to other Tesla delays in the past.

    Yeah, they rounded a bit. 200/1500=.1333

    Seriously, just how much koolaide have you drank? He promised x, he failed to deliver x. That's a simple fact, not a distortion of the truth.

  20. Guess you aren't big into facts. by DerekLyons · · Score: 2

    Facts like the fact that Musk never said he had approval from New York City - that he actually said, "verbal govt approval". Which he did - the government he was speaking of was the federal government

    The federal government lacks the authority to make such a commitment. And if you actually read the article you linked, and even the text you quoted, no commitment is to be found. But hey, let's leave that part out.
     
     

    Facts like, for example, that Model 3's production schedule had been moved forward to July (was originally supposed to start at the end of this year), with Musk stating at the time that the reason for the July deadline was because he knew some suppliers would inevitably fail to meet their deadline and he had to have a way to hold their feet to the fire with real penalties for failing to deliver. Of course, they actually did make the July deadline.

    Since they weren't talking about the July deadline... this is relevant, how? He promised delivery of 'x' in September, he failed to fulfill that promise. But hey, let's leave that part out.
     
     

    The Wall Street Journal will gripe about the fact that there are missing features in the (over-the-air-upgraded) software stack and that there's some manual labour / part changes in manufacture because automated assembly line isn't yet complete. Really, WSJ? Gee we all thought that the line was fully ready to produce tens of thousands of vehicles per month, but the schedule was only to produce a couple hundred for giggles.

    Um, no. The plan was to produce 1500 vehicles. He failed to do so. But hey, let's leave that part out.

    Or, to put it another way, you're 0 for 3 when it comes to facts.

  21. Re:Guess they are not big into the whole news thin by MachineShedFred · · Score: 2

    And if the contract were never signed, he would have poured a shitload of concrete and shipped a fuckton of batteries to Australia with no payment coming in. It's called 'risk' and he accepted it. He risked that the papers wouldn't be signed and started a 6 month contract 3 months before finalization, in order to get that 6 month contract done in 3 months.

    But somehow he's cheating by taking on the risk himself instead of being like every other government contractor ever and saying "whoops, we're not done on time. Guess you'll just keep paying for it until it is done and we'll pocket the overage!"

    Sounds like Australia is getting what they need, at the agreed upon price, on the agreed schedule. How is this a bad thing? Oh, but it's a company headed by Musk, so BOOOO! Boo I say!

    --
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