Tesla Stock Plunges After Senior Execs Leave, Musk Smokes Weed During Interview (arstechnica.com)

Today, we have learned that two executives have left Tesla. According to a filing with the Securities and Exchange Commission, Tesla's newly hired chief accounting officer Dave Morton decided to resign because "the level of public attention placed on the company as well as the pace within the company have exceeded [his] expectations." He added: "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla's leadership or financial reporting." Tesla's human resources chief Gaby Toledano also announced that should would be leaving the company after taking a leave of absence last month. CEO Elon Musk wrote that Toledo "has been on leave for a few months to spend more time with her family and has decided to continue doing so for personal reasons. She's been amazing and I'm very grateful for everything she's done for Tesla."

These departures certainly have had an impact on Tesla's stock, which is down more than six percent to $262, but an interview Elon Musk conducted with Joe Rogan may have caused the most damage. While discussing a wide range of topics including his tweeting behavior, his Boring Company's flamethrowers, and "neuralink" devices, the Tesla CEO openly smoked a mixed tobacco and marijuana cigarette, sending the internet into a frenzy. Ars Technica reports: Morton joined Tesla on August 6, one day before Musk's infamous tweet claiming that he had "funding secured" to take Tesla private. Musk was forced to abandon the plan a couple of weeks later. Not only did Musk not have any kind of written funding deal, many Tesla investors saw little upside in approving a deal that would reduce Tesla's transparency and the liquidity of Tesla stock. Morton didn't explicitly mention last month's buyout saga in his statement explaining his departure. But a lot of the "public attention" Tesla received during Morton's brief tenure was focused on the possibility of Tesla going private. It's safe to assume that members of Tesla's finance team were working overtime on issues related to the proposal during Morton's month at Tesla. It's worth noting that marijuana is legal in California (and several other states) if you are 21 or older, but the federal government still strictly prohibits the Schedule 1 substance.

UPDATE: You can watch/listen to the nearly three-hour-long interview here. Rogan manages to pick Musk's brain in great detail and in a refreshingly laid-back manner. We highly recommend a listen if you want to learn more about Musk's ambitions and thought process.

Comments

Still... a good interview.

[internet-redstar]

Still a good interview: https://www.youtube.com/watch?...

Re:Still... a good interview.

[rhazz]

Oh, AC is that your Ars comment quoted in the summary? Thanks editors for including this heavily biased and assumptive text. What trash.

It's now obvious that everything Elon tweeted that manipulated the market was a lie. Funding was not secured, the price of $420 was not based in reality, and it was not just a vote away from happening. When you're being investigated by the SEC for a weed joke that you used to manipulate the market it's an idiotic idea to make it even more obvious you manipulated the market by smoking weed publicly broadcasted. People are pulling out of the market because Elon lies to manipulate shareholders and cost them billions and that has become even more obvious. Not because 'omg weed is bad.'"

Re:Still... a good interview.

[rmdingler]

Still a good interview: https://www.youtube.com/watch?...

Agreed.

It must be very difficult for Elon to deal with the pressures of the business side of his genius; especially since he seems to be cursed with control issues, making it difficult for him to delegate tasks, including the appointment of another CEO or two at his flagship companies.

Has he made some miscalculations recently? Sure. Can he rebound from this? Certainly. It's simply clear he has to prioritize time for what he's great at (inspiration and innovation) and learn to hand off to others what he can afford to delegate (daily business stress and decisions).

Personally, I hope he gets it together... there is a worldwide scarcity of visionaries who stand to make the earth a better place.

Re:Still... a good interview.

[Rei]

It actually was. And anyone criticizing it for the "OMG Elon Is A Pothead Promoting Drug Usage!" notion clearly never watched it. It's practically an anti-pot ad. Musk is offered a joint (which he has to ask if it's a joint), takes one puff, doesn't even inhale, looks at it, shakes his head no, passes it back - then later on they discuss marijuana, and Musk says that he doesn't like it because it inhibits his ability to get things done and have a meaningful effect on the world.

But of course, that doesn't make for a clickbait headline, now does it?

Seriously, this Slashdot "summary" is one of the clickbatiest, most misleading summaries I've seen in ages. Also poorly copyedited - starting to talk about marijuana, then acting like it's going into a summary about pot, but instead going back to Morton. Naturally, their quoting of Morton cuts out before his line, "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting." - because, hey, why bother to mention a trivial thing like that when you have a hit piece to right?

And of course, there's no mention of the in-detail reporting on why Morton left. Specifically, Morton was brought in because his background was privatizations. But he felt like nobody appreciated his ideas as Tesla and he was being ignored. His ignored ideas included, and I quote, "advice about capitalizing the company through other means rather than going private". Had Morton bothered to listen to a single earnings call, they would have heard the Tesla executive team repeatedly and strongly ruling out capital raises from equity; instead that their capital expenditures going forth are to be from profit and debt. He seems to have misunderstood that privatization wasn't a means, it was a goal: to eliminate short-sellers, and thus the financial incentive to FUD the company - as well as to eliminate the end-of-quarter rush and allow the company to stay more long-term strategically focused.

By the way, as for executives leaving in general: Tesla has 23 people at the VP level or higher - we're not even counting department heads here. The average stay of a high level executive is around 4 years, and less in Silicon Valley. Executive departures will happen. Get used to it.

Of course, Slashdot concludes with a paragraph that is an epic smear, curiously sourced from some random person commenting on some other site's message board (is that a first here?):

It's now obvious that everything Elon tweeted that manipulated the market was a lie.

Meanwhile, in the universe that we live in, there were multiple entities competing to buy Tesla. Including, among others, multiple sovereign wealth funds (not just the Saudis), and Volkswagen. The terms however were more painful to Tesla than staying public, including various combinations of loss of control, requirements to build large local production facilities and so forth. It also became clear that the best their advisers could do for allowing retail investors to remain in (which was part of the plan, to minimize the size of the buyout) was an exotic trust structure that would have had a low chance of being approved by regulators.

But naaaaaah - who cares about actual investigative reporting when you can base articles on "Megatrex from the comment section of Ars Technica"? FUD away everyone! It's a lot more fun!

Re:Still... a good interview.

[Rei]

** hit piece to write

Re:Still... a good interview.

[Wolfrider]

--Dude seriously needs to take a couple of weeks vacation somewhere private and calm down from the stress. But he's rich enough that it's difficult for his friends and family to call him on his shit.

Re:Still... a good interview.

[Anonymous Coward]

Hamza Shaban at Washington Post did an article about the weed smoking at https://www.washingtonpost.com/technology/2018/09/07/elon-musk-smokes-weed-joe-rogan-podcast/ , which basically sounded almost exactly like this, not stopping to mention context. As far as I can tell, it is now an actual news article, because what matters isn't whether he liked it or anything but the fact that the public image of Elon Musk has been tainted by people posting around this crap on social media.

2018, the year when what is true no longer matters, and the only thing that matters is what people see other people posting on social media.

Re:Still... a good interview.

[rmdingler]

--Dude seriously needs to take a couple of weeks vacation somewhere private and calm down from the stress. But he's rich enough that it's difficult for his friends and family to call him on his shit.

A fine lesson there. No matter how gifted you are, do yourself a gigantic favor, and resist the temptation to surround yourself with yes-men... everyone benefits from a critical viewpoint now and then.

Re: Still... a good interview.

[sound vision]

Good interview maybe. The big question is, is it good weed, and can you pass it already?

Re: Still... a good interview.

[Anonymous Coward]

The shitty quality of misleading articles in general is getting worse and worse.

I've been coming to Slashdot daily for 19 years now and the only reason I bother the last few years is because it's like watching a train crash in slow motion, you know it's coming but you can't help but stare.

Re:Still... a good interview.

[Anonymous Coward]

"Now Joe, tell me something."
*takes a hit*
"Who do you think owns the press?"

Re: Still... a good interview.

[Anonymous Coward]

Been here about the same amount of time. It has gone down hill, but can't seem to shake it. The posting seems to be better on the weekend though.

Re:Still... a good interview.

[Anonymous Coward]

This man is great. I dont really give 2 fucs about electric cars or reusable rockets, but this is a man styled after my own heart. He pisses right in the face of everything and he's getting extra zesty now. Calling the baldo expat diver who sniffed at his sub a pedo and then betting people that it was true? purely on the basis that ~99.97 of bald 40+ limey toads who emigrate to Thailand are --in fact-- genuine pedophiles? Lazily shitting on reddit?

The man is a genius, and the cars and rockets and flamethrowers are just icing on the cake.

Re: Still... a good interview.

[captainproton1971]

The posting seems to be better on the weekend though

Seems to be better on weed, too

Re:Still... a good interview.

[Anonymous Coward]

I'm all in with Tesla, whether they go private or stay public. But, for the love of all that is good, I could use a joint right now.

Re:Still... a good interview.

[myid]

Thanks for the description on Musk smoking the marijuana. You're right - it was very brief. But he shouldn't have smoked it in the interview; it increases doubts about his judgement. In case anyone wants to see it, it starts at 2:09:30 of this video (the video that was referenced in an earlier post).

Musk's companies have a lot of potential to help people. Tesla, with its solar roofs (which are attractive) and powerwalls, might help reduce energy consumption. And Neuralink might develop 'devices to treat serious brain diseases'. (But not the flame thrower - the Boring Company should stop selling it.)

My big concern about Musk is that he isn't getting much rest these days. But I generally have confidence in him and his companies.

Re: Still... a good interview.

[Anonymous Coward]

I agree with that logic.

Re:Still... a good interview.

[BlueStrat]

But of course, that doesn't make for a clickbait headline, now does it?

Human nature is often very nasty.

There are and will always be those who, for a variety of reasons from the psychological;/emotional (envy, jealousy, obsession/fixation, etc) to the political/ideological, will try to bring down & destroy those who are successful and/or visionaries, probably even more-so regarding visionaries. Musk being both paints a double-sized target on his back for "nay-saying nabobs of negativity".

Human nature is why we can't have nice things.

Seriously.

Strat

Re:Still... a good interview.

[Anonymous Coward]

Seriously, this Slashdot "summary" is one of the clickbatiest, most misleading summaries I've seen in ages.

Im very jealous you havent seen any Trump news.

Re: Still... a good interview.

[Anonymous Coward]

It was horrendous 'weed' because it was a mixture of 'marijuana' (of unknown lineage) and tobacco. Disgusting.

Re:Still... a good interview.

[Anonymous Coward]

Specifically, Morton was brought in because his background was privatizations.

He was too salty for the position.

Re:Still... a good interview.

[careysub]

Despite the mocking comments here you are exactly right.

Major execs leave, and the stock dips (6% is a plunge?) and people are sure it must be the pot.

Re: Still... a good interview.

[c6gunner]

This should be modded +5 insightful.

Re:Still... a good interview.

[Anonymous Coward]

Musk is doing himself in, via his own poor choices with respect to how he behaves in public. It is revealing how you choose to ignore that and instead attempt to claim that "ugly human nature" is somehow to blame for Musk's various problems. No one forced Musk to call someone a pedophile, no one forced Musk to make the various remarks he made about taking Tesla private, no one forced Musk to try smoking that pot in public. It's all Musk . Your ability to reason is called into question if you cannot discern that Musk's behavior is not the fault of some other person.

Re: Still... a good interview.

[Anonymous Coward]

99.97% genuine paedophiles lol, you need to visit Thailand, pretty obvious you have never been (probably out of fear someone will think you're a pedo..)

Re: Still... a good interview.

[Anonymous Coward]

A real joint, quite the delicacy. Who cares about the lineage as long as it isn't bargain bin variety?

Re:Still... a good interview.

[Anonymous Coward]

lord read your own links. funding was not fucking "secured." full stop. he committed securities fraud.

morton was obviously aware of tesla's position about equity raises. he told musk and co. that their plan was retarded, they said do it anyway. so he quit.

by the way, the fact that you referenced these two different anecdotes in the same post is hilarious. in the first one, musk tweets without about as much concern for the truth as Donald J. Trump. in the second, you say that because musk promised no more public equity raises, that the only option was privatization. but his tweets have no weight...

Re:Still... a good interview.

[bingoUV]

For once I agree with you - the Slashdot story should have more about executives leaving. Which is not a catastrophe - but could have interesting hidden/non-hidden reasons - even from nerd point of view. The whole weed business has been blown out of proportion.

Though without the weed hype, the story does not have enough weight to reach Slashdot main page. We could combine it with fresh developments in the pedo case - that never gets old.

Re:Still... a good interview.

[Anonymous Coward]

He could go hire a Pepsi manager. Or he could use Microsoft's insert-a-CEO service (also called "CEO as a disservice" or CAAD).

Re:Still... a good interview.

[AmiMoJo]

While you are right that the summary is crap, there is a real story here. Musk is kinda bad at the PR side of being a CEO. Should probably have rejected the blunt outright, but that's nothing compared to accusing someone of being a paedophile on Twitter, or making public promises that don't get delivered.

That last one is going to bite Tesla in court one day, when people are demanding refunds for features they paid for but never received.

Re: Still... a good interview.

[Anonymous Coward]

You are out of control two options one you are part of the campaign to discredit this guy or you have become one of the many that is susceptible to being easily manipulated by media with an agenda that would make Andropov proud either way you lost a long time ago the self aware amongst the heard growing and that you parrot a narrative it is a screaming admission of what you are. Are you proud to serve this army of consensus generation is it a turn on?

Re:Still... a good interview.

[Anonymous Coward]

> 2018, the year when what is true no longer matters, and the only thing that matters is what people see other people posting on social media.

What is true never mattered, before it was "the only thing that matters is what people see from mass media". Nothing tragic about it. It is much harder to control the narrative now though.

Re:Still... a good interview.

[polar red]

>funding was not fucking "secured."

Sorry, no, we DO NOT know if it was or wasn't.

Re: Still... a good interview.

[Anonymous Coward]

What behavior? It was two guys shooting the shit and ones stoned a lot the other is a self made billionaire who could have retired at 27 the cumulative good he has done compared to the evil of his past PayPal odds are heâ(TM)s Satoshi so we have that youâ(TM)re afraid that is all this is a guy who can out compete you on multiple competency hierarchyâ(TM)s to borrow a phrase grow up reality is I never much cared for this whatâ(TM)s his name bono or Elon whatever until you got sucked into the machine trying to bring him down to earth no pun intended he if he is anything like who I think he is will stand this on its head and you fearful children of the dead past you long for terrified of change the choice is simple you are free to play the hero of your fathers long lost power days when women knew their place and segregation was normal

Re:Still... a good interview.

[turbidostato]

"No matter how gifted you are, do yourself a gigantic favor, and resist the temptation to surround yourself with yes-men... everyone benefits from a critical viewpoint now and then."

Well, from a cynical point of view, I'm not so sure it benefits "everyone"...

On one hand, the other "yes-men": they are there usually because they lack other talents, so having someone different on board *and* having the leader listening to him, most probably would end the other ones' career in the company or, at least, their ability to stay with the "grown-ups". Yes, in the long term the company folds, so they go to the unemployment queue, but in the meantime...

On the other hand, the leader himself, he's usually the sociopathic and narcissitic kind that always land on his feet, so he takes pleasure from their current yes-men and will just take the hit and start again with a different idea and a different group of yes-men to support him.

I've been there... twice, specially one of them it was so exemplary it could make into an encyclopedia entry. Both times I was fired because not being "a team guy", both times I went out telling others when exactly the company would fold within a three months margin and both times I was right. The only advantage? Since I was fired relatively early in the going nowhere process, I took all my benefits; the others that stayed to the bitter end, not so much.

Re: Still... a good interview.

[JaredOfEuropa]

It's not just Slahsdot in this case. The headlines everywhere read: "Elon tokes up during interview!!!"

Re: Still... a good interview.

[Anonymous Coward]

your fathers long lost power days when women knew their place and segregation was normal

Why do you wish to toss the baby out with the bathwater? Among the bad things were some very, very good things, indeed, and which were neither the cause of nor necessary to the existence of those bad things. Things that helped create a place people around the world viewed almost as Paradise and who dreamed of one day living there.

Mankind has been (relatively) advancing gradually since there has been a Mankind. All advancement has happened because people took the good from those who preceded them and built on that, acknowledging and understanding that times and attitudes change and advance (usually). Hell, things have changed radically in just the last twenty years. Tossing out all the good that was done and changes that were made then because not everything had been turned into what they are today would be just as stupid as doing the same with things 50 years ago...or 75...or 200.

You might also read up on the Enlightenment and Post-Modernism (and why it was created, by whom, and for what goal).

Re:Still... a good interview.

[JaredOfEuropa]

Agreed. And in an ideal world he should be able to smoke what he wants where he wants, with the public not thinking any less of him for it. But Musk would do well to realise that we don't live in an ideal, rational world, and that when you are running a public company, the public's opinion (or at least that of the stockholders) matters quite a bit.

Best thing for him would be to lay low, play nice and give Twitter - and himself - a bit of a rest. Once he gets Model 3 production fully on track, addresses these rumoured quality issues, and maybe have a couple good runs with the Crew Dragon capsule, he will have shown shareholders that he's the right man for the job. After that he can be as excentric as he likes...

Re:Still... a good interview.

[Anonymous Coward]

I can say it enough, but one has to be careful when they go on Joe's podcast. The comment section knew that there would be fallout, as there is always fallout when his podcasts take this kind of turn. It was his podcast mainly that sealed Milo's fate in his excommunication and Joe didn't defend it at all. He also consistently slams his guests (some are "friends"), like Schaub, Eddie Bravo, Owen Benjamin, and Alex Jones. With the track record I am starting to wonder if Joe is in the business of creating salacious content for mainstream to pick people they don't like apart.

Re:Still... a good interview.

[gl4ss]

smoking the weed has nothing to do with being years late from profitability. you can only run a company only on your public image for so long. only tweet extravagant ideas lifted from ancient popular mechanics for so long.

the stock tanked due to persons privvy to the books running out like the house was on fire. the big thing people want and need to know out of those books is if they're getting money into the company from making and selling the model 3's. that they don't sell the cheapo model because it wouldn't make money doesn't really put that much confidence into it.

anyhow, for some funnies you can watch some investment advice youtube channels from few days back.

the cars are good/okay yes - but whats that got to do with the company making money or not?

Re: Still... a good interview.

[Anonymous Coward]

Who want to make Earth and Mars better places

Re:Still... a good interview.

[Anonymous Coward]

He's also cursed with a world full of nay-sayers and trolls who don't want to see him succeed. We need more visionaries like Elon. Imagine the world if everyone thought "what if..." and everyone supported each other.

Re: Still... a good interview.

[Anonymous Coward]

Someone who is really smart but humble recognizes his own limitations. Elon while obviously smart needs to put a car guy in charge of Tesla and focus on something else. This would have fixed the manufacturing and bodywork quality problem a long time ago.

Re: Still... a good interview.

[gl4ss]

well it makes the weed last longer, burn better and hit harder(the tar etc acting as a carrier).

if you smoke anyways, who cares?

Re:Still... a good interview.

[Anonymous Coward]

Thanks for the description on Musk smoking the marijuana. You're right - it was very brief. But he shouldn't have smoked it in the interview; it increases doubts about his judgement. In case anyone wants to see it, it starts at 2:09:30 of this video (the video that was referenced in an earlier post).

Musk's companies have a lot of potential to help people. Tesla, with its solar roofs (which are attractive) and powerwalls, might help reduce energy consumption. And Neuralink might develop 'devices to treat serious brain diseases'. (But not the flame thrower - the Boring Company should stop selling it.)

My big concern about Musk is that he isn't getting much rest these days. But I generally have confidence in him and his companies.

Exactly. It was a monumentally stupid decision to partake in a podcast. Proof that it was monumentally stupid is the resulting stock plunge and bad press. REI seems to think its OK for a CEO to do things that bring bad press and hurt the stock price.

Re:Still... a good interview.

[Daralantan]

Musk is offered a joint (which he has to ask if it's a joint), takes one puff, doesn't even inhale, looks at it, shakes his head no, passes it back - then later on they discuss marijuana, and Musk says that he doesn't like it because it inhibits his ability to get things done and have a meaningful effect on the world.

Meanwhile every article about this is using some paused image of Musk with smoke all around his head, taken while he's mid-blink, looking super high.

Re: Still... a good interview.

[Anonymous Coward]

I notice the stock is significantly below your buy price of $300, I'm surprised you've got time to reply with all the stock you must be buying.

Re:Still... a good interview.

[SCVonSteroids]

I can't quite quote they're exact words, but they said it well when they were talking about chimps and said "This is why we're so fucked up with eachother."

Re:Still... a good interview.

[lgw]

Tesla has solved the biggest problems most companies have: people really want to buy its products, and he can sell them at a profit. That's a great place for any company to be.

Tesla really struggled to ramp up production to meet demand, mostly due to arrogance. They didn't start by hiring the best and brightest from other car companies that were good at automated manufacturing, but instead had a Silly Valley startup mentality of "we're smarter, so it's better if we invent everything from scratch" (of course, successful startups rarely think that way). Didn't work out so well.

But now they're making cars at a respectable rate, and demand is still quite high. No reason not to flip to cashflow positive in a few quarters.

So, the company will be making money, but the stock has "bigger than Ford" priced in already, which is a very different question.

Re: Still... a good interview.

[Anonymous Coward]

What exactly has Elon/Rei done to inspire confidence? If you like his vision of a future where we take a tunnel from our basement to the lanchpad where we fly to mars to drive our solar electric car to the play area to blast our flamethrowers then yes I can understand how juvenile fantasies can be inspiring to the young and naive but he has yet to actually DO anything.

Re: Still... a good interview.

[Anonymous Coward]

He became rich riding the coat tails of his superiors. You donâ(TM)t see the PayPal adults running around creating news just to get their names in the news. I would bet you cannot even name the other PayPal guys without looking them up.

Elon/Rei is a spoiled man-child who lucked into fabulous wealth and has been trying to prove to himself since then he earned it. His fragile ego cant deal with knowing he really didnt do anything and has zero accomplishments. Tesla, for example, isnt even his. He bought it. Did you know that?
Rocket tech? Bought it. Boring tunnels? The Chunnel has existed for many years. Flamethrowers? Oh, please, pure childishness.

If he didnt purely luck out ay PayPal no one would have ever heard of this guy. He has no skills, talents, experience, or even just plain old common sense, like dont go anywhere near a joint in a filmed interview when the whole world is watching your every move. Sheer incompetence and idiocy.
He just cant help doing stupid shit because he is a dummy.

Re:Still... a good interview.

[Anonymous Coward]

Still can't see that downward trend?

Re:Still... a good interview.

[SuricouRaven]

The tech industry has a history of companies which pioneer a field, develop new technologies, and then crash hard. The technology then gets used by later companies who can build on the mistakes. It's quite plausible that in twenty years, Tesla will no longer exist - but all the major automotive manufacturers of today will be churning out mass-produced affordable electric cars, and buried within them will be components designed by Tesla engineers.

Re: Still... a good interview.

[Anonymous Coward]

This man has a family.

Re: Still... a good interview.

[Anonymous Coward]

let me guess... you're a trump supporter

Re: Still... a good interview.

[SuricouRaven]

It's everywhere. I used to be a regular reader and commenter on Digg, years ago. It was good back then. I was part of the wave that left following two major scandals*, but when I go back there now I see that it's almost all clickbait. Not that it was completely clickbait-free eight years ago either, but it's a lot worse now.

*The 'Digg Patriots' event which revealed a small group of users had been conspiring to manipulate the site algorithms with a political agenda, and the revamping of the site which saw a sudden rush of blatantly paid-placement articles even as the operators denied ever allowing such a practice.

Re: Still... a good interview.

[Anonymous Coward]

That guy is a total pedo though....

Re:Still... a good interview.

[Geeky Don]

Thanks for the insightful comments. I am a Tesla fan (I'm currently driving my third Model S) and I remain mystified why anti-Tesla/anti-Musk coverage is so prevalent. Even highly respected media outlets are way, way slanted against Tesla--the WSJ comes to mind. Thanks again.

Re: Still... a good interview.

[Anonymous Coward]

It's not that he somehow lands on hismfeet, the successful ones are just the few who haven't failed yet

Re:Still... a good interview.

[Anonymous Coward]

But now they're making cars at a respectable rate, and demand is still quite high. No reason not to flip to cashflow positive in a few quarters.

Your post was a long drawn out way of saying "They will make it up in volume".

Yeah, that never works out.

Re:Still... a good interview.

[Anonymous Coward]

The tech industry has a history of companies which pioneer a field, develop new technologies, and then crash hard. The technology then gets used by later companies who can build on the mistakes. It's quite plausible that in twenty years, Tesla will no longer exist - but all the major automotive manufacturers of today will be churning out mass-produced affordable electric cars, and buried within them will be components designed by Tesla engineers.

Tesla tried to sell a niche product to the mass market.

Delorean did something similar. I mean, other than drugs.

Re:Still... a good interview.

[Anonymous Coward]

Anyone that has a problem with him smoking a joint needs to grow up.

Re:Still... a good interview.

[cayenne8]

Hey, this could be a good thing.

If you want some Tesla stock, now might be the time to buy it on the dip.

There's always a silver lining if you look for it....

Re: Still... a good interview.

[Anonymous Coward]

The math checks out.

Re: Still... a good interview.

[sound vision]

If your goal is for it to last longer and hit harder you'd be using a bong. Then you still get the flavor of the weed.
Joints of course win in portability, but in recent years the market has been flooded with new kinds of portable vaporizers. Not to mention new kinds of cannabis preparations to use in them.
Locally anyway, smokers who want a slow burning mix with tobacco just reach for a blunt. But with legalization, weed is so cheap and high quality now, I see no reason for me to try adulterating it with anything going forward. I haven't willingly smoked Mexican brick weed in years. It's no longer cheaper. Smoke local...

Re:Still... a good interview.

[Luthair]

There is no way a C-level executive is hired who has that level of difference of opinion with the CEO and the board.

Re: Still... a good interview.

[Anonymous Coward]

Yuri Andropov??? Wtf are you talking about?

Re: Still... a good interview.

[Anonymous Coward]

In that case, Teslaâ(TM)s vision would have been achieved, and tsla shareholders would have lost their investments - you have to understand world change is what most tsla shareholders are in for.
I want a piece of the success, not planning to get my money back out of it.

Re:Still... a good interview.

[LetterRip]

Tesla really struggled to ramp up production to meet demand, mostly due to arrogance

They ramped up faster than any car company in history. They are two years from when other car companies would roll their first car off a new line. It is only compared to Musk's hyper ambitious timeline that they 'struggled' to ramp up production.

Re:Still... a good interview.

[BronsCon]

When it rains, it pours.

Re: Still... a good interview.

[Anonymous Coward]

In Thailand, 99.97% of women on the beach...aren't actual women.

Re: Still... a good interview.

[Anonymous Coward]

Why? When he's just going to keep doing MORE stupid shit and it will tank slowly but surely. This shit isn't a train wreck, it's a titanic wreck. It's going to be long and slow.

Re: Still... a good interview.

[Anonymous Coward]

LOL. No we know. You just choose to ignore the truth because you hold stock. It's ok you are biased.

Re: Still... a good interview.

[Anonymous Coward]

âoeWhat if ...â rich twats have been spending fortunes preventing us from doing just that.

Re: Still... a good interview.

[Anonymous Coward]

PROOF ?

Re: Still... a good interview.

[Anonymous Coward]

Well, he has an exwife who he shares kids with. And a new trophy wife...

Re:Still... a good interview.

[Anonymous Coward]

Maybe you should watch the video then, since he said it was a limit run production, they sold all of them in a few days, and they are no more being made.

Re: Still... a good interview.

[Anonymous Coward]

Lots of mental gymnastics here. The only thing that people need to know is that by quitting, Morton walked away from $10 million. I'm inclined to think that the official release is damage control. No one walks away from that amount of money without good reason. Between this, the HR chief leaving on the same day, and the dodgy financials, something in Tesla is rotten.

Re:Still... a good interview.

[Dins]

But he's rich enough that it's difficult for his friends and family to call him on his shit.

I don't know about that. In the interview his friends called him on his bullshit via text message within 5 mins of him taking a small puff off a joint.

And to address someone else's comment, no he didn't inhale. He breathed in enough to get the smoke into his mouth (not lungs), then let it out, frowned, and handed the joint back to Rogan. But clearly he has a problem with weed......

Re: Still... a good interview.

[Anonymous Coward]

It was a good interview, and you are 100% correct. If anything he explains why one shouldnâ(TM)t smoke herb. But hey itâ(TM)s 2018, so we can still use pot as an excuse to crap on Musk and ignore the cool topics they discussed for nearly 3 hrs. The only silver lining to this horrible response by idiots are the dank memes, they were worth it Elon, thx broham!

Re:Still... a good interview.

[xystren]

I seem to recall that Musk wanted to return Tesla to a private company... What a great way to drop the price of the stock, so he can buy them back. Though my memory isn't what it used to be, and I might be cross-linking some other comment from somewhere else.

Re: Still... a good interview.

[Anonymous Coward]

Just like God, the side claiming existence needs to provide proof. It's not possible to prove something doesn't exist.

Re: Still... a good interview.

[Anonymous Coward]

there is no proof for either side

Re:Still... a good interview.

[drsquare]

And it's put them on the verge of bankruptcy, whilst producing cars 86% of which need rework, and cars being delivered to customers looking like they've been assembled in the dark by orangutans. Maybe other companies take their time for a reason. Tesla's 'hyper ambitious timeline' seems to be going back in time to British Leyland in the 70s in terms of quality and profitability.

Re:Still... a good interview.

[drsquare]

A few quarters is too far away, they're running out of money today, have some big debts to pay back, have suppliers demanding payment, and now need to find billions and billions to build all the new things Musk has promised (model Y, pickup truck, semi, roadster, solar roofs).

Re:Still... a good interview.

[drsquare]

Specifically, Morton was brought in because his background was privatizations.

That's not true at all, that's what Tesla fanboys have been telling themselves because they can't admit how weird is that someone newly appointed jumped ship after looking through the books. This is the second CAO they've lost in a year. This is not normal, and can't be handwaved away by fanboys. This latest one turned down ten million dollars in options. Guess the money isn't worth a spell in federal prison.

Naturally, their quoting of Morton cuts out before his line, "I want to be clear that I believe strongly in Tesla, its mission, and its future prospects, and I have no disagreements with Tesla’s leadership or its financial reporting."

This is boilerplate. He can't come out and air the dirty laundry in public because it will affect future job prospects. They always say shit like this. If Tesla wasn't fucked he wouldn't have walked in and out like Grandpa Simpson in that gif and leave behind ten million dollars.

There were not multiple entities competing to buy Tesla. In fact there were none. You're repeating lies. VW were never interested. The fact is, Tesla is on its way to bankruptcy, Musk has run it into the ground, you fanboys can't face that so spend your time flooding the Internet with lies and distractions. Every piece of negative news is 'FUD', every negative reporting of facts is a 'hit piece'. This is cult-like behaviour.

Well guess what, you can shoot the messengers all you want, you can cry 'FUD' at everyone who looks under the fridge and sees the cockroaches, you can cry about short sellers or 'pedo guys' all day to distract from the shitshow, it doesn't change reality. You can block every critic on Twitter, you can downvote every bear on reddit, you can troll Slashdot all day, it won't change the balance sheet, it won't get rid of the rivers of red ink, it won't make those thousands of unsellable RWD cars parked in the desert go away, it won't make that 14% FPY go away, it won't make those convertible notes go away, it won't make Musk's margin calls go away, it won't make the multiple lawsuits over illegal market manipulation go away.

Sooner or later the fanboys will have to face reality. No doubt when Musk announces Chapter 11 that will be FUD too.

Re:Still... a good interview.

[Anonymous Coward]

By "gets it together" you mean become more like us/ those who are so offended or offput, ... He won't be anything different. Our loss. (btw, anyone who thinks what we saw on the TV was "smoking" has very limited knowledge or ability to read behavior. Same re the whiskey.

Re:Still... a good interview.

[Anonymous Coward]

86%? Do you have a reliable source for that? And reliable does not include outside observers who are speculating but don't have any actual data. I got my Model 3 in May, and it's been great, no issues. No rework was required. The reviews of the M3 have been overwhelmingly positive.

I think your statement is sloppy and you don't really have anything to back it up.

Re:Still... a good interview.

[Anonymous Coward]

Except last I heard, they were losing money on every car they sold, even before you took capital expenditures into account. Did that change recently?

Oh, supposedly it has. From a month ago: https://www.theverge.com/2018/8/1/17639588/tesla-earning-q2-2018-model-3-production

> Until recently, Tesla had been losing money on every Model 3 that it shipped. Tesla says that the Model 3’s gross margin “should grow significantly” to approximately 15 percent in the third quarter and 20 percent in fourth quarter

I guess we'll get the official figures in early Nov. I'm still a bit skeptical about whether they can start making a profit in Q3 or Q4.

Re:Still... a good interview.

[Anonymous Coward]

First hit on Google was this Business Insider article:

https://www.businessinsider.com/tesla-hit-model-3-target-by-reworking-thousands-of-cars-2018-8

Are they a reliable source?

Re: Still... a good interview.

[DarthVain]

As someone else mentioned, it's everywhere, and it's click-bait.

I can't really blame Slashdot, it seems a more systemic thing. I mean you'd hope they'd be a bastion of truth and facts, however lets get real, it's a web news aggregator that calls itself "News for Geeks, Stuff that Matters" (or was it Nerds?), hardly the NYT... Speaking of which... Not exactly their finest hour either by many accounts. I also noticed just now BTW in trying to look up that quote that seemingly Slashdot has gotten rid of the tagline... Too limiting perhaps.

If anything, you can probably blame the unregulated wild west that Facebook has turned into and it's influence on the media. I'm more surprised I think that the above article wasn't entitled "You'll never believe this one little trick discovered by a single mom on how to do interviews well!"

Re:Still... a good interview.

[Anonymous Coward]

I seem to recall that Musk wanted to return Tesla to a private company... What a great way to drop the price of the stock, so he can buy them back. Though my memory isn't what it used to be, and I might be cross-linking some other comment from somewhere else.

My thoughts exactly. Not like the strategy hasn't been used before.

Re:Still... a good interview.

[Anonymous Coward]

What is true never mattered, before it was "the only thing that matters is what people see from mass media".

Which, for a decent chunk of our lifetimes, was a hell of a lot closer to the truth than "what people see other people posting on social media."

Eagerly Awaiting

[mentil]

Next Up: Boring Company-branded spleefs. Wonder how fast those will sell out.

Re:Eagerly Awaiting

[Zero__Kelvin]

Actually he took one hit, said he didn't like it, never got high, and stated that he didn't feel it would be conducive to productivity. Everyone making a big issue of this is an idiot, especially the two idiots that stepped down over it.

Re:Eagerly Awaiting

[Anonymous Coward]

Actually he took one hit, said he didn't like it, never got high, and stated that he didn't feel it would be conducive to productivity. Everyone making a big issue of this is an idiot, especially the two idiots that stepped down over it.

You miss the point so completely it is hilarious. Those people who stepped down aren't the idiots, bucko, you are.

The POINT is that Musk has incredibly poor judgement and Musk is given to displays that tend to be offensive. Most of us have smoked pot.
But Musk smoking it while in the public eye was indicative of poor judgement on Musk's part. It's not about the pot, it is about the POOR JUDGEMENT. And Musk has repeatedly displayed incredibly poor judgement.

Musk is a loose cannon, and people who control billions of dollars of investment capital DO NOT LIKE loose cannons.

Re:Eagerly Awaiting

[Anonymous Coward]

It’s doubtful they “stepped down over it”. Seems more likely they’re tired of Musk’s constant games.

Re:Eagerly Awaiting

[Rei]

Nobody stepped down over it. Morton left because he was a privatization expert for a company no longer looking at going private, and felt nobody cared about his privatization ideas anyway. Toledano has been on a leave of absence for over a month. The fun thing about Toledano is that people got to FUD Tesla twice - once when she went on leave, and again when it was confirmed that she wouldn't be returning. Two for one - what a deal!

Even if you assume that her "personal reasons" and "family" is PR speak (and not literally what it says on the tin), the simple matter is that - as a company which has nearly two dozen people at the VP level or higher (not even counting department heads) - executive departures will happen at regular intervals. Just like they do at all companies (but particularly in Silicon Valley, where average executive stays are shorter than average). The main difference is that people don't have a giant FUD blitz every time, say, some VP in Kraft Foods leaves.

Re:Eagerly Awaiting

[110010001000]

Yeah, plus Morton was known as a job hopper. He only worked 23 years at his last job at Seagate (a public company). He just took another job at a pre-IPO company today. I don't know why he didn't stick around. TSLA is going to $4000 and his options would have been worth billions. I guess he just isn't interested in money.

Re: Eagerly Awaiting

[Anonymous Coward]

You're as clever as a carousel horse... But please do keep going round!

Re: Eagerly Awaiting

[Anonymous Coward]

You are a gigantic pussy, and the world would be a better place if everyone like you offed yourself. Too bad you don't have any balls.

.

If that's the best you've got, you're a sad little boy.

Re: Eagerly Awaiting

[Anonymous Coward]

Elon/Rei, the only hope for your company is if you retire and let an experienced professional adult take over.

An adult would not have taken a single puff. Nor hired a privatization guy if not going private. Nor insulted investors to their faces at a public meeting. Nor called -anyone- a pedophile. Nor, well, it is a long list. And Elon/you have failed at everything but conning the investors.

Re:Eagerly Awaiting

[larryjoe]

Morton left because he was a privatization expert for a company no longer looking at going private, and felt nobody cared about his privatization ideas anyway.

Although the above underlined sentence above contains ideas mentioned in the article, the summary doesn't reflect what the author wrote and instead conveys a meaning that is very different from the article.

From the article: "Morton, who left his role as Seagate's CFO to join Tesla, was not flustered by the tweet [about privatization] and met with Musk to go over various details that would make a take-private difficult. He brought up specific details such as equity change of control provisions and potential step-ups in the value of Tesla's debt associated with a new controlling shareholder. Musk and other executives didn't seem to care about the various financial obstacles, which concerned Morton."

Then only after all this, "When Morton offered advice about capitalizing the company through other means rather than going private, he was ignored."

These missing parts paint a very different picture of the reason for Morton's departure. From the article, Morton is painted much more positively and Musk and Tesla in a much less positive light.

Re:Eagerly Awaiting

[mlyle]

Look dude, it's clear you're a true believer-- I don't know what degree to which the things you're saying are deliberate spin, and what aren't. I am neither long nor short TSLA (am investigating perhaps buying convertible notes & hedging with shorting the stock, but that would be a mostly-long position).

1. David Morton wasn't brought in to take TSLA private-- or shouldn't have been, as that's not his expertise. Sure, he did a transaction like that as a junior financial executive-- 16 years ago, but has been a CFO of a public company for the past 3 years and now went to Anaplan which is working on going public. It's believed that he was being positioned to take the reins as TSLA's CFO before his departure. I can sure understand shitting a brick and polishing your resume if you go somewhere to be a public CFO, and your first day, the chairman/CEO tweets about privatization without talking to you.

2. It's never good, with this degree of scrutiny, to do the kind of stupid shit that has gone down the past month.

3. TSLA needs more capital. It is difficult to fund significant growth from operations, and practically impossible with TSLA's degree of debt loading. While it may be possible to survive Q1's debt payment requirements (or even rally the stock and convert the notes), that doesn't leave extensive funds for capital expansion.
  That said, with TSLA's prior capitalization it should have been easy to get funding from a small (in share) equity round-- if stupid shit stops capital markets should open back up.

4. TSLA's valuation is predicated, even now, on making it through this challenging time and significantly growing and maintaining market share. This is never good if you have many market entrants who are willing to sell product at a loss (for regulatory compliance reasons). This is never good if other participants are willing, nay practically required, to enter the market and sell below cost and have greater access to subsidies and favorable trade terms than you.

TSLA has a better product and has an initial lead in share and a positive brand reputation. In a growing market, that's a wonderful position to be in. But success is predicated on strong execution, access to capital, and not doing stupid stuff.

Re: Eagerly Awaiting

[Anonymous Coward]

Eurasia is at war with Oceania. Eurasia has always been at war with Oceania.

Long live Big Brother!

Re: Eagerly Awaiting

[Zero__Kelvin]

Not his best perhaps, but 100% correct.

Re: Eagerly Awaiting

[Anonymous Coward]

It is very poor judgement. People with security clearances aren't allowed to smoke weed regardless of state laws. The air force is now investigating and this may threaten government contracts with SpaceX.

Re: Eagerly Awaiting

[Anonymous Coward]

He keeps hitting you musk fags with facts after facts and you choose to ignore them because you want Musk to win. It's ok. Us normal folk wit no bias are looking at you long holders like a bunch of Fucking idiots.

REI: I'll buy in at 300, that's a bargain price.

Well?

Re:Eagerly Awaiting

[djinn6]

TSLA's valuation is predicated, even now, on making it through this challenging time and significantly growing and maintaining market share. This is never good if other participants are willing, nay practically required, to enter the market and sell below cost and have greater access to subsidies and favorable trade terms than you.

Who knew poorly-conceived regulation could be a double-edged sword?

$420 meets 4:20 420 dude.

[Anonymous Coward]

Nonsensical comment for nonsensical "news"

Who cares.. Seriously?

[thoughtlover]

Besides the stockowners who sold enough stock to make the share price drop 6%+...

The stock will bounce back and those that sold based on their perception will kick themselves eventually, just like those that sold their stock in Nike.

Re:Who cares.. Seriously?

[elrous0]

Yep, he'll bounce back. Word is, he's already looking at a couple of replacements for those pussy execs who left.

Re:Who cares.. Seriously?

[110010001000]

Me too. $256.11 will be a bargain when the stock hits $4000 as it is expected to do.

Re:Who cares.. Seriously?

[Anonymous Coward]

I'm still short Nike options, and very, very happy with that. There's no way the lying media and virtue signaling idiots were going to let Nike plunge for long on mere news. I mean, every time some lefties decide to boycott something I run right out and buy whatever it is if I have any use for it at all and certainly a bunch of them did the same thing. That's just human nature. People with actual jobs have more money and can actually keep that stuff up though, like with Chic Fil A and In-n-Out Burger, whereas there's only so many Nike sneakers virtue signaling broke idiots can possibly buy on their maxed out credit cards.

It'll stay flat for a while, maybe it'll go up some, I don't care, because there's one thing they can't lie about or cover up and that's next quarter's earnings and in particular the revenue projections for the quarter after that. That's when it's profit time.

Get woke, go broke. The examples are almost too numerous to mention.

As to TSLA, I'll admit I didn't short that one. I truly didn't think even Elon Musk could be that damned stupid and screw up the hype driven money printing machine that is TSLA, but there he goes. I mean, you're talking about a company that on paper rivals large car manufacturers that actually put out products on budget and on schedule that lots of people actually buy. And people think Apple has a reality distortion field. Still, the people who say to buy it now are probably right after a couple of days Markets do have a tendency to overreact and it's not like the jobless leftists can afford to go out and buy Teslas to help prop him up like they did with Nike. So I might actually buy some. Me going long TSLA. Never figured on that happening. Strange world we live in...

Re:Who cares.. Seriously?

[msauve]

"hen the stock hits $4000 as it is expected to do."

That's after the 420:1 reverse split.

Re: Who cares.. Seriously?

[Anonymous Coward]

It's vastly overpriced at that. The company is circling the drain as we speak. He hasn't been able to figure out how to turn s profit and as soon as the recession comes those creditors are going to call their debts and share in any IP that may have been created.

It's mostly the deluded that can't see the writing on the wall, this company would be turning a profit under competent management.

Re:Who cares.. Seriously?

[AmiMoJo]

I wish you hadn't said that Rei, because now everything you say about Tesla and their cars has a financial motive.

Re: Who cares.. Seriously?

[Anonymous Coward]

âoevery happy with thatâ

Eurasia is at war with Oceania. Eurasia has always been at war with Oceania.
Long live Big Brother!

Re: Who cares.. Seriously?

[Anonymous Coward]

She's said similar before, besides she's been blaming every critical statement on shorta in order to dismiss them. What's good for the goose...

Re:Who cares.. Seriously?

[markass530]

and it's not like the jobless leftists...

Sounds like someone is willfully ignorant about the economy. LA, NYC, Silicon Valley maybe you've heard of those cities?

so you believe only "virtue signalers" buy nikes? right, history has shown that

Re:Who cares.. Seriously?

[markass530]

lol

https://www.marketwatch.com/st...

Re: Who cares.. Seriously?

[Anonymous Coward]

Are you kidding? Have you not been paying attention?

REI has admitted from the get go he has financial interest in the company.

Also, don't you find it funny, that REI NEVER post on any articles except musk ones?

Come on now ami, you are smarter than that.

Re:Who cares.. Seriously?

[Anonymous Coward]

Their goal is not long term at all at this point, it is very much short term, i.e. next quarters profit, if they hit comfortably then all good, if they miss then the shit will hit the fan. you seem incredibly blinkered in your views of them, no offense but you should not mix your rabid fanboy tendencies with investment, that is a recipe for going broke.

Re:Who cares.. Seriously?

[Anonymous Coward]

His world-view is that non-conservatives are stupid and poor and can't afford anything. That if you dislike some sort of oppression, it's nothing but "virtue signalling."

By Neruos

[Anonymous Coward]

Joe R's interview is outstanding. A great insight to someone who is doing so much in so little time.
In the end, he is human, let him be human. Knock off all the shit.
He has changed the world, period.
If he failed in everything now, just doesn't matter, the push has happened.

Re:By Neruos

[arth1]

He has changed the world, period.

For the better?

Re:By Neruos

[Anonymous Coward]

He has changed the world, period.

He hasn't changed anything.

Re:By Neruos

[Rei]

Model 3 does not use 18650s ("laptop batteries"), it uses 2170s. And S & X's 18650s, while a standard format, have a chemistry and structure engineered for battery packs, on a line that only produces them for the S & X.

SpaceX has taken over the lion's share of the entire planet's commercial launch industry. But "meh", right?

Re:By Neruos

[toadlife]

They are a re-purposing of laptop batteries.

That's a bit of an oversimplification.

The "innovation" was in being the first to using Lithium Ion batteries in a production car.

To me, Tesla is pretty much exactly like Apple. They take already mature technologies and integrate in a unique and aesthetically pleasing ways, and cultivate cult-like followings using their dear leader's charisma.

Re:By Neruos

[Anonymous Coward]

To me, Tesla is pretty much exactly like Apple.

-

Other than the fact that Apple is making money, of course.

Re:By Neruos

[Anonymous Coward]

Tesla delivered FACT...

Re: By Neruos

[Anonymous Coward]

These longs don't understand that disruption isn't a business model and that you have to generate enough profit to service your debt, otherwise you're bankrupt.

The company is in massive trouble and you don't need to be a company insider to see it.

Re:By Neruos

[AmiMoJo]

It's interesting that Panasonic has stuck with cylindrical cells for Tesla cars. I read that LG is using flat cells like you find in a phone for their automotive batteries, which seems to have resulted in a lower cost and more efficient cooling system.

I'm waiting for a teardown to confirm. Would love to see a BYD pack too.

Re:By Neruos

[Anonymous Coward]

Aesthetically pleasing? Have you seen a Model 3? It looks like a Kia Forte but more bubbled up on the top. It's honestly hideous.

Re:By Neruos

[toadlife]

Aesthetically pleasing? Have you seen a Model 3? It looks like a Kia Forte but more bubbled up on the top. It's honestly hideous.

Yes, it does indeed look awkward from a few angles.

A friend of mine got one. It was really cool - the interface is definitely Apple-esq in its look and responsiveness, and overall, it was very comfortable, but the ride wasn't any quieter or smoother than my 2014 Chevy Volt.

Re:By Neruos

[Anonymous Coward]

I always thought Teslas looked rather bland from the outside. Not particularly ugly, not particularly attractive, just inoffensive. The interior of a Model S is spoiled by that huge tablet screen. I'm not a fan of Apple as a company, but their stuff generally looks quite nice.

Should would

[Anonymous Coward]

Should would be leaving the company.

If you don't read your own stuff why should we?

Is Elon manipulating TSLA downward?

[Anonymous Coward]

I know some people think he's a smart guy, but he's been doing some awfully questionable and/or dumb stuff lately.

Re:Is Elon manipulating TSLA downward?

[arth1]

I know some people think he's a smart guy, but he's been doing some awfully questionable and/or dumb stuff lately.

For every person that's more stupid than three quarters of the population, there's 25% of the population for which it's true that he's smarter than them. That's an awful lot of people.

Security clearance

[friedman101]

Also, if Musk holds an active security clearance (which is likely considering the work SpaceX does) then he violated federal law by smoking marijuana.

Re:Security clearance

[Anonymous Coward]

The Air Force just revoked his security clearance and canceled all contracts with space EX.

Re:Security clearance

[Anonymous Coward]

Also, if Musk holds an active security clearance (which is likely considering the work SpaceX does) then he violated federal law by smoking marijuana.

ANYONE who smokes pot in the U.S. is in violation of federal law, whether they have a security clearance or not. Duh!

Re:Security clearance

[Rei]

Sometimes I don't know if you shorts get things wrong through deliberate FUD, or just a really bad game of telephone. Because your (incorrect) initial rumour was "The Air Force is considering revoking Musk's security clearance", but that's apparently already morphed to "has just revoked his security clearance and canceled all contracts". The latter BTW having nothing to do with Musk's security clearance regardless.

But for those who actually care? Even the initial claim was wrong. "Reports that Musk security clearance under review are inaccurate: U.S. Air Force".

Re:Security clearance

[110010001000]

Those silly shorts. They keep using Slashdot to drive down the stock. We all know that investment houses read Slashdot for investment advice!

Re:Security clearance

[rmdingler]

Those silly shorts. They keep using Slashdot to drive down the stock. We all know that investment houses read Slashdot for investment advice!

That would, at least partially, explain the Bitcoin debacle.

Re:Security clearance

[110010001000]

I use my Bitcoin profits to buy Tesla stock.

Re:Security clearance

[K. S. Kyosuke]

Also, if Musk holds an active security clearance (which is likely considering the work SpaceX does) then he violated federal law by smoking marijuana.

So he violated federal law four times that day instead of the usual three times?

Re:Security clearance

[rmdingler]

Heh heh.

Rothschild himself couldn't implement a better investment strategy.

Re: Security clearance

[Anonymous Coward]

Please don't take this the wrong way, but you seem as unhappy and lonely as that creamer guy. Go out and get some exercise. Walk to a bridge and look around. Maybe dive in for a swim.

Re:Security clearance

[Major Blud]

With all the mud being slung at anyone who questions Tesla on Slashdot, you'd think that 9 out of 10 posters were shorts.

Re: Security clearance

[Anonymous Coward]

Why because he's telling the truth? LUL

The end is nigh.

[Anonymous Coward]

The Titanic is going down and fast. Watch the stock sink even quicker for Telsa and go bust by the end of this year?

Re:The end is nigh.

[Ungrounded Lightning]

Watch the stock sink even quicker for Telsa and go bust by the end of this year?

Or watch the stock dive 'way down, watch Elon buy much of it up with the money he's already cashed out, and end up with a LOT less of the company owned by others.

Is he crazy like The Mad Hatter, or like a fox?

Re:The end is nigh.

[Anonymous Coward]

Neither. He's crazy like Gary Bussey.

Re:The end is nigh.

[denzacar]

Indeed.

First thing that came to my mind reading that "Funding was not secured, the price of $420 was not based in reality" anonymous coward quote in the summary was - "What about a price of $240 then? Or about? Is there funding secured for THAT price?"

Cause, thanks to the timeline, he can now just turn around and point his finger at SEC.
"You caused this, with that talk of an investigation, not me.
In fact, I think of suing you for devaluing my stock and losing me and my shareholders billions."

Re:The end is nigh.

[quantaman]

Watch the stock sink even quicker for Telsa and go bust by the end of this year?

Or watch the stock dive 'way down, watch Elon buy much of it up with the money he's already cashed out, and end up with a LOT less of the company owned by others.

Is he crazy like The Mad Hatter, or like a fox?

1. Cash out when the price is high.
2. Start acting erratically and tank the value of the stock.
3. Buy back in at the much lower price.
4. Go to prison because that sounds REALLY sketchy and probably illegal.

Re:The end is nigh.

[Anonymous Coward]

Suing regulatory agency for doing they work? Good luck. It's like criminal suing judge for lost profits after his 10 years in jail.

Re:The end is nigh.

[BeanThere]

Yes, a market-leading company with a high-quality product and robust sales is just about to go bust, right:

https://www.cnbc.com/2018/09/0...

Generally, investors aren't stupid enough to think smoking a bit of weed in the context of an informal media interview has any serious implications for the future of the company however, if the stock is under pressure, it's far more shareholders are responding to things like legitimate market news of actual new competition:

https://www.highsnobiety.com/p...

But of course the average Slashdot reader focuses on things like the weed, and doesn't even follow such actual market news. Investors are generally much better at looking at what really matters.

Re: The end is nigh.

[Anonymous Coward]

No. They are responding to 2 executives leaving the same fucking day.

Re:The end is nigh.

[drsquare]

It doesn't matter how high-quality the product is (hint: it isn't, Teslas are famous for poor build quality), or how robust the sales are (hint: they're not, they have unsellable cars parked up in the desert that anyone can walk up and buy), if you can't make money selling them.

Tesla loses money on everything they do, they're low on cash and have big debt repayments coming up. Suppliers are putting liens on them.

Re:The end is nigh.

[Anonymous Coward]

I'll give you "robust sales" because of the waiting list, but I'm not sure "market-leading" or "high-quality product" are accurate assessments. A quick googling suggests that there are around 3 million EVs and that Tesla has produced 300k of them, tied with Nissan's Leaf.

Interestingly, it also appears that China has the most EVs on the road of any country.

https://www.tdworld.com/distribution/number-electric-cars-rises-2-million-more-3-million

Fucking hell!

[aaarrrgggh]

AstroTurf somewhere else. The “most damaging” thing has nothing to do with pot. We have a “blue chip” stock that is run like a startup.

Re:Fucking hell!

[Type44Q]

We have a âoeblue chipâ stock that is run like a startup.

It's run like the right startup.

missed a contraction yo

[Anonymous Coward]

"Tesla's human resources chief Gaby Toledano also announced that should would be leaving the company after taking a leave of absence last month. "

Should be
Tesla's human resources chief Gaby Toledano also announced that sh'ould would be leaving the company after taking a leave of absence last month.

You may be correct BUT

[Anonymous Coward]

Actually...

I was at KSC a couple years ago, SpaceX was using same launch room as Apollo 11 used. They were in the process of setting up a site just off of the base where they could bring in workers without clearance to help with the launches. The large part of Launch room 1 was split into 4 smaller rooms, Space X had just gotten a large shipment of PCs into it. ULA was using at least one of the other 4 rooms. Neither was happy because the dividing walls didn't go to the ceiling so you could easily hear from one room to the other. It required security clearance to walk in that building at the time, I was on a tour with cleared individuals (Firing Room tour if they still have it, its great!)

So, you are actually correct, BUT Musk is actually working towards a solution that only those that have to actually touch the rockets have clearance and no one else needs to. This is 2 year old information, so I can't be sure they are still working on that path or if they made significant progress on it.

Re:

[Anonymous Coward]

Not if he didn't inhale

NOT JUST 'WEED' BUT 'WEED' AND 'BACCO!

[Anonymous Coward]

It was a blunt (watched a few cop shows to know that's a thing, then looked on bing to see what that was) filled with maryjane and kool tobacco.

Re:NOT JUST 'WEED' BUT 'WEED' AND 'BACCO!

[Anonymous Coward]

It was a blunt (watched a few cop shows to know that's a thing, then looked on bing to see what that was) filled with maryjane and kool tobacco.

.
.

A "blunt" is how porch monkeys who feel like actually doing something make sure they continue being worthless pieces of subhuman garbage.

Smart People

[rmdingler]

List of Data Breaches (that do not include Paypal) where customer's personal and credit card information were taken.

Or. Like you might explain it to a 5 year old: "Little Jimmy... You can hide your entire collection of transformers somewhere on the playground, and tell one trusted friend where they are, or the entire class. Which would you choose?"

Plunges? No

[110010001000]

It didn't plunge. The stock might be down a bit now, but think of it as being on sale. One analyst recently analyzed that the stock will be worth $4000 per share. I tend to agree. EVs, batteries, solar and green energy are the future.

Re:Plunges? No

[Anonymous Coward]

That analyst has clearly also been imbibing of the devil's parsely.

According to my well trusted anal-yst the stock will be worth over 9,000.

Re:Plunges? No

[ooloorie]

I tend to agree. EVs, batteries, solar and green energy are the future.

They are. But so far, the company has benefited from tax breaks and subsidies and never operated in a competitive environment. It's questionable whether they will actually be able to deliver a competitive product once the subsidies go away and these technologies become mainstream.

Re:Plunges? No

[drinkypoo]

"But so far, the company has benefited from tax breaks and subsidies and never operated in a competitive environment."

The same tax breaks were available to the competition, you know, GM and Nissan? Who have both been producing EVs which compete with Tesla's vehicles? Who in fact have the most-sold EVs in the USA?

Re:Plunges? No

[ooloorie]

Yes, other companies have had the same tax breaks available, but that's not what I'm getting at.

What I'm getting at is that Tesla has never had to produce EVs, batteries, solar, and green energy components that are competitive with traditional technologies in a free market.

Re:Plunges? No

[drinkypoo]

Yes, other companies have had the same tax breaks available, but that's not what I'm getting at.

Oh, so you're creating your own definition? Let's see what that looks like.

What I'm getting at is that Tesla has never had to produce EVs, batteries, solar, and green energy components that are competitive with traditional technologies in a free market.

Oh, I see, your definition of a "Free market" is that one source of energy (fossil fuels) gets to ignore all of its externalities. That's nonsense, of course. EVs have been operating at a massive disadvantage even with these subsidies, because the fossil fuel energy providers simply get to ignore the bulk of their pollution. Meanwhile, fossil fuels also get direct subsidies, like research grants.

Re:Plunges? No

[ooloorie]

Oh, I see, your definition of a "Free market" is that one source of energy (fossil fuels) gets to ignore all of its externalities. That's nonsense, of course. EVs have been operating at a massive disadvantage even with these subsidies

What do you think EVs are powered by? Unicorn farts? The primary power source for EVs is fossil fuels.

Re:Plunges? No

[drinkypoo]

EVs are powered by the grid which contains energy from a mix of sources, and even when it is 100% non-renewables they are still cleaner than ICEs due to efficiency and regeneration. But you knew that, troll.

Re:Plunges? No

[ooloorie]

EVs are powered by the grid which contains energy from a mix of sources, and even when it is 100% non-renewables they are still cleaner than ICEs due to efficiency and regeneration.

So we have dispensed now with your bogus argument that "one source of energy (fossil fuels) gets to ignore all of its externalities", since both EVs and gas powered cars largely use the same source of energy. Since both rely on fossil fuels for their manufacture and operation, they both are subsidized at about the same rate (if anything, since gas is taxed more than electricity, EVs are subsidized at a higher rate).

Rei is #1 Musky fanboi

[Anonymous Coward]

There is no level of unpandering, only more pandering.

Re:Rats leaving a sinking ship ...

[Anonymous Coward]

Eh I've seen just the interview pic, not watched the video.

He reminds me of my favorite movie star, Edward Furlong. Haven't seen a movie starring him in this century, I think I know there are some but I don't care. The good thing is I don't have to care, and he doesn't give a shit about me. yet I like the guy. Maybe all his fingers are middle fingers. Have your liver checked Ed, just in case.

ElOn MuSk

[Anonymous Coward]

SmOkInG lEgAl WeEd Is BaD, dRiNkInG lEgAl WhIsKeY iS gOoD

but it is pot

[iggymanz]

The problem with pot, and with potheads, is that pot will make you feel like you've written that operating system, composed that magnum opus, painted that masterpiece, or made your electric car company profitable...all while you haven't done a goddamn thing but sit around with your body odor drawing flies.

If you're a 66 year old retired person needing relief from aches and pains, that's fine.

If you're a the executive of a multi-billion dollar company that has year to turn a profit, it's big trouble.

This is the epitomy of pothead behavior and issues and failure. I've some pothead relatives, I know what I'm talking about.

Re:but it is pot

[Anonymous Coward]

I suppose you would call Richard Feynman a failure as a physicist as well? I bet you never even tried it. Just because your siblings are losers doesn't automatically imply other people who smoke weed are in the same category. I'd say Musk is doing a pretty fucking amazing job of changing the world around him.

Re:but it is pot

[iggymanz]

You're misinformed. Feynman *briefly( experimented with LSD, MJ and ketamine. He's an example of a non-user.

It isn't just my pothead relatives, it's the coworkers, neighbors, friends who are in the same pot rut.

There are some exceptions, but by and large potheads are losers, for the reasons I gave.

Musk is changing the world by pissing away money unprofitably.

everything he's doing will be done better, and and profitably, by other companies. The big car makers will make better electric cars that are more affordable and have better performance, at a profit. That's just one example.

Re: but it is pot

[Anonymous Coward]

These comments are making me want to start smoking pot again.

Re:but it is pot

[Anonymous Coward]

Surely it couldn't be that you are equally as much of a nobody and a loser? and that's why you keep seeing so many losers, and the only difference is that "they did smoked a weed plant" and you did not? and yet *still* you are an ordinary, boring piece of shit at the bottom rung of the ladder? with all these losers in your immediate vicinity? And you just have no idea what it's like to be an interesting person, surrounded by exceptional people and maybe some quality fishscale because you're not a compleat bitch IRL? and how nobody would invite such an uptight faggot to anything cool, ever, anyway

Re:but it is pot

[Anonymous Coward]

fuck off you stupid faggot you have never even seen a cunt except all pixelated

Re: but it is pot

[Anonymous Coward]

Now all I can think of is "Minecraft themed vajazzle"

Re:but it is pot

[angel'o'sphere]

Perhaps you should at least try it once, before making such gross claims.

Re: but it is pot

[Anonymous Coward]

So said bitter angry pot head who flunked out of a good school due to his new pot habit and now lives at home and works at Starbucks.

Dont be angry at others because you destroyed your future with drugs.

Re: but it is pot

[Anonymous Coward]

Thanks, that cleared it. I'm not sure which was worse, the creeper or the carved pumpkin.

Re:but it is pot

[iggymanz]

sounds like pothead spew to me.

I'm enjoying my life and am happy with those things I've been able to accomplish

Re:but it is pot

[iggymanz]

Perhaps I should observe a bunch of users and generalize what is accurate about 80% of them.

Oh wait, I have for many decades.

Sure, some people can use it and achieve things, but for most, 8 out of 10, no.

Re:but it is pot

[angel'o'sphere]

I probably know hundreds of such users, and only accoutered one who has problems. But well, he is a mad israeli (jew obviously) smoking half a chocolate bar per day and working as a director in a theatre ... no idea which part of his heritage or lifestyle makes him "mad" ...

This guy has lost it

[gweihir]

And seriously so. I do hope Space-X survives, space-tech has been stagnant for far too long.

Re: This guy has lost it

[Anonymous Coward]

The good news is that it's likely to be sold when Musk's other businesses go bankrupt due to his gross incompetence and mismanagement.

Considering how far it is. I suspect that Blue Origin will likely but it from bankruptcy court.

To ANY & ALL naysayers of Mr. Musk... apk

[Anonymous Coward]

See subject: You WISH you were him, no bullshit.

* ... & you KNOW it...

There is a tale about Generals telling Lincoln that General Grant was a drunk etc. & he asked them "What does he drink?" & @ Christmas, he sent them EACH a case of that telling them "You ought to be MORE like General Grant".

APK

P.S.=> To quote Forrest Gump (of ALL people)? That's ALL I have to say about that since not only does the guy have real accomplishment & MORE IMPORTANTLY, drive, he has BALLS (telling the system "go fuck yourself I am WHO I am")... apk

Re:To ANY & ALL naysayers of Mr. Musk... apk

[Anonymous Coward]

But Grant, Musk, and Lincoln all actually accomplished something. You on the other hand are just a retarded antisemitic racist (we've all seen your hate of chinese and mockery of them) who can only manage to cobble together a slow bloated file aggregator which is a throwaway problem from a highschool introductory programming class.

Let's get it right.

[Ungrounded Lightning]

People are pulling out of the market because Elon lies to manipulate shareholders and cost them billions and that has become even more obvious.

I don't have any reason to support Musk, but when flaming him let's at least get it right.

What he's being investigated for is not alleged lying to cost stockholders billions.

What he's being investigated for is alleged lying to cost stock traders - possibly stock manipulators, billions. Stock traders and hypothetical manipulators who DIDN'T own any stock, BORROWED and SOLD a bunch in the expectation that it would drop, some of whom apparently hired, through cutouts, a bunch of trolls to talk the stock down.

So when he said (unfortunately for him, without cutouts) that they might be going private and the stock shot up, the people who sold the borrowed stock were stuck having to buy some back at a HIGHER price than they sold it for (which is what you risk if you sell a stock short), but the people who actually owned it were just fine.

So the shorts closed out some short positions and took a big loss. Then, since Musk said that in a way that COULD be traced to him, they were able to sue him for the losses and complain to the SEC, getting it to start an investigation. THEN the stock DID start to tank, and the people who owned it DID take a loss.

But I wonder: Did the shorts actually close out all their short positions? Or are they still net short on Tesla - especially if you count, not just their direct holdings, but also all the investments of the web of companies and financial instruments in which they hold some interest?

Seems to me that, if they still have a short position, getting an SEC investigation going and/or announcing and filing a suit for billions would be just the sort of manipulation that they are claiming Musk was up to. Hold a short, file a suit, talk it up. Maybe switch to long and then settle and announce the settlement. And so on. (Always through cutouts, of course.)

IMHO anybody who sues over stock manipulation should have no net position (outside of a truly blind trust) in the stocks or other financial instruments whose performance might be affected by news of the suit and/or its progress.

A good move for Musk might be to investigate the plaintiffs, see if they might have had a net short position when they filed and/or announced their suit and/or complaint, whether they profited by it, and if so counter-sue, get it on record, and maybe not just get out from under but suck a few more billion out of them and into the company. (This would also establish the precedent of "gotta divest before you sue or you're manipulating", if it isn't there already. I am not a financial type or a lawyer.)

In the interest of full disclosure:
  - I have no direct financial position, short, long, bond, etc. in Tesla (or other Musk enterprises).
  - I don't know if any of the funds in my retirement plans might have a position ditto.
  - As far as I know, neither my company nor any in which I have a financial interest (again, outside of any retirement plan funds), are currently engaged in any business or other relationship with Tesla, etc.

Re: Let's get it right.

[Anonymous Coward]

Tl;dr summary of parent post:
Tin.
Foil.
Hat.

Re:Let's get it right.

[quantaman]

IMHO anybody who sues over stock manipulation should have no net position (outside of a truly blind trust) in the stocks or other financial instruments whose performance might be affected by news of the suit and/or its progress.

If you think they're jacking up the price through misrepresentation you should have sold already since the stock is overvalued so your pointless.

If you believe the CEO is deliberately tanking the stock price you're asking the plaintiff to take a major loss since they're selling the stock for far less than it's worth so your policy is forcing the plaintiff to take a big loss just to file the suit.

I recognize the conflict of interest... but I don't think your policy is a good idea.

Re:Let's get it right.

[AmiMoJo]

Are SEC investigations something a trader can start? I thought they were independent and decided to investigate Musk on their own.

Re: Let's get it right.

[Anonymous Coward]

You know, after Snowden I thought the tin-foil-hat commenters would be a lot more careful and not say tin-foil-hat to someone explaining business-as-usual.

Re: Let's get it right.

[Anonymous Coward]

Yeah, poor Elon is such a victim because all those short sellers can read Tesla public financial statesments, determine mathematically the company is fucked and used that public knowledge to make money. Boo hood hoo, even basic business accounting is out to get poor Elon!

Re:Let's get it right.

[Daralantan]

they were able to sue him for the losses

...

Did the shorts actually close out all their short positions? Or are they still net short on Tesla

....

Seems to me that, if they still have a short position, getting an SEC investigation going and/or announcing and filing a suit for billions would be just the sort of manipulation that they are claiming Musk was up to. Hold a short, file a suit, talk it up.

Hell, I remember the day after (or maybe even the day *of*) the going private tweet, I saw an article about a bunch of short sellers banding together to sue him for causing them to "suffer financial damages."

Re: Rats leaving a sinking ship ...

[Anonymous Coward]

Sadly, like Trump, I think we are witnessing the slow mental breakdown of someone who can't handle the position and pressure they are under. Sad at a personal level, but hilarious from the sidelines!

Re: Elon/Rei pissing in the wind...

[Anonymous Coward]

That will only get you wet but whatever works for you!

Dude, I agree.

[Snufu]

But you need to relax. Here, smoke this.

Two vacant executive positions already filled

[Snufu]

Musk: "I'd like to introduce the two newest members of our Tesla leadership team, Mr. Marin and Mr. Chong."

That would be a European country, not a company

[raymorris]

$4,000 / would be sixteen times the size of the largest car companies in the world.

Here's the reality:
Volkwagen revenue S$268 billion
Toyota revenue $261 billion
Daimler revenue $164 billion
General Motors revenue $146 billion
Toyota revenue $138 billion
Telsa revenue $11 billion

Tesla would need to grow ten times larger just to become a significant car company (though still not in the top 5). If they are phenemonally successful, it will justify a stock price of $80.

Re:That would be a European country, not a company

[Anonymous Coward]

$4,000 / would be sixteen times the size of the largest car companies in the world.

Here's the reality:
Volkwagen revenue S$268 billion
Toyota revenue $261 billion
Daimler revenue $164 billion
General Motors revenue $146 billion
Toyota revenue $138 billion
Telsa revenue $11 billion

Tesla would need to grow ten times larger just to become a significant car company (though still not in the top 5). If they are phenemonally successful, it will justify a stock price of $80.

Why do you list Toyota twice?

It's boring

[Anonymous Coward]

People always make a big deal out of jack shit. It's really boring hearing about Tesla and Elon Musk. I don't give a shit if the man smoked weed. He clearly wasn't even inhaling. Fuck Tesla stock, and stop talking about Elon Musk. Aren't there other things happening in this world? Boring ass, fucks.

A BLUNT is a cigar split and loaded with reefer

[Anonymous Coward]

Bottom fuckin' line. I smoke a blunt as I write this. Just wanted all of you who are obviously unclear on what blunt is there you go. Quit saying joint.

Re:A BLUNT is a cigar split and loaded with reefer

[ebvwfbw]

Just add some embalming fluid to it. Not too much. I know a guy that tells me that's great.

This is the same bluestrat cunt that doesn't know

[Anonymous Coward]

fascism from socialism?

Mixed with tobacco, didn't really inhale

[n3r0.m4dski11z]

Story over.

Any weed smoker knows that that toke was pathetic. A non stoner would cough, had they actually inhaled.

Musk's judgement is seriously faltering

[Anonymous Coward]

Smoking weed may well be "legal" in California, in so far as the state will not prosecute, BUT it's still a federal crime, and the guy did it on video.

Musk should know better. I don't care much one way of the other about Tesla or Solar City, but the Boring Company and SpaceX are IMHO vital to the nation's future and Musk has some serious enemies in these areas. In SpaceX, Musk has made a very visible and devastating point about the high costs and lack of innovation of the traditional fat-dumb-and-happy defense contractor sector; Boeing and LockMart are constantly looking for ways to knock him out so they can return to overcharging the taxpayers with cost-plus contacts. With the Boring Company, Musk threatens to undercut the current providers of mass transit and rail services and also to run vast transport networks that do not require the purchase of surface-level real estate and right-of-way contacts. All these traditional interests have billions of dollars on the line and Mush has just given them another tool to use against him: he is on video committing a federal crime [facepalm].

Dumb move Elon. Are you TRYING to screw up so badly that your companies will only be able to move ahead without you??? Anybody know how long it's been since the guy took a real vacation?

Oh man...

[MICHICAUST]

It is a very sad state of the world, indeed, when Musk's weed smoking has any such negative impact.

if you're connected enough, yes, you can.

[Anonymous Coward]

And it's more politically connected, especially with all parties, practically, being coproratists. Corps get access. And the politicians get access. And both will push for your goals if you are connected to a lot.

Tesla, like Google, were not playing political monopoly and so have both been badly mauled by competitors trying to shut them down.

Re:Rats leaving a sinking ship ...

[Anonymous Coward]

Of course you were modded down by the fanatics but you are speaking truth here. Musk needs to retire and spend the rest of his life doing normal rich people stuff like buying yachts. His personality isn't suited to the Branson style of active involvement in activities/investments.

Sometimes genius is bad

[Anonymous Coward]

Sometimes being a genius is bad because your unable to keep your hands off stuff you know nothing about like manufacturing lots of cars in a short time.

So, let me get this straight?

[gerald.edward.butler]

Investors are worried about some fucking worthless HR Executive (whatever the fuck that is supposed to be) leaving the company? What a bunch of fucking losers. Who the fuck cares? Why the fuck is HR even an "executive" position? This is just more "Business School" and "Failed Psychology" bullshit that needs to die. Fuck that. Not one successful business was ever built by fucking worthless "Management", "HR", and "Psychology" worthless pieces of shit. Take them all and bash their heads in with a hammer and we'd all be better off. Musk has "Built" something. Let him smoke some fucking weed and decompress and stop being a bunch of worthless fucking pussies!

Re: So, let me get this straight?

[Anonymous Coward]

????????. You are off the hinges my friend.
What's more telling, is that his FINACIAL officer left, but you didn't want to mention that.

Re: So, let me get this straight?

[gerald.edward.butler]

Oh noes, we need to hire a new accountant.....world is ending.....aaaaaahhhhhh! BS.

it's a distraction. he knew what he was doing.

[gl4ss]

yeah the correct answer is "yeah, so?"

you think he didn't know the brass was leaving? now he can blame the stock drop on this and up play this while the situation cools down.

the real questions are: is model 3 profitable? why nobody wants to sign off on your bookkeeping shenigans? have you learn't anything about using twitter as an official way to communicate news that affect stock price, since you're banning people?

do you know how big of a crock it was to just casually announce all stocks being worth 420 - and now they're sub 300?

My favorite part about this

[Daralantan]

Is how heavily any negative thing with Tesla is pushed, so I see tons of articles about this suddenly flooding everything. Google knows I've looked up Tesla a few times, so my phone suggest news about Tesla.... I open up the cards to see what shows up and every other card is a shot of Musk with smoke all around and titles like this or: "Unworried about company future Elon Musk is smoking weed on podcasts," etc. Some other article said something like: "Musk shows he has even more drug issues as he smokes weed."

Just like Clinton

[Colourspace]

The (admittedly) short clip I saw showed him pulling on the joint and immediately exhaling from his mouth. Didn't look like it went anywhere near his lungs. Amateur!

I was on the fence about the guy...

[Anonymous Coward]

I really was not sure about Musk, but the interview was fantastic, and it felt so relatable and honest. I've really gained a lot of respect and trust in him now. I felt his speech patterns reminded me of autistic kids I work with but we all know that is no reason to dismiss anyone's intelligence. Musk is too smart for what we expect of big business and he appears to have incredible ethics that operates beyond what others are able to have due to their responsibilities or whatever. I will certainly be taking far more notice of his work now. I'm hoping now people will give him the benefit of doubt as he has no reason to be the monster some make him out to be. When he succeeds I fully believe he will not rub it in either or hold it against people. A role model for men, frankly.

Re: Elon/Rei pissing in the wind...

[Anonymous Coward]

Your mom's vagina got my fingers all wet

Honda. Second one should be Honda

[raymorris]

The second line that says Toyota should say Honda, I believe

Laid back

[Tony Isaac]

Rogan manages to pick Musk's brain in great detail and in a refreshingly laid-back manner

Yeah, I'll bet he was laid back. That's the influence of the pot he's smoking.

Too bad pot has side effects that aren't so good for business.

Re:Laid back

[eaglesrule]

Or the whiskey they'd been sipping on for the entire podcast. Being buzzed was probably the reason for it.

Arranging the deck chairs on the Titanic

[ebvwfbw]

Unfortunately Tesla is done. They have big notes due in January, seems to me around 900 million and they'll need about 200 million more than that to stay solvent. Otherwise it seems a sure thing that they will default in January. The Darth Vader management style. Guys like Musk are known for being able to pull a rabbit out of a hat. This would be some rabbit. He has 3 months, maybe 4.

Don't buy stock in a company that's going bankrupt. You could end up with nothing. Especially if you get greedy.

More interested in a Tesla

[renegadesx]

That interview made me more interested in buying a Tesla not less. Investors are weird.