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Popular Mechanics Defends Elon Musk -- While He Tweets About Fortnite (popularmechanics.com)

The November issue of Popular Mechanics includes a message from its editors that Elon Musk is "under attack," arguing that while some criticisms have merit, "much of it is myopic and small-brained, from sideline observers gleefully salivating at the opportunity to take him down a peg." But what have these stock analysts and pontificators done for humanity? Elon Musk is an engineer at heart, a tinkerer, a problem-solver -- the kind of person Popular Mechanics has always championed -- and the problems he's trying to solve are hard. Really hard. He could find better ways to spend his money, that's for sure. And yet there he is, trying to build gasless cars and build reusable rockets and build tunnels that make traffic go away. For all his faults and unpredictability, we need him out there doing that. We need people who have ideas. We need people who take risks.

We need people who try.

The magazine includes statements from 12 high-profile supporters, including investor Mark Cuban, who writes "When you invest in a company run by an entrepreneur like Elon, you are investing in the mindset and approach that an entrepreneur brings to the table as much as you are valuing the net present value of future cash flows. That is not typical for public companies that are overwhelmingly run by hired CEOs. My advice for Elon is simple: Be yourself. Be true to your mission. Respect your investors. Ignore your critics."

Meanwhile, in a Friday post on Twitter, Musk jokingly claimed that he'd purchased and then deleted the game of Fortnite, posting a doctored Marketwatch article quoting him as saying "I had to save these kids from eternal virginity."

"Had to been done," tweeted Musk, adding "ur welcome".

19 of 139 comments (clear)

  1. I fully agree by fferreres · · Score: 4, Interesting

    I feel exactly that way about Elon Musk. I don't care about his defects shown so far. They are absolutely expected. I'd buy his company stock in small amounts just to stand where I speak. And if any goes bankrupt, I'd gladly share the weight of what I put. But to try to make him step down, feels like s*****d Apple when they fired Jobs for a "stable proven guy"...nothing got invented. Actually, Apple is still riding Jobs' waves and has done very little if nothing to invent anything that will change how we live or work, otehr than what was already started.

    --
    unfinished: (adj.)
    1. Re:I fully agree by Anonymous Coward · · Score: 2, Insightful

      And it's not like he's wrong about Fortnite.

    2. Re:I fully agree by JaredOfEuropa · · Score: 4, Insightful

      If he makes good, innovative products for which there is a clear demand, and at some point manages to turn a profit, then I should be happy to invest in his companies and let him call other people whatever he wants. I'm not one of those douchebags who thinks just because someone is a public figure they are not allowed to have a temper, or a bad day. I'll take authenticity over carefully groomed but deeply fake media personae any time, even if the person in question is sometimes behaving like an authentic douche.

      With that said, all my money is in real estate...

      --
      If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
    3. Re:I fully agree by hey! · · Score: 4, Insightful

      My wife asked me the other day whether I thought Kanye West might not be right in his head. This is what I said to her: West is a talented, intelligent, driven individual who rose from comfortable but modest beginnings to astonishing levels of professional success. Life experience has not taught him to be humble, hasn't even shown him the need for it.

      There's a word for that, it's called "arrogance", but a lot of people who have it are really extremely capable people. Until fate gets around to humbling them, if it ever does, what reason would they ever have to doubt themselves? Naturally people like that sound a little unhinged; they're living in a different reality than you or me.

      I think Musk fits this mold. If a bus were to hit him tomorrow he'd go down in the history books as the most significant tech entrepreneur of our age; where as Bill Gates made a fortune catching the PC wave, Musk actually drove change in a way that Gates never did. Why wouldn't Musk believe he can do anything just through sheer force of will? If he weren't a bit of an egotist he'd never have tried any of the things he's known for.

      But his overblown reaction to the Thai cave rescue operation not needing him, personally, exposed Musk as, well, kind of a dick. But be honest: you'd probably be a dick too.

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      Post may contain irony: discontinue use if experiencing mood swings, nausea or elevated blood pressure.
  2. Shaw. by Anonymous Coward · · Score: 3, Interesting

    "The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man."

        - George Bernard Shaw

  3. Re:Fortnite is free to play by Anonymous Coward · · Score: 2, Informative

    He bought the joke, put it into a SpaceX rocket, and launched it into LEO above your head.

  4. Re:Taxpayer funded by JaredOfEuropa · · Score: 4, Insightful

    He seems to be getting there. SpaceX is doing reasonably well, arguably on government money but coming from government contracts rather than subsidies, and offering a real value: Uncle Sam is saving money on those contracts. As for EV's... I don't think that market - meaning all auto makers, not just Tesla - would be where it is today if it wasn't for those tax breaks. Perhaps tax breaks are necessary to kick-start certain markets... I'm all for that, as long as those subsidies are doled out equally, and end at some point.

    Here's hoping that Tesla can get over the financial hump, they've pulled out all the stops to meet important targets, but next 2 quarters are going to be make or break, and Musk will have to show that they can not only reach the current production (and distribution) levels, but sustain them as well, while turning to a positive cash flow.

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    If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
  5. They call me a fanboi. by 140Mandak262Jamuna · · Score: 4, Insightful
    It is an American car company giving run for their money to the Germans. Audi and BMW and MB are beaten in their performance car game.

    He failed to deliver on his promises. True. The goal was so over the top, what he did deliver is way above other car companies delivered.

    He showed what a no compromise electric car can do, how it will drive, how it would feel and how great it would be. That genie is out of the bottle. No body can put it back in. No ICEV can compete with a EV.

    And the party is just starting. The batteries are getting cheaper, energy density is getting higher. While ICE is fully optimized and there is nothing more you could squeeze out of an internal combustion engine.

    In an EV, you can have two or four motors mechanically decoupled and electronically controlled. What such a car can do, no way an ICE can do.

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    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    1. Re:They call me a fanboi. by JaredOfEuropa · · Score: 2

      The big auto makers only starting doing so because Musk was eating their lunch. And for all the crying about Tesla missing production targets, they are still dominating the market. Other brands are starting to get wise to the fact that people want normal looking EVs with some range to them, and only now are we seeing some models like that hit the market. In numbers that are nowhere near Tesla's current production volume, I might add.

      Am I a fan? Hell yes. I still ordered a Hyundai Kona EV instead of a Model 3, just thought it'd be a better car for me... but the waiting list for the Kona is longer than for the 3 now, due to the fact that they only make a handful of them.

      --
      If construction was anything like programming, an incorrectly fitted lock would bring down the entire building...
    2. Re:They call me a fanboi. by 140Mandak262Jamuna · · Score: 4, Insightful
      He is making a profit. The first German tear down put the cost of Model 3 to be 28K in parts and labor at 10K/week production rate. That shocked the industry.

      The Monroe teardown is pricing it at 33,500$ for the 49K car. Monroe is very critical, it says any other car company making the body using traditional methods would make it 2000$ cheaper. He says, despite squandering 2000$ on inefficient body design, Tesla is so far ahead on the electronics part, and the battery part, it is enjoying a positive gross margin of nearly 30%. He says the 35K version also will be profitable.

      Tesla is also paying down enormous R&D cost, factory depreciation and loan payments. So the net margin is negative and the company is making loss because of that. But people casually say, "Tesla is losing money on every sale" indicating a negative gross margin. That is not true. All the cars, S, X and the 3 have positive gross margins.

      I got mine for 50K. It is not a toy for the rich. It is a nice car for the moderately affluent. The median new car price is 35K. 50K is probably 80th percentile. 20% of all new car buyers can afford a Tesla model 3. He may not make too many 35 K model 3s. He will deliver enough for the original reservation holders. But the car being so hot, as long as people are willing to pay a premium he will, and he should sell the higher end versions.

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      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    3. Re:They call me a fanboi. by 140Mandak262Jamuna · · Score: 3, Insightful

      The big automakers were waiting for Tesla to die so that can continue business as usual. They terribly underestimated the potential of the electric car.

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      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    4. Re:They call me a fanboi. by theskipper · · Score: 2

      Hmm.

      "Some service employees said they were surprised to learn that when they sent mechanics to help out with "bursts" to build new vehicles in the Fremont factory, their time was billed either to "training" or "research and development," rather than service or vehicle assembly. "

      https://www.cnbc.com/2018/10/1...

    5. Re:They call me a fanboi. by iggymanz · · Score: 2, Informative

      No, Tesla is not making a profit. The financials are public, look at them.

      2018 Q2, $520 million loss on revenue of 4 billion.

      You Musk/Tesla shills are unbelievable, denying reality.

  6. Legacy car maker vs Cell phone makers. by 140Mandak262Jamuna · · Score: 4, Insightful
    The traditional car making is a very stable business. All major efficiency breakthroughs have been achieved already. All the manufacturing improvements are mostly done. Prices are stable. Metrics are stable. Power/weight ratio of ICE, MPG vs curb weight, ... all are stable and the improvemens are coming at the rate of a percent of two per year. They are used to 4 years cycles of design. One year of tooling. 5 years from drawing board to production. No unexpected breakthroughs expected in the five years.

    Cell phones, laptops, Tesla are operating where you cant design for today's metrics. You need to predict the processor speed 18 months from now and design the phone. You need to anticipate the bandwidth increase expected in 12 months.

    An EV's most critical metrics are energy density Kg/kWh of the battery and price $/kWh of the battery. Elon, in his famour 2006 "secret" master plan calculated a 7 year half life for these two critical metrics. The energy density will double, and the price wil halve every seven years. Sort of like Moore's law of batteries. Tesla is designing, building and pricing the cars based on that model. In 2012 for the Tesla Roadster, the battery cost was 270 $/kWh. Model 3, battery is 130 $/kWh (Tesla's claim) 140$/kWh Monroe's tear down. It is following the expected path. Tesla says it is going to hit 100 $/kWh sometime in 2019. That is the figure when the EV and ICEV will cost the same off the dealer's lot. Battery + motor cost = engine+transmission+emission control+fuel tank cost.

    The legacy car makers are not used to engine manufacturing cost going down by 50% in 7 years. Nor the weight of the power train falling by 50% between drawing board and production.

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    sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    1. Re:Legacy car maker vs Cell phone makers. by 140Mandak262Jamuna · · Score: 2
      All the safety standards, anti lock brakes, backup camera, airbags are mandatory for the EV too. Only break they get is in the emission controls. Because they dont emit pollution where the car is used. You can argue they merely outsource pollution to a distant location. On the other hand utilities are better equipped to handle pollution mitigation and you dont really have lug the anti-pollution devices around in your car.

      We will not give any break and reduction in pollution standards. If ICE can't meet it, it can die. It is no big loss. Getting rid of diesel and gasoline vehicles will do wonders top world peace. We will stop pumping a trillion dollars to the middle east. Once the money is gone, they will calm down and sort it out in some fashion among themselves. Even if they, don't we dont have to care. That alone is reason enough to kill the ICE vehicles. Even if it costs more to use battery vehicles.

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      sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
    2. Re:Legacy car maker vs Cell phone makers. by sinij · · Score: 2

      We will not give any break and reduction in pollution standards. If ICE can't meet it, it can die.

      This approach is idiotic, considering that emission standards for passenger cars are well into diminishing returns and they are not even near top polluters. More so, additional emission control equipment on cars results in cars that have larger lifetime emissions due to added weight and additional manufacturing.

      It is no big loss. Getting rid of diesel and gasoline vehicles will do wonders top world peace. We will stop pumping a trillion dollars to the middle east. Once the money is gone, they will calm down and sort it out in some fashion among themselves.

      This is just magical thinking on your part. There is absolutely no reason to expect that middle east will become peaceful once petrodollars stop flowing.

      More so, you are not thinking what it would take to switch to all-electric. We will need to completely rebuild power grid, we will have to drastically increase power generation capacity (probably natural gas or coal).

  7. Talented creative assholes... by EricTDuckman1414 · · Score: 2

    Talented creative assholes are still assholes.

    1. Re:Talented creative assholes... by ooshna · · Score: 2

      But Musk for the most part seems to be a pretty good guy.

  8. Re: One thing I've noticed by Cmdln+Daco · · Score: 2

    You are't having a debate if you start out by calling them 'haters.' You're simply engaging in cult-belief reinforcement activities. To be fair, the people you are 'debating' with might also be in a cult.