He says in his letter, Tesla is the most heavily shorted stock ever and that is creating incentive for people with vested interests to attack it in underhanded ways. So he is taking it private.
He stands to lose all of his 100 billion pay package everyone talked about and used to attack him as a money grabber. He gets minimum wage to comply with the law and he does even cash those checks.
For all that talk about Tesla going bankwupt, the shorts are talking about 750 million mark to market profits on May first week stock at 290, 2 billion m-2-m loss in June at 370, back to 1 billion loss right now, waiting for the conference call.
For all that mind share and news share Tesla got, the whole company was valued at just 50 billion. And these shorts missed the biggest opportunity to profit in Facebook? Did any of them make a killing? Which shorting hedge fund made a killing?
The cost of communication falling has made spamming possible.
I would like some communication platform that charges people sending voice mail, email, regular mail whatever some cash. And share part of the the cash with me. Users should be able to set a price too. "Video promotions, $2 a minute, Audio promotions, 0.10 a minute. Text messages 10 cents. Emails with pdf text, 25 cents. Audio promotions 1$ a minute, limit 2 minutes. Video promotions 5$ a minute, 1 minute max". The service will collect fees from senders take its cut and give the rest to me.
I could whitelist friends and family. But still they should pay very nominal fees to the service, not to the recipient, to cut down the stupid forwards.
Face it. People are lazy. People like food. People like to avoid exercise. (by an large, in general, with some exceptions).
Free market will fill provide the goods and services demanded by the consumers.
Blame the lazy people not Uber.
Solution: use the same free market principles. The cities are selling access to the public roads at throwaway prices. For free, almost. Introduce surge pricing for road access. 90% of the capacity or a road or an intersection will be sold for free, paid by general tax on fuel, tires, registration etc.
Next 5% will have some basic price, X $.
Cars coming into roads that are already 95% full will pay 2X.
Coming in at 97%? Pay 4X
Coming in at 98% full roads? Pay 8X
Coming in at 99% full roads? Pay 16X
Coming in at 99.5% full roads? Pay 32X
Access cost will be based on footprint of the vehicle, not the passenger capacity.
Buses and uber will pay the same access cost per square foot of road occupied.
You know the auto industry was having this pissing contest about the 0-60 times. Basic problem is, the IC engine has zero torque and zero power below the idle speed. All kinds of mechanical contraptions and gymnastics, making the engine bigger and bigger, so much bigger rest of the car body and the driver form an insignificant things strapped on to a huge monstrous engine with 8, 10, 12, or even 16 cylinders....
Then came in the electrics, the puny wheezy golf cart electrics.... Beats them hollow in their own game. An electric SUV beats an Alpha Romeo Spyder, while towing an Alpha Romeo Spyder!
Wish someone will make a CCD with a dynamic range 3 orders of mag better than the crappy ones we have.
Please make sure people hear about BMW i3. Make sure they never look at it. Ugly as hell. I have seen Mattel and FisherPrice with better styling that that godawful thing.
I was eagerly waiting for i3. I was willing to pay 50K for it in 2014. One look at it. And the spec, 2000 lb plastic body... No BMW, go back to the drawing board. There is a i8 or i9 that looks really cool. But priced at 140K.
Do you know that US Coast Guard is the one regulating oil tanker traffic in the Persian Gulf and providing escorts against Somalian pirates? Should we levy a tax on oil companies for that service provided au gratis by my tax dollar?
The OP clearly said TM3 goes farther than 340i in city driving, and admitted 340i goes farther in combined city/highway driving.
I own an X3 and a model 3. So talking with experience. You are talking theoretically without actual ownership experience. Charging overnight every day saves you more time than what you lose in supercharging on long distance driving.
Wife fills the X3 up every week, spending 15 minutes for the gas station trip among other chores. That is 13 hours per year. Supercharging takes 15 minutes more than gas station breaks (200 miles in 30 minutes in supercharger). I need to use the supercharger 52 times to lose time in electric vehicles.
Eventually, EVs will be similarly priced to ICE cars and ICE will quickly evaporate. The problem we currently face is mass manufacturing batteries in a way that will lower their cost.
I agree with you on the general trendline. But would not expect ICE to die without a fight.
Battery prices are dropping. Tesla has 30% advantage over other battery makers due to scale. They are at 130 $/kWh. When the price breaks 100 $/kWh a Battery EV will cost the same as what ICEV costs today. But as the day approaches, ICEV prices will drop, squeeze the margins of ICEV makers. Even small reduction in demand will create a glut in oil market and reduce gasoline prices, changing the break even calculations. So it is a moving target, and eventually ICEV will die, but it will lash out like a cornered wild animal before giving up its ghost.
When everyone is miniaturizing and making electronics smaller, India wants to make it bigger? It wants to make the world's largest cell phone? How big is that phone gonna be? 42 inches diagonal?
I am still waiting for the 35K car for the masses, and you are rescuing hospitals in Puerto Rico, power grids in southern australia, soccer teams lost in caves in thailand.... Come one Elon, rescue Tesla first. SeeekingAlpha.com and MarketInsider.com are killing it.
I use virtual numbers from my citicard for these services. With time and dollar limits. So it is up to them to call me to get a new number if I allow the subscription to lapse.
Citicard made a goof and created a "service" allowing these companies to bill me even after the expiry date has gone. One was the ISP 1an1. One would think such an on line ISP will have an easy way to cancel the subscription or change the service level. It was a nightmare. They somehow got their bill posted to my account and charged. Disputed the charge, argued with Citi, sent them numerous emails saying, "the whole point of using virtual number is point less if you let them bill me with expired numbers". Citi was claiming it is a service to its customers who might have forgotten to update the numbers and they will get uninterrupted service. My guess is, Citi is charging the merchants a fee for this. Anyway, never give on line companies regular credit card numbers.
I have seen people claiming it is a good idea to buy the 100$ or 200$ gift cards that act like credit cards and use them for these services. Once the money is drained there is nothing they can do.
Not all processes can be sped up by adding more people. Nine women can't make a baby in one month. Some coding projects slow down significantly if you add more people.
The intriguing experiment took 81 healthy adults and split them into two groups.
The sample is too small and too biased. The right way to test is to take ALL the inmates convicted of violent crime in jail. Divide them into two groups, and give them transcranial direct-current stimulation (tDCS) . Then watch their behavior. Once you prove definitively this things helps make peaceful society, we can extend this to the general population.
Decaf also might make you live longer, but it is not worth living longer if you drink decaf. Of all the pointless things in the world, decaf takes the cake. Sponge cake. Layered with mascara pone cheese, tiramisu, but I digress.
You must buy a plot in the Great Smokey mountains, and tend to your own coffee shrubs, that you grow in shade, you pick the berries, feed them to the civet cat you own, and take the excreted beans, roast them yourself, grind them just 3 minutes before you brew and brew it fresh using natural spring water that you fetch it yourself. That is coffee. If not, might as well drink starbucks.
I suspect that if that happened with any other car maker, the NTSB would have...
You suddenly seem to have found great confidence in NTHSB's competence. You are over estimating powers of NTHSB to force automakers to do anything. The threshold required to force a recall is pretty high. The automakers have huge lobby operations and even before NTHSB starts the prelim investigation a friendly senator or a congressman will make sure the investigation is handled by "proper and trustworthy" officials. Forced recalls happen despite, not because of, NTHSB.
Strange thing is, most anti-Tesla crowd would sing "government overreach", "Washington bureaucrats" and "onerous job-killing regulation regime" most of the time. Now they want the same government to shut Tesla down.
You are also making an assumption other automakers are shipping vehicles with bug free code. Steve Wozniak posted in Slashdot how he crashed the cruise control of Prius. Set the cruise to some speed like 70 mph. Then use the up tap to raise the speed by 1 mph. Repeat, 78, 79, 80 works fine. Up tap from 80 mph to 81 mph, breaks the code and opens the throttle wide open. Cancel and brake still worked. He repeated it many times and speculated some loop control issue. We were following up with great disappointment Steve did not also publish the patch code;-)
Tesla battery pack has the most advanced thermal management system. It is linked to the vehicle's a/c, it has circulating cooling fluid, and heating elements. It protects itself using the energy in the cells even when not plugged in.
Adding a heating coil to the charging circuit while plugged in is quite trivial.
Slashdot Mirror
Otherwise it is just overly optimistic estimates.
He stands to lose all of his 100 billion pay package everyone talked about and used to attack him as a money grabber. He gets minimum wage to comply with the law and he does even cash those checks.
For all that mind share and news share Tesla got, the whole company was valued at just 50 billion. And these shorts missed the biggest opportunity to profit in Facebook? Did any of them make a killing? Which shorting hedge fund made a killing?
I once saw (not sure if it was a joke) router_password_is_red1234 in the available SSID list!
I would like some communication platform that charges people sending voice mail, email, regular mail whatever some cash. And share part of the the cash with me. Users should be able to set a price too. "Video promotions, $2 a minute, Audio promotions, 0.10 a minute. Text messages 10 cents. Emails with pdf text, 25 cents. Audio promotions 1$ a minute, limit 2 minutes. Video promotions 5$ a minute, 1 minute max". The service will collect fees from senders take its cut and give the rest to me.
I could whitelist friends and family. But still they should pay very nominal fees to the service, not to the recipient, to cut down the stupid forwards.
Free market will fill provide the goods and services demanded by the consumers.
Blame the lazy people not Uber.
Solution: use the same free market principles. The cities are selling access to the public roads at throwaway prices. For free, almost. Introduce surge pricing for road access. 90% of the capacity or a road or an intersection will be sold for free, paid by general tax on fuel, tires, registration etc.
Next 5% will have some basic price, X $.
Cars coming into roads that are already 95% full will pay 2X.
Coming in at 97%? Pay 4X
Coming in at 98% full roads? Pay 8X
Coming in at 99% full roads? Pay 16X
Coming in at 99.5% full roads? Pay 32X
Access cost will be based on footprint of the vehicle, not the passenger capacity.
Buses and uber will pay the same access cost per square foot of road occupied.
Then came in the electrics, the puny wheezy golf cart electrics.... Beats them hollow in their own game. An electric SUV beats an Alpha Romeo Spyder, while towing an Alpha Romeo Spyder!
Wish someone will make a CCD with a dynamic range 3 orders of mag better than the crappy ones we have.
If only you had ever heard of the BMW i3
Please make sure people hear about BMW i3. Make sure they never look at it. Ugly as hell. I have seen Mattel and FisherPrice with better styling that that godawful thing.
I was eagerly waiting for i3. I was willing to pay 50K for it in 2014. One look at it. And the spec, 2000 lb plastic body... No BMW, go back to the drawing board. There is a i8 or i9 that looks really cool. But priced at 140K.
Do you know that US Coast Guard is the one regulating oil tanker traffic in the Persian Gulf and providing escorts against Somalian pirates? Should we levy a tax on oil companies for that service provided au gratis by my tax dollar?
I own an X3 and a model 3. So talking with experience. You are talking theoretically without actual ownership experience. Charging overnight every day saves you more time than what you lose in supercharging on long distance driving.
Wife fills the X3 up every week, spending 15 minutes for the gas station trip among other chores. That is 13 hours per year. Supercharging takes 15 minutes more than gas station breaks (200 miles in 30 minutes in supercharger). I need to use the supercharger 52 times to lose time in electric vehicles.
Eventually, EVs will be similarly priced to ICE cars and ICE will quickly evaporate. The problem we currently face is mass manufacturing batteries in a way that will lower their cost.
I agree with you on the general trendline. But would not expect ICE to die without a fight.
Battery prices are dropping. Tesla has 30% advantage over other battery makers due to scale. They are at 130 $/kWh. When the price breaks 100 $/kWh a Battery EV will cost the same as what ICEV costs today. But as the day approaches, ICEV prices will drop, squeeze the margins of ICEV makers. Even small reduction in demand will create a glut in oil market and reduce gasoline prices, changing the break even calculations. So it is a moving target, and eventually ICEV will die, but it will lash out like a cornered wild animal before giving up its ghost.
Will it also support my .emacsrc ?
When everyone is miniaturizing and making electronics smaller, India wants to make it bigger? It wants to make the world's largest cell phone? How big is that phone gonna be? 42 inches diagonal?
A more savvy hacker would have just used the password to merge unauthorized fraudulent commits. Thus the hack would have remained undetected.
Must assume: There are more savvy hackers.
Must assume: There are other repos with weak, guessable password.
Must conclude: There are well hidden bombs ticking away in many more repositories.
I am still waiting for the 35K car for the masses, and you are rescuing hospitals in Puerto Rico, power grids in southern australia, soccer teams lost in caves in thailand.... Come one Elon, rescue Tesla first. SeeekingAlpha.com and MarketInsider.com are killing it.
You tellin' me German police abused their power? Gestapo out of here!
Citicard made a goof and created a "service" allowing these companies to bill me even after the expiry date has gone. One was the ISP 1an1. One would think such an on line ISP will have an easy way to cancel the subscription or change the service level. It was a nightmare. They somehow got their bill posted to my account and charged. Disputed the charge, argued with Citi, sent them numerous emails saying, "the whole point of using virtual number is point less if you let them bill me with expired numbers". Citi was claiming it is a service to its customers who might have forgotten to update the numbers and they will get uninterrupted service. My guess is, Citi is charging the merchants a fee for this. Anyway, never give on line companies regular credit card numbers.
I have seen people claiming it is a good idea to buy the 100$ or 200$ gift cards that act like credit cards and use them for these services. Once the money is drained there is nothing they can do.
Not all processes can be sped up by adding more people. Nine women can't make a baby in one month. Some coding projects slow down significantly if you add more people.
The sample is too small and too biased. The right way to test is to take ALL the inmates convicted of violent crime in jail. Divide them into two groups, and give them transcranial direct-current stimulation (tDCS) . Then watch their behavior. Once you prove definitively this things helps make peaceful society, we can extend this to the general population.
You must buy a plot in the Great Smokey mountains, and tend to your own coffee shrubs, that you grow in shade, you pick the berries, feed them to the civet cat you own, and take the excreted beans, roast them yourself, grind them just 3 minutes before you brew and brew it fresh using natural spring water that you fetch it yourself. That is coffee. If not, might as well drink starbucks.
The correct term for them is "undocumented radio stations".
You suddenly seem to have found great confidence in NTHSB's competence. You are over estimating powers of NTHSB to force automakers to do anything. The threshold required to force a recall is pretty high. The automakers have huge lobby operations and even before NTHSB starts the prelim investigation a friendly senator or a congressman will make sure the investigation is handled by "proper and trustworthy" officials. Forced recalls happen despite, not because of, NTHSB.
Strange thing is, most anti-Tesla crowd would sing "government overreach", "Washington bureaucrats" and "onerous job-killing regulation regime" most of the time. Now they want the same government to shut Tesla down.
You are also making an assumption other automakers are shipping vehicles with bug free code. Steve Wozniak posted in Slashdot how he crashed the cruise control of Prius. Set the cruise to some speed like 70 mph. Then use the up tap to raise the speed by 1 mph. Repeat, 78, 79, 80 works fine. Up tap from 80 mph to 81 mph, breaks the code and opens the throttle wide open. Cancel and brake still worked. He repeated it many times and speculated some loop control issue. We were following up with great disappointment Steve did not also publish the patch code ;-)
It is arguing "there is recorded instance of someone dying in the year 116, 117 etc, so no one will die at those ages."
Flaws problems issues of cars deserve coverage only for Tesla.
Adding a heating coil to the charging circuit while plugged in is quite trivial.