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Tag Archives: Elon Musk

Figaro

The dancers on stage are flopping around, dancing awkwardly in the absence of any music. They look uncomfortable as the Emperor Joseph II enters the rehearsal for the first performance of Mozart’s The Marriage of Figaro.Emperor Joseph II: What is this? I don’t understand. Is it modern?Kappelmeister Bonno: Majesty, the Herr Director, he has removed a balleto that would have occurred at this place.Joseph: Why?Count Orsini-Rosenberg: It is your regulation, Sire. No ballet in your...

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Uninvestable Tesla

Tesla is an uninvestable stock for me, not just because of its high valuation but also because it fails our fairly basic quality test, which I shamelessly borrowed from Warren Buffett: Would I still buy this stock if right after the purchase the stock market were to close for ten years? If you are a big Tesla car and stock fan, before you start throwing rocks at me, pause and wait till you finish this article – the rocks and I will still be there. Think about the next...

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Cash Burn: The Slayer Of Headless Unicorns And Electric Rocket Ship Dreams

Authored by Mark St.Cyr, Cash burn, did you know that was, or could be: a problem? In days of yore (i.e., 2008 BQE) businesses actually had to survive by selling products and services at a price that was more than they cost to produce, as to cover all other ancillary expenses. (I know, heresy, but stay with me.) If they didn’t? They weren’t called a business, they were called a charity. If they did so manage to do this (i.e. continually, unabated, always replenishing ) for any...

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There Is Just One Thing Preventing Elon Musk’s Vision From Coming True: The Laws Of Physics

When Elon Musk stepped on stage at Tesla’s product-launch event earlier this month, he knew the market’s confidence in Tesla’s brand had sunk to an all-time low since he took over the company a decade ago. So, he resorted to a tactic that should be familiar to anybody who has been following the company: Shock and awe. While the event was ostensibly scheduled to introduce Tesla’s new semi-truck – a model that won’t make it’s market debut for another...

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Elon Musk Pulls An ICO

By Chris at www.CapitalistExploits.at First up, this beauty received by one of the crew here at HMS Capitalist Exploits: Marketing an ICO... Killer! The Tesla ICO Speaking of ICOs, last week something amazing, breathtaking, and revolutionary happened. We had another ICO... the very first of its kind. An Initial Car Offering. Pundits said it was an unveiling of the Tesla semi truck, but we now all know it was actually a thinly veiled capital raise. Like many...

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Morgan Stanley: Tesla Will Surge To $400 Before Crashing To $200

When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley's Adam Jonas (current price target of $379). To be sure, the relationship cuts both ways, with Jonas relentless enthusiasm 'for the EV maker granting Morgan Stanley a reserved spot for any future debt, convert and equity underwriting, as well as associated IB fees.  Yet, following the recent volatility in Tesla's business model, in which the "production hell" that is Model 3 has been quietly...

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“Hotbed For Racist Behavior”: 100 Tesla Employees File Lawsuit Alleging “Severe And Pervasive Harassment”

Poor Elon Musk just can't catch a break.  After admitting that Tesla hasn't yet figured out how to weld (a fairly critical task for auto OEMs), blowing through Model 3 production deadlines (which probably had something to do with rumors that 'the most advanced auto OEM in the world" was making components by hand), and firing 100's of employees, the embattled company now finds itself locked in yet another employee lawsuit...this time filed by over 100 black employees alleging racial...

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When A.I. Rules…

Elon Musk unveiled his apocalytpic vision of the world a few weeks ago... “Until people see robots going down the street killing people, they don’t know how to react because it seems so ethereal,” he said.   “AI is a rare case where I think we need to be proactive in regulation instead of reactive. Because I think by the time we are reactive in AI regulation, it’s too late.”   “Normally the way regulations are set up is a while bunch of bad...

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Meet Sophia: The Humanoid Robot That Was Granted Citizenship By Saudi Arabia

One of the reasons why Saudi Arabia has found itself in fiscal and budgetary dire straits in recent years, is that as a result of the plunge in oil prices in recent years, the government has been unable to keep paying the thousands of local and foreign workers who are (or were) employed on any number of local infrastructure and development projects. However, with the Aramco IPO also suddenly on the rocks even as the country's reserves continue to shrink and deficits grow, the Gulf kingdom...

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What Reagan Told The NYSE After Black Monday: Thank Heaven For Humans

30 years ago this week, after the dust settled in the largest stock market crash in history, President Reagan wrote a letter to The New York Stock Exchange members... "During the extraordinary events of the past few days, the New York Stock Exchange has managed to maintain its usual high standard of operational performance.   "The calm, professional manner of dedicated men and women of the Exchange, its member firms and the Securities Industry Automation Corporation striving to...

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