Is This Why Tesla Executives Are Fleeing?

[windriverrange]

https://www.zerohedge.com/news/2018-07-05/why-tesla-executives-are-fleeing

Always thought the whole Tesla/Elon Musk deal was a great big scam (akin to MMGW and people buying carbon credits). This is a good article about where one writer thinks this deal is headed.

 

[purkey]

just talked to a guy the other day who had a 3 coming shortly...I wouldn't touch that brand with a hot iron. Looking at all the money they've gone through I don't see how they can ever come out of it. However, have another acquaintance who has one of the bigger Teslas and he loves it. But all he does is drive it to and from work 5 days a week...about 2 miles each way.

 

[davidallen]

I see Musk is Hitler. The market will struggle with how to value Tesla going forward. The industrial side of the energy business is suffering in part because the consumer side is sucking up manufacturing capacity. Once that equalizes, I think you see a turn toward better than industry profit margins (if you think of them as a car company) and near tech company multiples.

Model X arriving a couple of weeks. Long $TSLA. My bias might be showing.

 

[PDT816]

Reads like a author that has taken a large short position on Tesla stock.

Tesla certainly has major problems, but what's listed isn't unique to Tesla either in the automotive industry pointing to a ponzi scheme.

 

[davidallen]

Reads like a author that has taken a large short position on Tesla stock.

Tesla certainly has major problems, but what's listed isn't unique to Tesla either in the automotive industry pointing to a ponzi scheme.

Agreed, the following quote is telling:

"Elon Musk demanded that Tesla stop testing brakes on June 26. Doug Field, chief engineer, resigned on June 27."
​

Field has been on leave of absence for months. This attempts to make it read like he walked out on the 27th. Add in the "Musk is Hitler" and you have a new variant of TDS. Tesla Derangement Syndrome or maybe Musk Derangement Syndrome.