Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life

Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life

Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life

$TSLA

  • Tesla’s (NASDAQ:TSLA) Elon Musk opened the company’s annual shareholder meeting Tuesday emotionally on the verge of tears as he said he builds its EVs with care and affection that other automakers cannot match, adding that the company’s decent into ‘production Hell’ has been hard on him personally

Tuesday, Mr. Musk looked very nervous, choked up and set to cry, as he said Tesla builds its EV with a level of care and affection that other automakers can’t match, which is a total fabrication.

“At Tesla, we build our car with love,” he said. “We really care.”

He contrasted Tesla with other auto companies, whose vehicles he characterized as being driven by financial considerations, and so he has his overworked worker hand builds the cars while his billions of dollars of not tested robots run amok, and he burns investors cash by more billions

“At a lot of other companies, they’re built by the marketing department and the finance department,” Mr. Musk said of other cars. “There’s no soul.”

Elon Musk is a stock promoter, he is not a car builder, he is lucky people did not throw rotten tomatoes and eggs at him an run him out of the building.

The world’s Top car builders, Ferrari, Fiat-Chrysler, Volkswagen, Daimler Benz, BMW, Rolls Royce, Bentley, Aston Martin and such build great cars and make money for the investors, that is Soul!

Mr. Musk also lauded the efforts of Tesla employees who have worked long hours.

“We’ve had people at Tesla who’ve worked 60 days straight,” he said. “We’ve had to force them to go home.”

Mr. Musk, in confession mode, said the past many months as “the most excruciating, Hellish several months I’ve maybe ever had.” Sure because every hyped up promise he made to his Yippy brand lovers fell flat and the failures have lead to him being exposed as a stock promoter, not a car builder.

Tesla shareholders did vote to keep Mr. Musk on as Chairman of the company’s board of directors for now.

Elon Musk knows that he is running a ‘rentier’ business, and that all rentier businesses fail, Tesla is not the exception.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:TSLA 319.5 6 Jun 2018 28.37 300.5 322.17 297.48 18,767,200
HeffX-LTN Analysis for TSLA: Overall Short Intermediate Long
Neutral (0.17) Neutral (0.22) Bullish (0.25) Neutral (0.06)

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH