Random Thoughts Thread

[G. David Felt]

I agree with the institutional investors that Musk is full of BS and even if he steps back from DOGE, his focus will be on AI and Robots, not TESLA Autos.

Major Tesla Investor Rips 'Delusional' Elon Musk After Earnings Call

This story pretty much reenforces that the focus is on everything else but Tesla Auto's.

Elon Musk says China wants assurances that magnets for Tesla's humanoid robot won't be used for 'military purposes'

[trinacriabob]

My day through mid-afternoon:

monoliths

and macaques

The Barbary macaques are hilarious.

[A Horse With No Name]

 

[ccap41]

21 hours ago, G. David Felt said:

Eron started out as a Legit business, a merger between Houston Natural Gas and InterNorth but then changed under CEO Kenneth Lay into energy trading and utilities, and I agree with you that they did commit fraud on many levels, but the review by the SEC showed that the last few years just before the collapse was when this all happened. So, two companies wanting to become bigger, merge, continue to have success and then move into other areas of possible growth, but due to incompetence by the executives on risky trading and other areas started to inflate profits to hide the trading losses. 

The CEO was like a Gambling addict who wanted more and more and yet as he lost, he figured he could hide it till he struck it big and then right side out the company. Sadly, at the expense of so many people he destroyed the company and many employees and investors savings.

I have NOTHING against the Technology or the people at Tesla who created very solid Motors, Controller boards and battery packs. My issue is with the person who bought himself a CEO position and the constant lies even now at the quarterly report on what Tesla will deliver. He now hides things, and I suspect the use of AI, Robots, FSD, Robotaxi, etc. are all used to conceal the shaky nature of Tesla.

I do suspect Tesla is playing a house of cards and is not as secure as they tend to present.

IMHO

So you're predicting they will attempt to commit fraud..? What an asinine prediction for a company, just because you don't like the CEO. If you honestly believe this, why aren't you shorting the stock? Or, you don't actually believe what you're saying. 

I'm sure there are dozens and dozens of crappy, trashy, classless, and idiotic CEOs out there. You just don't know about them because you're not looking for them. 

[G. David Felt]

1 hour ago, ccap41 said:

So you're predicting they will attempt to commit fraud..? What an asinine prediction for a company, just because you don't like the CEO. If you honestly believe this, why aren't you shorting the stock? Or, you don't actually believe what you're saying. 

I'm sure there are dozens and dozens of crappy, trashy, classless, and idiotic CEOs out there. You just don't know about them because you're not looking for them. 

If I was rich with extra cash I would have shorted Tesla stock back at the start of Idiot47 having taken office and Black Maga Puppet Master Musk having done the stupidity he is doing.

At this point, I do not see Tesla recovering and the market is not really recovering either. I suspect it would take forensic accounting review of Tesla, but I think Fraud has already happened in many ways, just look at the GPU issue thing and the movement of them to his AI project. Things are moved around, does not seem to be any paper trail or transparency of the business. Manipulation all for his own personal interest.

If the Tesla Cyber Truck was the winner Musk promised, then the 800V system and the style would be selling over and over without the thousands sitting around and the idling of the assembly line.

If Tesla was truly leading the auto industry, then the New Y would be on 800V and not still running on a 400V system. Other auto companies, especially in China have far exceeded Tesla now.

Tesla is becoming irrelevant. Their biggest plus is their supercharger stations, the rest of their auto line is pathetic.

[ccap41]

14 hours ago, G. David Felt said:

If I was rich with extra cash I would have shorted Tesla stock back at the start of Idiot47 having taken office and Black Maga Puppet Master Musk having done the stupidity he is doing.

You don't need to be "rich". Plus, you would have supposedly made a ton of money with your prediction! There's still plenty of time, because you think they're going to commit accounting fraud and go bankrupt. 

[Drew Dowdell]

@ccap41 I think they've already committed fraud on multiple occasions. There's the odometer issue playing out in the courts now. There's the tax credits issue where Tesla suddenly submitted tax rebates for thousands of vehicles. There's been material misrepresentations in product presentations. Misrepresentations about autopilot capabilities. Misrepresentations about range. There's probably a service and warranty class action brewing. It's shocking that they haven't been sued more.

@G. David Felt can't play with automotive stocks without informing me. We have an ethics agreement here for writers that we do not directly hold shares of automotive companies or their suppliers. Holdings through broad based managed funds are fine. If he does start buying/shorting shares, we have to put a disclaimer of his holding on all of his articles.

[A Horse With No Name]

Interesting, like this take...

As far as Tesla goes, Thunderfoot has great YouTube videos.  I have posted this one before, but he has a ton. All of the Musk/Tesla ethics issues are wayyy out in the open, you pretty much have to be willingly blind to ignore them.

 

I may have posted this a long time ago, but it really shows how some folks go way out of their way to avoid reality.

This is a response to the reality denying Musk/Tesla fanbois. I consider CCAP 41 to be very rational and this is not a direct response to him.

[A Horse With No Name]

2 hours ago, Drew Dowdell said:

@ccap41 I think they've already committed fraud on multiple occasions. There's the odometer issue playing out in the courts now. There's the tax credits issue where Tesla suddenly submitted tax rebates for thousands of vehicles. There's been material misrepresentations in product presentations. Misrepresentations about autopilot capabilities. Misrepresentations about range. There's probably a service and warranty class action brewing. It's shocking that they haven't been sued more.

@G. David Felt can't play with automotive stocks without informing me. We have an ethics agreement here for writers that we do not directly hold shares of automotive companies or their suppliers. Holdings through broad based managed funds are fine. If he does start buying/shorting shares, we have to put a disclaimer of his holding on all of his articles.

So I have to disclose the back ally sexual encounter with a Toyota employee that was the issue behind all of my anti Ford posts here? Shocking that we actually have enforced ethics agreements, the rest of the country seems adept at ignoring them.

3 hours ago, ccap41 said:

You don't need to be "rich". Plus, you would have supposedly made a ton of money with your prediction! There's still plenty of time, because you think they're going to commit accounting fraud and go bankrupt. 

They may not go bankrupt right away, they do things like Energy Storage and the like that generates cash. And there is a federal pipeline of cash into Tesla.

[A Horse With No Name]

A much shorter Musk/Tesla video, gives you some flavor of the longer video.

[A Horse With No Name]

Interesting and thoughtful on streets and fire departments...

 

[ccap41]

3 hours ago, Drew Dowdell said:

@ccap41 I think they've already committed fraud on multiple occasions. There's the odometer issue playing out in the courts now. There's the tax credits issue where Tesla suddenly submitted tax rebates for thousands of vehicles. There's been material misrepresentations in product presentations. Misrepresentations about autopilot capabilities. Misrepresentations about range. There's probably a service and warranty class action brewing. It's shocking that they haven't been sued more.

@G. David Felt can't play with automotive stocks without informing me. We have an ethics agreement here for writers that we do not directly hold shares of automotive companies or their suppliers. Holdings through broad based managed funds are fine. If he does start buying/shorting shares, we have to put a disclaimer of his holding on all of his articles.

I'm sure PricewaterhouseCoopers LLP isn't looking to go under with/for them. I couldn't imagine any accounting/auditing firm would be willing to put their life at stake over allowing fraud to happen under their oversight, but there's always a chance.

I should clarify. I'm not trying to say they're clean of any wrongdoing. I'm just saying I couldn't imagine a company committing fraud that's comparable to Enron ever again, because of the measures that were put in place BECAUSE of Encon. 

I guess with David never saying anything positive about Tesla, it would be advantageous for him to continue to trash them while he's trying to short a stock. 

Buuuuut, it would be really smart of him to bet against the company in which he supposedly believes will fail. 

[A Horse With No Name]

1 hour ago, ccap41 said:

I'm sure PricewaterhouseCoopers LLP isn't looking to go under with/for them. I couldn't imagine any accounting/auditing firm would be willing to put their life at stake over allowing fraud to happen under their oversight, but there's always a chance.

I should clarify. I'm not trying to say they're clean of any wrongdoing. I'm just saying I couldn't imagine a company committing fraud that's comparable to Enron ever again, because of the measures that were put in place BECAUSE of Encon. 

I guess with David never saying anything positive about Tesla, it would be advantageous for him to continue to trash them while he's trying to short a stock. 

Buuuuut, it would be really smart of him to bet against the company in which he supposedly believes will fail. 

Agree, but I think the timetable of that downfall will be highly variable.

BYD is probably the biggest competition.