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Gigafactory
| August 28th, 2018 at 2:52:17 PM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 |
Yes, it is a rather remarkable feat, particularly when headlines and other projects have been a distracting influence on investors, top managers and the general public. |
| August 29th, 2018 at 6:57:06 AM permalink | |
| Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687 | Plug-in electric car sales, 2018 through July - over 153,000 https://insideevs.com/july-2018-plug-in-electric-vehicle-sales-report-card/ that is about 22,000 a month. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan |
| September 28th, 2018 at 5:04:22 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18208 | SEC Sues Elon Musk for Fraud, Seeks Removal From Tesla. Looks like he did not understand how serious it is to propose a tender offer in a public way. Add in that he still does not execute the basics (15,000 cars made but could not ship?) and probably time for him to go. Question is who ends up with the company? China or VW? The President is a fink. |
| September 29th, 2018 at 6:09:46 PM permalink | |
| Dalex64 Member since: Mar 8, 2014 Threads: 3 Posts: 3687 | Musk is out as chairman, 20mil fine, but remains ceo. "Everyone is entitled to his own opinion, but not to his own facts." Daniel Patrick Moynihan |
| September 30th, 2018 at 4:09:50 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18208 |
If I had my way I would not allow any person at any public company to hold both roles. The President is a fink. |
| September 30th, 2018 at 4:24:40 AM permalink | |
| Fleastiff Member since: Oct 27, 2012 Threads: 62 Posts: 7831 | Just as there were Cowboy Banks wherein the loan committee was a rubber stamp, there will always be Cowboy Companies wherein mere lipservice is paid to oversight roles. Look at that NYC power broker whose name escapes me... he was not even a partner in his own law firm. Sat at the head of the table and conducted meetings but was officially merely an associate. |
| September 30th, 2018 at 4:59:37 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18208 |
Of course there are. But IMHO the SEC should have long ago put an end to one person having both roles. Purpose of the Board is to make the CEO accountable to the shareholders. How can this happen if the CEO runs the board? Seems to me like having the GCB Rep be employed by the casino. The President is a fink. |
| October 1st, 2018 at 3:43:52 PM permalink | |
| reno Member since: Oct 24, 2012 Threads: 58 Posts: 1384 |
That's a good point. It's a conflict of interest, (fox guarding the henhouse.) And it's not uncommon:
And in many cases, a company succumbs to shareholder pressure, announces that they will "permanently" separate the 2 roles, and then several years later they revert back to the old policy (Bank of America, Walt Disney Co.) |
| October 1st, 2018 at 4:01:30 PM permalink | |
| reno Member since: Oct 24, 2012 Threads: 58 Posts: 1384 |
Yeah, apparently their delivery logistics are a mess. In July, Musk admitted that there were 11,166 cars in transit. But let's give them some credit: if they are smart enough to figure out how to manufacture 4,000 high tech cars per week, they are probably also smart enough to figure out how to deliver 4,000 high tech cars per week. By the way, how do their production numbers look right now?
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| October 1st, 2018 at 6:20:16 PM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18208 |
That is not really a lot of cars. Consider in 1964, Ford introduced the Mustang and shipped 8,000 per week. It is classic Musk, do the high-tech right but forget the basics. The guy needs to learn to surround himself with people who cover his weaknesses. Shipping cars is really basic stuff. The President is a fink. |