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Old 12-05-2025, 12:37 PM   #6821
Fuzz
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Originally Posted by Brupal View Post
If you’re going to gripe about something, at least take the time to get your facts right.

Tesla's best quarter ever was the most recent third quarter of 2025 (Q3 2025), when it achieved record vehicle deliveries (nearly 497,000) and energy storage deployments (12.5 GWh), and also posted its highest-ever quarterly revenue of $28.1 billion. Hardly stagnant.

And while we’re at it, Musk pays little tax because he isn’t paid a salary. His compensation is all in stock awards. And since his previous compensation plan was hampered by the Delaware court, Musk has not been paid in many years.
You understand people have access to facts, right? You are aware there was a huge rush to buy EV's in the US before the rebates disappeared, correct? Or is that new information to you?

Quote:
Tesla faces sales pressure in the world’s three biggest car markets: Europe, China and the United States. The electric-vehicle maker's sales fell 48.5% across Europe in October versus the same month last year, according to data released by the European Automobile Manufacturers' Association on Tuesday. For the year, its sales are down about 30% in the region, while industrywide EV sales jumped 26%.

Tesla's global vehicle deliveries are expected to decline 7% this year, according to Visible Alpha, after a 1% drop in 2024. That is despite record third-quarter deliveries, which were juiced by American car buyers racing to beat the September 30 expiration of an EV tax credit.
https://www.reuters.com/business/aut...id-2025-11-26/

I'll give you one thing, 7% decline isn't stagnant sales, so you are correct there. Now, because you believe everything Elon tells you will happen, that must be tough to reconcile a 7% decline with his 30% "prediction" that boosted the stock price because for some reason people believe things Elon says.

Quote:
Known for his oftentimes overly optimistic timelines, Musk said “To take a bit of risk here I do want to give a rough estimate which is that I think 20 to 30 percent vehicle growth next year.” After meandering for a few moments he repeated the guidance. “With our lower-cost vehicles, with the advent of autonomy, something like 20 to 30 percent growth next year is my best guess.” Share prices for Tesla jumped some 12 percent after the call.
https://www.carscoops.com/2024/10/el...-share-prices/

He predicted 20 million vehicles a year of annual production by the early 2030's. So I think he's got some work to do, as this shows his forecasted growth model has some holes in it. But this was way back in 2022.

https://www.autonews.com/manufacturi...be-10-million/

Ya...

As to his previous compensation plan being "hampered by a court," that's a rather hilarious spin on the fact that they broke rules meant to protect investors. Yes, those horrible courts doing the job they exist for. And no, shareholder votes can not over-rule laws. Because even the suggestion of that would be dumb for reasons you should be able to figure out.
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Old 12-05-2025, 12:47 PM   #6822
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Musk did pay $11 billion in personal taxes in 2021. Just in case you think he gets off Scott free
Wrong again. He paid less than that, because he donated Tesla shares to his own charity to reduce his tax bill. And from that charity he has funded a private school for his kids and executives at his company, so the donation is going to some really good effective projects for the needy. Really great trade off for the American people. They give Musk a tax break and he uses the money for himself. Yup, good deal. Great man. Surprised more people don't look up to him. Start a fan club or something.
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Old 12-05-2025, 12:51 PM   #6823
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Yeah his foundation is something else:

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For the fourth year in a row, it’s been revealed that the Musk Foundation hasn’t given away the minimum amount required by law.

5% of a private foundation’s assets must be given away each year. If that target is missed, they have to donate the amount during the next year.

Given Musk hasn’t reached the minimum for the past four years, they have a lot of catching up to do.

Last year, the estimated $14billion charity gave away $474 million. The New York Times found that $370 million of that number was given to a nonprofit in Texas, which benefits Musk’s businesses in Texas, operating an elementary school near where many of his employees live.

The foundation itself is run by Musk and two volunteers, one of whom works only six minutes per week, tax filings found. The website has no contact information.
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