James Murdoch, a Tesla director, said on Wednesday CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.
Murdoch, who did not name the potential successor, was testifying in a trial over Musk's 2018 Tesla pay package.
When a plaintiff's lawyer asked him to confirm that Musk has never identified someone as a potential successor CEO, Murdoch said, "He actually has," adding that happened in the "last few months."
I wonder if Elon got the big bamboozle by the big investment firms that used to own twitter. Turning a fledgling asset into a 10x return is an all-star move, it's hard to think that happened without them noticing or participating.
I have no idea what you are saying. The big investment firms (and all other former shareholders) are the ones laughing here. Elon payed $44B on something worth, maybe, $20B in the current market.
__________________
From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
Do you really think Tesla is worth 10 times as much as GM or perhaps its actually massively over valued as so venerable to a downturn?
10x value of GM? never....supposedly makes a profit/yr of 1 billion, only source of revenue (thus far) is advertising which comes and goes like the wind....5x value max or around $5 billion with limited upside.
Anyone that pays $44B for it is an idiot...oh wait.
Do you really think Tesla is worth 10 times as much as GM or perhaps its actually massively over valued as so venerable to a downturn?
I'm also curious how Tesla does when the rest of the manufacturer's, including GM, catch up to Tesla in the EV world. They are probably there already. Tesla's market share can really only go down as more and more options are made available. The market will increase, but will that increase in demand be higher than the increase in supply options.
Not to mention Elon is pissing a lot of people who might actually want to buy one of his cars
I do think this will have an impact. Tesla had a chance to be positioned as the Apple of EVs - i.e. the cool kids EV. I'm not sure they would have held that position very long because their build quality/attention to detail isn't great - but in the meantime - a lot of the people who would buy the 'cool kids' car are also the same people who might care about what the face of the company is doing.
The Following 3 Users Say Thank You to PeteMoss For This Useful Post:
I'm also curious how Tesla does when the rest of the manufacturer's, including GM, catch up to Tesla in the EV world. They are probably there already. Tesla's market share can really only go down as more and more options are made available. The market will increase, but will that increase in demand be higher than the increase in supply options.
I think if Tesla can maintain a lead on battery technology, manufacturing and charging they can become the OEM supplier for the premium EV product. That could allow them to maintain market share while other Car manufacturers expand.
I think if Tesla can maintain a lead on battery technology, manufacturing and charging they can become the OEM supplier for the premium EV product. That could allow them to maintain market share while other Car manufacturers expand.
Different battery technology is being developed by many different companies, there isn't really anything fundamental that gives Tesla an advantage in this space. They have a good battery in some regards with their new 4680 thoguh it isn't without its issues. But any one of these companies can leapfrog Tesla, and with so many competitors, betting on Tesla to always have the best doesn't make much sense.
Different battery technology is being developed by many different companies, there isn't really anything fundamental that gives Tesla an advantage in this space. They have a good battery in some regards with their new 4680 thoguh it isn't without its issues. But any one of these companies can leapfrog Tesla, and with so many competitors, betting on Tesla to always have the best doesn't make much sense.
Yup, as forward thinking as Tesla is/was, it's never a good thing being "first in" and then somewhat sitting on your existing tech/product line for too long. Allows all of the "others" to learn from your mistakes, steal some ideas/tech, gear up and kick your ass. Just ask Blackberry.
Do you really think Tesla is worth 10 times as much as GM or perhaps its actually massively over valued as so venerable to a downturn?
No, I don't think it is worth anything close to that - and I have posted as much many times in the Tesla thread.
I merely replied to the poster that suggested that one of the US makers might buy them - that ain't happening with valuations anywhere near where they are.
