Tesla first-quarter deliveries were a 'disaster' and may mark turning point, Wedbush's Dan Ives says
Tesla first-quarter deliveries were a 'disaster' and may mark turning point, Wedbush's Dan Ives says
Ives, a longtime optimist about the automaker and its CEO Elon Musk, delivered a harsh review of the delivery results on Tuesday.
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Might have something to do with Elon spending all his time jerking off at twitter
Or being a right-wing useful idiot nutjob.
It boils down to this: will the board kick out Elmo or will they watch the whole thing crumble into recievership.
I’m betting recievership.
The board is a bunch of stooges. They all need to go to jail in all fairness.
The problem is Tesla is a meme stock that pretends it's a real company.
If you kick out musk and try to turn it into a normal car company with normal stock prices which depends on how many cars are sold, that would look like a complete wipe out.
Leave musk in charge and it will crate as well. The best thing the board can do is keep musk as nominally in charge, but keep him juiced up to the eyeballs on Ketamin and distract him with twitter. It's not worked yet, but it might stop him from designing more cyber cars.
He didn't spend all of his time jerking off at Twitter.
He spent some of it designing the stupidest commercial vehicle ever released.
The Cybertruck was never aimed at the commercial market.
Commercial as in sold commercially, not as in used by businesses. i.e. not a specialized vehicle.
What market was it aimed at?
It's a lifestyle vehicle more than anything, so aimed at people towing, carrying sporting gear etc. Too expensive to be a trade vehicle.