Sales DOWN, Pay UP: Inside Tesla’s Strange New Reality

Any other CEO would be ejected for thinking this way.

Sales down Tesla stock is up fat green easy money

It's the enablers at Tesla.

I am seriously curious as to whether there are entities out there overpaying for Tesla stock purposely to boost the price either for financial reasons or to preserve Musk having the level of political power he’s acquired.

TSLA is the product…. All else is smoke n mirrors.. I think that’s the recipe. Prove me wrong.

Fucked company. I’ve seen this before. It’s starting to go sideways.

BULLISH

I don't think so, it's just that the majority of stockholders basically understand ar this point that the price definitely is untethered from reality and fundamentals, but that that only becomes problem for them if people decide to care....and why would they? As long as big institutional investors *also* have this attitude and hold steady, there's no reason why anyone should jump ship. It's well into "it's not a problem unless you make it a problem" logic, but it obviously works

The crash will be swift.

Almost 8% of tesla is owned by vanguard index funds. If you look at all ownership by index funds realize that close to 1/4th is just passive investors. Until that changes there is just too much by fans and people using a metric that makes no sense for the company.

Musk isn't after the money, he wants more control over the company.Tesla investors believe the recent woes of the company were a result of his focus on other projects, (X, politics, AI). Not only that, in some cases he seems to have actively worked against Tesla e.g. diverting Nvidia chips meant for autonomous driving to Grok instead. They want to give him more shares in the hope this will swing his attention back to Tesla.

Dirtbag. Tesla tried to steal 45 million dollars from Canadian tax payers earlier this year! Truly a dirtbag.

Have we really seen anything quite like this? An obsequious board, disastrous fundamentals, yet skyrocketing stock prices thanks to a personality cult. It feels unprecedented.

This was already disproved long time ago. Do you ever get tired spreading fake news?

It's not fake news, it really happened, they tried to rip off Canadian tax payers.

Quote: Transport Canada concluded its investigation and found that Tesla’s rebate claims did represent actual sales completed before the program’s deadline, meaning the company did not break the rules. I don’t expect you to apologize, but maybe next time check your sources.

[https://youtu.be/e3uvlJ3esAI?si=o5jrCWbplHPx2tY6](https://youtu.be/e3uvlJ3esAI?si=o5jrCWbplHPx2tY6)

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We're a real country! Tell nazi's to go f themselves.

Quoting news story from before the investigation was completed is rich, really really rich. What’s next? You’ll tell me you think Transport Canada is in cahoots with Tesla?

Any CEO would be ejected for making Nazi salutes, it's a weird time we live in

The fact that the board approves his tactics is just waiting for exit liquidity. This is the Enron of our time, load your puts to make the tendies.

Enron didn’t have the personality cult component, which amazingly includes the board members, that practically guarantees a firm baseline no matter how bad the news gets.

That is the news story. 43 million dollars claimed on the last 2 days. Why is that? Some tesla book cooking going on.

That's part of the problem with Tesla, the reporting is either pure negative or pure positive fantasy, with almost nothing in between. And as I was typing this post, this thread turned into a perfect example of the mess. What Canada agreed happened is that, unsurpisingly, Tesla sat on months worth of rebates because Tesla's not the type of company to keep up on paperwork until they're forced to. And I don't like correcting people on it since it sounds like I'm defending Elon. Tesla's effective car lineup has turned into the Model Y, the cheap Model Y, and the big Model Y. Ford and GM have put more visible effort into battery research than Tesla has. Elon basically took a multi-year break from being CEO during the most critical phase of turning into a proper mainstream automaker to, *checks notes* oh yeah, to completely destroy the brand by making U.S. politics even more of a horror show. But Tesla probably didn't try to scam a Canadian EV rebate program.

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Palantir will probably be the next one although they’re still growing as of right now

> Palantir will probably be the next one although they’re still growing as of right now Palantir is scary, because I promise you they are developing the American version of the Chinese Social Credit system...

It was starting 10 years back.

Palantir is fixed up with government grants, though. Virtually impossible for them to go belly up.

I don’t know but with Musk’s wealth anything is possible. I’d be surprised if he didn’t have trading bots running up the price strategically, while letting it dip occasionally for profit opportunities.

33mins? -.- Is this a solid documentary or preaching to the choir? Some of us have limited free time to spend unfortunately.

With proper board oversight, he'd have been out a long time ago. He's installed a board full of loyalists and has no oversight. This is the same thing happening with democracy. The Executive is meddling in the elections of those who provide oversight. The Elon playbook.

I wonder how much Tesla’s inclusion in the SnP500 helps keep it propped up by people that would otherwise not buy any stock in the company… 🤔 Let’s hope they get removed soon so we can all invest without worrying about buying into Enron2.0.

Patrick Boyle is well qualified to speak on business and economics. He does not seem to have an axe to grind other than a lack of tolerance for stupidity. And he has a wicked, vicious and extraordinarily dry sense of humor. EDIT: If nothing else, watch his attempt to figure out where Epstein got his money. [Here](https://www.youtube.com/watch?v=CbJSgan4mfQ)

Excellent Summary! Great video!

They wouldn't though. Capitalism was never beneficial or good but now even the bullshit invisible hand has fucked off up its own ass.

Relax, he has only impregnated a few co-workers, it's not like he's hugging them in public 👍

The less they sell the less the sales department is costing and the more money they save! Of course stock go up with such brilliance!

The company exists so Wall Street can make money selling options to people betting against the stock. Whatever they do to pass the time is just busy work.

I guess he needs to bring the sales waaaaay down more to get some more billions

He really reigned it in on this one. I only usually watch because of his Hip-Hop commentary...

No, it’s just Tesla. Any other CEO would have been out on their ass long ago.

I mean, Tesla really is in AI and robotics and taxis, it's just not going very well.

I am going to watch it tonight. It does seem like he keeps his humor on a tighter leash when dealing with more serious matters.

Of course he's after money. There's no safe stock you can invest in that will give you tens of billions. It's pure theft. This bonus is 4x the net income for the entire company for the year. Shareholders just being robbed blind. It's the 3rd times he's done this. He's not investing in and growing the company. He's just leeching it like it's some edgelord meme joke.

The other problem is: so are many other, far more mature companies, all of whom have far better leadership.

The moment a big fish dumps, the bloodbath will be a sight to behold

that was the OLD news story. now, 5 months later, new information has come to light - Tesla got paid because there was zero fraud. All Canadian EV dealers were sitting on a backlog of orders to submit for credit. Everyone found out the fund was running out of money. Tesla worked the weekend and submitted their claims. Other EV dealers stuck their thumbs up their butts and didn't get around to submitting claim until the next week, when the fund was empty.

it usually is. It crashed from $480 to $220 over the course of weeks earlier this year. $415 to $105 over the course of 2022 was a bit slower... was dragged out by the will-he / won't-he stock dumping for the twitter purchase.

Heard that way too much and no crash

This document another area of Enron Musk's pixie land fantasies....SpaceX... the bullshit is string with this one! https://youtu.be/ViVSxOGMERI?si=TNuCAgq7dfDYS44s.

Bitcoin lost 3/4 of its value during a macro correction. Tesla won’t be much different. It basically trades the same as a crypto. Little tangible worth, and the thesis for buying it is somebody else will pay more in the future. No dividends, barely any real cash flow from operations, promise the same thing for 10 years and investors still buy it, etc. Musk is extracting all the actual value out of the company, and it’s not like there was much to begin with.

Easy now, every girl needs a horse.

That’s actually what surprises me the most. Why are the funds still buying in this kind of situation?

Tesla is a meme stock. Of course they need their meme lord to stay meme lord or they lose their memeness.

An index fund provider like Vanguard only purchases securities like Tesla stock according to their weight in the index (done by market cap for the S&P 500 index) based on how many people by shares of their ETFs. Passive investors simply continue buying shares of S&P 500 ETFs every 2 weeks, so there's continuous demand for the stock of companies within the index like Tesla. This is actually considered to be one of the major downsides of passive investing as opposed to active management conducted by mutual funds.

Nah, calling renowned doctors who risked their lives cave diving to rescue trapped children pedophiles would have done that.

https://youtu.be/w_0i45gbQUA?si=4qzmM240UehOPudd

Any parallels here?

Doesn't get more serious than a corrupt government not being able, or willing, to prosecute very blatant malpractice, market-manipulation, and lies.

It's a cult.

Yes, that is, in fact, my point.

Worth watching his videos on YouTube as they’re interesting and informative and a little bit humorous as well.

Tesla, Theranos, the dot-com bubble. Americans love to throw money at technology that they poorly understand -- but that they think that they do understand. This is the downside of our anti-intellectualism combined with Dunning-Kruger effect, from sea to shining sea. Now mix in a government full of lawyers with not an engineer or scientist to be found.

Will be interesting to see if they're mired in investigation of their [active collaboration](https://www.thenation.com/article/world/nsa-palantir-israel-gaza-ai/) in the Gaza genocide this decade. Their software is feeding the IDF lots of non-combatant targets, from doctors to journalists.

Their current valuation assumes 45% growth for the each of the next 10 years. They're extraordinarily overvalued if its just their historic 30% or if they saturate their prospective market or have competition.

I promise you they won't (in the US at least) under this administration.

Do accounting rules just not matter anymore?

Most CEOs don't have a board of directors populated entirely with close friends, relatives, and other assorted ass kissers. Usually when a CEOs leadership, personal conduct, or whatever else, is seriously degrading the company's bottom line, they get fired. Assuming of course they're not majority stockholders the board can't fire. But then, any other company with the financials of Tesla would see its stock drop like a skydiver without a parachute. Does any investor really believe a guy who still can't deliver an autodriving vehicle after ten years is somehow going to give us Sonny from the movie version of *I, Robot?*

I would love to know how much of that is owned now or will be owned by "xAI" company.

“Not the type of company to keep up on paperwork until they are forced to”? Yes, this means they need new, adult, leadership. The “paperwork” is how one runs a responsible company, and any aversion to process, specifically governance, means that the c-suite needs an overhaul.

>This is actually considered to be one of the major downsides of passive investing as opposed to active management conducted by mutual funds. Isn't it that it basically magnifies the trends set by actively managed funds? For all intents, it's like the active funds are controlling more money and thus exert more influence by getting the index funds to follow.

Just saw your reply. I was actually thinking about managed funds and did not realize that the initial reply specifically mentioned index funds. For those you are right. Still wondering why managed funds and institutional shareholders don’t reduce their stake in the company. All of the valuation is phantasy and visions at the moment. Also now even AI was shifted from tesla to xAI and Elon does not intend to merge them. Feels more like Tesla will be xai‘s extended workbench.