Stop Elon Musk From Failing Again

After Elon Musk’s ‘Pedo’ Tweet, Tesla Shares Fall 4% as Some Investors Worry About His Erratic Behavior

By KEVIN KELLEHER July 16, 2018

Tesla’s stock lost 4% of its value Monday following a rough weekend for its CEO Elon Musk.

Musk, who has taken to Twitter in recent weeks to combat his critics, drew criticism this weekend after calling a diver involved in the rescue of a Thai soccer team a “pedo.” The diver, Vern Unsworth, had criticized Musk’s effort to create a small submarine to rescue the soccer team members.

Thai rescuers succeeded in bringing the soccer team to safety without enlisting Musk’s help. Unsworth dismissed it as a PR stunt, telling Musk he could “stick his submarine where it hurts.” Musk then lashed back in a now deleted tweet that seemed to hint, by virtue of the British diver’s residence in Thailand, that he was a pedophile.

Unsworth has said he is considering legal action against Musk, while Tesla investors wasted no time in expressing their concerns about the CEO’s erratic behavior. Tesla slid 2.8% during official market hours Monday, before declining more than 1% in after-hours trading.

 

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The many failures of Elon Musk, captured in one giant infographic

Among the more recent ‘failures’: parts of the Tesla Model 3 were being made by hand, contributing to a shortage of vehicles ready for delivery
Going through a rough patch at work? Well, at least you probably didn’t get ousted as CEO of your own company, watch two of your companies hover on the brink of bankruptcy or get fired while on your honeymoon.

All of those things have happened at various points to Elon Musk, founder of SpaceX, co-founder of Tesla TSLA, -0.33% , founder of Neuralink, co-founder of SolarCity and co-founder of X.com which eventually became PayPal , and who now has a net worth of about $15 billion.

Musk’s impressive resume is littered with accomplishments, but it’s worth remembering it’s not all sunbeams and soaring stock prices.

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Sorry, But Tesla’s Cool Electric Cars Can’t Compete As Long As Fracking Exists

If you were among the brave few who bought a Tesla Roadster in 2008, you purchased your government-subsidized $100,000-plus electric car when a barrel of oil cost as much as $162 in today’s dollars. “Peak oil” was an article of faith — as crude supplies ran out, ever-higher oil prices would destroy demand for the internal combustion engine and other fossil-fuel monstrosities. But now, if you’re one of the 500,000 wannabe Tesla owners who, according to CEO Elon Musk, has put down a $1,000 deposit on a $35,000 Model 3, the company’s new mass-market electric sedan, you’re probably just as familiar with a fashionable new green conceit. Now the article of faith is “peak demand” for oil, the idea that electric cars will soon make oil obsolete.

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You must watch this Elon Musk video of rocket fails

Any time Elon Musk makes a mistake, it does not come cheap.

That could not be more true when it comes to SpaceX, the aeronautics company he runs. On Thursday, Musk shared a video highlighting what happens when you fail to land an orbital rocket booster.

And it is spectacular.

“Long road to reusability of Falcon 9 primary boost stage…When upper stage & fairing also reusable, costs will drop by a factor >100,” wrote Musk.

The video consists of a lowlight reel of SpaceX, featuring a lot of rockets blowing up with captions like “Rocket is fine? It’s just a scratch.”

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Elon Musk Had a Hilarious Response to More Than 60,000 People Canceling Their Tesla Model 3 Orders

By Justin Bariso Founder, Insight 

The Tesla Model 3, the mass-market electrical vehicle that may completely change the automotive industry, is here–and people are excited.

Well, most people, anyway. There are more than a few customers who are also disappointed.

About 63,000 people have canceled preorders for the electric car over the course of the past year, as revealed earlier this week by Tesla CEO Elon Musk on the company’s quarterly earnings call. (The number of orders dropped from about 518,000 to 455,000, Musk said.)

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Tesla Reports Losses

The electric-car maker lost $0.69 per share on an adjusted basis. This was the first earnings release since shareholders approved the electric-car maker’s acquisition of SolarCity — a $2.6 billion deal that merged the two companies CEO Elon Musk oversaw.

As Tesla continues to burn through cash and tackle competition, analysts are parsing the earnings release and call for information on how the company plans to manage its capital.

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Elon Musk’s Martian Waterpark

In case you haven’t heard, Elon Musk is very rich. As someone who grew up in the Hamptons, I know that rich people can afford to have bonkers-ass dreams and convince people they’re good ones. Musk’s ambition to send crewed missions to Mars in the next 10 years is a bit ambitious. But even that seems reasonable considering his ultimate goal of sending thousands of everyday people to and from Mars on a rocket that hasn’t been invented yet.

That said, could Elon Musk finally get to play Martian overlord by the 2060s? I’ve seen more impossible things happen in the last two months alone. Also, telling people they should be prepared to die to fulfill his pipe dream is pretty shitty marketing.

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