Tesla Board refutes WSJ report of CEO replacement search to replace Musk

[BannedByTMC]

Hmmm?? Your not a very good investor or judge of CEO talent.

You're not very good at reading comprehension. Which part of "Elon served his purpose in the early stages of the company" escaped your understanding? I started buying TSLA in 2011 and have made millions, how about you?

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[BengalBoy]

You're not very good at reading comprehension. Which part of "Elon served his purpose in the early stages of the company" escaped your understanding? I started buying TSLA in 2011 and have made millions, how about you?

I find in my business deals that people with real money rarely talk about it. Definitely don't talk about it in a CyberTruck forum. Your a troll. Nothing more.

 

[BannedByTMC]

I find in my business deals that people with real money rarely talk about it. Definitely don't talk about it in a CyberTruck forum. Your a troll. Nothing more.

Sure, try and attack me instead of addressing the fact that your argument fell flat. You tried to claim I was a bad investor so my "money" was relevant. I have almost 2 decades of posts on the TMC forums that vouch for my history of supporting this company.

 

[SCTesla]

"Since Elon Musk became CEO in 2011, Tesla stock has seen a remarkable increase. At the time of Tesla's IPO in 2010, the stock was priced at $17 per share. However, after accounting for subsequent stock splits, the equivalent price of that IPO share is $1.13. An initial investment of $10,000 in the IPO would have allowed you to buy 588 shares at $17. Following the stock splits, that initial stake would have increased to 8,820 shares. Today, with the current trading price, that investment would be worth over $2.4 million."

"Apple stock has outperformed the S&P 500 by a wide margin since Tim Cook took over in Aug. 2011 -- up 1,270% (or 1,530% on a total return basis). That means an investor who bought $10,000 of Apple stock at the start of Cook's tenure would have $163,000 today after enjoying a compound annual return of 25%."

Hmmm?? Your not a very good investor or judge of CEO talent.

There's no way you consider this a good argument. A startup vs. established company.

 

[REM]

If we had a truly independent and responsible board they would have replaced Elon by now. I can't think of any other CEO who created such brand damage and remained in charge.

Elon is the life-blood of Tesla.

He's not going anywhere.

 

[Trimotor]

AS if you replace the CEO of Tesla by using a board recruiting agency. What an absolutely ridiculous premise.

Elon has been a good CEO but if he doesnt focus more on Tesla and less on X and politics I would consider voting for a new CEO. It's a full time job - a huge company at a critical time facing many headiwinds. It needs a fully committed CEO.

Maybe they should get GM CEO Mary Barra to replace him since she dropped GM down to 12th in market cap.

 

[BannedByTMC]

Elon is the life-blood of Tesla.

Since he's essentially been absent in recent years that's obviously false.

He's not going anywhere.

That is likely to be true, unfortunately.

 

[Trimotor]

Candidates WSJ claimed to be interviewed for Tesla CEO job !

 

[HaulingAss]

Your statement is obviously false, easily proven so, and merely reflects your always uncritical bias. After selling over half my shares I probably still have more shares than you, and most people on this forum. I want it to succeed, and I don't want a CEO who polarizes the customer base and creates negative connotations for the products. Elon served his purpose in the early stages of the company but he is clearly unfit to run it at this point. He provides zero benefit and a large amount of negativity. Tesla has fallen behind in EV range, motor power density, charging speed, vehicle design, and general innovation since he became interested in Twitter and other "activities". Every current and soon to be revealed Tesla product was already in development years ago. Elon has added nothing in recent years besides chaos, (and of course repeatedly inaccurate predictions about autonomy). Jobs served his purpose at Apple but under Cook it grew far larger. We need a Tim Cook now.

Your opinion demonstrates to me that you have little concept of how much long-term vision is needed for the kind of businesses Tesla is in. That's what Elon brings to the table, Tesla is no Apple.

Tesla has huge factories with industrial processes churning out large, highly engineered autos and trucks using 50,000 ton gigapresses, industrial robots, paintshops, etc. That's just the auto and Semi business. There is also the energy business manufacturing huge million-dollar grid scale storage units. And the entry into humanoid robotics and AI computing and autonomous driving. The timing and cash allocation of entry into these markets is where the value of Elon's vision lies. I'm speaking of the judicious timing and sizing and direction of the allocation billions of dollars of capital that is critical to the success or failure of these businesses.

In contrast, Apples biggest most complex product is a Mac Pro. Made by contract manufacturers Apple uses to pinch pennies. Comparing Apple and Tim Cook to Tesla and Elon Musk is ridiculous in the extreme.

Two plus years ago, Elon put the brakes on auto manufacturing expansion and was widely criticized for doing that. In hindsight, that decision, and his newer focus on AI expansion, autonomy, AI robotics and ramping grid scale energy storage look more and more brilliant, given economic conditions. That shows visionary leadership. And in light of the imminent release of robotaxi network, his support of the one candidate who would let innovation flourish looks even more brilliant. If all you can see is polarization of potential customers, I suggest you take off the blinders. It's almost insignificant, even if it looms large inside your own head. Long-term thinking knows how to discount current events and put them into proper perspective.

You seem to believe the number of shares owned is relevant to this discussion. I don't see it that way. That said, since you brought it up, I would be willing to make a friendly $10K gentleman's bet that you hold less shares as of the close of regular trading today. Probably a lot less.

 

[BannedByTMC]

You seem to believe the number of shares owned is relevant to this discussion. I don't see it that way.

It's only relevant in response to this ridiculous statement from you, which you've essentially stated many times previously:

Only people who want Tesla to fail want to replace Elon. This should be abundantly obvious.

Since I'm a shareholder I want to see Tesla succeed. This should be abundantly obvious. The problem is your close minded fanboying can't conceive of saying anything negative about the company unless there is some ulterior motive to want the company to fail. I've never been one to cheer lead blindly. I simply think the company would be much better off without Elon at this point. I know that's sacrilege to some, but that's not my problem.

 

[HaulingAss]

It's only relevant in response to this ridiculous statement from you, which you've essentially stated many times previously:

Only people who want Tesla to fail want to replace Elon. This should be abundantly obvious.

Since I'm a shareholder I want to see Tesla succeed. This should be abundantly obvious. The problem is your close minded fanboying can't conceive of saying anything negative about the company unless there is some ulterior motive to want the company to fail. I've never been one to cheer lead blindly. I simply think the company would be much better off without Elon at this point. I know that's sacrilege to some, but that's not my problem.

Perhaps you have a minor point here. I will expand my statement:

Only people who want Tesla to fail (or who are ignorant of what makes a great CEO) want to replace Elon. This should be abundantly obvious.

Remember, the Board of Directors has been elected by TSLA investors holding, in many cases, millions or billions of dollars worth of TSLA. These investors depend upon these board members to ensure we have the best CEO possible, money is no object.

You are showing how short-sighted some investors have become. All the noise about Elon killing sales will die away once dumb TSLA investors realize that automaking has never been that green of pastures for investors. Thankfully, a man like Elon, with real vision, is leveraging automaking to lead us to more profitable, more important ventures. But automaking will still grow, it's just not Tesla's primary focus. The entire company, all the management and every employee, right down to the assembly line workers and janitors depend upon Tesla's value creation for their quality of life. And they are onboard with this historic transition into the 21st century.

Imagine if Tesla had left it up to VW, GM, Ford and Toyota to bring us into the 21st century. We still would have been driving oil burners as we hit the middle of the century! Instead, we will have butlers that are humanoid robots, cars and trucks that run on sunshine and take us wherever we want to go with a simple voice command, and a power grid that is robust and cost-effective (and burns a heck of a lot less fossil fuels).

Thank you Elon! Vision and execution counts for a lot! Those that hate Tesla, and all they stand for, wish Elon would just go away. Some things never change.

I hope, for the sake of yourself, you are done brandishing your TSLA shares as if they make you smarter than every other TSLA investor.

 

[BannedByTMC]

I hope, for the sake of yourself, you are done brandishing your TSLA shares as if they make you smarter than every other TSLA investor.

You are consistent in misrepresenting my words. I'll explain, once again, I "brandish" my shares to expose your constant false narratives that Tesla criticism = desire to hurt the company. In fact it is the opposite, I want the company to be stronger. In recent years Elon has made the company weaker.

 

[REM]

Since he's essentially been absent in recent years that's obviously false.




That is likely to be true, unfortunately.

Imagine being you, and thinking Elon doesn't have free will and can work the amount of hours he needs to.

Of which, by the way, are a crazy amount higher than average humans.

 

[BannedByTMC]

Imagine being you, and thinking Elon doesn't have free will and can work the amount of hours he needs to.

Of which, by the way, are a crazy amount higher than average humans.

Imagine being you and thinking Elon is magical and can work more hours than are in a day. Even he has basically admitted he's been neglecting Tesla. It's quite obvious his interests are elsewhere, I encourage him to leave and pursue them. We deserve someone focused exclusively on the company at this point.

 

[Lilredwagon]

I am someone who a year ago would have never bought a Tesla. I live in a deep red county where EV has been the poster child for legislation that undermines our way of life. I am the first CT owner in the North County. I bought my CT solely in support of Elon Musk. Everyday I have multiple rural people give me waves and thumbs up when I drive around town. Look at the election map. The entire red area are possible new Tesla buyers. Yesterday I had to take my CT to the closest Tesla dealership, which is three hours away from my house. There was a waiting line of people who had to make appointments to test drive the center’s CT model. A guy was proposing a dealership in Redding, CA to the manager. Redding is so red that they have a 1000 member sign on the dotting line in public militia. I saw a truck full of CT’s on my way home and two on the road when I drove through Redding. Elon has always made big business pendulum swings. When he bought Twitter everyone thought the world was ending. Now it’s more popular than ever. I think Tesla sales in rural America are going to skyrocket. It’s a whole new market full of people who will choose Tesla over any other competitor. It would be a huge mistake to get rid of Elon.

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