In a series of posts on X Monday night, Musk said that he would not want to grow Tesla to become a leader in artificial intelligence and robotics without a compensation plan that would give him ownership of around 25% of the company’s stock. That would be about double the roughly 13% stake he currently owns.
Just casually asking for a roughly 80 Billion dollar pay raise. But at this point would Tesla be better off without him?
The manufacturer also has to pay dealerships for warranty work on vehicles. Company owned services centers wouldn’t.
I’m interested in that source you talked about the “people who looked closely”.
You still have to pay out warranty work either way. Someone has to fix it after all.
There are many people who have made the claim that Tesla doesn’t really make money. You can google it up. Just look for stuff like “tesla profits” or “tesla not profitable” and you see it. Also, the only people who do vigorously insistent that Tesla is profitable are the fanboy investors and some of the least credible analysts out there. It screams gaslighting no matter how you look at all.
Yes, but if you’re paying a dealer, they need to be paid to make it worth their while. Manufacturers using dealers are essentially hiring an outside company for the work. This would contrast very differently with a direct sales company that simply has its own employees doing the work. A direct sales company doesn’t need to “profit” from the effort put into its warranty work.
Again its a public company. You can download the 10-K directly from SEC.gov.
Are you saying Tesla is lying in their public reports? Keep in mind these are also audited by large outside companies. I think Tesla uses PWC.
Then what, Tesla owns their own repair and maintenance service? That also costs money.
Ultimately, you’re going to accept that there’s no way around some of the cost of running a car company. If you won’t accept it, then there’s nothing I can say to change your mind.
Also, most of the numbers can’t be trusted. It’s known as “regulatory capture.” And they’re probably not the only one. Likely many companies have doctored accounting numbers these days. If anything, this is a huge problem in business today.
This is not accurate at all.
Then you live in on another planet. Or at least another decade. Regulatory capture is everywhere these days, and PWC is 100% motivated to hide any fraud. In fact, pretty much all accounting firms are motivated to do so. I’d rather believe every major accounting firm is guilty of aiding some kind of accounting fraud than the reverse.
You are not using regulatory capture correctly in your comments.
You’re incorrect about PWC as well.
Your understanding of the term is incorrect. I am definitely using it correctly. And you are definitely wrong about PWC, plus any other accounting firm on Earth.
But I think it is clear that your mind is made up. If you won’t believe me, then I won’t press any further.
This is not regulatory capture, and you are certainly using it incorrectly.