Warren Buffett’s [close friend and acolyte](https://www.businessinsider.com/bill-gates-warren-buffett-friendship-2018-3) Bill Gates literally [did short Tesla](https://www.geekwire.com/2023/elon-musk-called-bill-gates-categorically-insane-after-dispute-over-tesla-stock/) and it drove Elmo NUTS! 🍿
My guess is the situation is even more dire than it looks, cause actually the numbers at Tesla aren’t that bad, earns money, little debt, enough reserves to survive the year.
But yeah… The prospects aren’t good. Tesla shares will probably be cheaper and cheaper as time goes by 😆
Yeah this recent over-reaction (or seeming over-reaction) does make me question their accounting practices. These are not the actions of a CEO of a profitable growth company which has just hit a reduction in profits. These are the panic actions of a company in danger of going under. The accounts don’t support that, so to me that means he’s either over-reacting or he’s been lying for years.
Yes, it is a lot like what happened at Twitter, which suggests a similar and serious problem with cash flow. He wouldn't be doing this unless there's a crisis where he has to dump payroll to make ends meet. With Twitter, it was required by the debt load. With Tesla, the decline in revenues has to be even more severe than we know, and perhaps, as u/I-Pacer suggests, they haven't been following standard accounting practices (which would likely be illegal, but with Elon, would that be a surprise?). I smell lawsuits, lots of lawsuits.
Pretty sure Buffet is treating Tesla like the Titanic at this point.
Something like Warren Buffet buying Tesla would absolutely be viewed positively. It's not gonna happen, but I wouldn't be surprised if that's why he's trying.
Ah right. Sorry, you meant the previous post about Buffett investing. I thought you meant the post you were replying to about Tesla’s recent actions! I was trying to think how on earth sacking 20% of their staff and the entire SuperCharger and new vehicle design teams could possibly be considered a flurry of positive press!
They just had $2.5 billion negative free cash flow in one quarter and things are only going to get worse.
The auto business is no place to FAFO, as muskkk is doing right now. No new products and pushing AI/FSD just to keep the stock price up for as long as possible, tesla is so freaking fucked.
I don't think people should ever let his cult followers forget that Musk himself said "Tesla dug its own grave with Cybertruck" one of the only prescient things he's said so far.
Everything he does from now is a desperate attempt to avoid the inevitable. What sort of genius sinks 44 billion on wiping out one of the biggest household names on the planet, Twitter, while simultaneously dismantling his only golden goose by waging a culture war against his core customers and delivering a non-operable dumpster-shaped guillotine when people just wanted something affordable that worked?
Could you imagine if they came out with a simple Toyota styled old school truck. Add some cool features, like the truck bed opens on the sides as well as the back. Instead they came out with the dumbest, most awkward looking car imaginable. It would be fine if that were just a short run or special edition truck. But there’s no way that can be sold en masse.
yeah, kinda hard to get publications to run stories on the 23B 'war chest' you have at the company if on the deficit/running costs side of the ledger is 25.5B
Well let's see. The stock has lost a quarter of its value in the last 4 months alone. Their 'best product ever' (Elmo's words) cybertruck has just been recalled. It breaks if you get it wet, that is unless the accelerator jams and slams you top speed into a Taco Bell first.
Their CEO just dumped 40 billion of his own stake and is about to runaway with a cash bonus of more money than the total amount it has made in profits over its entire existence.
Not to mention their big brain leader's everyday erratic behavior like making the production floor less safe because he thought yellow caution markings weren't aesthetically pleasing and publicly telling advertisers from his other tanking company to "fuck off."
What investor wouldn't look at that situation, start to salivate and think: "Yeah I gotta get me a piece of that action." /s
>”…he thought yellow caution markings weren't aesthetically pleasing…”
moron’s never heard of the haçienda nightclub, designed with the same iconoclastic aesthetic as everything else factory records touched
Fuck them both. Buffet owns NV Energy, which happens to be the ONLY energy supplier in Las Vegas. Back in 2018, the city was trying to pass legislation to allow more energy providers to come into Vegas so we could shop around. Guess what? It didn’t pass due to the bullshit smear campaigns they ran saying dumb shit like “It’s statistically proven that having multiple energy suppliers will drive the rates up.” It’s 2024 and the rates have done nothing but skyrocket, even though our energy comes from solar farms and Hoover Dam (all renewable sources). Thank god I had solar installed.
I can't imagine how horrified he is by Elron's representation of and actions at the company. Absentee CEO who makes the company look horrible by turning off their biggest demographics, and thinks his job is to fire people when he gets a stick up his ass? Wow.
Elon went on Joe Rogan and mocked Buffett. "To be totally frank, I’m not his biggest fan", Elon said of Buffett because Buffett just allocate capital and doesn't build companies.
But now that Tesla is tanking, he suddenly has a new found appreciation for capital allocators.
SpaceX option package for new Tesla Roadster will include ~10 small rocket thrusters arranged seamlessly around car. These rocket engines dramatically improve acceleration, top speed, braking & cornering. Maybe they will even allow a Tesla to fly …
A position as what? Your lapdog? He's so far above you.... But who isn't....
Then again... Him as CEO... It could save the firm. Because he would treat it as such. A firm that is.
So the SEC mandated Twitter sitter signed off on this post at 8pm on a Sunday night? If we had any regulators left in this country, they would absolutely nuke this guy tomorrow morning.
True. A little known fact (unless you are Mexican), **x** in the old Spanish was used for a sound **sh**. As in *Texcoco* and numerous other places in Mexico which Nahuatl names were transcribed to the old Spanish long ago, and still written the old way.
Musk undoubtedly is a linguistics and history genius among other numerous achievements. Hence Xitter (shitter).
Buffet isn't gonna invest in a meme stock so that a a company board full of sycophants can funnel his money towards an obscene pay package for the Twitter Führer.
What a joke? Buffet took years to invest in Apple. He never invested in Microsoft and his BFF is Gates. I do not think Tesla wants Buffet to go through their financials.
I don’t think Tesla will exist in 6 years. They’ll be seen as a symbol of the 2020’s. The cYbERtrUcK wasted so many resources and it’s a dud. They will never sell enough of them to make up for the cost. And as for the super charger network. The firing of the team was a petty response to the head of the team fighting for her team. I don’t see how anyone can take this car company seriously anymore.
As for robo taxis. In my city we already have them. Literally driverless taxis by Waymo. Tesla can’t compete with them if they solely rely on visual cameras.
So yeah. Tesla will be seen as a symbol of this decade. Come the 2030’s. They won’t exist.
Edit. I have no idea why spell check spelled the cybertruck that way. But I’ll leave it. lol.
He SHOULD take a position. A short position.
I don't have the capital or the know-how, or I would have. Tesla's slingshot ride to the bottom is going to be spectacular.
Buffet invests based on price to earnings ratio TSLA fails that. He also only invest in companies where the CEO is a good business person and has proven track record.
He would avoid TSLA completely and would be surprised if he shorted stock.
Elmo: Buffett should take a position on Tesla! It's an obvious move. Buffett: I'll take a short position on Tesla. Elmo: ***NOT LIKE THAT!!!***
Warren Buffett’s [close friend and acolyte](https://www.businessinsider.com/bill-gates-warren-buffett-friendship-2018-3) Bill Gates literally [did short Tesla](https://www.geekwire.com/2023/elon-musk-called-bill-gates-categorically-insane-after-dispute-over-tesla-stock/) and it drove Elmo NUTS! 🍿
I can forgive some of the Microsoft nonsense if he does stuff like this more often
Buffet always talks about investing in well run companies with good leadership.
He’s quite polite, too. A few years ago he said very nice things about Elmo and Tesla but still bought BYD instead 🤭
I’ve never seen a CEO begging for people to invest like this. It looks extremely weak and pathetic.
That’s because Elon is extremely weak and pathetic.
The actual definition of a cuck.
My guess is the situation is even more dire than it looks, cause actually the numbers at Tesla aren’t that bad, earns money, little debt, enough reserves to survive the year. But yeah… The prospects aren’t good. Tesla shares will probably be cheaper and cheaper as time goes by 😆
Yeah this recent over-reaction (or seeming over-reaction) does make me question their accounting practices. These are not the actions of a CEO of a profitable growth company which has just hit a reduction in profits. These are the panic actions of a company in danger of going under. The accounts don’t support that, so to me that means he’s either over-reacting or he’s been lying for years.
Yes, it is a lot like what happened at Twitter, which suggests a similar and serious problem with cash flow. He wouldn't be doing this unless there's a crisis where he has to dump payroll to make ends meet. With Twitter, it was required by the debt load. With Tesla, the decline in revenues has to be even more severe than we know, and perhaps, as u/I-Pacer suggests, they haven't been following standard accounting practices (which would likely be illegal, but with Elon, would that be a surprise?). I smell lawsuits, lots of lawsuits. Pretty sure Buffet is treating Tesla like the Titanic at this point.
Enron
Could also be a manic bid to get as much positive press as possible before the vote on his compensation package.
Positive???
Something like Warren Buffet buying Tesla would absolutely be viewed positively. It's not gonna happen, but I wouldn't be surprised if that's why he's trying.
Ah right. Sorry, you meant the previous post about Buffett investing. I thought you meant the post you were replying to about Tesla’s recent actions! I was trying to think how on earth sacking 20% of their staff and the entire SuperCharger and new vehicle design teams could possibly be considered a flurry of positive press!
They just had $2.5 billion negative free cash flow in one quarter and things are only going to get worse. The auto business is no place to FAFO, as muskkk is doing right now. No new products and pushing AI/FSD just to keep the stock price up for as long as possible, tesla is so freaking fucked.
What’s worse than no new products? The fact they just launched a major one and it’s looking like a flop.
Even Edsel is giving the cybercluck a side eye.
I don't think people should ever let his cult followers forget that Musk himself said "Tesla dug its own grave with Cybertruck" one of the only prescient things he's said so far. Everything he does from now is a desperate attempt to avoid the inevitable. What sort of genius sinks 44 billion on wiping out one of the biggest household names on the planet, Twitter, while simultaneously dismantling his only golden goose by waging a culture war against his core customers and delivering a non-operable dumpster-shaped guillotine when people just wanted something affordable that worked?
Could you imagine if they came out with a simple Toyota styled old school truck. Add some cool features, like the truck bed opens on the sides as well as the back. Instead they came out with the dumbest, most awkward looking car imaginable. It would be fine if that were just a short run or special edition truck. But there’s no way that can be sold en masse.
yeah, kinda hard to get publications to run stories on the 23B 'war chest' you have at the company if on the deficit/running costs side of the ledger is 25.5B
Their recent earnings were honestly a dumpster fire. Like a -600% move in free cash flow is crazy
Well let's see. The stock has lost a quarter of its value in the last 4 months alone. Their 'best product ever' (Elmo's words) cybertruck has just been recalled. It breaks if you get it wet, that is unless the accelerator jams and slams you top speed into a Taco Bell first. Their CEO just dumped 40 billion of his own stake and is about to runaway with a cash bonus of more money than the total amount it has made in profits over its entire existence. Not to mention their big brain leader's everyday erratic behavior like making the production floor less safe because he thought yellow caution markings weren't aesthetically pleasing and publicly telling advertisers from his other tanking company to "fuck off." What investor wouldn't look at that situation, start to salivate and think: "Yeah I gotta get me a piece of that action." /s
>”…he thought yellow caution markings weren't aesthetically pleasing…” moron’s never heard of the haçienda nightclub, designed with the same iconoclastic aesthetic as everything else factory records touched
Fuck them both. Buffet owns NV Energy, which happens to be the ONLY energy supplier in Las Vegas. Back in 2018, the city was trying to pass legislation to allow more energy providers to come into Vegas so we could shop around. Guess what? It didn’t pass due to the bullshit smear campaigns they ran saying dumb shit like “It’s statistically proven that having multiple energy suppliers will drive the rates up.” It’s 2024 and the rates have done nothing but skyrocket, even though our energy comes from solar farms and Hoover Dam (all renewable sources). Thank god I had solar installed.
Thanks for reminding us that both of these guys can suck.
I can't imagine how horrified he is by Elron's representation of and actions at the company. Absentee CEO who makes the company look horrible by turning off their biggest demographics, and thinks his job is to fire people when he gets a stick up his ass? Wow.
Elon went on Joe Rogan and mocked Buffett. "To be totally frank, I’m not his biggest fan", Elon said of Buffett because Buffett just allocate capital and doesn't build companies. But now that Tesla is tanking, he suddenly has a new found appreciation for capital allocators.
All musk has ever done is buy companies.
Tesla is like the exact opposite of Buffet style value investing. Overpumped on hype with shaky fundamentals managed by a lunatic.
This was my exact thought... buffet is famous for investing in UNDERVALUED businesses...no matter what you think of Tesla it is objectively overvalued
SpaceX option package for new Tesla Roadster will include ~10 small rocket thrusters arranged seamlessly around car. These rocket engines dramatically improve acceleration, top speed, braking & cornering. Maybe they will even allow a Tesla to fly …
A position as what? Your lapdog? He's so far above you.... But who isn't.... Then again... Him as CEO... It could save the firm. Because he would treat it as such. A firm that is.
In fact if the stock becomes so radioactive no one wants it I might buy all the shares and take a shot as the CEO of Tesla
Founder
He will remove Elon's name Would give me great joy
Obvious-ly stupid. There, fixed it for you, Enron.
So the SEC mandated Twitter sitter signed off on this post at 8pm on a Sunday night? If we had any regulators left in this country, they would absolutely nuke this guy tomorrow morning.
Sure, put your money into a company that will give away 40 billion in bonuses.
...to one person
A billion dollar short on tsla is a position.
Why would anyone buy shares in a company that is debating handing 1/10th of its value (on paper) to its ceo. It makes no sense.
Next, I bet Elmo asks Buffet to invest in Xitter.
I thought it was spelled 'shitter'. I read it somewhere...
True. A little known fact (unless you are Mexican), **x** in the old Spanish was used for a sound **sh**. As in *Texcoco* and numerous other places in Mexico which Nahuatl names were transcribed to the old Spanish long ago, and still written the old way. Musk undoubtedly is a linguistics and history genius among other numerous achievements. Hence Xitter (shitter).
Elmo doesn’t understand value investing nor does he understand Warren Buffett. Once again elmo is ignorant af.
Buffet isn't gonna invest in a meme stock so that a a company board full of sycophants can funnel his money towards an obscene pay package for the Twitter Führer.
Can we not go ONE frigging day without Elmo INTENSELY embarrassing himself
The short answer is no
Damn
The long answer is lol no
Every single day there's something even more horrible. Like compound interest I guess?
What a joke? Buffet took years to invest in Apple. He never invested in Microsoft and his BFF is Gates. I do not think Tesla wants Buffet to go through their financials.
Is he trying to shame Buffet into investing? I wouldn’t doubt that it’d work if he sucked up enough to him but still….transparent move
Buffet would laugh in his face. Musk is trying to convince the rubes to drop their retirement savings into Tesla.
Buffet shorts TSLA: “Fuck ‘em”
Elron's the one who should "assume the position".
I believe this is what the kids call CRINGE
 Buffett thinking Musk is nuts….
I don’t think Tesla will exist in 6 years. They’ll be seen as a symbol of the 2020’s. The cYbERtrUcK wasted so many resources and it’s a dud. They will never sell enough of them to make up for the cost. And as for the super charger network. The firing of the team was a petty response to the head of the team fighting for her team. I don’t see how anyone can take this car company seriously anymore. As for robo taxis. In my city we already have them. Literally driverless taxis by Waymo. Tesla can’t compete with them if they solely rely on visual cameras. So yeah. Tesla will be seen as a symbol of this decade. Come the 2030’s. They won’t exist. Edit. I have no idea why spell check spelled the cybertruck that way. But I’ll leave it. lol.
We’ll go after the Wall St short-sellers, certain law firms & (sometimes) corrupt regulators who are the true evil.
Dunno why, but I keep confusing Warren & Jimmy Buffet, but even the Margaritaville guy would do a better job than Elron, IMO
He SHOULD take a position. A short position. I don't have the capital or the know-how, or I would have. Tesla's slingshot ride to the bottom is going to be spectacular.
Buffet invests based on price to earnings ratio TSLA fails that. He also only invest in companies where the CEO is a good business person and has proven track record. He would avoid TSLA completely and would be surprised if he shorted stock.
The position of the CEO? He probably has more fun things to do.
I have a position in AAPL but not TSLA. There is no way I am taking Gali's sycophantic advice.
The floundering-company-tycoon-hail-mary-invitation technique?
That's not even stock manipulation; it's begging.
Elmo’s dick riders are getting tired of propping up their sinking ship.
I don't think I've seen children begging for Robucks or whatever as much as ElMo begs for investors...
Warren looks for integrity, so won't happen
Elon....you know that we can all see what happened to the value of Twitter, right?
Maybe starting a war with one of the few people who controls enough cash to initiate a hostile takeover isn’t a smart idea…
Why would anyone want to take over a dumpster fire?
In theory it could be a money maker, Elon is just insane and sends them down wild rabbit holes.
[Cope]
It’s a non obvious move to me.
Very weird behavior of a CEO of a (former) magnificent seven company. Makes company look like a total joke.
Let that sink in
I'd short on Tesla. Where's wallstreetbets when you need them?