It’s a remarkable admission of guilt, when you look at the Tesla fraud scheme as it is being spelled out in the latest reporting by Electrek.
Musk himself has previously said that Tesla’s stock is “worth nothing” if the company can’t solve autonomy, which attached a lot of Tesla’s valuation to autonomous driving.
Anyone with an ounce of technical expertise knows Tesla is a laggard in the industry, so far behind others that it’s killing dozens of people. We know in retrospect that the early representations of capability were lies, which should have shut it all down by 2018 (e.g. what happened to Uber).
Tesla lied about driverless from the start, has repeatedly killed people, and has showed no signs of truly accepting its faults or fixing them. The opposite, we see innovation mostly in coverups like repeatedly settling out of court and declaring a fresh start, burning investigators. Arguably the data shows Tesla becoming worse over time, not better, because Elon Musk uses money, heirarchy and patronage instead of quality to measure his engineering outputs.
This is due to the kind of pre-industrial mindset of unjust oppression, which is rooted in human slavery concepts painfully familiar to historians of South African apartheid, let alone the American Civil War. In other words, since the 1700s it has been a philosophical truth that humans can be measured on their integrity, as proven through industrial metrics based in ethical codification. Yet some attempt to poison these measures by capturing others (starting with attention) to orient them away from inhereted laws of ethics (as provable as laws of physics) and more to contrived and localized fealty and obedience to a tyrant.
Notably, Musk allows a “measure” to be invoked (like a dollar figure) when he knows it can be gamed to artificially paint legal failures into success.
Musk said the market is the ultimate scorecard for Tesla’s state of business.
That’s of course complete nonsense.
The market is not a scorecard of business, it’s a perception that can be entirely fictional. Enron is such a canonical example, it is a wonder how Musk can be qualified to be a CEO given he fails so openly and obviously at understanding foundational concepts. Imagine that quote coming from Bernie Madoff and you see easily the problem that Musk claims he doesn’t see.
And then note how and why he himself contradicts a false market doctrine that he pitched.
The CEO was then asked if he was committed to staying as head of Tesla for the next five years, to which he answered ‘yes’.
But he said that he would need more shares in Tesla.
Musk claimed that it wasn’t about money but control over the company:
“I can’t be sitting there and wondering if I’m going to be tossed out. “Now let’s move on.”
See? He doesn’t let the market be the ultimate scorecard. He rejects his own blessing of the market, removes all its power, because he doesn’t want to be accountable when the market speaks.
At this point everyone should be able to see the puzzle pieces together, Tesla is a worthless fraud.