TFA, “But emails written by Nvidia senior staff and widely shared inside the company suggest that Musk presented an exaggerated picture of Tesla’s procurement to shareholders.”

That’s a mighty accusation with substantial legal ramifications.

Tesla has already concentrated it's shareholders into an extract that consists entirely of people who crave fantastical promises and don't care much for the reality on the ground.

Any shareholder (even with only a single share) can kick off a suit based on breach of fiduciary duty, such as what happened with the single investor who took issue with Elon's pay package in Delaware's Chancery court. The accountability model is proven.

https://nypost.com/2024/02/01/business/the-heavy-metal-drumm...

Most often than not, companies get the shareholders they deserve. That's one of the beauties of capitalism.

I just looked around the Tesla subreddits and it is stunning how even in those subs, most people appear to have lost their patience with Musk.

https://old.reddit.com/r/teslamotors/comments/1d7xd7v/elon_m...

https://old.reddit.com/r/teslainvestorsclub/comments/1d7xc3n...

He sees the $45B slipping away, and he will take out his frustrations on Tesla. "Let that sink in." In a way, this makes life easier for his successor who might otherwise be blamed for the stock returning to a normal valuation for a competent EV maker.

It seems like a very straightforward, reasonable prediction on this story is that he's preferencing the companies he thinks he has a future with away from a company he might soon leave and if that's the case, I'm long on popcorn.

Something like "EV craze is over, let's get high on AI craze before it's too late" ?

Let’s get high on AI. That one is going to stick with me for a while.

How much is his golden parachute worth if he's fired?

Musk shouldn't be CEO of Tesla anymore.

He's a part-time CEO at best. Employees call him a pigeon CEO because "he comes in, shits all over us, and then leaves": https://electrek.co/2024/04/22/elon-musk-pigeon-ceo-former-t...

Lying to shareholders and diverting shipments of equipment to benefit his other companies does Tesla no good at all.

I find it hilarious how upset the C-Suite twittershpere was about "over employment," but Musk simultaneously having 4-5 CEO jobs is totally fine and should not be questioned.

You think having 2 jobs known publicly is the same as working 2 full time jobs in secret and signing legal paperwork at both that they are your only job while working 20 or leS hours at each?

> is the same

No, it is not the same, but it is quite analogous. The commonality is that obviously you cannot give your job your all, when you have more than one job. It's not like I am defending over employment.

One point of clarification is that you mentioned "2," while Musk is currently the CEO of the following 5 companies: X Corp, Space X, Tesla, Neuralink, and The Boring Company.

> while Musk is currently the CEO of the following 5 companies: X Corp, Space X, Tesla, Neuralink, and The Boring Company. Twitter X Corp and Xai are different companies,right? I assume he's the CEO.

so that's 6 companies

It’s not the same, but a person who is the CEO of at least 5 different companies has a lot more leeway to completely mess up those companies than the average grunt worker quietly doing the overemployment thing at two different companies.

Tesla SpaceX AiX TwitX

Now do the Count voice from Sesame Street as you count them up.

Elon is now alleged to have engaged in insider trading (selling off a bunch of his shares), only to turn around two years later and extort the shareholders by stopping non-auto initiatives at Tesla unless they grant him more shares (among other demands in the voting)

wont argue with that, but maybe he would be more comitted if he wasnt robbed?

Shareholder lawsuit of the day... :-)

local shop keeper "Orders" chocolate manufacturer to send the chocolate to his other shop

Chocolate manufacturer:

Who do you think you are? Lone Skum!

This is not the same because Tesla is a public company. It is more like saying a chocolatier owns the main shop with someone else, and then diverts the chocolate to a second shop that only they own.

You are actively hurting your partner by doing this. Elon has a duty as an officer of Tesla to help it perform well. Diverting or delaying company resources for the benefit of his own, private company is not good.

Am I the only one wondering what Musk is cooking up at XAI?? He may be planning to leapfrog everyone and go right into AGI!!

He may well be planning to, but it's somewhat unlikely that his guess for how is any better than anyone else's.

Not impossible — everyone else is also guessing — unlikely.

And so the maddening hype begins...

I'm looking forward to how "AGI is 2 months away" for the next decade.

Is there literally any reason to believe that, other than believing Musk is some kind of genius playing 4D chess?

By now it has to be clear he is a genius at playing 4D hungry hungry hippos. If there is some investor money or government subsidy to be had he will say and do anything to get it. If it's not there he loses interest

Lol, yeah sure. I also hear Tesla is a lock to have actual full self driving by 2016 at the latest. I'm holding my breath!

He’s been planning FSD for a long time.

He’ll keep planning AGI for a long time too.. perhaps forever..

Sounds like another item in this list https://elonmusk.today

Maybe once he wins the shareholder lawsuit, he'll ask for them to get shipped back to Tesla :)

Note his response.

https://x.com/elonmusk/status/1798007748728365503

How can xAI, a new startup, be more prepared for using GPUs, then an established AI company like Tesla with vast resources?

logistics? xAI might have an empty datacenter to fill, while Tesla's Texas one is bumping over some roadblocks?

Apparently he's just asked to swap the two shipments: the earlier one scheduled for Tesla to go to xAI and the later one for xAI to go to Tesla.

Storm in a teacup

CEO of two companies adjusts some procurement from one company to the other.

If we weren't in a Two Minutes Hate against Elon Musk, this news would rightfully be a non-story.

https://en.wikipedia.org/wiki/Two_Minutes_Hate

It's called self-dealing

There are many possible explanations other than self-dealing.

Here's more background on the accusation, and the facts we know:

https://x.com/WholeMarsBlog/status/1797984335322374395

A simpler explanation is Musk is not living up to his responsibilities as CEO of Tesla.

There's a clear conflict of interest. He's treating Tesla like it's his private business instead of the publicly traded company it is.

It's time for Musk to step down as CEO of Tesla.