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Elon Musk ready to reveal part two of Tesla's "Top secret masterplan"

By midian182
Jul 11, 2016
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  1. Tesla and Elon Musk have been feeling the pressure lately. Following incidents involving autopilot-related crashes, declining sales and share prices, and questions over the SolarCity bid, the CEO is now trying to put the spotlight back on his future plans for the company.

    Musk sent out a Tweet on Sunday stating his intention to publish the second part of Tesla’s “Top secret masterplan” later this week. Back in August 2006, Musk unveiled the first part of this grand design: the cars that would become the Tesla S and Tesla 3.

    It’s speculated that this second stage won't be related to vehicles; instead, it may involve the company’s Powerwall home battery technology. It may also be linked to Tesla’s bid for solar panel installer SolarCity, for which Musk is both chairman and its largest shareholder.

    Speaking about the potential deal, which he called a “no-brainer,” Musk said: “Instead of making three trips to a house to put in a car charger and solar panels and battery pack, you can integrate that into a single visit. It’s an obvious thing to do.” Jim Chanos of Kynikos Associates called the bid a “shameful example of corporate governance at its worst.”

    Tesla and its CEO were criticized for their actions following the May 7 autopilot-related fatal accident of a Tesla Model S. The pair sold $2 billion worth of Tesla stock just 11 days after the crash, all without releasing any information about the incident.

    Tesla also revealed last week that it had missed its projected second quarter delivery target of 17,000 vehicles. The company delivered 14,370 units, causing shares to fall more than 3 percent. Tesla’s stock has dropped by almost 15 percent since April.

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  2. Cycloid Torus

    Cycloid Torus TS Evangelist Posts: 1,657   +309

    "Tesla also revealed last week that it had missed its projected second quarter delivery target"
    - apparently not a demand issue. Sounds more like vendor issues and challenging specifications.

    Jim Chanos is smart and has been 'seeing' the emperor's new clothes for years, but a 15% drop is just a correction.

    Interesting to watch - more fun that TV.
     
    DaveBG likes this.
  3. mbrowne5061

    mbrowne5061 TS Evangelist Posts: 338   +133

    Is anyone really surprised the a Musk company is struggling? He demands too much from his employees and suppliers, offering only 'fulfilling a passion' as incentive for the extra effort.
     
  4. Cycloid Torus

    Cycloid Torus TS Evangelist Posts: 1,657   +309

    Stories of Henry Ford are incredibly similar - but for HF it wasn't about offering only 'fulfilling a passion' - it was 'do you want the job or not?'
     
  5. RustyTech

    RustyTech TS Guru Posts: 865   +434

    So this is a double negative, does that mean he's really happy with the way Musk is leading his company and where it's going?
    In actually, I'm not exactly sure what Jim Chanos is trying to say or to what specifically he's eluding to; the bid for SolarCity?
    Ok OK Ok...I think I got it: Chanos is not happy that Musk is going to be saving customers a lot of money by bundling the fundamental aspects of solar energy usage (production, storage, and usage). I mean, how dare he not do what every corp out there does with 24 ft polls!!

    I think if I was Jim Chanos, I'd be really upset as well; can you imagine how much sad these corps will be when they can't purchase their $65m homes and have to settle for $35m?? so sad.
     
  6. risc32

    risc32 TS Booster Posts: 197   +87

    do "corps" buy homes? Does it effect anyone if they did? Solar city can't throw together a battery, and an inverter housed behind a shiney hunk of plastic? I know everyone was freaking out about that tesla home battery thing, but that's only because people are foolish, and can't run some simple 2grade math. So musk's "secret" plan is to save customers "a lot" of money. ? so he's like that money saving mom bloger, but a dude....
     
  7. ManuelV

    ManuelV TS Enthusiast Posts: 59   +26

    What do you want?, demanding the custumers to pay more?, or not making electric cars at all?, as long as I know he isn't making the big money with tesla.
     
  8. mbrowne5061

    mbrowne5061 TS Evangelist Posts: 338   +133

    If being 'let go' because you don't 'share the vision' - when really it is that you don't want to work 60-80 weeks for a salary that most get for 40 hours - isn't being asked to work for 'passion', then I don't know what is. A lot of people get blinded by the Tesla or SpaceX logos, only to find out that Ford, Toyota, Boeing, or ULA would have offered them just as interesting work with better pay and benefits for the amount of effort required from you.

    Musk doesn't run companies that are terribly great to their employees. Don't be surprised when productivity isn't as high as predicted.
     
  9. ManuelV

    ManuelV TS Enthusiast Posts: 59   +26

    I agree to disagree with you :)
     

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