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points by cmrdporcupine 1 day ago | 0 comments

Elon resigning from Tesla and just letting it run as a reasonable car company making just regular incremental quality and price and new model improvements on normal vehicles people want to drive could be the best thing for the company. The Model 3 is a huge success. That they didn't follow that up with just a regular pickup truck in a similar niche, and instead got distracted by this cybertruck nonsense is an indictment of Musk's poor leadership at this point.

They should just be the Toyota of EVs -- mass produce quality vehicles people want to drive -- instead he's trying to be Tony Stark and keep pumping it as a meme stock.

Tesla remains excellent at engineering and manufacturing. They need not seek the exotic.

He's a liability to that company, not an asset, at this point. And his name has become a brand liability.

[–] Forgeties79 1 day ago

The weird contradiction of musk is that his name is what’s propping up most of his companies/projects but his proximity to his companies is also a threat to them.

[–] cmrdporcupine 1 day ago

Only because the "product" has become the stock, not the cars.

If Musk left, the stock would crash. But the company would be profitable.

[–] Forgeties79 1 day ago

You’re right but so many companies are about the stock and not any sort of core product anymore. He’s got a very unique gravity well around him lol

[–] dimaggiosghost 1 day ago

You put it better than I could have.

It makes for an interesting argument why executive comp should be capped - so they can focus on the product as the product (to benefit consumers) instead of the stock as the product (to benefit execs especially in short term)