Last Tuesday, Elon Musk was feeling desperate when he realized that the shortsellers were for sure right. So he published the fateful tweet almost going private. He would uncovering $72 billion inwards a trash tin as well as purchase the whole Tesla for $420 a slice (now he owns 20% of the company). The stock jumped past times to a greater extent than than 10% because a huge issue of the Tesla "investors" are incapable of figuring out that such a excogitation was clearly nonsensical.
In the next days, Musk admitted that he hadn't "secured the funding". He was just "seeking" it. Before the Tweet, the board hadn't heard almost whatsoever proposed source of the funding, either – this is arguably plenty to assay that Musk has committed securities fraud because a "secured funding" would receive got needed an blessing past times the board. And he wanted to rely on electrical flow investors' "staying" inwards the novel "private" shape inwards some strange, unspecified way. Musk also said that Saudis, Goldman Sachs, as well as Silver Lake were assisting him alongside the buyout plan. All of them later on denied it. And exercise y'all recollect that Trump would applaud such a large Saudi investment inwards the U.S.? An investment from the same province that has funded the Islamic State as well as bought Hillary Clinton? Also, Musk has violated the police delineate past times having blocked some Twitter users because all of them had the right to larn the vital Tesla intelligence – e.g. almost the buyout – from the official source, Twitter, at the same moment.
During the recent days, a bulk has figured out that what he wrote was just an immature as well as criminal deceitful message driven past times his hate towards the shortsellers as well as there's no expert argue to expression for whatsoever total behind the tweet – just similar at that spot is no total behind almost whatsoever hype nosotros remove heed from Tesla.
Today, Musk needed the stock toll to drib past times 9% to $305 or so, just 20% below the post-tweet toll of the terminal Tuesday (yes, the electrical flow toll is already good below the pre-tweet value), then he gave an interview to the New York Times. The most recent twelvemonth was "excruciating" as well as the worse one, nosotros were told. Well, it was an average one: it was worse than the previous years but much amend than the next ones.
Maddoff got 150 years for his frauds – there's no argue for Musk non to fit Maddoff. The SEC is investigating both Tesla's board as well as Musk personally because of many cases of wrongdoing, non just the tweet. Another line of investigation revolves or then Musk's misleading information given to the investors almost the production of Model 3.
In the interview, Musk says that he calculated the toll $420 past times adding a 20% premium to the pre-tweet toll as well as rounding the resulting $419. No weed was used at that moment, he claims.
Meanwhile, Musk faces several sometime employees who became whistleblowers. Martin Tripp has posted lots of shocking pictures of the mess at the Tesla factory. Tripp's lawyer has advised Tripp to delete the Twitter account, @trippedover, but I've seen it before the business organisation human relationship was deleted as well as the pictures were bad enough. Twisting tubes that should live straight, punctured batteries, lots of trash everywhere... Now, some other whistleblower, sometime Tesla's investigator Karl Hansen, pointed out that the bosses of Tesla tolerated a Mexican drug trafficking ring working right within the Gigafactory. Theft as well as spying of the employees is rampant there, Hansen added. Tesla frantically tries to deny the reports. Lawsuits receive got been filed inwards all these disputes.
Meanwhile, half-tearful, half-laughing Musk has described himself as a ruin inwards the New York Times. He sometimes doesn't move out the manufacturing flora for 72-96 hours. He plant for 120 hours a week. Just for your information: 120 is v times 24. So it agency working 24 hours a day, v days a week, or 5/7 of the 24 hours, seven days a week. He's non seeing kids, friends, of course.
He's non sleeping as well as when he needs to sleep, he takes Ambien. Ambien is rattling effective inwards making y'all slumber but it has lots of disturbing as well as serious side effects.
During its 15-year-long existence, Tesla has accumulated over $20 billion inwards full liabilities, including to a greater extent than than $10 billion inwards debt. And it's notwithstanding non making a profit. Signs are getting stronger that the claim that this quarter would modify everything were just some other illustration of a wishful thinking. As Tesla is getting older, its adventure to brand a turn a profit may genuinely live getting worse – e.g. because of the growing spectrum of competitors (most of them may afford to subsidize their Tesla killers because they genuinely arrive at other, profitable products, different Tesla).
Since my childhood, I was exposed to the observations how badly the prosperity of my patch was crippled past times communism – relatively to nations shielded from communism that were as or less rich or then 1930. You know, communism plant extremely badly as a arrangement as well as it's a pure evil to impose it on whole nations. Bad systems atomic number 82 to unhappy as well as poorer people, collapsing moral values, as well as worse.
The totalitarian arrangement did a lot to obfuscate or deny its intrinsic inferiority but everyone who wasn't brain-dead could come across it. All the protections of the workers may receive got sounded neat but they were ultimately a part of the argue why communism sucked. In capitalism, companies sometimes choke bust, people are sometimes fired, as well as those are bad things according to Marxist ideologues. But these examples of "creative destruction" are genuinely positive events inwards the large moving-picture exhibit as well as inwards the long run. They're positive because they gradually force individuals, companies, as well as nations towards better, to a greater extent than satisfying, as well as to a greater extent than plumbing equipment types of piece of work as well as to a greater extent than effective ways to exercise the work.
Like communism, Tesla is an illustration of a totally flawed arrangement that makes pretty much everything dysfunctional. Like communism, Tesla is a outcome of a volume motion edifice on profound lies. Lies almost the unsafe man-made global warming. Lies almost the electrical cars' superiority. Lies almost the advantages of every unmarried modify that Tesla does differently than others – spell almost all of them are genuinely disadvantages. Lies almost the expectations for the side past times side quarters as well as untrue interpretations of the past. Lies almost the ways how the value of a society may live estimated. Lies almost shortsellers, their motivation, as well as their intelligence. Lies almost the CEO's supernatural abilities. Lies almost everything.
The most full general defect of this Tesla motion is the same key matter that underlies the totalitarian regimes: the de facto ban on questioning of the dogmas. People who halt worshiping Tesla alongside all of its ludicrous self-praise are treated as apostates. If you're surrounded past times these Pravdogs, y'all can't safely brusk the stock. You can't betoken out whatsoever inconvenient fact. You can't exercise many other things that are normal inwards all other companies – as well as that are the actual engines of capitalism.
I experience some pity that the society is then fudged upward despite the fact that Musk plant for 120 hours a calendar week – the normal fourth dimension should genuinely non live longer than xl hours a calendar week for a human being of his status. But the pity is express because I recollect it's right for dysfunctional companies similar that to choke bust – as well as if some people can't alive without edifice such dysfunctional models, it's right when the collapsing companies receive got these people alongside them.
Jeff Bezos' internet worth is over $150 billion as well as he's for sure working less than 120 hours a week. I don't genuinely recollect he's a genius but he has but created a arrangement that plant properly. It's non impossible – as well as it's non fifty-fifty also hard – to create such a system. But because Amazon.com plant as well as genuinely makes many things to a greater extent than efficient, it's natural for this novel corporate civilization to expand as well as gradually supplant the older solutions that hadn't worked also well. I notwithstanding experience some nostalgia almost this elimination of the old diverseness but there's clearly a justification for the process.
But no such justification exists when a society just doesn't piece of work good at all. And Tesla just doesn't work. Some people similar the cars as well as they they could receive got afforded them. But those cars were partly funded past times the investors as well as lenders who won't come across their coin in ane lawsuit again when the carnival stops. You wouldn't require whatsoever Tesla for that. You could purchase a Lamborghini for 100,000 people as well as fund most of the toll from gifts of similar, Tesla-like misfortunate "investors" who would live persuaded that the novel Lamborghini CEO is the Iron Man who but does miracles if he gets some coin from you.
At the end, the absence of a commercial success proves that the whole Tesla arrangement is just flawed. And it's genuinely the arrangement – the big-picture blueprint how Tesla is supposed to live operate – that should live considered the founder's or CEO's brainchild. So the brainchild is no good. To compensate the innate defects, Musk plant for 120 hours a calendar week as well as devours boxes of Ambien. That's an sweat to solve a work past times fauna force.
But the Tesla's problems are deeper than something that may live solved past times fauna force. The blueprint as well as the vision are completely wrong. Even if Musk could piece of work for 700 hours a week, he just couldn't fix these flaws. These flaws are to a greater extent than profound than the departure betwixt a CEO's 40-hour-long as well as 120-hour-long workweek.
Ten months ago, I genuinely wrote a similar text almost Andrej Babiš, the electrical flow prime number government minister of Czechia, a sometime communist rat, as well as a billionaire. Like Musk, he's also a hard-working billionaire. However, he deals alongside a much simpler, old-fashioned applied scientific discipline than Musk. Instead of producing electrical cars, Babiš was moving šit from ane house to another, aside from less profitable but analogous parts of his business.
The expected as well as actual grade of modernization as well as experimentation that Babiš gave to his companies – before he placed them to a trust – are clearly smaller than inwards Musk's case. Babiš – a would-be dictator of the richest province of the sometime communist bloc – has no thought how to utilization the computer. Do y'all know how to utilization a computer, Mr Babiš? I don't know whether I can: I haven't tried it yet. So at that spot weren't also many places where he could screw things genuinely badly. He just did what they did before, he just threatened many other smaller owners as well as concentrated all these šit-moving businesses inwards ane large company that he conquered. The big-scale concentration of the majuscule – basically the same matter as the collectivization of agriculture after the 1948 communist coup – is his solely full general plenty "modernization" idea.
But their method to bargain alongside problems as well as their workaholic mental attitude genuinely are analogous. Both of them are genuinely similar to the Stakhanovite movement. Alexei Stakhanov was a Soviet coal miner who surpassed his expected personal excogitation past times a component of fourteen during a 6-hour-long shift inwards 1935. So everyone was supposed to emulate it. Stakhanov was a role model, every neat guy was supposed to live a Stakhanovite. But is it such a expert algorithm? Is it expert to force lots of people into this framework of work?
Stakhanov himself had to retire prematurely as well as at that spot were lots of health-related as well as fiscal problems as well as hidden expenses that resulted from the Stakhanovite movement. So whether it has helped anybody is disputable. But to a greater extent than generally, the solution of problems past times fauna forcefulness is but non the solution that makes the people happiest inwards average. Sane people just don't want to live overworked. It's incorrect to brainwash the workers as well as enjoin them that they genuinely dearest to cripple themselves – which is what Musk tells himself as good as his employees who are nether immense delineate per unit of measurement area now, too.
You know, Tesla workers, all these things are just additional Tesla lies. If y'all larn overworked or dedicate your wellness to Tesla, y'all volition live sorry almost it inwards the futurity if y'all survive. Influenza A virus subtype H5N1 proper CEO would genuinely assay to brand his employees happy as well as healthy, too. (Well, nosotros could claim that Jeff Bezos isn't a saint inwards this honour at all, either.) That's ane of the reasons why Czechs ofttimes dearest to lionize Thomas Baťa, the founder of the large Czech shoemaking company. The employees were treated genuinely nicely.
Influenza A virus subtype H5N1 amend way (than also much forced hard work) is to invent a better, to a greater extent than efficient system. Like capitalism instead of communism. Or Amazon instead of some smaller bookstores alongside lots of unnecessary expenses as well as piece of work that is done several times although it could live concentrated. And then on. Ford has invented the assembly line, Bezos has arguably invented something remotely comparable. But Musk hasn't invented whatsoever result that could live considered analogous. He's constantly described as the originator of some expert novel ideas but at that spot aren't any. There are solely obvious yet lousy ideas whose lousiness is existence constantly obfuscated past times the pseudo-religious motion of the stupid Tesla fans.
I recollect it's obvious that Musk's, Babiš's, or Stakhanov's method to bargain alongside problems past times fauna force, past times working for 120 hours a week, is associated alongside their despair, alongside their inability to exercise better, alongside their existence average people. Almost past times definition, a individual who approaches problems inwards this way isn't a genius. He's an assiduous, diligent... he's similar Mr Hujer or Eurohujer from a well-known Czech comedy. Influenza A virus subtype H5N1 guy who wasn't genuinely expert at anything but who worked hard as well as genuinely wanted to brand a large career, then he was also flattering the right people all the time, as well as then on.
Compare it alongside Albert Einstein. He didn't empathize why quantum mechanics was needed as a novel foundation of physics but it's notwithstanding right to say he was a genius. He could also piece of work hard. He worked hard for weeks when he was completing full general relativity, as well as he worked hard for the 6 amazing weeks during his miraculous year, 1905. He completed the (Nobel-prize-winning) newspaper on the photoelectric effect, an explanation of the Brownian motion, as well as 2 key papers on special relativity within these 6 weeks. But what almost the balance of his life? Well, non then much.
The National Geographic TV series, "Genius", made it rather clear that he enjoyed (sex alongside many sometimes random women and) a comfortable plenty occupation. His manly individual parent hadn't believed that a theoretical physicist could receive got been a feasible line – before 1900, it just wasn't that normal to live a professional person theoretical physicist. Albert Einstein has proven him incorrect – well, the proof was spectacular. In some sense, immature Einstein was able to come across that he could live able to brand 2 genuinely groundbreaking discoveries inwards his life, as well as peradventure a few others, as well as that's plenty for him non to piece of work for the balance of the time.
Einstein's contributions were then groundbreaking that almost no ane dares to enquiry that they were to a greater extent than than plenty for "one life worth of salaries". But the special theory of relativity was genuinely completed within weeks. And full general relativity took 10 long years but it's partly because Einstein has worked for much, much less than 120 (or fifty-fifty 40) hours a calendar week inwards average. If someone similar Einstein has a reasonable adventure to consummate something similar full general relativity inwards the side past times side decade as well as he wants to piece of work for xx hours a calendar week to exercise it right, y'all should notwithstanding offering him what he needs. He could notwithstanding receive got known that it would receive got been plenty to brand him an indisputably legitimate theoretical physicist. And he was right.
Much of the technological as well as related progress is driven past times laziness as well as the want for comfort. Laziness as well as comfort are ofttimes presented as negative traits because we're thinking of the people who genuinely abuse them. But they play quite some role inwards the achievements of the geniuses, too. Influenza A virus subtype H5N1 expert managing director of a automobile society but does invent some way how to exercise the same piece of work without existence inwards the manufacturing flora for 120 hours a week. Most of the things may live done past times someone else – as well as a sane CEO alongside a realistic perspective on himself as well as other people knows that he is replaceable inwards most things. Sometimes these replacements require to live paid a lot but it's fine. If the excogitation isn't sufficiently financially audio to pay an adequate wage to an adequate issue of people who but exercise a reasonable amount of piece of work without the require to devour Ambien, it's but a rattling bad plan. And that's the illustration of Tesla.
So I experience some pity alongside Elon Musk as well as everyone who has been caught into this giant mess. But I also wishing them that this crazy carnival stops as presently as possible. The before Tesla stops its operations, the amend for everybody including Elon Musk (and particularly the shortsellers who badly deserve the profit).
By the way, I recollect that Musk's cult is then essential for the highly non-standard Tesla theatre that as presently as he would live replaced alongside a professional person CEO inwards the criterion sense, the religious folks would outset to escape, the stock toll would plummet, as well as the debt would choke unsustainable according to almost everyone (it's already rated junk past times the rating agencies). Influenza A virus subtype H5N1 necessary status for Tesla to proceed on running for these years was the clown at the top!
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