The Lotus Cars Community banner

1 - 20 of 38 Posts

·
Registered
Joined
·
495 Posts
During times of monumental stress people often do things, which at the time sound logical, that might be otherwise considered bizarre at best.
 

·
Registered
Joined
·
1,044 Posts
During times of monumental stress people often do things, which at the time sound logical, that might be otherwise considered bizarre at best.
I don't know if being the CEO of a company could be considered monumental stress. Or did something in particular happen that made this guy go off his rocker?
 

·
Registered
Joined
·
2,731 Posts
...it's a damned shame to see a noble concept once again discredited by greedy mismanagement, but if tesla burns they'll have brought it on themselves...
 

·
Registered
Joined
·
6,911 Posts
Sorry to steal this pic, but it just fits too well

notthisagain.jpg
 

·
Registered
Joined
·
495 Posts
I don't know if being the CEO of a company could be considered monumental stress.
From what I understood, and I could be wrong, the company is close to bankruptcy. What I was attempting to convey is that I would imagine trying to salvage a company (and your job) during these difficult economic times might be fairly stressful. This doesn't even take into account any other personal-life problems this guy might have.
 

·
Registered
Joined
·
3,311 Posts
Elon Musk is a tool who got lucky with one idea (Paypal) and now he thinks he can run a car company.
 

·
Super Moderator
Joined
·
5,453 Posts
I don't know if being the CEO of a company could be considered monumental stress. Or did something in particular happen that made this guy go off his rocker?
Are you being serious? Do you think running a company developing an expensive new technology in times of financial hardship is a walk in the park???
 

·
Registered
Joined
·
10,000 Posts
they picked up $40 million in december from investors, seems unlikey they've used that up already, though you never know!
 

·
Modern Day Hippie
Joined
·
3,839 Posts
I want to say something, but I believe I signed a NDA as part of my separation agreement. ;)
 

·
Registered
Joined
·
1,318 Posts
they picked up $40 million in december from investors, seems unlikey they've used that up already, though you never know!
That's less than what GM burns thru in a single day! :wallbang:
 

·
Registered
Joined
·
1,044 Posts
Are you being serious? Do you think running a company developing an expensive new technology in times of financial hardship is a walk in the park???
It may not be a walk in the park, but it is no reason to get pushed over the edge. What's going to happen, he's going to lose the millions he's invested? He has more. He'll still be alive if the company fails. It's all self-induced stress. If he can't handle it, he shouldn't be the CEO. There are plenty of people out there that deal with more stressful jobs that don't freak out and go running out of control.
 

·
Registered
Joined
·
11,221 Posts
The bigger picture here is that he doesn't want this information, true or not, to be leaked because it makes the company look financially insolvent and that hurts investment and sales opportunities. It's not really about trust as you can tell from the article...didn't bother telling any execs.


And he knows that trust isn't going substantiate the company. Seems like a desperate measure to me.
 

·
Super Moderator
Joined
·
5,453 Posts
It may not be a walk in the park, but it is no reason to get pushed over the edge. What's going to happen, he's going to lose the millions he's invested? He has more. He'll still be alive if the company fails.
True - I just disagreed with your original assertion that it was a stress free.
It's all self-induced stress. If he can't handle it, he shouldn't be the CEO.
Self induced stress is still stress - but I agree with the last bit :)
There are plenty of people out there that deal with more stressful jobs that don't freak out and go running out of control.
Also very very true!
 

·
Banned
Joined
·
7,592 Posts
I guess I sounded like a jerk when I was saying it before, but now it's looking like there is an echo in here.

What a d!(#.

I saw some Tesla matchbox cars in the store yesterday and half thought about picking one or two up figuring they would be a collectors item soon, but even in that small regard and for personal gain I didn't really care to show that inkling of support for Musk.
 

·
Registered
Joined
·
494 Posts
What Musk is dancing around is that right now, if the company goes under, people holding deposits get nothing unless the company's assets are sold for more than $40 million (the recent round of funding, which is secured debt) plus any other secured debt lying around.

Unlike conventional deposits, where you would expect them to sit in a safe escrow account, for a Tesla deposit, you had to agree to allow the company to use the money for working capital -- making you an unsecured debtor in the case of bankruptcy.

And while Musk has said that he would make sure that didn't happen, he hasn't actually done anything about it. (for example, to put money equal to the existing deposits in escrow).

Steve
 
1 - 20 of 38 Posts
Top