Tesla financials

Peeking Behind Tesla’s Capital Curtain

During Tesla’s last conference call, concerning the first quarter of 2018, Mr. Deepak Ahuja, Tesla’s Chief Financial Officer (CFO), while answering a question from Rod Lache, an analyst at Deutsche Bank Securities, Inc., said: “Rod, we are very CapEx-efficient, overall. Let me just start from that point. And if we look at our depreciation costs on a per unit basis at steady run rate of 5,000 or so cars per week, we are in my mind well below most of our competitors – well below $2,000 per unit depreciation cost.”

Tesla Cutting Headcount 9% As Part Of Company-Wide Restructuring Plan

Tesla CEO Elon Musk announced several weeks back that Tesla’s leadership was working on a restructuring plan that would flatten the company hierarchy in an attempt to make the overall company more efficient. Today, he shared his full email to employees on Twitter, which detailed the first of many concrete actions Tesla is taking towards the new hierarchy. The headline heard around the world this week is that Tesla is letting 9% of its employees go. But let’s dig in further.

NYTimes Coverage Of Elon Musk Twitter Outburst Regurgitates What Pissed Him Off In The First…

I just published a long piece on why I think Tesla CEO Elon Musk was so wrong in his reactionary, broad-brushed response to certain media coverage. But as a great reminder of what has been raising his blood pressure for months or years, the NYTimes coverage regurgitated the narratives that have pushed Elon over the edge — without putting them in proper context. Ugh. Do you have to do such a poor job responding to his criticisms when we need to convince Sir Elon to keep away from generic media bashing?