[allendale]

The Tesla board is concerned about Musk’s “recreational drug use. This is the beginning of the end of Tesla. The company burns cash, has squandered huge amounts of capital in “state of the art” giga factories and assembly plants that ,uh, just don’t function well. have produced products of dubious quality and suspect demand. What is more Tesla is spending more on attorney fees defending lawsuits and SEC investigations than it pays engineers. Without the wily Musk’s ability to find new investors, hatch schemes and keep creditors at bay. the whole thing collapses.

[Moonman62]

What is more Tesla is spending more on attorney fees defending lawsuits and SEC investigations than it pays engineers.

...

What’s your source for that?

[az_gila]

The Tesla board is concerned about Musk’s “recreational drug use. This is the beginning of the end of Tesla. The company burns cash, has squandered huge amounts of capital in “state of the art” giga factories and assembly plants that ,uh, just don’t function well. have produced products of dubious quality and suspect demand. What is more Tesla is spending more on attorney fees defending lawsuits and SEC investigations than it pays engineers. Without the wily Musk’s ability to find new investors, hatch schemes and keep creditors at bay. the whole thing collapses.

---

The Board of Directors seems to be more venture capitalist based rather than political.

http://ir.tesla.com/corporate-governance/board-of-directors

If they see Musk as putting themselves in a position of losing money, I bet they will simply break up the company and sell it off bit by bit...:^)

[catnipman]

ok, i easily found information about the musk drug use assertion, but can’t find anything about lawyers vs engineer fees. on the surface, it makes some sense given what’s going on, but do you have a link about that issue?

https://www.google.com/search?q=elon+must+drug+use

[SamAdams76]

The Tesla board is concerned about Musk’s “recreational drug use. This is the beginning of the end of Tesla.

I fully agree. Up to recently, I was a defender of Elon Musk. Politics aside, I like to see Americans entrepreneurs and inventors be successful. That's why I admire American innovators like Steve Jobs, Jeff Bezos, Larry Page, etc., even though I despise their politics. I generally like to root for the home team.

But if I owned stock in any of Musk's ventures, I'd be dumping it right now. His own board of directors (at Tesla) is telegraphing us to do so.

For me, Musk jumped the shark a few months back when he lodged that bogus pedophilia charge against one of the cave rescuers when they wouldn't accept the equipment he tried to donate. (This was when those kids and their coach got trapped in a Thailand cave.)

That was your sign that things aren't right with this dude.

[LibertarianLiz]

Without the wily Musk’s ability to find new investors, hatch schemes and keep creditors at bay. the whole thing collapses.

To quote Jeff Sika on last weeks Varney & Co., "Tesla is a dumpster fire."