Friday, February 16, 2024

Car Culture was a Mistake 8: You shouldn't outsource the EV industry to one South African bigoted maniac (who is probably a Cylon)

I Cylon Musk hereby Shadowban Taibbi!
Elon Musk is no Henry Ford.  Well, except for the depressive narcissism and loving embrace of Nazi Culture.  But, placing the entire EV car industry in his hands was a mistake which is paying massive negative dividends to America and the world at large.

Musk recently lost a decision in the Delaware Chancery Court, in which the Tesla Board attempted to award Musk a $55,000,000,000 (that's 55 BILLION) dollar CEO compensation package.

There is no amount of work, Elon Musk or anyone else could have done, to be worth $55 Billion in compensation.  The Gold Standard for contributions to the human race has to be Jonas Salk and his creation of the Polio Vaccine (which if done today, would get Salk death threats from conservatives and attacks from Reactionary Joe Rogan who would cut a promo promising to guillotine choke Jonas Salk).  And famously Salk declined to patent his literal life-saving Vaccine.  Elon Musk is no Jonas Salk he's not even a real boy.  Elon Musk is a Cylon.

Remember that Boards have a fiduciary duty to raise the value of the stock and company to the shareholders.  It's not a private business like the Chicago Bears who can pursue any bad coaching or terrible player development decisions they deem fit.

Musk is furious because he's got no Real Assets, only the false valuation of Tesla which Wall Street has for inexplicable reasons counted as more valuable than all other car companies combined.  On paper and computer servers that is, in the real world Teslas are rapidly aging and becoming an Albatros of a vehicle.

For instance, it turns out you can not drive a Cybertruck anywhere.  Now, I don't mean all those hilarious videos of Cybertrucks failing to navigate a mound of dirt or being unable to carry anything in their truck bed bigger than a bread basket.  No, I mean if the Cybertruck's exterior touches anything found outside it will corrode and destroy its "stainless steel".

“To prevent damage to the exterior, immediately remove corrosive substances (such as grease, oil, bird droppings, tree resin, dead insects, tar spots, road salt, industrial fallout, etc.). Do not wait until Cybertruck is due for a complete wash. If necessary use denatured alcohol to remove tar spots and stubborn grease stains, then immediately wash the area with water and a mild, non-detergent soap to remove the alcohol. Do not wash in direct sunlight,” “Some cleaners and car shampoos contain chemicals that can cause damage or discoloration,” and even “Do not use hot water.”

Anyway since we as a culture have decided to treat paper billionaires as though they really have assets and Musk then translated this into a purchase of Twitter despite not actually having the $44 Billion cash on hand to make the purchase, he needs the Tesla Board to give him real money swindled from the fantasy valuation of Tesla.

When you combine this with the on-going Scam of Crypto Currency, it seems exceedingly likely we are headed for a major crash, as Wall Street and other financial institutions continue to inflict the Ponzi scheme of Capital on humanity.

Of course, coupled with this were several high profile stories the Corporate Media dutifully reported as major issues for the EV Industry at the behest of the panicked pushback for the Petroleum Industry.

During, Chicago's bitter negative degree period in mid-January Teslas were abandoned at charging stations across the City.

Some Tesla drivers learned the hard way about how cold weather affects battery life.  Teslas lined up early Monday morning at a charging station at The Evergreen Marketplace, at 9200 S. Western Ave. in Evergreen Park. Some Tesla batteries died in Chicago's sub-zero temperatures, leaving the cars askew and immobile in the parking lot.  Drivers said some charging stations weren't working, and those working took much longer than usual to charge.

This just in:  Cold weather affects battery life!  

Meanwhile, on-line doofuses were giddy at the announcement Hertz to abandon their entire EV fleet and replace them with gas-powered vehicles.  The slightest investigation revealed, however, Hertz decision was not because of EV unreliability but, because Tesla's are losing their value steeply and the cost to repair Tesla's damaged by car renters was rising exponentially.

If you've read this far and are coming to the conclusion that Hertz's "EV problem" is, in reality, a "Tesla value and repair costs problem," you're not alone. It's difficult to draw conclusions about EV suitability for the rental car market when so many cost factors conspired against Hertz's mostly Tesla fleet.

In October, Hertz indicated that future EV acquisitions would benefit from lower purchase price and lessons learned from its Tesla fleet. Given Scherr's comments, we'd assume that it would strongly consider parts and labor costs in its calculus—and unless it comes to some deal with Tesla holding those costs down, that points to the company acquiring EVs from different automakers.

EVs are only 11% of Hertz's total fleet, so the 20,000 EVs the company is going to sell off by the end of 2025 represent 4.4% of the entire fleet. This does not seem like a permanent retreat from the EV business for Hertz, but rather a reallocation of a small portion of its overall assets in an attempt to hold costs down. 

Tesla and Elon Musk made Electric Vehicles cool again as the Big Automakers abandoned the technology.  That's the story, Wall Street, the Corporate Media, Musk Fanbois, and Cylon Musk himself sold.  It's been worth a lot of money.  Has it any value?  Maybe some, not $55 Billion, but then Cylon Musk has always been a weird, self-promoting, bigoted narcissist who loves Racism and the power he wields.

1 comment:

Burr Deming said...

Battery development does seem like the technological key to EV transport.

And your point is well taken: sketchy practices in ElonVille do set the cause back.