Who bought the credits, who issued them, and why?

 

Basically - the government caps how much CO2 can be emitted by the vehicles that they sell across all vehicles sold. If a manufacturer is over the cap, they have to buy credits to get under the cap. If the average fleet emissions are below the threshold, they earn credits. Because Tesla, Rivian and any EV only manufacturers only make EVs, they get a credit for every vehicle they make and sell them to other automakers who are over their emissions cap

 

The Wall Street Journal has some in-depth reporting tonight that Tesla's board began a search last month for a new CEO. Whether that search is still in progress is unknown.

Article is paywalled: https://www.wsj.com/business/autos/t...board-0ce61af9

 

no paywall here, it's all over the place.

https://www.investors.com/news/tesla...elon-musk-ceo/

even if musk was kicked out, surely he'd still have a lot of clout being such a huge shareholder?

 

If you want to know why this forum is basically dead, case in point. More fake news from the WSJ, posted uncritically. This publication has no credibility they've been wrong over and over again.

 

for whatever reason the x post didn't show when i first read the post. here's an image of it for anyone else not seeing it.

 

It’s most probably sourced and substantially accurate. The WSJ isn’t exactly a salacious tabloid.

 

The Wall Street Journal has no credibility? LOL, okay.

I guarantee there is truth to it. Think about it, even if they were not considering ousting Musk they had no idea if he was going to even want to remain CEO or if he was going to keep on doing what he was doing, any board would begin the process of looking for other alternatives.

 

Interesting that you’re seemingly accepting that at face value. Some might even say you’ve posted it … uncritically.

 

Doesn't surprise me at all he takes it at face value lol

I can't elaborate but there was an article in the WSJ pertaining to my industry that was flatly denied by all parties publicly when it was released. I can tell you it was accurate. WSJ is a very legitimate source, they're not going to run something without a good source.

It can be accurate even if they were not seriously considering replacing Musk BTW

 

If Musk is ousted - Tesla stock price will crater.
The ONLY reason it has this insane valuation is what Musk can do. Without him, they are just another Lucid or Rivian.

Anyways - I think it’s much more likely Tesla will hit over $500 this year if they actually do the Robotaxi.

 

They are not at all just another Lucid or Rivian without Musk. They are a profitable company which neither of those are. Of course the high stock price is tied to Musk. With him going back to Tesla now I don't see him being ousted unless things continue to deteriorate.

 

^
They are not profitable if you take out the energy credits.
Their sales are down as well as profitability. I do agree Tesla is in better shape than Rivian and especially Lucid. The issue is they are losing market share globally and their products are stale.

Musk is a visionary that gives the stock price future value based on his past accomplishments.

Imagine what Apple stock price would be right now if Steve Jobs magically came back to life. It would be up at least 50%

 

Agree on all points...

 

The Jobs hypothetical is specious at best so let's look at facts, not made up numbers.

Apple's market cap when Jobs passed was 350bn. Apple's market cap today, notably off nearly 25% from its 52 week (and all time) high through nothing more than the general economic malaise, is 3.2 trillion, getting on for 10x since Jobs passed in 2011. Apple's all time high market cap was 3.73 trillion, so more than 10x the market cap when Jobs passed. To take Apple to not just the largest market capitalization in US history - which Cook did - and then exceed it by 50% means you think Apple's market cap would be 4.8 trillion.

We'll never know either way, but the probability of that being anything other than pure fantasy is extremely low.