Friday , August 19 2022

20 minutes – These five promises have broken Elon Musk


Tesla, a US electric car manufacturer, has recently raised more than $ 2 billion of fresh money from investors. Technician billionaire, Elon Musk, announced a capital increase on Thursday – although Musk had claimed to start for months that didn't need fresh money.


Do you think Musk is mad?

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Elon Musk has to crawl our back again and again. For many, our visionary promise is that it seems impossible. These are five promises, Tesla's Chief Executive has broken:

Elon Musk has been dreaming of cars driving themselves since he set up Tesla. It only seems difficult for him to distinguish between these dreams and reality. Again, the Chief Executive promised that Tesla self-drive: 2017 should drive one of his vehicles to display across the United States. The so-called "Coast to Coast" never happened. It has been postponed for security reasons. In 2019, Musk himself set the goal again that his cars can drive independently by the end of the year and be rented out as robotic taxis – experts suspect that this time it works.

Tesla's prudent production volume has long been a problem for the car manufacturer. As it doesn't help that Musk promises much more than he can catch: 2018 Tesla will generate a total of 500,000 vehicles, said in 2016 in a letter from CEO Elon Musk and CFO Jason Wheeler to investors. Tesla did not even reach this figure: The manufacturer produced only half the vehicles predicted with around 250,000 Tesla.

In summer 2018 Tesla removed 9 per cent of jobs – around 4,000 jobs. "We are making this difficult decision now, so we will not have to do it again," the Chief Executive said in a letter to the employees. But the rest of the Tesla workers were not safe: The next wave of redundancies came only half a year later. In January 2019, the manufacturer announced a further 7 per cent reduction in full-time jobs – reaching 3,000 other employees.

When Tesla introduced the solar roof tiles in 2016, Elon Musk described the proposal as "a roof looking better than a normal one, holding twice as long, costing less, and producing electricity too." Custody: model calculations show that the Tesla roof is much more expensive than a conventional one. Even if you built a photovoltaic system from another manufacturer on a classic hit roof with an eagle, that would still be cheaper than if you were betting on Tesla. Tesla bricks also produce less power than conventional panels.

In fact, it was more of an announcement than a pledge: In August 2018, Elon Musk wrote on Twitter that he had secured funding for Tesla's departure. As it turned out, that was not true – the US Securities and Exchange Commission accused fraud. As a result, Tesla's CEO lost her job as Chief Executive of the car manufacturer. The company is still listed on a US stock exchange.

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