Pro tip. If you work for Elon Musk, don't go on a podcast and reveal non-public information about how he works. This engineer just did an hourong podcast with Tai Morris in which he revealed so much information about XAI and then the next day he was fired.A few things that he revealed that he really shouldn't have. Remember how XAI's data center called Colossics was built in 122 days. Well, he revealed information about how they were actually able to do that, including using 80 mobile generators.>> 80 uh mo ...

RT Colion Noir (@MrColionNoir)Today I watched a @Tesla Cyber Truck eat a 50BMG from less than 50 yards and not go through. My mind is fucking blown. ...

Core Viewpoint - CEO Elon Musk is advocating for a $1 trillion pay package that will be voted on by shareholders in November, raising concerns about its legality and implications for corporate governance [1][16][17]. Group 1: Tesla's EV Business Performance - Tesla's Q3 deliveries were solid, but there are concerns about future growth in the EV business, especially in a post-EV tax credit environment [2][4]. - Current estimates suggest Tesla's sales potential is maxed out at around 1.9 million units per year, with projections for next year dropping to approximately 1.6 million cars [3][4]. - Analysts may not be accounting for the declining growth potential, as the company struggles to maintain demand without effective advertising [4][6]. Group 2: Product Affordability and Market Strategy - The introduction of more affordable models is viewed skeptically, as reducing the quality of the product to lower prices does not equate to true affordability [5][6]. - The strategy of diminishing product value to sell at lower prices is seen as a sign of weakness, indicating a disconnect between Tesla's needs and its current actions [6][7]. Group 3: Full Self-Driving (FSD) Technology - There are significant doubts about the viability of Tesla's full self-driving technology, with concerns that it will not be operational as promised [10][13]. - Comparisons are made with competitors like Waymo, which are perceived to be outperforming Tesla's FSD capabilities [12][13]. Group 4: Shareholder Governance and CEO Compensation - The upcoming vote on Musk's pay package is criticized as potentially the most absurd in business history, with concerns about its legality and lack of negotiation [16][17]. - There is skepticism about the board's willingness to challenge Musk, as they are seen as closely aligned with him, leading to poor shareholder governance [19][20].

Core Viewpoint - Tesla CEO Elon Musk criticized proxy advisory firms ISS and Glass Lewis, labeling them as "corporate terrorists" for recommending shareholders reject his proposed pay package, which could be valued at a trillion dollars. This statement followed Tesla's earnings call, where the company reported a 12% increase in third-quarter revenue but fell short of earnings expectations, leading to a 3.1% decline in stock price [2][4]. Financial Performance - Tesla reported a 12% increase in third-quarter revenue but missed earnings expectations due to a higher-than-expected tax rate. The earnings per share (EPS) decreased by 31% year-over-year, raising concerns about the company's future earnings growth trajectory [2][4][19]. - Despite the earnings miss, sales and margins exceeded expectations, indicating some operational strength [4]. Shareholder Dynamics - The upcoming annual meeting on November 6 is crucial, particularly regarding the vote on Musk's pay package. Historically, Tesla shareholders have aligned with the board's recommendations, as seen in the previous year's meeting where 72% voted to reinstate Musk's 2018 pay package [5][8][15]. - Analysts believe that the new trillion-dollar pay package will likely pass, although possibly with a lower percentage of support compared to previous votes [8][9]. Product Pipeline and Execution Risks - Tesla is facing challenges due to a lack of new product launches, with only one new vehicle model introduced since the Model Y in March 2020. The company has been criticized for the disappointing commercial performance of the Cyber Truck [17][18]. - The company plans to achieve volume production of the Cyber Cab, Semi, and Mega Pac 3 next year, but this creates significant execution risks as the pressure mounts on Musk and Tesla to deliver these products on time [17][19].

Group 1: Tesla's Challenges - Tesla's stock is under pressure due to CEO's focus on downsizing the U.S. government and facing multiple business headwinds [1] - The company is losing first-mover advantages and favorable consumer sentiment, with loyal customers not purchasing new cars as before [2] - Protests at Tesla sites and record vehicle trade-ins are negatively impacting the company's outlook [1][2] Group 2: Competitors Gaining Ground - BMW is emerging as a leading competitor, improving its EV fleet and expected to grow EV sales from less than 20% of revenue in 2024 to 50% by 2030 [2] - Toyota's hybrid RAV4 offers a combination of reduced emissions and increased range, appealing to dissatisfied Tesla owners [5] - Lucid Group is positioned to benefit from Tesla's decline, with its Air lineup offering luxury features and production of the Gravity model underway [9] Group 3: Analyst Sentiment - Analysts have a hold rating on BMW, but there is potential for a high-single-digit upside in stock price [3] - Lucid Group also holds a hold rating, but there are signs of improvement in analyst sentiment and institutional buying trends [10]