Elon Musk's $$$ Trillion Dollar Threat! | 25% or NO TESLA AI!
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- Опубликовано: 30 сен 2024
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Tesla is much more than just a car company and their AI & robotics program has the potential to be more valuable than all of Tesla combined. That is why Elon’s recent threat of building AI products outside of Tesla if he doesn’t get 25% control of the company is such a big deal! In this video I discuss Tesla AI and it’s potential, Elon’s threat and what this all means for Tesla’s future.
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Purchase price, training, running, maintenance and repair costs will be the five critical factors which help a manufacturer to determine whether to buy a robot or retain a human being.
Elon's argument is not without merit. The real value of tesla is the integration of Automotive, Energy, Robotics and AI.
Earth/Mars
Your stretching the bounds of reality. Fairy fluff at best.
Hyundai paid a billion for Boston Dynamics 80%…. Those bots make Tesla bot look like kids toys.. so trillions in valuation is pure GARBAGE
@@mddell24
Care to explain what you mean?
I agree value in Tesla is in its real world AI formulated and paid for by massive investment in FSD and the promise of same has kept investors in long term so to hear he wants to slice it off is reprehensible.
Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place...
People don't understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments don't match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I'm surprised that you just mentioned and recommend Mr Jeff Clark. I met him at a conference in 2018 and we have been working together ever since.
Sounds interesting. I was planning to invest some few £ in some coins, stack them up and leave them for a few years, but seeing this changed my mindset. Thank you very much
He should have his 25% and that's it
The question is weather Tesla is better run by Elon Musk or the big fund oligarchy.
The oligarchy has every chance of acquiring total control of Tesla and tends to make strategy based on raping rather than innovating - see legacy auto.
Elon always plays the long game, so I trust he has a plan - either way.
I think I speak for the majority when I say, retail investors will ditch Tesla as Tesla ditches Musk, and I hope the innovative heart and soul, of the people who are Tesla do the same, because IMHO electrification is done, but automation has only just got started, and we need them under trusted leadership.
Good point, this loyalty to share holders over safety, country and public good has ran this country into the ground. One president doe one thing, the next president destroys it. Meanwhile China educates their people, invests in their cities, town and takes a long term view of their decissions.
Personally, I would return to a Tesla position if Tesla dumped Elon. I dumped my Tesla shares right after voting no on his pay package. If he wanted control, he shouldn't have sold his shares earlier. It's not up the shareholders to fund his ventures outside of Tesla.
@@krakken-Aren't you online somewhere else like oculus or something I recognize that name
It’s impossible for Elon Musk to pull robotics and AI out of Tesla if he did not get 25% control. I’ve been with Tesla for years and have invested a fortune into Tesla for the purpose of robotics and AI. Legally, it’s not possible for Elon to do anything drastic like that with or without 25% Control. I did vote yes for other reasons
It's possible for Elon to build AI using spacex or neuralink for e.g. if you don't pay the guy for his work he reserves the right to do whatever he likes.
He can't pull FSD and Optimus but he can slow down the process and build new AI outside of Tesla 100%
Maybe, and you're probably right. But he will implement all his next ideas in boring company, x and so on. Not in Tesla. Tesla price is mostly high because of what Musk will do next. Sell current Tesla to Ford and its value drops to a third instantly and in 5 years it's been overtaken by BYD, someone else. Elon is the value of Tesla so what is legal doesn't really matter here
I’m a widower and getting to where I cannot safely climb ladders, move heavy objects, or work long hours. I would buy a humanoid robot today if it could learn to do household and outside chores and could talk sensibly to keep me company in the evening. Eventually I expect robots will be able to supply all services of domestic servents and the services I would expect of a nursing home.
Bro, it literally sounds like we’re creating slaves for us. Something doesn’t feel right about making robots do everything for us
@@tfpnation6925bro, do you cry when a ruler is “abused” in order to draw a straight line? It’s a thing!
@@MathGPT okay bot
@@tfpnation6925 isn’t it ironic you both think I’m a bot and think bots are sentient creatures??
@@MathGPT your intelligence is far from the equivalence of a singular entity’s
Tesla is nothing without Elon. He should have a 49% share in the company.
Over the years, Elon voluntarily sold shares in Tesla , for example, to venture capitalists to help the company grow. What is your logic for why he should retain 49% of shares?
Nonsense, he's done nothing but remove value from the company for the last 2 years.
😂 Tesla needs Elon as much as people need hemorrhoids.
@@JRP3 I love you guys with your selective times and dates. Elon is Tesla. Tesla is Elon. And it has been since inception and when Tesla went public in July 2010. So lets look a bit deeper into your childish little theory. Has Tesla lost value since May 2022? Yes it has, around 19%. So Elon lost 19% value. Bad, terrible Elon. But what value did he provide from the July 2010 to May 2022? Only a mere 17,189%. Even allowing for the last 2 years that really really concern you, Tesla is up 13,903% since July 2010. You selective data guys are low IQ
Elon gave birth to Tesla, it is his baby.
Its not a threat. Its a choice for shareholders. If you dont want to retain him then hes gonna go do other things. A good way to retain him would be to simply PAY THE MAN what was promised!!!
Pay the guy what was promised in a written contract and call it a day. Don't let some biased judge mess up the right thing to do.
He promised it to himself
56$ billion when tesla has only had profits for max 25# billion over that entire lifetime and that only because of government and carbon credit elon is not even worth a dollar and they have no AI their robbot can only go straight out and they have book download from the net everything else it does ggi or a human who makes the moves for the elon electric jesus is a liar.
0:13 He did not threaten anything that is a false statement.
It sure sounded like a thread. “I feel uncomfortable growing AI and robotics in Tesla if I don’t own 25%” and he already run xAI as his private AI company next to Tesla.
My guess is that Tesla is already paying xAI to help with AI in Tesla, it’s an easy way to move talent to his private company.
All of a sudden Tesla just license AI from xAI and xAI own both FSD and Optimus.
At least this could happen, so if we don’t give Tesla to Musk he will take it himself.
This Channel is becomming too much clickbait, with FUD titles.
Elon has said that he's not comfortable with too small influence on the future of AI in Tesla. That's all!
With so much of voting power from those who regard Tesla as only a car company, it a clear an present risk of bad decisions.
So, it's a quite an understandable point of view. Although Musk himself is responsible for getting into that situation.
Tesla owns FSD and Optimus, as far as they have developed. And they have the manufacturing ability needed for Optimus.
Those will always stay at Tesla!
But these aren't yet AGI,
The risk for Tesla is that Optimus won't become the quick learner of new tasks we hope it will be. And perhaps, that Robotaxi will stumble.
If there's a non-confidence vote against Musk, his position at Tela becomes untenable. So he probably would have to abandon what he sees as his baby!
The risk for Tesla is, in addition to losing Musk, which they then shown they don't want, is to lose key personnel in the AI and robotics teams.
But that would just be a consequence of that the view ofTesla becomes as a less viable company in those areas.
They vote with their feet against the shareholders bad decision, as they see it.
That response would just show that the shareholders didn't understand where Tesla have its future.
One point that I think people are missing in connection with Elon's compensation package is the issue of intellectual property.
If the package is voted down, does that mean that Elon ceases to be an employee of Tesla and becomes an unpaid volunteer?
If a volunteer, and unless he had signed a specific waiver, the IP he created or helped to create belongs to him.
At min 2:40 there is an error. Elon Musk is talking about 25% voting rights while you Jon, say he wants 25% ownership.
Thanks for pointing that out. What is the difference between 25% voting rights and 25% stock ownership?
@@Cleanerwatt There are special constructions, realized through special stocks possible (e.g.in Germany the State of Lower Saxony has much more voting rights on Volkswagen than on the ownership - Vorzugsaktien higher dividend, less or no voting rights).
In Musk buying Twitter (which somehow was good but could have done different in not destroying Teslas stock value below 200 US$) he sold a lot of stocks. His problem. But the BOD should have more intervened.
Personally I agree on 25% voting rights from now (see e.g. Ilya Sutskever leaving OpenAI, on the risks right now) but I don't agree on just giving 10 or 15% additional Tesla stocks to him.
On this subject I also sent a question/issues on the web form to the Tesla BOD maybe two weeks ago. No answer.
There is no voting about the 25% voting rights. Also the upcoming compensation package is completely in the dark.
Back to voting rights, special stocks. In the US, I think Google/Alphabet has this.
@@klauszinser well said here. i would like to add, with no pay package Elon will walk. he will take the engineers with him he wants and never get involved with a public company again. x, xai, space x all private. no pay, we lose him. tesla goes to vehicle value and some change for energy storage. im thinking 50 to 60 a share
@@klauszinser the downside risk here is serious. i took half my shares off the table which was in itself a 3x from initial investment. now playing with house money only. well diversified into the big tech for the AI revolution. im sad we never be able to invest in a musk venture again after this but i dont blame him at all
@@RetireandGoElon may very well walk but the engineers won't go with him. 😂 Most of the engineers can't stand the guy, they are there because they like the products they are working on.
If you place a very risky bet, double or nothing on a very unlikely outcome you will have to work your ass off to achieve, and then you win the bet, it is WELCHING to deny the payout. You can't just say you don't want to pay because it is a lot of money. Nobody wants to pay after they get what they want. That's why we have written contracts and courts to enforce them. If Elon hadn't met the goals and didn't get paid anything, he would have lost the bet and do you think the same judge would have stepped in and invalidated the same deal, saying he didn't get paid enough for his time? No way. The court should be looking at other companies where the CEO makes hundreds of millions while the company does poorly. Or looking at deals before they are signed and accepted and the work is done.
The oligarchy had already determined Musk is a threat and should be oppressed.
The law is applied as needed, justice, its foundation in civil morality, is inconvenient and unnecessary to their goal.
The odds against Musk's success were high but not 0, however, reward was not in the set of allowable outcomes.
Such will also be the outcome of the shareholder vote.
This is the truth.
while contracts and their enforcement are crucial, the issue with Musk's $56 billion package is more nuanced. The Delaware court found that Tesla's board, filled with Musk’s close associates, failed to negotiate the package at arm's length, which is a cornerstone of good corporate governance. The compensation goals were deemed not particularly challenging, and Musk's substantial existing stake in Tesla already provided sufficient incentive for him to drive the company's success. Shareholders have seen lofty promises that inflated valuations without the commensurate results. It's not about welching on a bet, but ensuring that executive compensation aligns with genuine, ambitious performance goals and fair processes.
@@N.Wesselmann I understand, however, the court should have stepped in BEFORE Elon did the work and achieved the goals. If Elon had done the same work and failed to earn the compensation, would the court have voided the agreement, insisting that he be paid for his work? No. It was considered fine to dangle a big carrot to motivate Elon to work hard because the shareholders didn't expect he would get it. Even if he did, the shareholders would be greatly enriched. Elon was being punished for things he did afterward that lowered the stock price. This is like a guy in the Middle East who is in love and gets married but a few years later becomes disenchanted with his wife and so says "I divorce you" three times in a row and gets to walk away and the wife gets nothing. The shareholders voted for the package with full knowledge. There was no deceit or fraud. The judge is simply saying that in her opinion he got paid too much for the work he did, invalidating the vote. Allowing the shareholders to vote again after they already got the work out of Elon is unfair and wrong. If someone buys a car or house for an agreed price and fully uses the asset, they do not get to years later back out of the deal because a judge thinks they paid too much. Not unless they prove fraud or that the buyer was legally incapacitated at the time of the agreement. To assume that the shareholders simply relied upon the board's recommendation without any consideration on their own implies incompetence. That means shareholder voting is worthless and the court must step in and decide or approve ALL CEO compensation packages. Everyone who lost money investing in the stock market should be able to invalidate their purchase decisions.
If tesla market cap drops 50% from here, he'll get whatever he wants. Lol
I think his track record is good enough to deliver. 😎💵
The title has so many problems. First, Elon singled out Tesla bot, not AI. AI includes fsd and Elon specifically said it will succeed with or without him at the helm. Second, as others have pointed out he was talking about voting control not % of ownership. Please educate yourself on the differences between the two. Cleanerwatt has been pretty clean with the clickbait stuff, but I guess we all make errors. Please fix.
Here's a possible scenario:
- Tesla spins off FSD and Optimus as a standalone company (all Tesla shareholder gets proportional share in new company)
- Elon quits as Tesla CEO and sells some/all of his Tesla shares
- Elon uses cash from Tesla sale to increase his ownership of FSD & Optimus spinoff to 25% or more or takes the spinoff private
- Elon becomes CEO of FSD & Optimus spinoff
Elon is nothing but spin 😁
Tesla apparently had FSD in 2017. Lolololll
Pump it up, pump it up, pump it up...
The instant Elon leaves Tesla I will dump my shares and invest wherever he goes.
BS. Full self driving mode is a smugly asserted myth and will remain a myth for a long time. Also, screw the robots replacing so many people - that would be a path toward a very unstable, dystopian society...
Elon is the voice of Tesla, if the situation was reversed would you continue to put your blood, sweat, and muscle into anything for less. In fact let's be realistic. Sounds like someone else is trying to be the boss over Elon. Hmm
Just back to laugh at everyone that said no and sold, listening to random people on RUclips. Who’s wrong now
Without Elon’s drive Tesla would slow down. They would eventually be just a car company.
Caller: "Hello, we need an advanced robot that can wander through our office".
Tesla: "We've got you covered".
Or do security surveillance in our store or factory or college.
Do we want a CEO that uses his greed to blackmail shareholders? He wants us to pay for his investment failure of Twitter.
When has Elon ever been overturned by the Board or shareholders? Elon sold his shares, his choice, if he wanted to keep his 25% he shouldn’t have sold his shares.
He probably didnt expect that his compensation which he deserves would be overruled by some woke judge. So it would have been much easier to get his 25 % (ownership or just voting rights) with last compensation plan and the new 1.
Every1 would be happy when we would see Elon pushing TSLA to 5 trillion market cap.
Perhaps he is largely right. Though he did concede on Model 2.
As Im getting on in years I would buy or hire a robot to help me through my day
Elon is the man- leave the haters in the dust!
Simpin ain’t easy
The AVERAGE Consumer Can't afford to $7500 for FSD ...UNLESS--- Auto Insurance Providers give DISCOUNTS to FSD USERS...
So much potential, so little progress. Selling more cars than the Volkswagen Group while running a taxi fleet? Generating more revenue from energy than most energy companies? Selling 50 million robots a year? Why not throw in a time machine while we're at it?
Before we bought our Model 3, we were promised a $30k income a year from the so-called Robotaxi, based on FSD technology that was supposed to be completed by 2017. To be fair, we didn't buy the car for the Robotaxi business, but let's be honest here. It’s not a big deal if some promises are delayed by a year or so, but come on. None of the promises are even remotely close to happening. My car here in Switzerland can’t even recognize speed limits, unlike every somewhat modern BMW.
Let’s not forget the truck that was promised to be more cost-effective than diesel in 2017, or the Roadster, for which they shamelessly took $50k or $250k deposits from potential buyers. Where is the Model 3 without a steering wheel for $25k? Where is the model for the masses? None of the businesses are anywhere near as big as Elon claimed they would be, and some don’t even exist. So why should we believe the robot business will be any different? Optimus can barely walk better than it did at the beginning. If it’s so advanced, why do they only post heavily edited footage instead of showing it doing something productive? I will be surprised if that thing gets even to the level of a Boston Dynamics product before Elon has a new game-changing idea and the project dies.
If maintaining 25 percent ownership is so crucial, why did Elon, the genius who sees so far into the future, cash out on his stock? Why even sell cars at all way below the net present value as if they were running it as a Robotaxi themselves? Why cash out if there's supposed to be potential for a couple of trillion in revenue in the near future?
Tesla makes decent cars, sure, but let's not be fooled into letting Elon walk away with half the asset value of the company or $10k from every car ever sold for not delivering on any of his promises. How disrespectful to all the tens of thousands of hard-working staff and brilliant minds in development to suggest that if he leaves, they can't achieve any of these things, but with him, they will, while he has yet to deliver on one of his promises.
Cheers.
John 14:6 Jesus said to him, "I am the way, the truth, and the life. No one comes to the Father except through Me.
1 Corinthians 15:3 that Christ died for our sins according to the Scriptures, and that He was buried, and that He rose again the third day according to the Scriptures.
Romans 10:9 that if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved. 🌍
When u can produce a workforce what is a economy- ELON MUSK
Pretty much the reason Giga Mexico was canceled. Optimus is going to replace most of the human workers at his factories, UAW is going to throw a fit!
Given that Musk knows nothing about AI computer programming or AI chip manufacturing, why would anyone think that his leadership is essential for Tesla to succeed in AI? Bear in mind that Musk's compensation is based on share price, not Tesla revenue or Tesla profits. For this reason, Musk has often exaggerated and sometimes lied about the capabilities of Tesla products in order to boost the share price. Since AI is now all the rage, Musk is touting Tesla's AI potential and he's no longer talking about solar roof panels, Tesla semis, Tesla roadsters, affordable Tesla EVs, or Tesla's non-existent solid state battery technology.
humanoid robots are a bad idea for production. Teslas demo with batteries shows it is a overkill solution. There a machines now with a camera, 3 motors and a vaccum nozzle for doing this task. Purpose build machines/robots are always the more effcient way. And 25k for a humanoid robot is way off, maybe 250k when scaled, to many actuators, sensors and machanic components.
As a Tesla car and stock owner, the company would be better without him, i'll be buying a rivian next year. He has done great things for EV's but that mouth drives away customers and his decision making ability has suffered since twitter.
Does Musk really think he can steal Tesla IP?
It sure looks that way. It will end up in court.
You propose that it would be cheaper in the long run to buy a robot to do a task a human can. I would ask the same question of you. You don’t think in this planet in which we live in we cannot find a new CEO for cheaper and just as passionate as Elon. Plus this also speaks of his ability as a CEO if his company is going to come to basically a halt if he is not there to helm the ship. You also have to question Elon’s motives. Is the robot for Tesla or to promote Elon’s Mars agenda at stock holder’s expense? There is no doubt a fully functioning robot would be beneficial to the world population. I also agree that Tesla has probably the world’s largest hive mind, thanks to Tesla car. Only time will tell. Isn’t Elon already conferring with other companies already?
xAI just went through second round of backing. Is Optimus and FSD fully Tesla?
Blackmailing attempt for $56 billion is also being attempted to be perpetrated on shareholders who possibly have little to no influence as to whether or not management give away $56 billion . If not the majority shareholders then the public in general have no influence as to whether or not management successfully help the business to be blackmailed for $56 billion.
Why finish one product and see it through to the end when you can extract investment money and enrich yourself by jumping around every time something new comes out.
It's a good thing he has guys like this helping him to continue his grifts.
Close your eyes, everyone just close your eyes there is nothing to see here, just keep listening to Elon's voice and walk towards the edge, it will be completely fine.
Tesla will never be the biggest company in the world or anything that Elon does. Just look at his history
Thank you for your service Elon. Toodle loo, and good luck becoming a full time Fox News reporter
He's having buyers remorse of Twitter and is being a petulant child. They should fire him before he does more damage.
The only people impressed by those robots picking-up batteries are people who have never been in a manufacturing plant.
If robots replace humans to do work. There will be more homeless, crime, and people dying. 😂
It doesn't really matter. Other companies will pick up the slack if Tesla faulters.
Can he actually walk away with the bot and AI? I would think that would be illegal and he would be voted out as CEO. He should get paid what was promised but not use this as a threat.
It's not tenable for the CEO of a company to own a second competing company. He needs to either step down as CEO or sell Xai.
i believe telsa will achieve true FSD on the same day Cloud Imperium Games ships Star Citizen
ark cant predict at all. they're such a fucking joke. just talkig their own books.
Elon is "focused on AI" because he's about to get his butt kicked by actual carmakers.
Elon is right... as an investor I support him all the way
Soon would have about 19% of Tesla now even with the Delaware.decision if he had not sold a ton of Feels stock to buy twitter.
Tesla is the only company in the world that is valued based on products that they do not actually have.
At 0:18: is not that robot guided by the guys closer to the camera with motion sensors?
Is not this just a scam so far this way?
In my view, this robot business, seems to be like the flying car dream. There are tons of barriers to overcome, which I think Elon is not young enough to watch all their solutions. He made many mistakes on his brilliant career, and in my opinion, the biggest one was ditching the Tesla swap in 2013, probably compelled by the sky high prices of Li-Ion batteries. By the incredible price reduction over the years, swapping business is becoming more appealing every day, to the point that the utilities will see it as the rational way to store energy, in ideal locations, instead of expensive far away ancillary plants, battery banks, pumped hydro, gravity structures, etc., and other ROI-less solutions. It would be the novel S2G, (Station-to-Grid) that will also prevent blackouts by stabilizing the grid level, generating revenue, while ditching the awkward V2G non-sense. Anyway, he will need swapping facilities for his robo-taxis, anyway. The humanoids won't be born yet to plug them in.
Tesla would be going nowhere without chinese battery tech. 4680 battery rollout plagued by production scale issues and slow as an optimus robot.
The swapping model is a disaster. If you advocate that then your view requires no further consideration.its likely to be very low margin at best with real estate and capacity planning very tricky. Added to which as battery charging improves the benefit becomes really marginal, particularly if you have to queue to enter. The cost of vacant units awaiting a vehicle in order to realise the speed benefit will be cost prohibitive. Why does robotaxi require swapping?? Its cheaper to have a surplus of cars for charging.downtime. There will clearly be downtime in any event for cleaning.
@@sammaimas155yes. Tesla is not a battery manufacturer per se. Thereir battery production is a tapered investment to hedge risk.
If the Humanoid Robot business is a dream, then why are Chinese companies and NVDIA plus others copying?? It's clear to me that Tesla Bot is at the intersection of Autonomy and Manufacturing. These competencies bode well for Tesla in this space and early entry is likely to maximise their probability of success. It looks like a measured risk to me with a high probability of at least gaining a fighting share in this new market.
@@sammaimas155Tesla's battery development was always tapered integration and a hedge against price gouging. I don't see this as high margin in the long run. The economies of scale with CATL etc will always win out. They have sound partnerships and have moved to secure supply chain through market integration.
You seem to be blithely glossing over the outrageous concept of a CEO threatening his company and it's shareholders.
You freely and frequently acknowledge this is indeed a threat, but don't for a second stop to consider how wrong that is.
Unless we, the owners of this company, massively dilute our ownership to pay him back his losses on his idiotic twitter screwup,
and unless we pay him the award that has been ruled illegal by a court, well, he's going to tank the future of our company.
Exactly, well said. I know that maybe the court was not exactly fair but we can vote again and I voted against most of the board's proposals. I like Elon but he's been doing some crazy stuff lately and it was him who sold his shares to buy Twitter. Now he is essentially asking for a mini-bailout. I say he should be happy with his 13%. Let him go build another company if he wants.
When you ask your boss for a raise, that too is a threat. If is not a threat, you will never get a raise. All negotiations are is a threat period. Bottom line is if Elon stays, will stock price rise. If Elon leaves, and a GM or Ford type CEO comes in will Tesla continue to raise?
Sell your shares. His behaviour is outrageous. He's attempting to blackmail investors. He can't take Tesla's IP when/if he leaves the business, that's nonsense. The SEC would drag him over the keel if he even tried. And his claim that he "needs" a 25% vote to continue work is ridiculous. The one and only reason that he wants to dilute stock (your stock!), is so
he can sell stock that he's holding now without losing the control that he has now. There's a reason that Denholm just cashed in $50m of shares. And that's on top of a sell off two years ago. It isn't because she needs the money, today. It's because she can see exactly what is going on.
@@davidbrayshaw3529 I don't get it.
1. Elon can't sell his stock if he wants to be in control. Does he want control or not. Pick one, sell or be in control.
2. Why dilute the stock if he wants to sell it. You want the highest price.
@@benmlee He's currently the biggest shareholder in Tesla, but not by a huge margin, depending on perspective.
If he sells a considerable amount of stock now, he will lose that position and the power that it affords.
If his remuneration package is signed off on this will give him considerable breathing room with regard to votes.
Keep in mind that he probably owns in the vicinity of 680 million shares. If they fall in value by half tomorrow and he sells a quarter of them, it's still a big payday. Like a
15 billion dollar payday.
It's a win win situation, anyway you unwrap it.
I do think that the market for robotic labor will be enormous. But for household use especially, the robot would be expected to display and develop a "personality" .. to the point of almost becoming a regular employee or a "family member," retaining and as familiar (if not much more) with all the details of family personal and business life as a child or in-law. It would not simply be a "smart" appliance, with a few personal settings in memory. This information must be "confidential and secure" as well. This aspect has not been frequently discussed. It actually applies to the Tesla car as well. Over-the-air updates or hardware improvements must build upon, not erase, this personalization.
I would add to my own comment that it applies as well to AI Assistants, like Microsoft, Google, OpenAI, and others are developing. There is already discussions of significant "personal" memory allocations when you sign up for a personal CHATGPT or COPILOT, etc., account, the contents of which are at least a record of the prompts and interactions you personally have with the service. Possibly soon, you might be able to simply "dump" the entire contents of your personal computer or phone (which, honestly, after awhile becomes a story-line of your life) into this "prompt space," which would almost instantly personalize your "personal assistant" - either in the cloud or on your own household or car computer.
This vote is reason enough to show why Elon needs the shares to maintain control, and not to have piles of money, because as soon
as he sells any shares he no longer has that control.
A trillion dollar loss be BIG NEWS. 😁😁😁😁😁
This is the most disloyal statement from any CEO ever.
Made at the same time as Elon is asking for SH support.
This is Aspey behavior run amok... Can we hire Jenson?
?
Imagine if Elon started another company, And started competition with Tesla ... Would the new company reach Tesla valuation?
If yes, then that says something.
Bookstore clerk: "Can I help you find something?"
Cleanerwatt: "Yes, I need about 15 shelf-inches of peach-colored books to decorate my podcast wall".
Not to mention 30 shelf-inches of sky-blue-colored books
Tesla is essentially being Tom Sawyer by getting people to pay thousands of dollars for years to be beta testers (essentially alpha testers) for a driving system that's still in development, imagine what people would pay for an actual finished product. Same with Optimus running on the vision based AI, pretty much can work 24/7, no sick days, no retirement plan, and no HR or Union threats, the robots will pay for themselves after a few months!
That's all hope and fantasy. FSD and Optimus are slow, primitive, buggy, and *dumb* .
"Pay me more or I'll let somebody competent run this company!"
OR:
"Pay me more or I'll destroy the company!"
Xai already took AI from Tesla
So the CEO is threatening to steal a trillion dollars of IP from the company he’s in charge of? Sounds legit
Well, that's the problem. Ownership of a public company is distributed among general public shareholders
Pay the man. There is no free lunch.
Is this even legal to make these sorts of threats?
I guess we will find out in a few days ... If there is a way to sue, someone will - The American Way.
You came "acrost an article"?
Elon knows tesla is failing
This is what I think. I think it's a huge gamble. Households or companies using humanoid robots is a new thing, therefore risky. Lots of promising tech went by the wayside 'cause people weren't ready for it. Like Google glasses - remember them? But there's a larger issue here: This isn't just a question of dollars and cents. It's one of leadership. First, what Elon is doing smacks of extortion - to me, anyway. Second, I'd be concerned about Tesla spinning into so many directions that it looses control of them. Look at what happened to Apple just before Jobs returned? Third, I have questions about Elon, his current fitness for leadership and, well, his mental health. He seems to have a Twitter addiction where he keeps tweeting things that alienate the very people most likely to buy an EV. That, to me, shows an alarming lack of self awareness and maturity.
Tesla will be chickened.
Pay Elon. He earned it and some
Most RUclips content makers don’t have an engineering background. Computing powers of machines are even remotely close to that of humans or even other life forms for that matter. They are extremely good at certain things like math and statistics but those functions are completely dependent on the input of information to be processed. FSD might be feasible with another few generations of hardware (note Musk said the first version of the FSD computer was capable of autonomous driving but is now on the 5th generation), but the requirements for Optimus to reach a trillion in sales is orders of magnitudes higher. The odds of a useful Optimus is very low.
Regarding the progress of Optimus, a wealthy company like Tesla can afford to hire engineers that already built robots and therefore catch up easily with the likes of Boston Robotics. The hard part is just beginning.
I wish Elon would introduce Master Plan 3 including a path for him to 25%. That would be easier for Wallstreet funds to stomach than paying for something that already happened. We are talking about funds here, morals play no part in their decisions.
Either way, no Tesla AI!
And my concern with Tesla future is stopping me from buying their car.
I just want a good car and I have no cares for AI.
Optimus may run security at Tesla chargers
Optimus regulatory commission ha
One Atlas bot could defeat 20 Optimus bots. Boston Dynamics is the real deal, Optimus is a joke
Elon must get pay
FSD, Driver Data, Dojo, GPU Clusters, Optimus, Chips...All of this is IP owned by Tesla and not Elon.
Sure, he is powerful within Tesla. But he cannot just take Tesla technology. Sure, he could slow down AI peojects, but this would hurt Elon. He could start a separate company but why should this slow down Tesla?
I think, Elon is just playing a political game here. And fear has always been a quite effective strategy in getting votes.
I think we need a new CEO.
Such idiocy. Does a Roomba look like a manual vacuum cleaner? Does a manufacturing welding arm look like a welder? A cluttered house is far more complex an environment than a road. Who's stupid enough to believe a human-looking machine is optimal for getting work accomplished?
Your just ignorant 🥹🤣🤣
Nickel is god son
The Tesla robot replaces a conveyor belt that handles 28000 batteries per hour with a shaky old woman who handles 300.
It also depends on Elon's involvement with the planning, his input when fully engaged is invaluable.
Stock buy backs give him shares/ higher % of company or no???
He never said he would quit if he did not get 25%. Stop spreading false stories, it is liable to get you sued.
Now let's get one thing straight. If this Teslanomics more on hadn't posted that insane idea Elon would never have talked about it. This guy basically planted the idea in his head.
Sounds perfectly legal
My vote was No. I dont react well to threats
I voted no as well. And I voted against putting his brother on the board.
You probably just have $100 in Tesla just sell we don’t need you
@@bobb6181 We??? I am down 5 K. Sorry you are butt hurt. Walk it off… are you the kind that likes free speech you agree with??
@@thewolfdoctor761 Good man. We know what his brother would do…. Another Elon vote. No independence. Amazed at these Koolaid drinkers
@@pedrosurasorry man i really believe Tesla is right on the verge of doing something great that will change the world. I’m down more than that and voting yes because we need Elon. He hasn’t been paid in four years. He hit the numbers they needed him too and now we don’t wanna pay him that is unethical.
It is almost criminal for a CEO to take assets out of Tesla. He is a CEO of a publicly traded company and cannot unilaterally pull such a stunt. He should be fired, period.
You believed the clickbait title?
A non-conifdence vote against Musk, as this could be construed as, would result in him leaving, that's all.
Optimus, FSD, and Robotaxi would of course stay with Tesla.
AGI, on the other hand isn't theirs yet!
Optimus might get a learning disability, and Robotaxi might stumble.
The main risk for Tesla would be that they wouldn't bee seen as a viable AI company, and Lose that direction, and the employees making it happen. But that's just in line with what such a shareholders vote would say,... just a car company!
No, I don’t subscribe to what you say.
He's not saying that. He is saying that he will not develop it further within Tesla. He does not want to contribute to rogue / corporate driven AI. Exactly why he opposes Open AI, which is in fact closed.
@@markthomas7279 then he should leave Tesla, use his own money like he did to purchase Twitter or start a new company from scratch.
He did the work with no salary
Pump and dump
Same old story. Same old "we will .....", he never does, he just moves and changes the target, all the time.
After June, dump and dump😂
And anyone that hasn't figured that out by now is a slow learner. Denholm, herself, has taken to her second big stock sell off. I think that I'd be more inclined to take my queues from her than pretty much anyone else. She knows exactly what's going on.
Musk’s last-two-years management of Tesla has been poor. He hasn’t made the $25k car. Sales are dropping. FSD accidents-per-mile barely improved. Musk is barely even at Tesla - spending more time at Twitter and SpaceX. Maybe time for a new CEO anyway, so why not save $50bn to pay twelve years’ R+D and get a CEO who actually wants to be at Tesla?
Since Elon’s pay package was dropped, Elon’s focus is not in the Company.
@@AlanDeRossett What we're seeing today is the result of decisions made years ago. The Cyber Truck is one of those decisions.
Okay. So you need to decide. Do you need him. Do you not. If you think you don't then stop bleating like a jealous GF. Manufacturing at scale is not straightforward. I don't think they were ready to hit the price point on the compact till now. It's easy to say do it quicker.... But I don't think anyone else will deliver profitably. Tesla has genuine cost advantage to be further leveraged by the next gen processes. Even BYD is failing to hit the cost points available to Tesla.
@@AlanDeRossettI think that's patently wrong. Elons influence is all over the restructuring. That's why the cuts look radical. Because Musk has the focus to drive growth by maximising cash management and investment priorities. Supercharging is NOT priority growth. This is an example of Musk making the difficult decisions for future growth.
Sorry but if Elon's mitigation plan for the risks of AI is one person owning 25% of the stock, he shouldn't be CEO.
Point to where did Elon hurt you?
No.
any robot that can cook, 50 k EASY
Hopefully the robot will wash his hands.
Jeezus! what a diva. Call him out on his bluff.
He had more before he wasted some of it on Twitter. No sympathy from me. And I've been a shareholder since 2018.
Wasted?...Thats a fukking big investment that also help Tesla!
If you dont know that and are a shareholder not understand your own good you are pretty wasted!!!
Sorry but him buying Twitter has NOT helped Tesla overall. Tesla went from #8 positive brand recognition before his purchase and rantings, down to like the #70s just above VW, the company of dieselgate.
He has maybe appealed to and increased purchases from one very narrow demographic while creating absolute ill will among a large percent of global potential customers
@tonyalbertsson919 TWITTER can go f itself. I'm a Tesla investor.
So you’ve done very well from your investment in that time while the CEO has not been paid anything for that value he created. Or do you think wealthy ppl shouldn’t be paid for their work?
@@flipadavis so you think ppl shouldn’t be paid for their work👍
Understandably Elon wants to have a say in real world AI’s future. Tesla’s AI opportunity was financed by shareholders who believed his
FSD story but then Elon wanted to have a say in World Politics getting distracted from his CEO role to buy Twitter.
hire me as CEO, here’s a great story but the moment it is realized I now want to spin off the best bits so I can have a say.
I have been a lifetime Elon supporter but without guardrails he continually runs amok making bad decisions on how he feels about issues personally. They’d be better off making Kimball CEO so Elon can focus on what he truly loves which is engineering. His political/ emotional decisions have not only cost Tesla but has caused America to suffer as well. His attempts to act as a free speech/honesty broker have put him well away from his expertise.
Elon's love is money and power, not engineering nor anything else. He's an entrepreneur first and only. And he's very good at that. That's how he has come to play with so much of other people's money. The problem is, however, that in recent years he has not been able to achieve the goals that he claimed he could and that has been reflected in the share price.
Whether as a consequence of that or his politics or other bad decisions, he has lost the confidence of not just shareholders, but more importantly, customers.
That's a problem. That's a really big problem, and the board at Tesla need to figure that out or the ship will continue on the trajectory that it is currently on. And given Q1 profits YoY, that trajectory is not sustainable. There's a reason Denholme just cashed in a second round of another $50m worth of shares.
@@davidbrayshaw3529 There is some evidence for your opinion and many share it. But closer examination of facts does not bear it out. He was weeks from bankruptcy with both SpaceX and Tesla where his engineering perserverance pulled him through. Admittedly he’s not accomplished all he has stated he would be is still 100 times more productive innovatively than any industrialist you can name.
I wouldn’t call Model Y as #1 selling vehicle globally as loss of confidence with customers. What exactly would he have to do to fulfill your expectation?
Elon is becoming / has become a massive turn off for all his companies.
Hahaha...no Elon no tesla thats for sure! If he leave Tesla in its best just gone be another Ford, GM etc....He is so fukking right about why dont they show up for work...fukking whiners are what they are
How? ... His name is what gave them value to begin with ...
Because you are listening to the mainstream media who are constantly attacking Elon. Elon doesn't spend money on mainstream media, and worse he is destroying the companies that ADO spend money on mainstream media. Hence the constant attacks.
If someone STOLE 5 years work and compensation from me (or you)and had no enforced patents….. reckon we’d both take our toys to another playground
@@mystx42 .... Having tech or having tools doesn't guarantee success.
Am sure there are millions upon millions of people who have 🔨 and 🪚 ... How many of them are top class carpenters?