In early 2016, Musk predicted non-GAAP profitability for the year, GAAP profitability for the fourth quarter of the year, and positive cash flow for the full year. It didnâ€™t happen.
In July of last year Musk suggested to Tesla stock owners that the company would be able to crank out 20,000 Model 3 vehicles per week by the end of the year. The company shipped only 1,542 for the whole quarter.
In October of 2016, Musk said he didnâ€™t foresee Tesla or SolarCity needing to raise more cash, either through the sale of shares or the issuance of debt. It was a true statement, but only for a short while. In August of last year, the company issued $1.8 billion in new debt.
Musk said that he would open-source the patents held by Tesla and not pursuing infringement suits on anyone using the technologies â€œin good faith,â€ and even went so far as to say that he has personally avoided patents in his business endeavors ever since leaving Zip2, his first company. Thatâ€™s categorically false. SolarCity, a company chaired by Musk, continued to obtain patents in the year after Musk called patents essentially â€œa lottery ticket to a lawsuit.â€ Last May, we reported on electric vehicle battery patents that continue to be obtained by Tesla. So Musk is either diverting shareholder funds to an activity which he believes is a legal liability, a potential breach of his fiduciary duty to shareholders, or he lied about his views on patents.
Mal sehen, ob er seine Versprechen diesmal einhalten kann: Teslaâ€™s cars will in August suddenly activate â€œfull self-driving features,â€ the company's chief executive Elon Musk tweeted on Sunday ...
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