Elon Musk says Tesla doesn't 'deserve' market value

Xavier Trudeau
Mai 19, 2017

Tesla's stock has soared by more than 40% this year based on investor optimism about prospects for the company's first mass market vehicle, the Model 3.

For his part, Musk defended his hard-driving style.

The company manufacturers all its vehicles from the plant in Fremont, and delivered about 76,000 cars worldwide past year. Workers made as little as $5 an hour. More recently, local labor organizations have been pushing to unionize the factory, citing the working conditions there.

"Ambulances have been called more than 100 times since 2014 for workers experiencing fainting spells, dizziness, seizures, abnormal breathing and chest pains", the newspaper reported, citing incident reports.

In order to make self-driving cars a reality and to first launch the cars first on street, many companies are collaborating with each other.

Shares of Tesla were last seen up 2% at $312.23 on Thursday, with a consensus analyst price target of $275.50 and a 52-week trading range of $178.19 to $327.66.

Uber CEO Travis Kalanick pitched the partnership idea to Tesla boss Elon Musk, who said the idea was "too far out" and that Uber should continue focusing on its core ride-hailing platform, according to Bloomberg. Moran said he did approach the union after working at the plant for a year because he was concerned about the mandatory overtime that required workers to work six days a week at 12 hours or more a day - a grind that led to preventable accidents. Just as CEO Elon Musk is a respected champion for green energy and innovation.

Elon Musk's latest venture, The Boring Company, has finally released details about its plans. H then turned attention to the fact that his company's valuation rivals, if not exceeds, that of General Motors while producing just 1 percent of GM's output.

"We're a money-losing company", Musk added. "This is not some situation where, for example, we are just greedy capitalists who chose to skimp on safety in order to have more profits and dividends and that kind of thing". "They just send us to work around him while he's still lying on the floor". And how do we survive? "How do we not die and have everyone lose their jobs".

"When true self-driving is approved by regulators, it will mean that you will be able to summon your Tesla from pretty much anywhere", Musk wrote in his " Master Plan, Part Deux " past year. Our goal is to have as close to zero injuries as humanly possible and to become the safest factory in the auto industry. The promises were meant to staunch concerns from employees. During an interview on April 28 at the TED 2017 conference in Vancouver, Musk did some rough math on making boring cheaper by a factor of 10 and has followed that up with a seven-step plan on the company's website.

"Tesla isn't a startup any more".

Tesla this year overtook Ford and General Motors as the most valuable vehicle company with a market capitalization of about $50 billion. He said almost the exact same thing in October 2013 at the opening of a Tesla showroom in London.

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