Maezawa made his money like any poor capital allocator does; by finding a worse capital allocator. He sold his company Zozo Inc. to Yahoo Japan, a subsidiary of Softbank, last year.
At the same time Tesla shares are tanking on news of not being included into the S&P 500 this morning, shares of budding competitor Nikola are surging by almost 50% after announcing a partnership deal with General Motors.
Tesla bulls, pundits and sell side analysts alike had widely expected the company to be added to the index following four quarters of "profitability". Instead, S&P wound up adding Etsy, Teradyne and Catalent.
Hours after video surfaced of a horrifying wreck involving a Tesla, the company is reportedly setting up a new sales and service company in Southwest China.
She was demonstrating with groups calling themselves the “Revolutionary Abolitionist Movement” and the “New Afrikan Black Panther Party”. Her group carried signs saying "Death to America" and "Free All Prisoners".
"Some netizens suggested that the driver had made a mistake, but others doubt the effectiveness of Tesla's autobrake and intelligent driving functions," the article says.
"When you have a responsibility, especially when you have to talk about something serious like race, you can’t be full of crap. You’ve got to be honest and fair.”
"...in our evaluations we determined that several of the features don’t provide much in the way of real benefits to customers, despite the extremely high purchase price."
Back in 2018, even the New York Times called Musk hitting his 10 year long pay plan goals "laughably impossible". Instead, he has triggered $9 billion in option awards in less than 36 months.
