ELON Musk is having a hard time at the moment. And it's just going to get worse.
Since his company Tesla is under investigation after his tweet, it can become private after "financing the financing", employees of the business magnate have opened up to how bad it is to work with the entrepreneur, by New York Post that the company is in turmoil.
"Elon talks about being socialist and doing good for mankind – unless you work for them," a source told the New York Post.
"It's a s ** t show."
Until recently, investors and Tesla employees bought Musk's inspired vision, but that belief is now beginning to erode.
Another employee told us New York Post that Musk runs a barbed wire between the things he promises and the things he can actually deliver.
Last year, the Wall Street Journal published a presentation on the deep gap between the Tesla engineers working on self-driving cars and Musk's statements about deadlines and capacities.
At least 14 people had already resigned and since then the maker of electric cars remains a burden of talent.
In March Treasurer and Vice-President of Finance Susan Repo left after five years, followed by salesman Jon McNeill, who left for rideshare app Lyft and Chief Accounting Officer Eric Branderiz, who left for personal reasons.
In July, head engineer Doug Field resigned, together with top seller Ganesh Srivats.
An employee who worked under Mr. Srivats said that he was recruited as a sales employee – or "owner adviser" in Tesla language – a year ago. He could not resist the seductive pitch of Tesla.
"They told me: & # 39; Your industry destroys the world & # 39 ;, so come to Tesla and save it. & # 39;
Musk himself, as the wayward tech entrepreneur, has been the ultimate draw for many.
But the reality of working for Musk is very different from fantasy.
Personnel meetings with the tycoon, according to another source, are not so far away from the notorious Trump cabinet meeting where members sat around the table to praise the president and thank him for the privilege.
And when Musk makes promises about the possibilities of a car that are not realistic, he doubles.
"He is very difficult to leave his posture," describes a source.
"He will say:" The car can do X, Y or Z & yes, that is possible – in two decades. "He bases his argument on the physically possible rather than the practical reality."
TESLA IN PROBLEMS
Musk's sudden public unraveling has brought his company Tesla more attention.
In May he alarmed investors by calling their semi-challenging questions "boring" and "botkop".
In July, after he had unsuccessfully stopped the rescue attempt in the cave of Thailand, Musk took Twitter and called him a hero "a pedo".
And on August 7, Musk shocked Tesla and his investors with the "secured finance" tweet. For $ 420 per share, the company's valuation would come to about $ 80 billion.
In the wake of that tweet, the US Securities and Exchange Commission opened an investigation, allegedly one day later suing Tesla.
This probably led to Musk's stalled interview with the New York Times, published on August 16, in which he hesitated between tears and laughter.
Musk, 47, described the past year as "unbearable".
He said that he had not taken a week's vacation since 2001 and claimed to work 120 hours a week – with three or four days of sleep at the factory, never seeing the light of day.
Musk also said that he sometimes took Ambien to sleep, but according to the TimesBoard members know that he occasionally used recreational drugs.
The businessman said that his stress did not come from production problems or missed deadlines, nor from not delegating or managing time management, but from the short-sellers who, he said, "are desperately pushing a story that could possibly destroy the destruction of Tesla will result. "
The tongues of Musk like this, especially those on social media, are worrying board members, but the entrepreneur is reportedly still not going to leave Twitter.
"Last week you had a very large shareholder who says he wants him to concentrate on executing and stops the tweets," Gordon Johnson, managing director of the research agency Vertical Group, told the Washington Post in July.
"What is his point of view? What is he doing? … He remains promising things, and he remains missing, and he is not kept for task. & # 39;
A source, speaking against the New York Post, confirmed this and said that when Musk tweets about a new functionality or function, it is often in response to a fan who has asked when such a thing is possible.
Musk will, according to the source, often e-mail the task department and then report back to the fan, the date on which it will occur, no matter how unrealistic the request may be.
Some of Musk's more fire-prone tweets, according to an employee theory, are a form of distraction – if there are a number of promises that Musk will never live up to, he hopes people will forget by taking their eyes off the ball.
Meanwhile, Tesla's current big hope, the (relatively) affordably priced Model 3, has its own problems.
Business insider reported this week that although the company reached its production target of 5000 Model 3s by the end of June, 4300 of those vehicles required substantial adjustments.
That means that only 14 percent get it through "first pass yield" (FPY) – which means that it comes from the original production line and does not require any fixes at all.
A company manager told the publication that the default car maker FPY is 80 percent.
This Tesla employee is not surprised.
"The Model 3s are coming in [to the showroom] scratched or damaged, "he told the New York Post.
"They do not fit well together, but if you look at the panels, they do not match, they do not line up."
Business insider also reported that Wall Street analysts broke a Model 3 to find multiple faults, including "inconsistent holes and flushness throughout the car, missing bolts, loose tolerances and uneven and poorly aligned spot welds".
They concluded that the results confirm reports in the media about quality problems and disappointing a car of $ 49,000 ($ A67,000).
This "owner adviser" says he has left a job that pays $ 150,000 ($ A205,000) per year for a Tesla base salary of $ 34,000 ($ A46,000), with Tesla executives pledging enough in annual commissions to to equal his previous salary.
However, he soon learned that this would never happen, because Tesla continues to move the goal posts.
"I had a friend who killed it – her commission check would be $ 42,000 ($ A57,000)," he says. "She said," just a joke, you missed [your goal]. It will be $ 4000 ($ A5.500) for the year. & # 39; "
Last May, the company put together a class-action suit, brought by three former salespeople who accused the company of abuse at work, including the constant manipulation of sales figures and commissions.
However, Tesla employees have the assignment to feel only one victim: Elon Musk.
Recently the employee told it New York Post, the headquarters "literally sent a picture of the couch and blanket on which he sleeps" at the factory in Tesla.
"They sold it to us as his team threw to buy him a new bank, he is a f ** king billionaire, he can afford a bank."
But even if there are doubts in the factory walls of Tesla, few believe that the trajectory can be down.
"Elon e-mails us directly and says: & # 39; We are at the top, we are going to prove it [everybody] wrong, & # 39; "said the employee.
"Everyone realizes that it has failed, but everyone is afraid to lose their job before Tesla makes a big hit". It is a mess."
This article originally appeared in the New York Post and was republished with permission.