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The [Wednesday] Papers

"In scrambling to ramp up production of its Model 3 electric car, Tesla has run into trouble with robots and automated machinery, a need for more workers and a shortage of battery packs," the New York Times reports.

"Now Tesla's chief executive, Elon Musk, suspects his company might have a more unusual problem: sabotage.

"In an e-mail sent to employees late Sunday night, Mr. Musk said a disgruntled worker had broken into the company's computer systems in an attempt to disrupt manufacturing."

Was it a rambling e-mail? Usually those are rambling e-mails.

*

"Tesla seemingly has no shortage of customers ready to buy the car. It took $1,000 deposits from nearly 400,000 people even before it began making the Model 3 last summer. A large portion of those customers, however, were expecting to buy a basic version that is priced at $35,000 but has not yet gone into production. For now, the company is making versions that sell for $50,000 and more."

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2021: Tesla told Chicago he could build the O'Hare Hyperloop for $1 billion, but so far he's only built half of a $3 billion Hyperloop. Why?

'Cause what you see, you might not get
And we can bet, so don't you get souped yet
Scheming on a thing, that's a mirage
I'm trying to tell you now, it's sabotage

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See also: Elon Musk's Long Obsession With Sabotage.

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Also:

"At least three fatal accidents have occurred in the United States involving Tesla vehicles that were operating with the company's Autopilot driver-assistance system engaged, drawing scrutiny from federal safety officials and raising questions about the system's reliability. Mr. Musk also overestimated Tesla's ability to mass-produce the Model 3; he once expected the company to churn out several hundred thousand in 2018."

He has not, however, overestimated Rahm Emanuel's ego, electoral needs and one-man rule.

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"One constant since Tesla was founded in 2003: the company has lost money every year."

When the CTA does it, they're emblematic of public sector bureaucratic bumbling. When Tesla does it, they're emblematic of private sector innovation.

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"Earlier this year, Moody's Investor Service cut Tesla's credit rating."

Moody's now rates Tesla's credit as B3, which in Chicago stands for Barbara Byrd-Bennett but in financial circles means Beware Bullshitting Billionaire.

*

Meanwhile, Moody's is calling Rahm's $8.4 billion O'Hare nip-and-tuck "credit negative."

I feel like when they plug in the final Hyperloop pod all the lights at the airport are going to out.

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"Just last week, Mr. Musk announced that Tesla was eliminating the jobs of about 3,500 people to cut costs."

Hey Elon, you've got the job! Stop trying to impress our mayor!

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Previously: Elonorail.

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We hired the wrong Tesla.

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New on the Beachwood today . . .

Separated Migrant Children Are Headed Toward Shelters With Histories Of Abuse And Neglect
"Taxpayers have paid more than $1.5 billion in the past four years to private companies operating immigrant youth shelters accused of serious lapses in care, including neglect and sexual and physical abuse."

*

Gravity Of Precedent Fuels Challenge To Foxconn's Lake Michigan Bid
"Several of Wisconsin's fellow Great Lakes states have raised concerns and questions about the Foxconn diversion."

See also the item Foxconn Job.

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From the Beachwood World Cup Desk . . .

Coffman: Ronaldo Is The King Of The World
Messi and Neymar not so much.

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World Cup VAR: Technology Is Transforming The Beautiful Game
And already causing controversy.

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ChicagoGram

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ChicagoTube

Artists of the Wall Festival, Rogers Park.

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TweetWood
A sampling.

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Awesome thread.

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The Beachwood Tronc Line: Still official.



Permalink

Posted on June 20, 2018


MUSIC - Spring Awakening Wake-Up Call!
TV - Exclusive! Rahm's New TV Gig.
POLITICS - The Political Odds UPDATED.
SPORTS - NHL: CTE Not Our Fault.

BOOKS - Stan Lee, Flawed Hero.

PEOPLE PLACES & THINGS - Chicagoetry: I Am Iron Man.


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