Linette Lopez
@lopezlinette
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Columnist @businessinsider . 🇩🇴 On Threads with the same handle.
New York
Joined January 2009
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Last Seen Profiles
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How do I know so much about how
@elonmusk
does things? I spent 3 years investigating Tesla at
@BusinessInsider
from 2018-2021. Here are some of sloppy, dangerous, callous, things I learned:
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@GretaThunberg
Still not exactly sure what an Andrew Tate is but I know how you kill one on Twitter.
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If there was impeachment in Veep it would look like this.
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That time Elon told his engineers to stop doing brake tests on Model 3s. The tests were finding too many defects, and he wanted speed up the manufacturing process. Is that "hardcore engineering?"
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Tesla put batteries with potentially defective cooling systems in people's cars. And they knew about it.
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This story put me on Tesla's sh*tlist. It shows a factory in chaos, and explains why Musk was desperately behind schedule while building the Model 3. And if you're looking at it from an accounting lens, it's extremely suspect too.
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.
@AOC
just asked a mom who lost her baby if ICE detention was cruel.
She said: ICE officials asked her why she was in the US saying "You know that this is country of Americans, that the president is Donald Trump, that we can take your daughter, and we can put you in jail."
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Tesla has been much faster to do recalls in China than in the US. One of the China recalls sounds like it could be about this defect I reported on, known within the company for years.
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Musk would later admit Tesla was on the verge of bankruptcy during this period.
More on the accounting implications of millions of dollars of waste (that doesn't seem to appear anywhere on Tesla's balance sheet). Yes, I'm a nerd.
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And yes, there was that time
@elonmusk
was a total creep to me on this app, which only convinced me I was asking good questions.
@lopezlinette
They were sent to me by multiple people on the Internet. I don’t use Facebook.
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Anyway, I'll leave you with one of the first pieces I ever wrote about
@elonmusk
, before I started any investigating, It was clear to me then what I think more people understand about him now.
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And don't even get me started on what Tesla's relationship with the Chinese gvmnt may bring. They own the land his Shanghai factory sits on and can take it back whenever they think Elon's out of line.
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I can't imagine how those bankers feel now that he's completely screwed them with this Twitter deal. If he had closed earlier, it would be much easier to unload the debt.
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Musk has always been reckless. His cheerleaders Morgan Stanley almost stabbed him in the back in 2019 when Tesla looked like it might go bankrupt.
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I've talked to dozens of SolarCity employees and customers. This is what I mean when I say I've seen
@elonmusk
do "sloppy" and "callous" business.
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I wouldn't be surprised if Tesla acquires Twitter. Why? Because that's how
@elonmusk
bailed himself (and his family) out when Solarcity was going bust. He made up some synergies for Tesla, lied about some new Solarcity product — merger managed.
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China's gvmnt has shown
@elonmusk
that it can cripple Tesla sales if it feels like it. It did it back in 2021.
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Oh, and Tesla was HORRIBLE to workers during the pandemic.
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And if you're wondering how long
@ElonMusk
has been surrounded exclusively by sycophants, Tesla's last respectable GC quit after just 2 months in 2019.
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I'm sure the Twitter people knew what kind of chaos to expect. Musk is proud of how life-sucking and cultish working for him can be.
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Solarcity has been a declining share of Tesla's business basically since it was acquired. And it's been a MESS. The company had to initiate a stealth, nationwide plan to switch out defective parts that could lead to fires.
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I have returned.
I hope that while I was gone some of you read my latest
@businessinsider
story about
@elonmusk
's rough and rude business tactics — and why they're about to run Twitter into the ground.
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I can tell you from personal experience that any time anything goes wrong for
@elonmusk
he thinks it's a conspiracy.
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Environmental concerns aren’t new.
What might be new is that Tesla realized that bc it can’t book Bitcoin sales as profits — but rather as an intangible asset — this was blowing a hole in its balance sheet.
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The real reason Nixon started the war on drugs.
The man should have done so much time.
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I’d just like to point out that right now, right this very moment,
@elonmusk
is going through my Facebook history and screen grabbing things to share with his friends on the internet... if you’re investing in Tesla or in a Tesla you need to sit with that. $TSLA
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The takeaway, btw, is that Trump is President and he has hundreds of millions in debt and potential tax liabilities coming due while his business is hemmoraging money.
Anyone around the world could pay off someone this desperate.
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"...earlier this month, the New York state Department of Financial Services subpoenaed records from Trump’s longtime insurer, Aon. A person familiar with that subpoena"
Sounds like
@AOC
's line of questioning during the Cohen hearings did the job.
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Back in 2016, Tesla made a video pumping its self-driving product but an engineer recently testified that that video was staged.
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.
@elonmusk
tells Joe Rogan that he knew COVID was nbd bc nothing happened to Tesla's 20K employees in China.
He does not mention that he shut down Tesla's factory exactly like Beijing told him to.
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GOP wants to ditch this transparency rule for oil/gas companies just after mystery person bought 19% of Rosneft & confirming Tillerson
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Like that time
@elonmusk
accused me of bribing my sources, and then had to admit he had no evidence of such a thing when asked under oath.
In which
@elonmusk
admits he knew of no actual link between the alleged Tesla saboteur (who he also admits did no sabotaging), myself, and Mr. Chanos.
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Never forget that Pence ducked the “respecting the outcome of the election” question too. This isn’t just Trump.
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It's stunning $TSLA suffer through all this Twitter debacle, but it was also foreseeable. I wrote that Tesla would be paying for Twitter about it back in April.
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That time elon found one of my sources and tried to ruin his life (but ok)
@CollinRugg
I’m not his source, but, yeah, obviously asking journalists to reveal sources is not cool
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"Dad, I will be fine for telling the truth."
Anyone who has parents who grew up under authoritarians knows how scared
#Vindman
's dad must be, and the conversation they probably had about this situation.
#VindmanTestimony
#ImpeachmentHearing
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Anyone who is surprised that
@elonmusk
would spend billions of dollars on ideas that suck was not around in 2018 when he almost bankrupted Tesla because he tried to design a fully robotic factory which totally flopped.
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In light of today’s Wilbur Ross and Paul Manafort headlines I’m just going to leave this right here.
Larry Kudlow on Trump's cabinet: “Wealthy folks have no need to steal or engage in corruption.”
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The president is basically unintelligible without editing.
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Of course
@elonmusk
is jumping in on the AI pump. Says Tesla is a leading AI company. "Most people won't understand what I'm saying" he says giggling.
Yeah, it's nonsense.
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Ooof Amy and Pete would've haaaaaated each other on student council.
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What brain dead man thought this was a good idea in 2016?
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I’ve always admired Ryan Mac’s reporting on
@elonmusk
. Especially this story about the felon who swindled Musk out of $50K by writing Musk a fake investigative report full of lies he wanted to hear.
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There’s a part of the HBO Theranos doc where Elizabeth Holmes and her 40-something Pakistani boyfriend dance to MC Hammer. It’s worse than fraud.
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Tesla is recalling basically all of its cars in China for an unintended acceleration defect.
I wrote about the same problem sending a pregnant mom in California to the hospital years ago.
@elonmusk
$TSLA .
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Have you ever seen anyone try so hard to be affirmed ever?
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I *would* be shocked that Elon is complaining about a stimulus package while Tesla accepts billions in government handouts. But I've covered Wall Street for 10 years, so I've encountered many billionaire welfare queens.
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If Tesla didn’t have serious demand problems, shutting this plant down would be unthinkable. The timing for this is like Santa leaving every Tesla shareholder a musty lump of coal.
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Pompeo is a poor liar. Luckily you don't have to be good at particularly anything to be in this White House. Just shameless.
RADDATZ: Do you believe coronavirus was man-made?
POMPEO: The best experts seem to think so
R: But the DNI says the consensus is it wasn't
P: That's right. I agree with that
R: So to be clear, which is it?
P: What's important is the Communist Party could've prevented this
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If you’re still at Twitter and think that Elon is eventually going to pay you out handsomely I have a tunnel under Las Vegas to sell you.
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I’m just going to say this very clearly so it’s n record:
@ElonMusk
knows as much about the Federal Reserve as a box of hair.
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For the uninitiated, Musk makes this ask at the end of every quarter to boost sales and make up for the general chaos that is Tesla.
Elon Musk is now asking $TSLA employees to “volunteer” to work at Tesla over the holidays in order to help the distressed company 🤦🏻♂️
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My favorite part of
@elonmusk
's deposition, though, is where he negs me without me EVEN BEING there. loooooooool.
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China has spent hundreds of billions on semiconductor development, and it hasn’t been able to manufacture the cutting edge stuff yet, but the country has only begun to fight.
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None of these people actually stand for anything.
Scoop: The White House asked a Republican senator to block a bill that punishes China over its encroachments in Hong Kong.
That senator, Kevin Cramer, obliged, blocking unanimous passage of the bill last week — even though he’s a co-sponsor of it.
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Yeah, the guy Manafort owed millions of dollars to.
Treasury Department lifts sanctions on Russian companies tied to Putin ally
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“There is no purgatory for war criminals, they go straight to hell, Ambassador” — the Ukrainian ambassador to the UN to his Russian counterpart just now at the UN Security Council meeting.
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.
@AOC
just asked
#Zuckerberg
if she could run an ad saying (incorrectly) that Republicans voted for her green new deal.
Zuck is now blathering like a drunk baby. He's got nothing.
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OK. I know all y’all
@ProjectLincoln
people are good at ads... But it’s quite possible the Dems are finally stepping up their game.
This **chefs kiss**
@IvankaTrump
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As a Wall Street reporter from Trump’s America I co-sign on this and then some.
One way in which extreme inequality is self-reinforcing is that very wealthy people are fairly segregated from middle-class society so most Americans don't get to see up close just how much obscene money is sloshing around at the top.
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This is the most elegant, peerless, sublime “not the onion” I’ve ever seen. It deserves our respect.
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.
@chrislhayes
keeping is super real RN: "Anyone who was too stupid to know [that Trump would lead us to this violence] is too stupid for public life."
Love this energy.
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Fascism 👏🏽 and 👏🏽 capitalism 👏🏽 are 👏🏽 inherently 👏🏽 incompatible 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽
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I've been talking about how
@elonmusk
scammed $1B out of
@NYGovCuomo
for YEARS. NY state got NOTHING in exchange. Tell everyone.
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Tesla is recalling 250k China-made cars and 35K US-made cars in China. It is recalling them for a problem it has always denied having to US media — unintended acceleration.
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Tony Blinken just said it's mask off when it comes to Russia. Biden believes Putin has yet to pay for a range of aggressions from Ukraine to tampering in our elections.
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I’ve covered insecure rich men for over a decade and this is without question the most pathetic thing I’ve ever seen.
I’ve confirmed that Mark Zuckerberg is serious about fighting
@elonmusk
and is now waiting on the details (if Musk decides to follow through)
“The story speaks for itself,” a Meta spokesperson says re: Zuck’s IG post saying “send me location”
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Well this was only a matter of time.
@ElonMusk
pretends to know something about geopolitics — gets owned by a Ukrainian diplomat.
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I hope y'all know he's going to have to sell more Tesla stock.
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The profits from Bitcoin sales can only be recognized as cash when they’re converted to to cash (because Bitcoin is not real money).
Aside from that Tesla can only mark Bitcoin on its balance sheet to the downside.
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@woodruffbets
This is WILD.
The fact that Diaper dude didn't have that domain locked down... I can't understand. It's 2020.
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@MollyJongFast
Stop. He looks like he’s spent at least 25 years running a used car dealership in the greater Tampa area.
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Dads, tell your boys you love them or this is what will happen when they become president.
Please, won't some reporter just tell the president he's a super good boy and give him a sheet full of gold stars, please, he's about to burst into tears, please.
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WORK, SELENA.
Selena Gomez emailed Sheryl Sandberg last year to take her to task about hate on Facebook, per
@AP
.
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Cool, now do Xi Jinping. Oh wait.
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I really wish Jeff Sessions were obsessed with this.
1 in 4 drug overdoses in the US in 2015 was related to heroin, according to a new report from the CDC
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Your reminder that
@ElonMusk
’s brain chip company has killed 5,000 animals and published zero research.
By telling scientists they must publish, you get:
1. higher-quality research, more reliable results, less self-delusion
2. better scientists whose reputation will flourish
3. easier external collaborations
4. better research evaluation
5. better internal impact
6. prestige
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When I covered $TSLA I saw Elon make decisions that made his cars more dangerous multiple times. Always for the sake of $$. That he did the same thing with "autopilot" does not surprise me one bit.
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We’re about to see if a judge buys it when one of the dudes who showed up in tactical gear tries to claim Jan 6 was a spur of the moment thing.
More great reporting from Scott.
Big hearing tomorrow in a Jan 6 case. The defendant has pleaded NOT GUILTY… and is now making a noteworthy argument for his release from jail til trial. My latest reporting ===>
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This will have all the charisma of a roll of sand paper interviewing a bottle of old glue.
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The terms of the deal
@elonmusk
is making for Twitter will bury the company in debt and threaten Tesla's stock. As one hedge fund source put it: "Musk's terms are commensurate with him being an over-levered clown."
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If you think it's new that
@elonmusk
is running an operation with no controls — quality or otherwise — know that this is nothing new. It's just that he used to be able to hide it at his factories.
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A lot of the crimes in this administration are going to come down to a bunch of grown men pretending to be Imelda Marcos.
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The Crown squashed stories for a pedophile but let the tabloids run ragged over pregnant Meghan Markle y'all can get bent.
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This energy. Right now.
"Forget the myths the media created about the White House. The truth is, these aren't very bright guys, and things got out of hand."
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LOL this context is how you know
@elonmusk
is still, and probably always will be, micromanaging at Twitter.
This is a recall. Ask the NTSHA or as the Chinese Communist Party. They’ll be in agreement.
Tesla is recalling basically all of its cars in China for an unintended acceleration defect.
I wrote about the same problem sending a pregnant mom in California to the hospital years ago.
@elonmusk
$TSLA .
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What was my source revealing? The sloppy why Tesla handled, disposed of, and accounted for toxic battery waste that could (and did) lead to fires.
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Plus, and I can't stress this enough
@elonmusk
's companies have yet to survive an economic downturn, or a world with interest rates above zero. This Tesla demand crisis may not be like the others.
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.
@elonmusk
will always squash any insinuation that there could be a demand problem with Tesla, even from his most faithful followers. Car people tell you, though, that selling rental fleet might be a sign of a demand problem.
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Yet another example of
@elonmusk
believing whatever paranoid delusion makes his forever virgin fans happy. It’s like he’s allergic to actual information.
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The NYT published this picture of the Mylan CEO today and I can't stop laughing. More:
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Just one person? Bahahahah omg.
Tesla is hiring a full-time position to handle people talking shit about
@elonmusk
online
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Sucking up to retail is a Wall Street Charlatan 101.
ARK Invest CEO Cathie Wood on retail vs. institutional investors:
"The retail investor has seen the future...They know the world is changing"
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