News
MyTeslaWeekend & James Stephenson debunk a lot of nonsense surrounding Tesla
MyTeslaWeekend and James Stephenson shared a deep dive into the nonsense and misinformation surrounding Tesla. And they debunked each one. There always seems to be Tesla critics who take things a bit too far. MyTeslaWeekend didn’t hold back. In the video’s description, he said,
“These guys use some really dishonest math. They deduct from one side without accounting for the other. They count something for GM or Stellantis, but not Tesla. They move numbers between columns as if that’s how accounting works. They’re lying liars. Not James’ words, but mine.”
Some of the topics they covered included zero-emissions vehicles (ZEV) credits not being taxpayer money, General Motors (GM) only selling 26 Evs in the last quarter of 2021, Tesla CEO Elon Musk’s actual compensation accounting, the pump and dump myth, and so much more.
ZEV Credits Are Not Taxpayer Money
James pointed out that some people seem to think ZEV credits are taxpayer money when this is not the case.
“Some people get the wrong-headed notion that regulatory credits are a stipend from the government; that governments are giving you taxpayer money. And that is not what’s going on at all. The money you’re making is from selling to your competitors who did not produce enough electric vehicles to comply with applicable law.”
The money, he added is for competitors who don’t want to pay fines to the government for non-compliance.
GM Only Sold 26 Evs In Q4 2021
Despite President Biden’s claim that GM is the EV leader, the automaker only sold 26 EVs in Q4 2021.
-
“In Q4 of 2021, General Motors sold 26 electric vehicles. They sold 25 Volts and they sold one electric Hummer, I believe, to Mary Barra. I think she was the buyer of the one electric Hummer.”
Tesla, he added, sold over 300,000 electric vehicles.
Elon Musk’s Compensation
Elon Musk as CEO of Tesla doesn’t take a salary and James added that he doesn’t get any cash bonus.
“Most CEOs do have either or both of those as part of their compensation package.”
“What Elon said was, ‘hey if I can’t grow the revenue and the market capitalization of this company, the value of people’s investments in this company by tremendous amounts, you don’t owe me anything. I’ll make zero dollars if I can’t do those things.”
James further explained how the gap accounting treatment works.
“As Elon made progress towards achieving those aggressive goals that I just outlined, Tesla had to record expense relative to the proportion to the twelves tranches that Elon was making progress towards achieving.”
-
“This is not widely understood. So, another thing that we saw in Q1 of 2022, the most recently reported quarter was ‘Tslaq’ crying foul over the reduction in SG&A year-over-year”
He pointed out that this group, ‘Tslaq’ which is mostly responsible for a lot of the misinformation against Tesla, said that last year, the number was larger than this year. So by the logic of this group, Tesla must be committing fraud.
“‘It has to be fraud. There’s no way your SG&A could have come down by that much year-over-year.’ Well, it’s because a year ago, Elon was still making tons of progress towards achieving these market cap and revenue and even milestones. And this year, the work’s done already. It was almost completely achieved by the end of 2021. So there’s almost nothing left to pay against it.”
‘Elon Musk is a Pump and Dump’ Myth
MyTeslaWeekend shared his biggest pet peeve that he sees all the time which is the constant claim that Elon Musk is nothing but a pump and dump. James shared his thoughts.
“He owns more shares now than he did a year ago or two years ago. And he’s probably going to buy more shares if he can extricate himself from the Twitter situation. So, he still owns more Twitter stock than anybody else does right now. Far more than the people on Twitter’s board combined.”
Elon Musk is also often accused of pumping and dumping Dogecoin however he hasn’t sold his Doge. In fact, he’s recently reaffirmed his support of Doge. In addition to Doge, and Tesla, some critics have claimed Elon has pumped and dumped SpaceX stock and MyTeslaWeekend pointed out that this isn’t a publicly traded stock.
Debunking the nonsense is something that is done on a regular basis and the video, I think is a gem in the treasure box. You can watch the full video below.
-
-
Tesla’s AI lead Ashok Elluswamy doubled down on the company’s strategy regarding Full Self-Driving’s speed settings, and owners are definitely confused.
Earlier versions of Full Self-Driving allowed owners to set a max speed that the vehicle could travel while operating under the semi-autonomous driver assistance platform. This allowed more customization for the driver, giving them the ability to experience FSD’s robust performance with their own personal preferences.
Speed is massively important for obvious reasons — it’s not only a question of keeping the vehicle occupants comfortable by traveling at a safe speed, but it’s also something that could contribute to a ticket or infraction from law enforcement.
With the release of FSD v14 last year, Tesla removed the ability to set a max speed and instead opted for five Speed Profiles, ranging from “Sloth,” the most conservative, to “Mad Max,” the most aggressive and spirited. These profiles not only control speed, but also how frequently the vehicle will execute passes, perform lane changes, and other contributing factors.
The removal of the Max Speed setting was a major complaint amongst the Tesla community because it left owners scrambling for a way to experience suitable behaviors while traveling at an appropriate speed. Most felt the driving profiles would be a good indicator of the behaviors, while speed would still be left up to the discretion of the driver.
Instead, Tesla’s Speed Profiles determine both, and the constant tinkering of how they behave has been a major bottleneck and point of confusion for both owners and the company. From update to update, the Speed Profiles will change, sometimes more drastically than others. Some owners have complained that the “Standard” profile is too fast, while others have experienced “Mad Max” traveling below the speed limit:
What has happened to Mad Max?
At one point it was going 32 in a 35. Traffic ahead had pulled away considerably https://t.co/bjKvaMVTNX pic.twitter.com/aaZSWmLu5v
-— TESLARATI (@Teslarati) January 24, 2026
These things change with each update, but the big complaint is that owners are on the hook for any tickets that come from FSD’s infractions; that’s the caveat of the suite being named FSD (Supervised). It ultimately means the driver is responsible, and the automaker has no liability when it comes to speeding tickets or general traffic infractions.
It is the driver’s responsibility to take over or adjust based on this.
Elluswamy essentially confirmed that there are no plans to bring back Max Speed control, because it is what he referred to as “an anti pattern.” He then echoed something that CEO Elon Musk has started to really push with FSD, and that’s the idea that Tesla is really honing in on the preferences of the driver.
Max speed control is an anti pattern.
We are working on better learning of user’s implied preferences.
— Ashok Elluswamy (@aelluswamy) August 3, 2026
-
Owners were confused by Tesla’s decision, stating that there must be a better way, especially considering disengagements for incorrect speeds are common:
This…. is not the way
— Kyle Conner (@itskyleconner) August 4, 2026
😭 I appreciate this mentality ! But currently the no.1 reason I disengage in Australia is incorrect speed zones.
— Ryan’s Model Y (@ryanjaycowan) August 3, 2026
This is fine but you need to start accepting liability for speeding tickets then. https://t.co/lyCgdA83gQ
— Jeremy Judkins (@jeremyjudkins_) August 4, 2026
-
Okay https://t.co/nOvoXQkNg1 pic.twitter.com/jGRtF2xtox
— Chad Moran (@ChadMoran) August 3, 2026
From personal experience and using FSD for over 72 percent of my driving miles since v14 was released late last year, I make Speed Profile adjustments constantly. If FSD is traveling a tad too quickly, I will scale it back, and if it’s too conservative, I’ll make it more aggressive.
I don’t complain about making the Speed Profile changes too frequently, but it would certainly be nice to have it happen less frequently. There are far too many times I am concerned about getting a ticket, even in Standard mode.
The biggest issue for me, personally, which seems to be echoed throughout the community, is the fact that Tesla’s goal is to minimize disengagements. Many drivers are stating that speed is a major reason for disengagements.
However, Tesla is not willing to bring back this one level of input because it would technically be a regression.
-
Whether it’s right or wrong in your opinion, it is what Tesla is going with, and it seems like it has pivoted quite a bit from its other strategies for minimizing interventions by pushing its AI to behave in a way that would fit the occupant’s personal preferences.
Tesla is one of several automakers whose vehicles qualify for an awesome new first-time EV buyer incentive program in California.
The Golden State launched the MyFirstEV incentive program, which helps those buying an electric vehicle for the first time with a $3,500 incentive on new-inventory purchases of a Model 3 or Model Y.
First-time electric vehicle buyers in California can now get $3,500 off eligible Model 3 and Model Y new inventory vehicle purchases.
To be eligible, you must place your order on or after August 3, 2026 and take delivery while funds are still available. The incentive applies to… pic.twitter.com/yuXF00XA50
— Sawyer Merritt (@SawyerMerritt) August 4, 2026
The incentive requires an order on or after August 3, and delivery must be taken while the program is still being funded. California has set aside $135.5 million to help strengthen its SEV market and support automotive innovation.
Incentives are offered at the point of sale, and used EVs are also available for a partial incentive of $1,750. Half of the $3,500 and $1,750 incentive amounts are covered by California, with the other half being covered by participating OEMs.
-
Additionally, rules apply for MSRP and how the vehicle will qualify for the incentive. Any vehicle from a non-California headquartered OEM must have an MSRP of $50,000 or less. Used vehicles must be priced at $25,000 or less and must be at least two model years older than the year of purchase.
The cars must also be purchased from manufacturers as certified pre-owned vehicles. Private dealerships are not eligible.
In total, California expects to incentivize over 73,000 ZEVs.
Participating Manufacturers
Fourteen total automakers are participating in California’s MyFirstEV program:
- Chevrolet – Launching August 2026
- Ford – Launching August 2026
- Honda – Launching September 2026
- Hyundai – Launching August 2026
- Kia – Launching August 2026
- Lexus – Launching September 2026
- Lucid – Launching August 2026
- Mitsubishi – Launching November 2026
- Nissan – Coming Soon
- Rivian – Coming Soon
- Subaru – Launching September 2026
- Tesla – Launching August 2026
- Toyota – Launching September 2026
- Volvo – Coming Soon
Elon Musk’s space exploration company, SpaceX (NASDAQ: SPCX), is set to report its earnings for the second quarter today in what will be its first-ever earnings call since going public in July.
SpaceX is trading down roughly 25 percent from its IPO. These early stock signals are usually a bit tumultuous, and considering this is the first company actively launching rockets that is available on the stock exchange, investors might have a tendency to be a bit skittish.
However, there are going to be some details that investors will hear for the first time today on the earnings call. Here’s what to look for:
Wall Street Expectations
Revenue is expected to fall somewhere around $6.8 billion, and will be heavily driven by Starlink, which is SpaceX’s widely popular satellite internet platform that has been adopted by numerous airlines, cruise ships, and other maritime operations. It is also available for consumers at home or in their cars.
Earnings Per Share (EPS) expectations fall at a net loss of $0.23 per share. Wall Street sees this as a total net loss of roughly $1.9 billion.
EBITDA is expected to come in between $2 billion and $2.1 billion.
What Investors Want to Know
Tesla uses the Say platform to help work with both retail and institutional investors to answer relevant and quality questions that address concerns or questions that they might have.
-
However, SpaceX is doing things differently, as the company launched its own Investor Relations website where these questions are being fielded. Just like the Tesla questions, they seem to be less focused on the operational tasks and overall progress of the company, and more novelty.
Here are the top five:
- Has the team thought about what possibilities there are with your mascot Asteroid? Whether it’s starting additional foundations for kids in its name, helping kids learn about space, etc. Kids are our future, and Asteroid would be a fun and easy way to help.
- Baby Asteroid is already making a difference through charity around the world. Could SpaceX take it even further with programs that inspire kids to explore space?
- SpaceX has some legendary vehicle names. Would you ever allow the public to name a Starship, even knowing there is a 99% chance it becomes Shipy McShipface?
- When can we expect to see more footage of the Human Landing System?
- Will Asteroid (your mascot) go to Mars?
SpaceX will report its earnings today, August 4, at 4:30 P.M. EDT.
Tesla’s AI lead doubles down on FSD’s speed strategy, and owners are confused
Tesla qualifies for awesome new first-time EV buyer incentive in California
