Posts Tagged: "hypocrisy"

Is Elon Musk a Modern Day Rasputin?

Musk also continues to be exposed by news headlines. Twice Musk has delayed his own deadline to reach the 5,000-per-week production goal he has set for Tesla’s Model 3. He’s broken promises not only to his shareholders but also his workforce, 9 percent of which he recently laid off in an attempt to make Tesla into a profitable company. At the time of this writing, Tesla shares were in the $310 price range despite predictions from major investment bank Goldman Sachs that Tesla may need to raise up to $10 billion in capital over the next two years to remain in operation. In late July, The Wall Street Journal reported that Musk asked some of Tesla’s suppliers to refund payments made by the company going back to 2016 in order for Tesla to reach profitability. This news caused a major surge in Tesla credit-default swaps, which now indicate that the company has a 42 percent chance of missing a debt payment in the next five years. Forget meeting production deadlines, Tesla might not have enough cash to keep its doors open within a few short years. Somehow it just doesn’t matter. It is almost as if the more Musk fails the greater his legend grows, and for reasons that make little sense the higher his stock price soars. 

When Will Wall Street Wake Up to Elon Musk’s Broken Promises?

Reports about Musk’s talks with Cortica comes one day after Goldman Sachs analyst David Tamberrino affirmed his sell rating for Tesla stock on his expectation that Tesla stock would drop by 30 percent over the next six months because of production issues… On the same day that Goldman Sachs reaffirmed its sell rating on Tesla stock, Musk posted a video to Instagram, which is emblematic of the CEO’s Alfred E. Neuman-esque style of response to any perceived corporate turbulence. The video shows Musk in a bar in Jerusalem pouring flaming absinthe. Musk’s Instagram declaration that “Everything’s better with fire …” smacks of the same “What, me worry?” attitude that has allowed him to navigate uncertainty in meeting production goals without eroding shareholder confidence.

Tesla continues to rack up patents despite Elon Musk’s supposed distaste for patents

For someone who avoids patents “whenever possible,” Musk and his companies sure do seek patents on a lot of innovations. So why can’t he just be honest about his motivations? Or why doesn’t he come out and explain that innovation demands patents and it just isn’t realistic to invest many millions, or in his case sometimes billions, into research and development if you cannot obtain and exercise exclusive rights? That is, after all, perfectly honest and true. You can’t invest in what you can’t own, and Musk knows that. For some reason he just doesn’t seem all that interested in his fans and shareholders realizing that undeniable truth.

The Supreme Court should follow their own Halo advice in §101 patent eligibility decisions

Essentially, the Supreme Court told the Federal Circuit that they needed remedial reading lessons. The statute is clear: “may” means district courts have discretion. The Supreme Court also seemed instruct the Federal Circuit to stop making stuff up that clearly isn’t found within the statute. It is truly ironic, even downright funny, how the Supreme Court can so clearly see that the Federal Circuit is not being true to the simple, easy to understand, straight-forward terms of a statute but at the same time lack the capacity to similarly see that they are themselves doing the very same thing. If intellectual honesty means anything the Supreme Court would hold themselves to the same standard and stop applying judicial exceptions to patent eligibility that enjoy no textual support in the statute.

Musk’s Tesla does poor job of avoiding patents, gains 27 this year alone

Musk maintains that he has avoided patents since leaving a business venture in 1999 but we’ve been pointing out how companies in which he holds a large interest have been acquiring IP and filing new patent applications themselves. In fact, as the IP portfolio analysis tools from Innography show us, Tesla has earned 27 patents thus far in 2015, making it pretty clear that Elon Musk is doing an awful job of avoiding patents, which really has to make you wonder what is behind his anti-patent rhetoric.

Elon Musk patent hypocrisy on display in growing SolarCity patent portfolio

Elon Musk also has a bizarro acquaintance with the truth, at least when it comes to patents. In his All Our Patent Are Belong To You [sic] blog post, which has served as the seminal moment for the current open-source trend in the auto industry, Musk stated that since his departure from Zip2, a previous business venture, in 1999, that he has “avoided [patents] whenever possible.” That anti-patent sentiment has raised Musk to rockstar status in the eyes of some, but even a cursory review of the facts suggests that Musk does not practice what he preaches. The fact that we can do a profile of patents issued by the U.S. Patent and Trademark Office to SolarCity in this year alone proves that, at least where it comes to patents, Elon Musk’s message is at best a “do as I say not as I do” approach to business. At worst, Musk is not true to his word.

Patent Reality Check: The Hypocrisy of Duke University on Patents

There are few things in this world that irritate me more than hypocrisy. Did you know that since 1976 Duke University has had 716 issued US patents, 266 of which in some way, shape or form relate to genetics and 156 of which relate in some way, shape or form relate to both genetics AND cancer. While Duke University throws Myriad Genetics under the bus over its patents on the BRCA1 and BRCA2 genes tied to breast and ovarian cancer, Duke has its own patent on identification and sequencing of the BRCA2 cancer susceptibility gene. How convenient!

Confessions of an Otherwise Respectable Blogger

Earlier today Kevin Noonan of Patent Docs posted an article titled Falsehoods, Distortions Lies in the Gene Patenting Debate.  In the article’s first paragraph Noonan explains that ever since the filing of a complaint by the ACLU challenging the propriety of certain gene patents owned by Myriad Genetics, the debate regarding gene patents has gone mainstream.  He wrote: Thus, there…