261–270 of 396 posts
Tesla and SpaceX are businesses and I never understood the public fandom behind them and Elon Musk. 3,500+ people losing their jobs is pretty significant for a leader who touts altruism as one of his top motivators.
If this is a serious comment, see https://waitbutwhy.com/2015/05/elon-musk-the-worlds-raddest-... and the other parts of the series.
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Personally I don't disagree with the notion of taking huge risks and going all out. Tesla and SpaceX have made the world a better place in my view, and they've definitely made the world more interesting. That said, the overhyping, recklessness and hubris at this stage on the Tesla front seems like instead of helping achieve the wildly ambitious goal, they're making it more likely to fail. If Tesla was slightly more r…
>That said, the overhyping, recklessness and hubris at this stage on the Tesla front seems like instead of helping achieve the wildly ambitious goal, they're making it more likely to fail. If Tesla was slightly more reasonable, and extended their timelines out a bit, it's entirely likely they'd be selling more, better cars. I think Musk and Tesla are in the middle of a real life trolley problem. It is certainly true…
The Tesla deaths per mile statistics are not that much better than overall US statistics and that involves all sorts of weather and road conditions that Autopilot does not. In addition, the death statistics also include older and or cheaper cars that do not have the recent safety features. A much better comparison is with vehicles costing the same as Teslas and comparing their crash statistics.
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If that was the case they definitely would have noted it. Musk said "In addition to this company-wide restructuring, we've decided not to renew". He then went on to say the majority will be given the opportunity to move to other Tesla retail locations. It reads more like the cuts don't include the Home Depot related staff (who surely work hourly + comission anyway, these are cuts to salaries positions).
As a Tesla investor, I'm very curious what the conversion rate is of Home Depot/Big Box customers vs Tesla stores. My guess would be it's much higher in Tesla stores. No one likes being bothered at Home Depot by sales staff when they've just popped in for a part.
Just reading the first few comments.... I really don't get the Tesla hate. Is it hacker-ish contrarianism? Have they done something? What's the deal HN, why are we cheering against the home team? Overall Musk has been pretty straightforward and explicit with what he's doing. Tesla (and spacex) set extremely ambitious goals, like none of their competitors do. They take big risks. They're not interested in reducing ris…
Having said that, I think they make well-designed, innovative and inspiring products. Build quality and financials are terrible though.
> A fund manager can be as risky as she likes
This is off-topic but... am I the only one that finds this cringey and forced, given that it's such a such male-dominated field?
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If you think it's overvalued there is easy way to act on it short some stock.
It's not so easy. You have to pay to borrow shares and the risk is unlimited. Fun fact: in October 2008 VW became the largest company in the world by market cap. https://www.quora.com/What-are-some-of-the-greatest-short-sq...
Tesla and SpaceX are businesses and I never understood the public fandom behind them and Elon Musk. 3,500+ people losing their jobs is pretty significant for a leader who touts altruism as one of his top motivators.
You never understood the fandom behind a company privately launching rockets and landing the boosters? Surely you jest...
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Apparently Musk really pissed off the media with his talks about creating a media ratings/fact-checking site. I'm actually following it closely because I'm also working on a fact-checking project. Maybe the hate predates this incident and has little to do with it, but a few weeks of negative articles can do a lot to change some people's attitudes. At one point CNN had an opinion piece on the homepage titled "Elon Mus…
Ok, so that covers the media. What did he do to piss of hn?
I wouldn't say HN is mad at him so much as wanting him to be responsible and own up to reality. He's supposed to be an engineer, and Proper engineers don't engage in "spin." Furthermore, "spin" has to be somewhat believable, whereas Musk has had a recent history of blatant falsehoods. Just like HN calls out anyone else when they're wrong (that is, disconnected from reality), HN is calling out Musk now that he's verbally disconnected from reality. HN has a low BS threshold.
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Those same public markets were recently trading at 87-88 cents on the dollar. (See http://markets.businessinsider.com/bonds/tesla_incdl-notes_2... for verification.) If the markets were assuming that they would recover half of what was owed in bankruptcy, that corresponds to about 1/4 odds of bankruptcy in the next few years. Given that historically markets have been more accurate than any individual commenter, the r…
Sorry, to clarify I am talking equity. Please provide examples now. The snark in this thread is unbelievable.
Equity prices give you a share in future success. They therefore predict expected future value, pro-rated by the odds of getting there.
Bonds give you back money if the company remains in business, and nothing more. Therefore they represent a prediction of odds of going out of business, with no regard to how wonderful the possible upside in the company might be.
Tesla's combination of high equity value and low bond value represents a company that has a real chance of becoming dominant in its sector, and also a good chance of cratering instead. You shouldn't invest in a company like that unless you understand why there is a real risk, and are willing to take it.
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I was approached by a Tesla contractor in Home Depot on a few days ago. It was honestly not a good experience. For one, I was approached cold. I too had no idea that they had this agreement, so I was looking at something when someone came up and asked me something like "what type of project are you working on?" So I naturally just described what I was doing and before realizing this was not a HD employee. He asks me…
I still can't believe retail establishments think it's a good idea to degrade the customer experience by letting third-party salespeople rove their stores. I know Home Depot et al are making money from it, but I can't imagine there are many customers coming away with positive feelings from these come-ons.
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Wow, that fake crypto scheme tweet under his official tweet had me fooled for a second.
The fact that Twitter cannot put a single person up to delete a few dozen scam tweets every time a off celebrity tweets and ban a few accounts speaks volumes about how much they don't care about their users.
Hacky solution, but it would just work.